This Analyst Now Favors Chevron Shares Over Exxon

Chevron’s cash at hand, Permian Basin assets and related growth opportunities are leading analysts to think the company is a better bet than Exxon Mobil, according to the investment banking company Jefferies. In the past, Jefferies analysts have preferred Exxon over Chevron for the purposes of estate planning and portfolio management, but at the close of February, the firm preferred the later instead. Both American companies are included in the S&P 500 – a benchmark index that has been up around six percent since the beginning of…