Tag: Chevron stock

ExxonMobil (XOM) stock has risen 2.4% this month, and Chevron stock is up 3.9%. Let's see which company looks more well-positioned than the other.

Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.

Chevron's (CVX) and ExxonMobil's (XOM) stocks have reacted differently to the companies' earnings releases on November 1.

This quarter, ExxonMobil (XOM) stock has risen 3.4%, while Chevron (CVX) has risen 2.7%. Let's look at both stocks in further detail.

BP has the highest correlation coefficient of 0.60 with WTI, followed by Shell at 0.57. Meanwhile, ExxonMobil and Chevron have relatively low correlations.

Royal Dutch Shell (RDS.A) and BP’s (BP) earnings fell in the third quarter. While BP’s profits fell 41%, Shell’s earnings fell 15%.

ExxonMobil and Chevron released their Q3 earnings results on November 1. While Berenberg has raised ExxonMobil's target, it has lowered Chevron's.

Chevron stock (XOM) closely relates to oil prices, so investors sometimes use this highly liquid, well-regarded stock as a trading vehicle for oil.

ExxonMobil and Chevron surprised markets with strong third-quarter earnings results on Friday. Their adjusted EPS beat analysts' estimates.

Chevron's (CVX) earnings, on a reported basis, have fallen 36% YoY to $2.6 billion in the third quarter. The company released its results today.