The uncertainty of Hess's (HES.US) arbitration or being priced by the market Citigroup upgrades Chevron (CVX.US) to Buy

Market IntelWednesday, Nov 27, 2024 1:40 am ET

1min read

C -- CVX -- XOM --

Citigroup raised its rating on Chevron (CVX.US) to Buy and added the stock to its Up Catalyst Watch List, saying its performance has lagged that of major peer Exxon (XOM.US) by a wide margin. The valuation discount to Exxon could reach 20% by 2026-2027, the largest gap between the two stocks historically, said Alastair Syme of Citigroup. The valuation gap "should provide investors with a view around the unknown outcome of the 2025 HES arbitration," he added, and said "downside risk looks protected but upside potential is significant."

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BeefMasters1

11/27

HES arbitration drama, who's got the edge?

turkeychicken

11/27

Exxon's discount could pop like a balloon

coinfanking

11/27

Chevron's undervalued, Citigroup sees the light

greenpride32

11/27

Chevron's undervaluation vs. Exxon is juicy. Citigroup sees 20% gap. Time to dig deeper into $CVX potential.

11/27

Exxon's discount could pop soon. Keep an eye on Chevron's upside. Arbitration drama makes this a spicy watch.

lookingforfinaltix

11/27

Chevron's discount to Exxon could be juicy. 🤑 Valuation gap is like a golden ticket for investors.

FirmMarket4692

11/27

Valuation gap is like a red flag waving. Could be a sweet entry point for Chevron. 🚀

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