Chevron or Exxon: Which Oil Major Better Captures the Current Crude Rally?
Rising crude prices have improved the near-term outlook for major oil producers, but Chevron currently presents a clearer route for shareholders to benefit. West Texas Intermediate (WTI) trades at $92.33 and is up sharply year over year. On a valuation and income basis Chevron offers greater modeled upside and a higher yield, while Exxon remains th…