Other major industry players like Chevron ( CVX ) and ConocoPhillips ( COP ) have already announced capex cuts in response to the low oil prices . Click to get this free report CHEVRON CORP (CVX): Free Stock Analysis Report CHESAPEAKE ENGY (CHK): Free Stock Analysis Report CONOCOPHILLIPS (COP): Free Stock Analysis Report To read this article on Zacks.com click here. Tuesday, March 24, 2015 A benign inflation reading on the home front and a batch of conflicting data out of Europe and China provide the backdrop for today's trading action.