Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers
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Bernstein downgraded ConocoPhillips, Diamondback Energy and Devon Energy to Market-Perform from Outperform, cutting price targets on all three, while…
Directly affected
- COP Conocophillips+6.5% 30d
Named in this report.
- FANG Diamondback Energy-2.5% 30d
Named in this report.
- DVN Devon Energy-4.7% 30d
Named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- XOM ExxonMobil Holdings-2.7% 17d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+2.9% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- SHEL Shell+0.8% 7d
Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+10.3% 18d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| COP | -1.64% | -2.34% | base | +1.97% | after close | after close | after close |
| FANG | -0.75% | -1.55% | base | +0.65% | after close | after close | after close |
| DVN | -4.65% | -5.63% | base | +2.84% | after close | after close | after close |
| USO | +4.74% | +0.82% | base | +3.43% | after close | after close | after close |
| XLE | -2.64% | -2.21% | base | +1.50% | after close | after close | after close |
| XOM | -0.81% | -1.14% | base | +1.84% | after close | after close | after close |
| CVX | -0.13% | -1.13% | base | +1.51% | after close | after close | after close |
| SHEL | +2.32% | +1.03% | base | +0.72% | after close | after close | after close |
| OXY | -1.40% | -2.40% | base | +2.25% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers BigGo Finance
Source: BigGo Finance
The price since 12 Nov 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| COP | that day | +1.97% | final price |
| COP | three days earlier | -2.34% | final price |
| COP | five days earlier | -1.64% | final price |
| Chevron (CVX) | that day | +1.51% | final price |
| Chevron (CVX) | three days earlier | -1.13% | final price |
| Chevron (CVX) | five days earlier | -0.13% | final price |
| DVN | that day | +2.84% | final price |
| DVN | three days earlier | -5.63% | final price |
| DVN | five days earlier | -4.65% | final price |
| FANG | that day | +0.65% | final price |
| FANG | three days earlier | -1.55% | final price |
| FANG | five days earlier | -0.75% | final price |
| Occidental Petroleum (OXY) | that day | +2.25% | final price |
| Occidental Petroleum (OXY) | three days earlier | -2.40% | final price |
| Occidental Petroleum (OXY) | five days earlier | -1.40% | final price |
| Shell (SHEL) | that day | +0.72% | final price |
| Shell (SHEL) | three days earlier | +1.03% | final price |
| Shell (SHEL) | five days earlier | +2.32% | final price |
| United States Oil Fund (USO) | that day | +3.43% | final price |
| United States Oil Fund (USO) | three days earlier | +0.82% | final price |
| United States Oil Fund (USO) | five days earlier | +4.74% | final price |
| Select Sector Spdr Tr (XLE) | that day | +1.50% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.21% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.64% | final price |
| ExxonMobil Holdings (XOM) | that day | +1.84% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -1.14% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -0.81% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 78 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 80 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 83 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Devon Energy (DVN) (jointly held), worth $50,001 - $100,000 on 23 Sep 2026. That is 50 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Devon Energy (DVN) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 50 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Devon Energy (DVN) (jointly held), worth $15,001 - $50,000 on 14 Sep 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 73 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 29 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 50 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 71 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 83 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- XOM ExxonMobil Holdings
For “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers,” ExxonMobil Holdings (XOM) tends to benefit, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
In “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers,” Chevron (CVX) tends to benefit, medium confidence. Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
In “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
For “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- SHEL Shell
For “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers.” Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
United States Oil Fund (USO) and the energy link
On 12 Nov 2026, “Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers” is the story that connects United States Oil Fund (USO) to Energy.
For United States Oil Fund (USO), the reason on file says United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
USO traded between 143.02 and 171.80 across 20 sessions. The latest close on file is 148.41. XLE traded between 63.05 and 70.15 across 20 sessions. The latest close on file is 66.70. XOM traded between 167.40 and 188.47 across 17 sessions. The latest close on file is 169.46.
How solid the energy case looks
46 out of 100
“Bernstein Warns Oil Stocks May Stall Even With Crude at $90, Cuts Three U.S. Producers” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.