BP (BP) vs Exxon Mobil (XOM): Which Oil Major is a Better Buy?

What happened: A comparison of BP p.l.c. (NYSE:BP) and Exxon Mobil Corporation (NYSE:XOM) after both reported earnings driven by high oil prices. BP closed at $46.25 on October 9 and XOM closed at $168.94. Key numbers: BP six month return -0.4%, XOM 10.8%. Why it matters: The content states the net margin and balance sheet gaps reflect refining and chemicals integration, Permian scale, and a cost base BP has failed to match. It says BP's forward multiple reflects a forecast that peak cycle earnings grow again, and that neither company set the price behind these earnings. Market: +3.8% by next close ($48.52 on Oct 13), +39.6% YTD

A comparison of BP p.l.c. (NYSE:BP) and Exxon Mobil Corporation (NYSE:XOM) after both reported earnings driven by high oil prices. BP closed at $46.25 on October 9 and XOM closed at $168.94.

The content states the net margin and balance sheet gaps reflect refining and chemicals integration, Permian scale, and a cost base BP has failed to match. It says BP's forward multiple reflects a forecast that peak cycle earnings grow again, and that neither company set the price behind these earnings. Market: +3.8% by next close ($48.52 on Oct 13), +39.6% YTD