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Gold/Mining/Energy : Exxon Mobil (XOM)

XOM 120.44

+1.9%

11:04 AM EST

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From: JakeStraw	5/31/2005 8:06:04 AM
	of 585

Exxon Mobil, Chevron upgraded at Citigroup Smith Barney By Sarah Turner LONDON (MarketWatch) -- Citigroup Smith Barney upgraded U.S. oil companies Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) to buy on Tuesday, saying a rebound in the wider equity market alongside a robust earnings outlook for 2006 leaves absolute valuations attractive. Chevron Texaco stands out, the bank said, as a combination of operating catalysts and valuation makes it one of the most attractive of the oil majors.

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