Analyze the following data - How sensitive is each stock to your assumptions on P/E and EPS?

Please explain.

CVX
If P/E is	If EPS is
	20% less	10% less	As Expected	10% More	20% More
20% less	26.715%	31.511%	35.980%	40.174%	44.130%
10% less	31.511%	36.519%	41.184%	45.559%	49.687%
As Expected	35.980%	41.184%	46.029%	50.573%	54.858%
10% more	40.174%	45.559%	50.573%	55.274%	59.706%
20% more	44.130%	49.687%	54.858%	59.706%	64.276%

XOM
If P/E is	If EPS is
	20% less	10% less	As Expected	10% More	20% More
20% less	14.277%	18.560%	22.554%	26.303%	29.843%
10% less	18.560%	23.035%	27.207%	31.121%	34.815%
As Expected	22.554%	27.207%	31.542%	35.609%	39.446%
10% more	26.303%	31.121%	35.609%	39.818%	43.788%
20% more	29.843%	34.815%	39.446%	43.788%	47.882%