Oil & Gas Integrated
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XOM vs CVX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
XOM vs CVX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Integrated | Oil & Gas Integrated |
| Market Cap | $656.38B | $384.42B |
| Revenue (TTM) | $323.90B | $184.43B |
| Net Income (TTM) | $28.84B | $12.30B |
| Gross Margin | 21.7% | 30.4% |
| Operating Margin | 10.5% | 9.0% |
| Forward P/E | 15.6x | 15.9x |
| Total Debt | $43.54B | $46.74B |
| Cash & Equiv. | $10.68B | $6.47B |
XOM vs CVX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Exxon Mobil Corpora… (XOM) | 100 | 340.6 | +240.6% |
| Chevron Corporation (CVX) | 100 | 210.1 | +110.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: XOM vs CVX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
XOM carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth -4.5%, EPS growth -14.5%, 3Y rev CAGR -6.7%
- Lower volatility, beta -0.15, Low D/E 16.3%, current ratio 1.15x
- -4.5% revenue growth vs CVX's -4.6%
CVX is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 8 yrs, beta -0.05, yield 3.6%
- 143.3% 10Y total return vs XOM's 115.7%
- Beta -0.05, yield 3.6%, current ratio 1.15x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -4.5% revenue growth vs CVX's -4.6% | |
| Value | Lower P/E (15.6x vs 15.9x) | |
| Quality / Margins | 8.9% margin vs CVX's 6.7% | |
| Stability / Safety | Lower D/E ratio (16.3% vs 24.3%) | |
| Dividends | 3.6% yield, 8-year raise streak, vs XOM's 2.6% | |
| Momentum (1Y) | +53.9% vs CVX's +47.3% | |
| Efficiency (ROA) | 6.4% ROA vs CVX's 4.2%, ROIC 8.6% vs 6.2% |
XOM vs CVX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
XOM vs CVX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
XOM leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
XOM is the larger business by revenue, generating $323.9B annually — 1.8x CVX's $184.4B. Profitability is closely matched — net margins range from 8.9% (XOM) to 6.7% (CVX). On growth, XOM holds the edge at -1.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $323.9B | $184.4B |
| EBITDAEarnings before interest/tax | $59.9B | $37.1B |
| Net IncomeAfter-tax profit | $28.8B | $12.3B |
| Free Cash FlowCash after capex | $23.6B | $16.2B |
| Gross MarginGross profit ÷ Revenue | +21.7% | +30.4% |
| Operating MarginEBIT ÷ Revenue | +10.5% | +9.0% |
| Net MarginNet income ÷ Revenue | +8.9% | +6.7% |
| FCF MarginFCF ÷ Revenue | +7.3% | +8.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -1.3% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -11.0% | -24.5% |
Valuation Metrics
Evenly matched — XOM and CVX each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 23.1x trailing earnings, XOM trades at a 20% valuation discount to CVX's 29.1x P/E. On an enterprise value basis, CVX's 11.4x EV/EBITDA is more attractive than XOM's 11.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $656.4B | $384.4B |
| Enterprise ValueMkt cap + debt − cash | $689.2B | $424.7B |
| Trailing P/EPrice ÷ TTM EPS | 23.12x | 29.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 15.64x | 15.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.50x | 11.44x |
| Price / SalesMarket cap ÷ Revenue | 2.03x | 2.08x |
| Price / BookPrice ÷ Book value/share | 2.50x | 1.86x |
| Price / FCFMarket cap ÷ FCF | 27.80x | 23.17x |
Profitability & Efficiency
XOM leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
XOM delivers a 10.7% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $7 for CVX. XOM carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to CVX's 0.24x. On the Piotroski fundamental quality scale (0–9), CVX scores 5/9 vs XOM's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.7% | +7.2% |
| ROA (TTM)Return on assets | +6.4% | +4.2% |
| ROICReturn on invested capital | +8.6% | +6.2% |
| ROCEReturn on capital employed | +8.9% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 |
| Debt / EquityFinancial leverage | 0.16x | 0.24x |
| Net DebtTotal debt minus cash | $32.9B | $40.3B |
| Cash & Equiv.Liquid assets | $10.7B | $6.5B |
| Total DebtShort + long-term debt | $43.5B | $46.7B |
| Interest CoverageEBIT ÷ Interest expense | 69.44x | 17.22x |
Total Returns (Dividends Reinvested)
XOM leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in XOM five years ago would be worth $28,473 today (with dividends reinvested), compared to $20,515 for CVX. Over the past 12 months, XOM leads with a +53.9% total return vs CVX's +47.3%. The 3-year compound annual growth rate (CAGR) favors XOM at 15.3% vs CVX's 9.8% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +27.1% | +24.7% |
| 1-Year ReturnPast 12 months | +53.9% | +47.3% |
| 3-Year ReturnCumulative with dividends | +53.2% | +32.5% |
| 5-Year ReturnCumulative with dividends | +184.7% | +105.2% |
| 10-Year ReturnCumulative with dividends | +115.7% | +143.3% |
| CAGR (3Y)Annualised 3-year return | +15.3% | +9.8% |
Risk & Volatility
Evenly matched — XOM and CVX each lead in 1 of 2 comparable metrics.
