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.

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

ExxonMobil's (XOM) earnings have fallen 53% YoY in its third-quarter results. Analysts expected a 54% YoY fall in the company's profits.

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.

Redburn has double-downgraded ExxonMobil stock to “sell,” according to Thomson Reuters. It's actually made downgrades in the entire sector.