Better Buy: Devon Energy vs. Chevron
There are often many ways to invest in a single theme on Wall Street, and the energy sector is a great example of this fact. To highlight the extremes, a comparison of industry giant (NYSE: CVX) with Devon Energy (NYSE: DVN) is quite telling. That said, which one might be right for you can get a little complex. Here's a deeper dive.
Devon Energy is an upstream energy company, which means it is focused on producing oil and natural gas. Oil and natural gas are volatile commodities that are prone to dramatic and often swift price swings. Devon Energy's financial results can, and do, rise and fall in a volatile fashion, right along with the energy commodities it produces.
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Source Fool.com
Chevron Corp. Stock
€145.38
1.550%
The stock is an absolute favorite of our community with 26 Buy predictions and no Sell predictions.
As a result the target price of 179 € shows a positive potential of 23.13% compared to the current price of 145.38 € for Chevron Corp..
