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

Published Wed, Sep 15 20215:56 AM EDTUpdated Wed, Sep 15 20217:20 AM EDT

Jesse Pound @/in/jesse-pound @jesserpound

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.

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