Chevron raised to Buy at Citi as Hess arbitration uncertainty looks discounted (NYSE:CVX)

Chevron (NYSE:CVX) +1.1% in Tuesday’s trading as Citi upgrades shares to Buy and places the stock on an upside catalyst watch, pointing to its significant underperformance compared with key peer Exxon Mobil (XOM).

Chevron’s (CVX) valuation discount to Exxon (