Exxon Mobil Corp. and Chevron Corp. both reported mixed first-quarter results, but for analysts at Barclays there’s one clear winner to pick between the two oil majors. It all comes down to a “structural deterioration” in Exxon’s project portfolio, making Chevron’s stock a clear favorite, said the analysts, led by Paul Cheng. Exxon (XOM) and Chevron (CVX) reported first-quarter earnings last week, with Exxon missing Wall Street per-share expectations while Chevron missed sales forecasts. …read more
Source:: Yahoo Finance
