SaxoTV

Chevron and Exxon - Just how big a hit can the oil giants take?

669 views
October 29, 2015 Chevron, Exxon, OI, chevron earnings, chevron shares, crude oil, crude price, enegy, energy, energy and tech companies, energy companies, energy demand, energy efficient, energy efficient companies, energy efficient company, energy industry, energy information administration, energy market, energy market in asia, energy prices, energy sector, energy stock prices, energy stocks, energy supply, energyconsumption, energysector, energía, england, exxon mobil, exxonmobil, oi oi oi, oil, oil 100 price, oil and gas, oil and gas engineer, oil asia, oil barrier, oil bounce, oil cargo, oil commodities, oil companies, oil company, oil consumer, oil demand, oil down, oil drop, oil egypt, oil exploration, oil gains, oil grilling, oil industry, oil inventories, oil iran, oil levels, oil libya, oil market, oil markets, oil news, oil outlook, oil price, oil prices, oil producers, oil production, oil range, oil refinery, oil services sector, oil shutdown, oil spread, oil stockpiles, oil stocks, oil supplies, oil supplies threatened, oil supply, oil trading, oil us shutdown, oil wealth, oilsupply, saxo tv, trade idea, tradingfloor.com, twitter growth, us economy, usd, wtcrud, wti, wti and oil, wti brent, wti brent spread, wti crude, wti crude oil, wti price, wti supply, wti vs brent, wticrude
A glut of oil firms reporting results this week and among them Chevron and ExxonMobil, both companies which focus more on the 'downstream' sector of the oil industry and therefore are perhaps more immune to the oil price slump, compared to those more closely involved in drilling and exploration.

Saxo Bank's Head of Equity Strategy Peter Garnry  previews Q3 results for both firms against a background of a poor outlook for the energy sector. Energy stock analysts are bracing themselves for up to seven more quarters of downward pressure on oil firms.

Peter identifies Chevron as a target for a shorting strategy and outlines his trade.