<p>在过去一个月中，美国和伊朗达成了停火协议，布伦特原油价格已降至每桶约 70 美元。对于希望增加能源股票的投资者来说，近期石油股票的抛售提供了一个机会。</p>
<p>在 石油领域 中，两大顶尖公司是 <strong>埃克森美孚</strong>（XOM +3.80%）和 <strong>雪佛龙</strong>（CVX +3.52%），这两家公司都在进行投资以推动增长，同时有效管理资本支出（capex）。以下是目前哪个更适合在 2030 年购买。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY0MTkvb2lsLWZpZWxkLXdvcmtlci1wb2ludGluZy10by1vcGVyYXRpbmctcHVtcGphY2stZ2V0dHkuanBnJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY0MTkvb2lsLWZpZWxkLXdvcmtlci1wb2ludGluZy10by1vcGVyYXRpbmctcHVtcGphY2stZ2V0dHkuanBnJnc9Mzg0MA"/></p>
<p>图片来源：Getty Images。</p>
<h2>这两家综合性石油巨头有共同点</h2>
<p>埃克森美孚和雪佛龙是美国超级大公司，作为综合性石油和天然气公司，涵盖整个价值链。这些公司从事上游勘探和生产、中游物流以及下游炼油和营销。</p>
<p>它们还保持严格的资本纪律，其商业模式使它们能够在石油和天然气市场的周期性波动中稳步增长。这种资本灵活性是这些公司持续增加年度股息支付的主要原因——埃克森美孚连续 43 年 和 雪佛龙连续 39 年。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1hPTS5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="埃克森美孚股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1hPTS5wbmcmdz0xMjg"/></p>
<h2>NYSE: XOM</h2>
<p>埃克森美孚</p>
<p>今日变动</p>
<p>(3.80%) $5.18</p>
<p>当前价格</p>
<p>$141.62</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$587B 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
<p>日内区间</p>
<p>$138.31 - $141.74</p>
<p>52 周区间</p>
<p>$105.53 - $176.41</p>
<p>成交量</p>
<p>28K</p>
<p>平均成交量</p>
<p>17.8M</p>
<p>毛利率</p>
<p>20.92%</p>
<p>股息收益率</p>
<p>2.88%</p>
<h2>比较埃克森美孚和雪佛龙</h2>
<p>埃克森美孚的运营规模庞大，特别是在 2024 年以 600 亿美元收购先锋自然资源后。这一举措使埃克森美孚在资源丰富的二叠纪盆地拥有了 140 万净英亩的巨大足迹，并利用 “立方体开发” 大幅降低成本。</p>
<p>因此，埃克森美孚今年在二叠纪盆地的目标生产成本为 $35 每桶，到 2030 年降至每桶 30 美元。此外，二叠纪页岩是一种 “短周期” 资产，这意味着可以在几个月内钻井并投入生产，而不是几年，从而使埃克森美孚能够在油价高企时迅速提高产量。</p>
<p>雪佛龙在二叠纪也是一个主要参与者，在该地区拥有 220 万英亩的土地。虽然它的土地面积超过埃克森美孚，但雪佛龙的日产油当量（BOE/d）约为 100 万桶，而埃克森美孚为 160 万桶。雪佛龙故意限制了在该地区的增长，将资本投资于其他项目，同时大幅减少在二叠纪的资本支出。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NWWC5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="雪佛龙股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NWWC5wbmcmdz0xMjg"/></p>
<h2>NYSE: CVX</h2>
<p>雪佛龙</p>
<p>今日变动</p>
<p>(3.52%) $5.91</p>
<p>当前价格</p>
<p>$174.01</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$347B 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
<p>日内区间</p>
<p>$170.00 - $174.61</p>
<p>52 周区间</p>
<p>$146.49 - $214.71</p>
<p>成交量</p>
<p>115.2K</p>
<p>平均成交量</p>
<p>10.1M</p>
<p>毛利率</p>
<p>15.15%</p>
<p>股息收益率</p>
<p>4.01%</p>
<h2>展望 2030 年</h2>
<p>埃克森美孚和雪佛龙为投资者制定了长期目标。预计埃克森美孚的产量将增加到 550 万 BOE/d，主要受益于二叠纪、圭亚那和液化天然气的资产，并计划到 2030 年实现 250 亿美元的收益增长和 350 亿美元的现金流增长。</p>
<p>雪佛龙则专注于加速现金流并保持严格的成本纪律。该公司预计在油价为每桶 70 美元的情况下，到 2030 年调整后的自由现金流和每股收益将实现 10% 的年增长。它还将年度资本支出指导下调至 180 亿至 210 亿美元，并计划在此期间回购 100 亿至 200 亿美元的股票。</p>
<p>如果您考虑在近期石油和天然气股票的下跌中投资，埃克森美孚和雪佛龙是两个值得购买的顶级股票，特别是如果您希望通过股息获得被动收入。埃克森美孚的扩张更为激进，而雪佛龙则专注于更有纪律的增长。如果您对长期油价持乐观态度，埃克森美孚的增长战略和庞大足迹使其成为目前最值得购买的股票。</p>

