Better Buy: Exxon Mobil vs. BP
ExxonMobil (NYSE: XOM) and BP (NYSE: BP) are two of the world's largest integrated oil majors. Exxon stock offers investors a yield of around 4.6%, while BP provides income seekers a much more impressive 6.3%. That, however, isn't enough information to make a call between these two energy giants. Here's what you need to know to figure out if Exxon or BP is the better buy today.
BP, formerly known as British Petroleum, has a bit of a checkered past -- it was at the heart of the Deep Water Horizon oil spill in 2010. That disaster in the Gulf of Mexico had a major impact on the entire oil industry, and was a transformational event for BP. The company cut its dividend, materially reduced its scale, and charted a new course for its remaining oil and natural gas businesses. And to be fair, management has done a great job of turning things around.
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