CNBC Pro

Goldman reiterates buy rating on Exxon following earnings, likes it better than Chevron

Share
A view of the Exxon Mobil refinery in Baytown, Texas.
Jessica Rinaldi | Reuters

Goldman reiterated its buy rating on shares of Exxon following the company's first-quarter earnings results, with the firm pointing to the oil giant's improving balance sheet.

Analysts also noted that improving commodities prices as well as a global economic recovery are supportive for Exxon.

More In Street Calls

CNBC ProWall Street analysts pick their top stocks as the chip shortage rages on
CNBC ProHere are Monday's biggest analyst calls of the day: Bumble, Harley-Davidson, Discovery & more
CNBC ProMorgan Stanley upgrades Trip.com, says China travel recovery can boost stock more than 30%