Tag: XOM 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.
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.
Berenberg cut its target price on ExxonMobil (XOM) stock from $73 to $63, according to Reuters. Analysts’ mean target price on ExxonMobil stock is $80.
The valuations of integrated energy stocks ExxonMobil, Chevron, Shell, and BP have been slammed in Q3, led by volatile equity markets and oil prices.