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With oil prices jumping, passive income investors might be considering ExxonMobil and Chevron stocks.
Fool.com contributor Parkev Tatevosian discusses the factors that move oil prices and compares ExxonMobil (XOM 1.54%) and Chevron (CVX 1.98%) as potential investments.
*Stock prices used were the afternoon prices of April 14, 2024. The video was published on April 16, 2024.
Parkev Tatevosian, CFA has positions in ExxonMobil. The Motley Fool has positions in and recommends Chevron. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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