Exxon vs. Chevron - Which Oil Giant Is a Buy for 2026?
ZACKS·2025-12-17 22:31

Key Takeaways XOM targets 25Bearningsgrowthby2030withoutraisingcapex,ledbyGuyana,PermianandLNGassets.CVXplans2026capexof25B earnings growth by 2030 without raising capex, led by Guyana, Permian and LNG assets.CVX plans 2026 capex of 18-$19B, favoring capital discipline and sustaining returns in weak price cycles.XOM trades at 16X forward earnings vs. CVX at 20X, reflecting differences in growth outlook.ExxonMobil (XOM) and Chevron (CVX) remain two of the most influential integrated oil majors, but 2025 has been a mixed year for both stocks. Year to date, ExxonMobil shares are up about 6.6% while C ...