With the earnings season well on its way, many investors still remain understandably skeptical about several commodity producers’ fourth-quarter reports as global economic uncertainties and demand concerns continue to plague the market. Earnings results thus far have been mixed, while lackluster economic data weighs heavily on commodities. Last week, however, oil giants Exxon Mobil (XOM) and Chevron Corporation (CVX) both posted solid Q4 profits, exceeding analysts’ expectations. Chevron’s victory, however, was short-lived after analysts at UBS cut its stock recommendation [for more commodity news and analysis subscribe to our free newsletter].