雪佛龙

埃克森美孚

XOMX

XOMZ

XOMO

美国 WTI 原油 ETF

美国布伦特原油期货基金

2 倍做多彭博原油 ETF - ProShares

<p>在油价下跌的背景下，埃克森美孚和雪佛龙为 2030 年提供了不同的投资案例。埃克森美孚通过收购 Pioneer 追求激进的增长，目标是在二叠纪盆地和圭亚那降低生产成本并提高产量。相反，雪佛龙强调资本纪律，限制二叠纪的增长，以专注于现金流加速和股票回购。虽然两者都提供强劲的股息，但埃克森的扩张战略被认为对长期看涨的投资者更具优势</p>

<p>Over the last month, the U.S. and Iran have agreed to a ceasefire, and Brent crude oil prices have fallen to around $70 per barrel. For investors looking to add energy stocks, the recent sell-off in oil stocks presents an opportunity.</p>
<div class="lb-trans"><p>在过去一个月中，美国和伊朗达成了停火协议，布伦特原油价格已降至每桶约 70 美元。对于希望增加能源股票的投资者来说，近期石油股票的抛售提供了一个机会。</p>
</div><p>Two top players in the oil space are <strong>ExxonMobil</strong>( XOM +3.80%) and <strong>Chevron</strong>( CVX +3.52%), both of which are making investments to drive growth while effectively managing capital expenditures (capex). Here's which one stands out as a better buy for 2030 right now.</p>
<div class="lb-trans"><p>在 石油领域 中，两大顶尖公司是 <strong>埃克森美孚</strong>（XOM +3.80%）和 <strong>雪佛龙</strong>（CVX +3.52%），这两家公司都在进行投资以推动增长，同时有效管理资本支出（capex）。以下是目前哪个更适合在 2030 年购买。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzY0MTkvb2lsLWZpZWxkLXdvcmtlci1wb2ludGluZy10by1vcGVyYXRpbmctcHVtcGphY2stZ2V0dHkuanBnJnc9Mzg0MA" alt="An oilfield worker points to a pumpjack against the backdrop of a setting sun on the horizon." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876419%2Foil-field-worker-pointing-to-operating-pumpjack-getty.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>The two integrated oil giants have this in common</h2>
<div class="lb-trans"><h2>这两家综合性石油巨头有共同点</h2>
</div><p>ExxonMobil and Chevron are American supermajors, operating as integrated oil and gas companies that span the entire value chain. These companies engage in upstream exploration and production, midstream logistics, and downstream refining and marketing.</p>
<div class="lb-trans"><p>埃克森美孚和雪佛龙是美国超级大公司，作为综合性石油和天然气公司，涵盖整个价值链。这些公司从事上游勘探和生产、中游物流以及下游炼油和营销。</p>
</div><p>They also maintain strict capital discipline, and their business models enable them to grow steadily over time despite the cyclical nature of oil and gas markets. This capital flexibility is a major reason why the companies have consistently grown their annual dividend payouts -- ExxonMobil for 43 consecutive years and Chevron for 39 consecutive years.</p>
<div class="lb-trans"><p>它们还保持严格的资本纪律，其商业模式使它们能够在石油和天然气市场的周期性波动中稳步增长。这种资本灵活性是这些公司持续增加年度股息支付的主要原因——埃克森美孚连续 43 年 和 雪佛龙连续 39 年。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL1hPTS5wbmcmdz0xMjg" alt="ExxonMobil Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FXOM.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: XOM</h2>
<div class="lb-trans"><h2>NYSE: XOM</h2>
</div><p>ExxonMobil</p>
<div class="lb-trans"><p>埃克森美孚</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(3.80%) $5.18</p>
<div class="lb-trans"><p>(3.80%) $5.18</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$141.62</p>
