What are the risks associated with TotalEnergies?

Its diversified operations in refining and chemicals may increase earnings volatility, and its exposure to European markets adds additional risks.

Does Zacks recommend buying Chevron?

The analysis does not give a definitive recommendation but suggests Chevron is relatively better for long-term investors.

CVX vs. TTE: Which Energy Giant Deserves a Place in Your Portfolio?

Zacks analysis favors Chevron (CVX) over TotalEnergies (TTE) for long-term investors, citing Chevron's premium assets, strong balance sheet, and steadier earnings outlook.

July 17, 2026

2 min read

Source: Zacks

A Zacks analysis concludes that Chevron (NYSE: CVX) holds a slight advantage over TotalEnergies (NYSE: TTE) for long-term investors, driven by its premium assets, robust balance sheet, and more stable earnings outlook.

Analyst's Rationale

The analysis focuses on three key factors:

Premium Assets: Chevron's high-quality upstream portfolio, particularly in the Permian Basin, provides a competitive edge.
Strong Balance Sheet: Chevron's solid balance sheet with healthy free cash flow offers financial flexibility.
Earnings Stability: Chevron's earnings exhibit lower volatility compared to TotalEnergies, making it more attractive for stability-seeking investors.

Context

In contrast, TotalEnergies faces challenges from its diversified operations, including refining and chemicals, which may increase earnings volatility. Its greater exposure to European markets also adds potential risks.

What to Make of It

While Chevron appears to have an edge in some areas, investors should consider their own objectives and risk tolerance. TotalEnergies may suit those seeking greater geographic diversification, while Chevron offers relative earnings stability.

Frequently Asked Questions

Due to Chevron's premium assets, strong balance sheet, and more stable earnings outlook.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.