EQNR - If You Like ExxonMobil Then You'll Love These 2 High-Yield Energy Majors
2024-04-05 07:35:00 ET
ExxonMobil (NYSE: XOM) is outperforming the S&P 500 and the energy sector so far this year. Brent crude oil prices (the international benchmark) are up 10.9% year to date. So, you may think that other energy majors would be keeping pace with Exxon, but this hasn't been the case.
Chevron (NYSE: CVX) and Norwegian giant Equinor (NYSE: EQNR) are underperforming the S&P 500. Here's why Exxon, as well as these two high-yield energy majors, are worth a closer look, and why Chevron and Equinor could be even better passive income plays than Exxon right now.
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If You Like ExxonMobil, Then You'll Love These 2 High-Yield Energy Majors