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Stock Comparison

CNQ vs XOM vs CVX vs COP

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
CNQ
Canadian Natural Resources Limited

Oil & Gas Exploration & Production

EnergyNYSE • CA
Market Cap$93.39B
5Y Perf.+394.7%
XOM
Exxon Mobil Corporation

Oil & Gas Integrated

EnergyNYSE • US
Market Cap$620.85B
5Y Perf.+222.2%
CVX
Chevron Corporation

Oil & Gas Integrated

EnergyNYSE • US
Market Cap$364.18B
5Y Perf.+99.0%
COP
ConocoPhillips

Oil & Gas Exploration & Production

EnergyNYSE • US
Market Cap$140.02B
5Y Perf.+172.4%

CNQ vs XOM vs CVX vs COP — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
CNQ logoCNQ
XOM logoXOM
CVX logoCVX
COP logoCOP
IndustryOil & Gas Exploration & ProductionOil & Gas IntegratedOil & Gas IntegratedOil & Gas Exploration & Production
Market Cap$93.39B$620.85B$364.18B$140.02B
Revenue (TTM)$41.50B$323.90B$184.43B$58.31B
Net Income (TTM)$10.82B$28.84B$12.30B$7.32B
Gross Margin30.1%21.7%30.4%29.2%
Operating Margin27.8%10.5%9.0%18.3%
Forward P/E8.0x14.8x15.0x13.3x
Total Debt$19.71B$43.54B$46.74B$23.44B
Cash & Equiv.$672M$10.68B$6.47B$6.50B

CNQ vs XOM vs CVX vs COPLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

CNQ
XOM
CVX
COP
StockMay 20May 26Return
Canadian Natural Re… (CNQ)100494.7+394.7%
Exxon Mobil Corpora… (XOM)100322.2+222.2%
Chevron Corporation (CVX)100199.0+99.0%
ConocoPhillips (COP)100272.4+172.4%

Price return only. Dividends and distributions are not included.

Quick Verdict: CNQ vs XOM vs CVX vs COP

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: CNQ leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Exxon Mobil Corporation is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
CNQ
Canadian Natural Resources Limited
The Income Pick

CNQ carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 2 yrs, beta -0.02, yield 3.8%
  • Rev growth 8.6%, EPS growth 81.1%, 3Y rev CAGR -7.9%
  • 302.8% 10Y total return vs COP's 233.4%
  • 8.6% revenue growth vs CVX's -4.6%
Best for: income & stability and growth exposure
XOM
Exxon Mobil Corporation
The Defensive Pick

XOM is the #2 pick in this set and the best alternative if sleep-well-at-night is your priority.

  • Lower volatility, beta -0.15, Low D/E 16.3%, current ratio 1.15x
  • Lower D/E ratio (16.3% vs 44.5%)
Best for: sleep-well-at-night
CVX
Chevron Corporation
The Defensive Pick

CVX is the clearest fit if your priority is defensive.

  • Beta -0.05, yield 3.8%, current ratio 1.15x
Best for: defensive
COP
ConocoPhillips
The Income Angle

COP lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: energy exposure
See the full category breakdown
CategoryWinnerWhy
GrowthCNQ logoCNQ8.6% revenue growth vs CVX's -4.6%
ValueCNQ logoCNQLower P/E (8.0x vs 15.0x)
Quality / MarginsCNQ logoCNQ26.1% margin vs CVX's 6.7%
Stability / SafetyXOM logoXOMLower D/E ratio (16.3% vs 44.5%)
DividendsCNQ logoCNQ3.8% yield, 2-year raise streak, vs XOM's 2.7%
Momentum (1Y)CNQ logoCNQ+61.7% vs COP's +34.7%
Efficiency (ROA)CNQ logoCNQ12.5% ROA vs CVX's 4.2%, ROIC 10.0% vs 6.2%

CNQ vs XOM vs CVX vs COP — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

CNQCanadian Natural Resources Limited
FY 2025
Oil And Gas1
100.0%$30.0B
XOMExxon Mobil Corporation
FY 2025
Energy Products
68.7%$217.8B
Upstream
17.6%$55.7B
Chemical Products
6.0%$18.9B
Specialty Products
5.4%$17.3B
Income From Equity Affiliates
1.7%$5.3B
Other Revenue
0.6%$2.1B
CVXChevron Corporation
FY 2025
Downstream
61.1%$72.5B
Upstream
38.4%$45.5B
All Other Segments
0.5%$644M
COPConocoPhillips
FY 2025
Crude oil product line
75.7%$39.1B
Natural Gas Product Line
17.1%$8.9B
Natural Gas Liquids
7.2%$3.7B

CNQ vs XOM vs CVX vs COP — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLCNQLAGGINGCOP

Income & Cash Flow (Last 12 Months)

CNQ leads this category, winning 3 of 6 comparable metrics.

