---
title: "能源股实际上比国债更具优势。以下是 Bob Brackett 为何大量投资于埃克森美孚和雪佛龙的原因"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/287017890.md"
description: "Bernstein 分析师 Bob Brackett 认为，能源股票，特别是埃克森美孚和雪佛龙，为收入投资者提供了比国债更好的价值。他建议将它们的收益率与 TIPS 进行比较，强调埃克森美孚的收益率为 2.56%，雪佛龙的收益率为 3.62%，而 TIPS 的实际收益率为 2.13%。这两家公司在 2020 年需求崩溃期间维持了股息，并致力于大规模回购，使它们在通胀上升的背景下成为有吸引力的投资"
datetime: "2026-05-20T06:43:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287017890.md)
  - [en](https://longbridge.com/en/news/287017890.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287017890.md)
---

# 能源股实际上比国债更具优势。以下是 Bob Brackett 为何大量投资于埃克森美孚和雪佛龙的原因

Bernstein analyst Bob Brackett has a reframe for income investors who keep dismissing energy stocks because the headline yield looks thin against the 10-year Treasury. On a recent episode of The Real Eisman Playbook, Brackett argued the comparison is the wrong one entirely. "Don't compare the yields you get from a commodity company to government yi...

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