Chevron’s solid balance sheet and integrated business secure its dividend, while Diamondback Energy offers upside potential with higher oil prices. The decision on which stock to choose depends on individual risk profiles, with Chevron favored by income-seeking investors. Chevron’s break-even price for oil is around $30 per barrel, compared to Diamondback’s $37 per barrel. Diamondback has more exposure to higher oil prices and utilizes hedging for downside protection. Ultimately, both stocks are attractive for passive income investors, with Chevron favored by those seeking stability and Diamondback offering potential for growth.

Read more at Nasdaq: Better Energy Stock: Diamondback Energy vs. Chevron