Shares of both companies have risen over the past year, despite U.S. oil prices ending 2025 down 20% a barrel.

ExxonMobil is up 18 per cent in January and Chevron higher by 16 per cent, the best monthly performance for both companies since October 2022. The robust moves come alongside an upswing in oil prices and a broader rally that has made energy stocks the top-performing sector in the S&P 500 Index so far this year.

ExxonMobil and Chevron said Friday that they were awaiting signs of greater fiscal and legal stability in Venezuela before significantly shifting their approach to the oil-rich country.

If you are looking for reliable income stocks, these two energy giants stand head and shoulders above the rest.

ExxonMobil CEO Darren Woods in a CNBC interview stood by comments on Venezuela's oil industry that angered President Donald Trump.

Exxon Mobile and Chevron posted their lowest annual profits since 2021 in their earnings reports on Friday, a sign that now is not really a time when big oil is looking to make any kinds of sizeable investments in new oil production.

Analysts expect Chevron to report earnings of $1.44 per share, down 30.1% year-over-year, on revenue of $46.66 billion, a 10.7% decline from the same period last year. The company has seen 5 upward EPS revisions versus 12 downward revisions in the past 3 months. Revenue estimates have seen 4 upward revisions and 3 downward.

The CEOs of both Exxon and Chevron said their companies are uniquely positioned to take advantage of Venezuelan investments — as long as policy and economic changes are made.

The two U.S. integrated giants reported quarterly earnings with Venezuela in focus.

Exxon Mobil Corporation (NYSE:XOM) is included among the 12 Best Stocks to Buy for the Long Term. On January 28, BofA lifted its price target on Exxon Mobil Corporation (NYSE:XOM) to $135 from $129 while maintaining a Neutral rating.