Raymond James Slashes Estimates on Exxon, Chevron. Here’s Why.

Raymond James analyst Pavel Molchanov slashed his estimates on Chevron (CVX), ExxonMobil (XOM) and Petrobras (PBR) today. If you guessed lower oil prices were the reason why, then give yourself a prize. Molchanov explains: Andrey Rudakov/Bloomberg News Estimate changes: Once more, with feeling – our third set of oil-related estimate cuts since the meltdown began… As [...]