Energy Stocks Still Cheap Despite Record Cash Flow - Chevron (NYSE:CVX), Vanguard Energy ETF (ARCA:VDE), State Street Energy Select Sector SPDR ETF (ARCA:XLE), Exxon Mobil (NYSE:XOM)

Energy companies are generating some of the strongest cash flows in the market — yet their valuations still reflect recession-level pessimism.The S&P 500 Energy sector currently trades at roughly 12.5x forward earnings, compared to about 21x for the broader S&P 500, according to FactSet data. At the same time, the sector is delivering superior cash returns. Yet, Exxon trades at a 20x forward earnings, and Chevron at roughly 24x, according to Benzinga Pro data.Despite this, energy remains one of the smallest ...