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US oil majors Chevron and Exxon look strong; Occidental needs patience amid debt goals.

Analyst Insights
12 Jun 2026
24/7 Wall Street
View Source
Bullish
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Chevron and Exxon Mobil show strong financials and growth prospects with constructive valuations and rising production, supported by recent deals and cost savings. Chevron benefits from its Hess acquisition and Permian assets, while Exxon leverages its scale, Guyana projects, and LNG shipments. Occidental Petroleum, despite strong earnings and debt reduction efforts, trades at a high P/E and lower dividend yield, suggesting investors should wait for further debt reduction before becoming more confident. Market conditions and oil prices will influence future performance across these majors.

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