Risk & Volatility
XOM is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than CVX's -0.05 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.15x | -0.05x |
| 52-Week HighHighest price in past year | $176.41 | $214.71 |
| 52-Week LowLowest price in past year | $101.19 | $133.77 |
| % of 52W HighCurrent price vs 52-week peak | +87.8% | +89.7% |
| RSI (14)Momentum oscillator 0–100 | 51.2 | 52.4 |
| Avg Volume (50D)Average daily shares traded | 18.8M | 11.0M |
Analyst Outlook
Evenly matched — XOM and CVX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates XOM as "Hold" and CVX as "Buy". Consensus price targets imply 3.6% upside for XOM (target: $160) vs -0.9% for CVX (target: $191). For income investors, CVX offers the higher dividend yield at 3.57% vs XOM's 2.58%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $160.43 | $190.93 |
| # AnalystsCovering analysts | 55 | 53 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | +3.6% |
| Dividend StreakConsecutive years of raises | 26 | 8 |
| Dividend / ShareAnnual DPS | $4.00 | $6.87 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.1% | +3.1% |
XOM leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.
XOM vs CVX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is XOM or CVX a better buy right now?
For growth investors, Exxon Mobil Corporation (XOM) is the stronger pick with -4.
5% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). Exxon Mobil Corporation (XOM) offers the better valuation at 23. 1x trailing P/E (15. 6x forward), making it the more compelling value choice. Analysts rate Chevron Corporation (CVX) a "Buy" — based on 53 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — XOM or CVX?
On trailing P/E, Exxon Mobil Corporation (XOM) is the cheapest at 23.
1x versus Chevron Corporation at 29. 1x. On forward P/E, Exxon Mobil Corporation is actually cheaper at 15. 6x.
03Which is the better long-term investment — XOM or CVX?
Over the past 5 years, Exxon Mobil Corporation (XOM) delivered a total return of +184.
7%, compared to +105. 2% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CVX returned +143. 3% versus XOM's +115. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — XOM or CVX?
By beta (market sensitivity over 5 years), Exxon Mobil Corporation (XOM) is the lower-risk stock at -0.
15β versus Chevron Corporation's -0. 05β — meaning CVX is approximately -64% more volatile than XOM relative to the S&P 500. On balance sheet safety, Exxon Mobil Corporation (XOM) carries a lower debt/equity ratio of 16% versus 24% for Chevron Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — XOM or CVX?
By revenue growth (latest reported year), Exxon Mobil Corporation (XOM) is pulling ahead at -4.
5% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: Exxon Mobil Corporation grew EPS -14. 5% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, XOM leads at -6. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — XOM or CVX?
Exxon Mobil Corporation (XOM) is the more profitable company, earning 8.
9% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 8. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: XOM leads at 10. 5% versus 9. 0% for CVX. At the gross margin level — before operating expenses — CVX leads at 30. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is XOM or CVX more undervalued right now?
On forward earnings alone, Exxon Mobil Corporation (XOM) trades at 15.
6x forward P/E versus 15. 9x for Chevron Corporation — 0. 2x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for XOM: 3. 6% to $160. 43.
08Which pays a better dividend — XOM or CVX?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 3. 6%, versus 2. 6% for Exxon Mobil Corporation (XOM).
09Is XOM or CVX better for a retirement portfolio?
For long-horizon retirement investors, Exxon Mobil Corporation (XOM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
15), 2. 6% yield, +115. 7% 10Y return). Both have compounded well over 10 years (XOM: +115. 7%, CVX: +143. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between XOM and CVX?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: XOM is a large-cap quality compounder stock; CVX is a large-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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