Two Overlooked Energy Giants

NEW YORK (TheStreet) -- Perhaps it's because these two companies look too good to be true. Or perhaps they're not sexy enough.

All I know is that when you look at their key financial statistics, including their well-funded dividends, it's difficult to not drool.

There's been a lot of talk lately that the demand for their products are falling, and no doubt the price of both natural gas and oil have taken quite a beating this year.

But as long there are machines and vehicles that need fuel, and homes that need heating and air conditioning, these two behemoths in the energy universe will continue to thrive.

Which two energy stocks do I mean? Chevron(CVX/) and Exxon Mobil(XOM/) .

Chevron, with its impressive upstream and downstream operations, has emerged as the preeminent major integrated oil and gas company.

The upstream division is involved in the exploration, development, and production of crude oil and natural gas.

It is actively pursuing the liquefaction, transportation, and re-gasification associated with liquefied natural gas, which should help contribute to CVX's earnings in the years to come. It makes money and save money through its own system of pipelines for the transportation of crude oil.

As one of the big players in the natural gas market, the company processes, transports, stores and markets natural gas, as well as has an ongoing interest in a gas-to-liquids natural gas project.

Chevron's downstream segment engages in refining crude oil into petroleum products mainly under the Chevron, Texaco, and Caltex brand names.

It surprises many an investor when they look "under the hood" and the diversity of ways that CVX makes a profit.

From transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car to manufacturing and marketing commodity petrochemicals, plastics for industrial uses, and additives for fuel and lubricant additives, CVX has a meaningful presence.

The company is also involved in coal and molybdenum mining operations; cash management and debt financing activities; insurance operations; real estate activities; energy services, alternative fuels and technology businesses.

In that's not enough CVX manages interests in 13 power plants with a total operating capacity of approximately 3,100 megawatts.

Investors would do well to study their website at Chevron.com to become familiar with the scope of Chevron's businesses. It's quite impressive.