---
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...

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