Should You Swap Out ExxonMobil for ConocoPhillips?

Yes, say the folks at Barclays. They took a long, hard look at integrated oil companies like Chevron (CVX) and ConocoPhillips (COP)–but only one came away with a downgrade: ExxonMobil (XOM). Associated Press Barclays’ Paul Cheng and team explain why: We downgrade ExxonMobil to Underweight from Equal Weight primarily due to its relative valuation. The [...]