Energy

Chevron and Exxon are about report earnings, but traders only back one

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Get ready for the Dow’s Big Oil plays to release earnings.

Chevron and Exxon Mobil are gearing up to report about their recent quarters before the bell Friday, joining the more than two-thirds of Dow components that have already posted results.

But, the two are not equal, according to Craig Johnson, chief market technician at Piper Jaffray.

“If I look at the differentiation between Exxon Mobil and Chevron, Exxon has been in a series of lower lows and lower highs for quite some time. Chevron, though, looks like it’s in a high-level trading range after the stock moved from $70 to $130 and it’s just consolidating,” Johnson said Thursday on CNBC’s “Trading Nation.”

“I’m going to take into the…



Source cnbc.com

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