Why did Exxon outperform Enterprise Products last year?

Due to higher oil prices earlier, which boosted upstream profits. But with falling prices, the equation may shift.

Is the midstream sector safer than upstream?

Generally, midstream is less volatile due to long-term contracts and stable revenues, but may offer lower returns during upturns.

What factors will determine future performance of both stocks?

Crude oil prices, global demand, OPEC+ decisions, and quarterly earnings.

ExxonMobil vs. Enterprise Products: Which Energy Stock Wins?

Exxon Mobil outperformed Enterprise Products over the past year, but softer oil prices and midstream resilience will determine which energy stock has higher potential.

June 26, 2026

2 min read

Source: Zacks

According to a report from Zacks, Exxon Mobil (XOM) has outpaced Enterprise Products (EPD) over the past year. However, softer oil prices and the resilience of the midstream sector will determine which energy stock has the higher potential.

Details

Exxon Mobil's stock has shown stronger performance compared to Enterprise Products in the last 12 months. However, declining crude oil prices put pressure on upstream companies like Exxon, while midstream companies like Enterprise Products benefit from long-term contracts and relatively stable revenues.

Context

Oil prices are influenced by global demand and OPEC+ decisions. In contrast, the midstream sector relies on fixed fees regardless of commodity price fluctuations, providing greater resilience.

What This Means for Investors

Investors need to assess their risk tolerance: Exxon Mobil may offer higher returns in a high-oil-price environment but is more sensitive to downturns. Enterprise Products may provide more stability with lower returns. Monitoring oil price trends and both companies' earnings in upcoming quarters is recommended.

Frequently Asked Questions

Exxon Mobil is an upstream company (exploration and production), while Enterprise Products is a midstream company (transportation and storage). The former is directly affected by oil prices, the latter relies on fixed fees.

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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.