- Chevron (CVX -0.1%) is the best strategically positioned integrated oil company following the collapse in oil prices in 2014, Jefferies analysts say, also ranking Royal Dutch Shell (RDS.A, RDS.B) among its preferred names.
- The firm likes CVX because of to its "leading upstream production growth, resilient downstream and strong balance sheet."
- Conversely, Repsol (OTCQX:REPYF, OTCQX:REPYY) faces the most challenges because of "a lack of production growth, low upstream margins, low free cash generation and low cash returns to shareholders."