HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices rise

  • Date: 22-Jul-2021
  • Source: CNBC
  • Sector:Oil & Gas
  • Country:Gulf
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HSBC turns negative on oil stocks, downgrades Chevron to hold even as energy prices rise

The challenges around climate and renewable energy appear to be outweighing higher oil prices for investors, and that dynamic will hold back stocks like , according to HSBC.