A Comparison of Exxon and Chevron - 1707 Words

Executive Summary Exxon and Chevron are no doubt some of the leading incorporated oil companies on the globe. Exxon Corp. is the second largest oil firm after Royal Dutch Shell, it is respected for getting the biggest revenue return in 2008 which no company in the U.S. have ever reported before. According to Wilson (2009) Chevron has managed to show a lot of profitability in the market despite the decease in its oil production. It graded as one of firms which made a billion dollars profit within a week in the period of July to September 2008. Regardless of profitability trends set by the two oil firms in the U.S. market, they have been facing financial decline like the rest of the companies in other industries. The two firms are like two sailing ships which are taking longer time to sink. In the last few years, the production capacity of Chevron and Exxon has decreased and their listings on the stock market have become weak. The continuation of construction and drilling which requires billions of doll ars in expense of oil production might make them experience a bigger financial crisis (Wilson, 2009). Exxon and Chevron are so different in a number of ways. When you compare Chevron to Exxon, Chevron is a smaller firm. The ratios of Exxon are relatively larger than Chevrons. Nevertheless, Chevron has a got a wide net working capital and market ratio than its counterpart Exxon. This therefore, means that because its larger networking capital, Chevron needs a lot of moneyShow MoreRelatedEssay on Exxon Mobil and Chevron Financial Performance2071 Words   |  9 Pagesexxon mobil and chevron Exxon Mobil and Chevron Financial Performance Understanding the key ratios of a company is very important for investors. Each ratio uncovers the inner workings of the company, and may lead an investor to make a decision on whether to invest in the company, or to continue looking elsewhere. 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