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Oil Prices Are Soaring! Should Investors Buy ExxonMobil Stock or Chevron Stock to Capitalize?

With oil prices jumping, passive income investors might be considering ExxonMobil and Chevron stocks.

By Parkev Tatevosian, CFA – Apr 17, 2024 at 9:00AM EST

Fool.com contributor Parkev Tatevosian discusses the factors that move oil prices and compares ExxonMobil (XOM 0.15%) and Chevron (CVX 1.16%) as potential investments.

*Stock prices used were the afternoon prices of April 14, 2024. The video was published on April 16, 2024.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

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.

Stocks Mentioned

Chevron Stock Quote
Chevron
NYSE: CVX
$184.91
(-1.13%)-$2.11
ExxonMobil Stock Quote
ExxonMobil
NYSE: XOM
$149.01
(-0.15%)-$0.23

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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