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Goldman downgrades Chevron, sees more upside with Exxon

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Michael Wirth, CEO of Chevron.

Adam Jeffery | CNBC

After nearly two years of holding Chevron on its buy list, Goldman Sachs is moving it to the sidelines.

The firm cut the oil giant to a neutral rating on Tuesday, saying that after multiyear outperformance from Chevron, there are now more attractive names in the energy space.

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