JPMorgan downgrades Chevron, citing ramp-up in clean energy spending

thumbnail
Jesse Pound@/in/jesse-pound@jesserpound
WATCH LIVE
Journalists are reflected in the sunglasses of drilling site manager Greg Murphy during a media day at Chevron's site in Pungesti, Romania, April 8, 2014.
Bogdan Cristel | Reuters

Chevron's plans to increase its clean energy spending could hold the stock back over the next year, according to JPMorgan.