<div class="lb-trans"><p>$141.62</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$587BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$587B 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$138.31 - $141.74</p>
<div class="lb-trans"><p>$138.31 - $141.74</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$105.53 - $176.41</p>
<div class="lb-trans"><p>$105.53 - $176.41</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>28K</p>
<div class="lb-trans"><p>28K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>17.8M</p>
<div class="lb-trans"><p>17.8M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>20.92%</p>
<div class="lb-trans"><p>20.92%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>2.88%</p>
<div class="lb-trans"><p>2.88%</p>
</div><h2>Comparing ExxonMobil and Chevron</h2>
<div class="lb-trans"><h2>比较埃克森美孚和雪佛龙</h2>
</div><p>ExxonMobil operates on a massive scale, especially since its 2024 acquisition of Pioneer Natural Resources for $60 billion. The move gave ExxonMobil a huge footprint in the resource-rich Permian Basin with 1.4 million net acres, where it has leveraged &#34;cube development&#34; to drastically reduce costs.</p>
<div class="lb-trans"><p>埃克森美孚的运营规模庞大，特别是在 2024 年以 600 亿美元收购先锋自然资源后。这一举措使埃克森美孚在资源丰富的二叠纪盆地拥有了 140 万净英亩的巨大足迹，并利用 “立方体开发” 大幅降低成本。</p>
</div><p>As a result, ExxonMobil targets a production cost of $35 per barrel in the Permian Basin this year and $30 per barrel by 2030. In addition, Permian shale is a &#34;short-cycle&#34; asset, meaning a well can be drilled and brought online in months, not years, allowing ExxonMobil to quickly ramp up production when oil prices are high.</p>
<div class="lb-trans"><p>因此，埃克森美孚今年在二叠纪盆地的目标生产成本为 $35 每桶，到 2030 年降至每桶 30 美元。此外，二叠纪页岩是一种 “短周期” 资产，这意味着可以在几个月内钻井并投入生产，而不是几年，从而使埃克森美孚能够在油价高企时迅速提高产量。</p>
</div><p>Chevron is also a major player in the Permian, holding 2.2 million gross acres in the region. While it has more acreage than ExxonMobil, Chevron produces roughly 1 million barrels of oil equivalent per day (BOE/d), compared with Exxon's 1.6 million BOE/d. Chevron has intentionally capped its growth in the region, investing capital in other projects while significantly reducing capital expenditures in the Permian.</p>
<div class="lb-trans"><p>雪佛龙在二叠纪也是一个主要参与者，在该地区拥有 220 万英亩的土地。虽然它的土地面积超过埃克森美孚，但雪佛龙的日产油当量（BOE/d）约为 100 万桶，而埃克森美孚为 160 万桶。雪佛龙故意限制了在该地区的增长，将资本投资于其他项目，同时大幅减少在二叠纪的资本支出。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NWWC5wbmcmdz0xMjg" alt="Chevron Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCVX.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: CVX</h2>
<div class="lb-trans"><h2>NYSE: CVX</h2>
</div><p>Chevron</p>
<div class="lb-trans"><p>雪佛龙</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(3.52%) $5.91</p>
<div class="lb-trans"><p>(3.52%) $5.91</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$174.01</p>
