Chevron (CVX +1.2%) bucks today's downtrend in energy stocks after its healthy interim update,...

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (CVX +1.2%) bucks today's downtrend in energy stocks after its healthy interim update, which bodes well for upcoming earnings from ExxonMobil (XOM +0.2%) and other big oil peers. “All these companies are subject to the same general price realizations and market pressures, so they tend to move in the same general direction over time," an analyst says.