In a comparison of third-quarter earnings, which oil and gas giant had better results, Chevron or ExxonMobil? Both announced Friday that their quarterly earnings increased by around 50% thanks to higher oil prices. But ExxonMobil appears to have won out over Chevron by beating analyst expectations -- and presenting a cleaner quarter overall. Jefferies analysts Jason Gammel and Marc Kofler in London have ExxonMobil at a hold rating with a price target of $84 per share. ExxonMobil won another Brazilian block on Friday as part of a consortium with Statoil of Norway and Galp's Petrogal of Portugal on Friday, outbidding rival Royal Dutch Shell.
Source: Forbes October 28, 2017 16:18 UTC