Like their smaller rivals both Chevron and Exxon are shedding assets to raise cash and cut costs albeit quietly. Oil Giants Face Off.
Exxon Vs Chevron Who Has A Better Capital Structure Nasdaq
When asked about Exxons and Chevrons stocks which are dragging down the Dow today on Squawk Box Cramer gave a damning prognosis to a surprised Rebecca Quick.
Chevron or exxon stock. You can see the complete list of todays Zacks 1 Rank Strong Buy stocks here. ExxonMobil has the second-most refining distillation capacity in the world whereas Chevron focuses mostly on exploring for and producing hydrocarbons. Chevron has a stronger balance with lower net debtearnings before interest taxes depreciation and amortization of 08 versus 17 times for Exxon based on 2021.
However it is important to realize that Exxon is. Challenges for Exxon. Like Exxon it has a diversified business that spans from the upstream exploration and production.
In the first quarter ExxonMobil sold its South Texas King Ranch midstream assets. Chevrons forward PE stands at 149x a bit lower than ExxonMobils. Chevron has a rock solid dividend while Exxon has greater reserves and engaged recently in cost cutting to improve its bottom line.
Goldman has a 65 target on Exxon. Thats 16 above where the stock closed on Friday. Exxon is currently offering a 62 dividend yield which is higher than the 5 dividend yield that Chevron is offering.
Exxon stock has fared worse than Chevron in recent times but investors who buy at these discounted levels can still profit if oil demand bounces back. Year-to-date ExxonMobil stock has risen by 26 and Chevron stock by 100. In 2020 ExxonMobil is planning to invest 33 to 35 billion while 30 to 35.
Chevron has an expected earnings growth rate of 2630 for the current year. Over the last 10 years both companies have been neck and neck in the stock market. Chevrons stock has consistently outperformed.
Chevron total output is 31 million barrels per day of oil and gas equivalents. ExxonMobil stock is trading at a forward PE of 160x the highest among its peers. Im done with fossil fuels.
If theres more upside in the oil patch though it may well be in Chevrons stock. But Chevron is hardly an industry newcomer weighing in with a market cap of around 180 billion. Chevron yields 38 while Exxon pays out 4.
Two big energy majors are ExxonMobil and Chevronboth carrying a Zacks Rank 3 Hold. Exxon vs Chevron Stock. Analyst Paul Sankey of Sankey Research notes that Chevrons outperformance against ExxonMobil has been a long time.
This month these stocks have risen 27 and 22 respectively due. An analysis of ExxonMobils and Chevrons. Chevron is emerging from the wreckage of 2020 in much better shape than Exxon.
Exxons stock has underperformed Chevron by about 12 over the past six months and sells at a premium valuation compared with Chevron says Michael Underhill chief investment. Chevrons Edge Over ExxonMobil ExxonMobil has an aggressive capital spending program in place as compared to Chevron. Financial comparison over the last 3 years gives shows Exxon and Chevron are roughly equal.
Over the past 30 days the company has seen the Zacks Consensus Estimate for its 2021 earnings surge 501.
