Chevron vs ExxonMobil: Which Oil Giant Tops as Retiree Income Pick

The choice between Chevron (CVX) and ExxonMobil (XOM) is a crucial one for retirees seeking oil income.

Both are Dividend Aristocrats, but they differ in their yields, dividend streaks, and valuations. Chevron pays out more today with a 3.45% yield compared to Exxon's 2.55%, but Exxon boasts a longer record of annual dividend growth at 43 consecutive years versus Chevron's 39.

XOM trades at a P/E of 23 and has a fortress balance sheet, while CVX trades at a P/E of 32 with higher leverage after the Hess deal. Exxon also outperforms in valuation metrics such as earnings yield and return on equity.