The Supermajor vs. the Shale Specialist: Is ExxonMobil or Devon Energy the Better Buy at $100 Oil?

Impact · against what's priced in

The article provides no new catalysts for XOM or DVN; it merely describes their known business models and current market positioning. The highlight of DVN's sensitivity to high oil prices is already fully reflected in a price that accounts for its current free cash flow margins and cyclical risks.

DVN+0.00

Already priced in

The price assumes

The price fully reflects the current 16.3% free cash flow margin on existing operations.