ExxonMobil and Chevron have reported significant profits, with Chevron achieving record production in 2023 and buying back half of its stock. Both companies have increased their dividends for 37 years. Despite this, they are trading at P/E ratios less than half that of the S&P 500. Investors are finding the hydrocarbons sector comparatively attractive against the broader market. Big Oil is generating substantial returns but is facing challenges in competing with Silicon Valley in the stock market.
My thoughts on Exxon and Chevron earnings and the oil market https://t.co/gH3xeqUJei
S&P 500: Top 10 payers of Shareholder Returns ( $XOM $CVX) https://t.co/JgTnnBRScj
$XOM and $CVX appear comparatively attractive vs the broader $SPX on a valuation basis https://t.co/ayVfFmH196
Chevron: record 2023 production, bought back half of its stock last year, has increased its dividend for 37 years investors don't seem to care: both $CVX & $XOM are trading at P/E ratios less than half that of the S&P 500 great piece from @CrowleyKev https://t.co/8E1syDNa0f https://t.co/OrnkMGzwrs
Big Oil is generating massive returns, but is struggling to compete in a stock market obsessed with Silicon Valley https://t.co/85lIbmatJV
hydrocarbons win the ESG wars ExxonMobil and Chevron notch second-biggest annual profits in decade $XOM $CVX https://t.co/h5WcUyGoXt