<div class="lb-trans"><p>$174.01</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$347BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$347B 市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。市值仅计算公开交易的流通股，不包括未上市、私有或双重类别的非交易股份。隐含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$170.00 - $174.61</p>
<div class="lb-trans"><p>$170.00 - $174.61</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$146.49 - $214.71</p>
<div class="lb-trans"><p>$146.49 - $214.71</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>115.2K</p>
<div class="lb-trans"><p>115.2K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>10.1M</p>
<div class="lb-trans"><p>10.1M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>15.15%</p>
<div class="lb-trans"><p>15.15%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>4.01%</p>
<div class="lb-trans"><p>4.01%</p>
</div><h2>Looking ahead to 2030</h2>
<div class="lb-trans"><h2>展望 2030 年</h2>
</div><p>ExxonMobil and Chevron have outlined longer-term goals for their investors. Exxon production is expected to increase to 5.5 million BOE/d, driven by assets in the Permian, Guyana, and LNG, and it aims to deliver $25 billion in earnings growth and $35 billion in cash flow growth by 2030.</p>
<div class="lb-trans"><p>埃克森美孚和雪佛龙为投资者制定了长期目标。预计埃克森美孚的产量将增加到 550 万 BOE/d，主要受益于二叠纪、圭亚那和液化天然气的资产，并计划到 2030 年实现 250 亿美元的收益增长和 350 亿美元的现金流增长。</p>
</div><p>Chevron is focusing on accelerating cash flows and maintaining strict cost discipline. The company projects 10% annual growth in adjusted free cash flow and earnings per share by 2030, assuming an oil price of $70 per barrel. It also lowered its annual capex guidance to $18 billion to $21 billion and plans to repurchase between $10 billion and $20 billion of stock during that period.</p>
<div class="lb-trans"><p>雪佛龙则专注于加速现金流并保持严格的成本纪律。该公司预计在油价为每桶 70 美元的情况下，到 2030 年调整后的自由现金流和每股收益将实现 10% 的年增长。它还将年度资本支出指导下调至 180 亿至 210 亿美元，并计划在此期间回购 100 亿至 200 亿美元的股票。</p>
</div><p>If you're considering investing in the recent dip in oil and gas stocks, ExxonMobil and Chevron are two top stocks to buy, especially if you are looking for passive income through dividends. ExxonMobil is expanding more aggressively, while Chevron is focusing on more disciplined growth. If you're bullish on oil prices long term, ExxonMobil's growth strategy and massive footprint make it the top stock to buy right now.</p>
<div class="lb-trans"><p>如果您考虑在近期石油和天然气股票的下跌中投资，埃克森美孚和雪佛龙是两个值得购买的顶级股票，特别是如果您希望通过股息获得被动收入。埃克森美孚的扩张更为激进，而雪佛龙则专注于更有纪律的增长。如果您对长期油价持乐观态度，埃克森美孚的增长战略和庞大足迹使其成为目前最值得购买的股票。</p>
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Big Oil Battle Royale: Is ExxonMobil or Chevron the Better Buy for 2030 Right Now?

- 美国与伊朗达成停火，布伦特原油价格降至每桶约 70 美元。  
- 埃克森美孚和雪佛龙，作为主要能源股，均在扩张和资本管理上表现出色。  
- 对于 2030 年，埃克森美孚的增长潜力更被看好，特别在原油价格上升时。

大石油之战：埃克森美孚和雪佛龙，哪一个是目前来看 2030 年的更佳投资选择？