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