Better Buy: ExxonMobil vs. Chevron
Oil prices were starting to strengthen as 2020 drew to a close. Still, both ExxonMobil (NYSE: XOM) and Chevron (NYSE: CVX) were probably glad to see the year come to an end -- the improvement in oil prices came off a very low base given the pandemic headwinds the energy sector faced.
Investors looking at these U.S. energy giants today might be wondering which is better positioned to ride a recovery. Here's what you need to know.
While the price of oil and natural gas are clearly the most important things driving top- and bottom-line performance at Exxon and Chevron, there's another issue that's increasingly taking center stage: The global push to reduce carbon emissions is leading to very public problems in the political and management realms, at least for Exxon.
Source Fool.com
