Second day of oil company downgrades from S&P

Yesterday, Standard & Poors lowered ratings and outlooks on European energy companies. Today, their US counterparts get the axe.

  • Exxon's AAA rating goes to credit watch negative
  • Conoco-Phillips on credit watch negative with A rating
  • Apache downgraded to BBB from BBB+
  • Mobile Corp's AAA rating on credit watch negative
  • Marathon oil to BBB- from BBB
  • Devon energy to BBB from BBB+
  • Southwestern Energy to BB+ from BBB-
  • Chevron to AA- from AA
  • Hess to BBB- from BBB

Two of the few AAA-rated companies come under the glare and some major companies getting downgraded.