---
title: "能源股實際上比國債更具優勢。以下是 Bob Brackett 為何大量投資於埃克森美孚和雪佛龍的原因"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/287017890.md"
description: "Bernstein 分析師 Bob Brackett 認為，能源股票，特別是埃克森美孚和雪佛龍，為收入投資者提供了比國債更好的價值。他建議將它們的收益率與 TIPS 進行比較，強調埃克森美孚的收益率為 2.56%，雪佛龍的收益率為 3.62%，而 TIPS 的實際收益率為 2.13%。這兩家公司在 2020 年需求崩潰期間維持了股息，並致力於大規模回購，使它們在通脹上升的背景下成為有吸引力的投資"
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)
---

# 能源股實際上比國債更具優勢。以下是 Bob Brackett 為何大量投資於埃克森美孚和雪佛龍的原因

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...

### 相關股票

- [XOM.US](https://longbridge.com/zh-HK/quote/XOM.US.md)
- [CVX.US](https://longbridge.com/zh-HK/quote/CVX.US.md)
- [XOMX.US](https://longbridge.com/zh-HK/quote/XOMX.US.md)
- [ERX.US](https://longbridge.com/zh-HK/quote/ERX.US.md)
- [AB.US](https://longbridge.com/zh-HK/quote/AB.US.md)

## 相關資訊與研究

- [知名分析師：油價大漲週期才開始 建議佈局這七家能源公司](https://longbridge.com/zh-HK/news/287039120.md)
- [埃克森美孚昔日高額股息如今大幅縮水，改善方案來了](https://longbridge.com/zh-HK/news/286595529.md)
- [美中稀土政策不確定性加劇市場動盪，科技與能源股迎來變動新局](https://longbridge.com/zh-HK/news/286718447.md)
- [《神州債市》4 月外資減持 700 億元中國銀行間債券，連續第 12 個月減持](https://longbridge.com/zh-HK/news/286751916.md)
- [市場暫時鬆了口氣，日本超長期國債拍賣意外走強，收益率應聲驟降逾 10 基點](https://longbridge.com/zh-HK/news/287011293.md)