Is ExxonMobil a better buy compared to Chevron which is already fully priced


Motiur Rahman

May 10, 2022

Both Exxon Mobil and Chevron Corporation are attractive as energy stocks continue defying the recession.

Chevron is trading at the resistance level of $170 and is unlikely to break out.

ExxonMobil still has room to grow and is safe to hold in a recession.

Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) have been bullish since February. Chevron is trading at $162, while Exxon Mobil is trading at $85.56. Since the energy sector continues to gain against the recession, both stocks are recommended. Exxon Mobil, however, is a better buy.

ExxonMobil is trading at a PE of 9.03 and a PEG of 0.44. The dividend yield is 3.84%. Zacks research identifies Exxon Mobil as a strong value and growth stock with A-rating. On momentum, the stock has a B-rating.

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Focusing on Chevron Corporation, the PE is 9.94, with the PEG at 0.86. The dividend yield is 3.33%. The stock is A-rated on growth with B-rating on both value and momentum.

Chevron provided higher returns but it is fully priced

Source – TradingView

Chevron faces resistance at $170. The stock is trading at an RSI of 60 with the potential for downward momentum. Unless there is major oil-market development to support further gains, Chevron is likely to remain below $170.

Exxon Mobil also remains bullish. This week, however, the stock shed 6.59% under the recessionary pressure. At the price of $85, the RSI is 60.30. Though the RSI points to declining momentum, our analysis shows that the stock is likely to gain. The stock momentum would point towards a new high between $90 and $100.


Chevron Corporation appears to be fully priced, while Exxon Mobil is not. Considering the recessionary pressures, Exxon Mobil is a better stock to hold. Exxon Mobil has more growth potential while Chevron Corporation is fully priced.

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