Exxon Mobil (XOM +0.1%) and Chevron (CVX +1.2%) both posted Q4 earnings beats (I, II), but only CVX is getting some love today. XOM “needs multiple projects to offset declining production,” but it hasn’t announced substantial projects for some time, Edward Jones' Brian Youngberg says. At CVX, output is higher and "you see the potential for them to accelerate," plus it's more profitable on a per-barrel basis.
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