Oil Majors At Resistance

 | Feb 08, 2021 12:45AM ET

I present below a variety of large energy companies that seem very prone to a prolonged downturn, particularly the megacaps, which have merely powered their way back to their broken trendlines. ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX), Devon Energy (NYSE:DVN), EOG Resources (NYSE:EOG), Halliburton (NYSE:HAL), Occidental Petroleum (NYSE:OXY), Exxon Mobil (NYSE:XOM):