XOM is the larger business by revenue, generating $323.9B annually — 7.8x CNQ's $41.5B. CNQ is the more profitable business, keeping 26.1% of every revenue dollar as net income compared to CVX's 6.7%. On growth, XOM holds the edge at -1.3% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
RevenueTrailing 12 months$41.5B$323.9B$184.4B$58.3B
EBITDAEarnings before interest/tax$21.1B$59.9B$37.1B$22.4B
Net IncomeAfter-tax profit$10.8B$28.8B$12.3B$7.3B
Free Cash FlowCash after capex$8.3B$23.6B$16.2B$18.3B
Gross MarginGross profit ÷ Revenue+30.1%+21.7%+30.4%+29.2%
Operating MarginEBIT ÷ Revenue+27.8%+10.5%+9.0%+18.3%
Net MarginNet income ÷ Revenue+26.1%+8.9%+6.7%+12.6%
FCF MarginFCF ÷ Revenue+20.0%+7.3%+8.8%+31.4%
Rev. Growth (YoY)Latest quarter vs prior year-13.2%-1.3%-5.3%-2.5%
EPS Growth (YoY)Latest quarter vs prior year+3.7%-11.0%-24.5%-20.2%
CNQ leads this category, winning 3 of 6 comparable metrics.

Valuation Metrics

Evenly matched — CNQ and COP each lead in 2 of 6 comparable metrics.

At 11.8x trailing earnings, CNQ trades at a 57% valuation discount to CVX's 27.5x P/E. On an enterprise value basis, COP's 6.8x EV/EBITDA is more attractive than XOM's 10.9x.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
Market CapShares × price$93.4B$620.8B$364.2B$140.0B
Enterprise ValueMkt cap + debt − cash$107.3B$653.7B$404.5B$157.0B
Trailing P/EPrice ÷ TTM EPS11.84x21.86x27.53x18.09x
Forward P/EPrice ÷ next-FY EPS est.8.01x14.79x15.02x13.29x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple8.15x10.91x10.89x6.77x
Price / SalesMarket cap ÷ Revenue3.29x1.92x1.97x2.38x
Price / BookPrice ÷ Book value/share2.89x2.37x1.76x2.23x
Price / FCFMarket cap ÷ FCF15.13x26.29x21.95x8.35x
Evenly matched — CNQ and COP each lead in 2 of 6 comparable metrics.

Profitability & Efficiency

CNQ leads this category, winning 4 of 9 comparable metrics.

CNQ delivers a 26.0% return on equity — every $100 of shareholder capital generates $26 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 CNQ's 0.44x. On the Piotroski fundamental quality scale (0–9), CNQ scores 8/9 vs XOM's 3/9, reflecting strong financial health.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
ROE (TTM)Return on equity+26.0%+10.7%+7.2%+11.3%
ROA (TTM)Return on assets+12.5%+6.4%+4.2%+6.0%
ROICReturn on invested capital+10.0%+8.6%+6.2%+10.4%
ROCEReturn on capital employed+10.3%+8.9%+6.6%+10.4%
Piotroski ScoreFundamental quality 0–98356
Debt / EquityFinancial leverage0.44x0.16x0.24x0.36x
Net DebtTotal debt minus cash$19.0B$32.9B$40.3B$16.9B
Cash & Equiv.Liquid assets$672M$10.7B$6.5B$6.5B
Total DebtShort + long-term debt$19.7B$43.5B$46.7B$23.4B
Interest CoverageEBIT ÷ Interest expense10.52x69.44x17.22x9.42x
CNQ leads this category, winning 4 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

CNQ leads this category, winning 6 of 6 comparable metrics.

A $10,000 investment in CNQ five years ago would be worth $30,375 today (with dividends reinvested), compared to $19,396 for CVX. Over the past 12 months, CNQ leads with a +61.7% total return vs COP's +34.7%. The 3-year compound annual growth rate (CAGR) favors CNQ at 20.1% vs COP's 7.3% — a key indicator of consistent wealth creation.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
YTD ReturnYear-to-date+31.8%+20.3%+18.2%+19.7%
1-Year ReturnPast 12 months+61.7%+43.9%+39.5%+34.7%
3-Year ReturnCumulative with dividends+73.2%+44.9%+26.7%+23.7%
5-Year ReturnCumulative with dividends+203.8%+164.6%+94.0%+131.9%
10-Year ReturnCumulative with dividends+302.8%+105.0%+135.8%+233.4%
CAGR (3Y)Annualised 3-year return+20.1%+13.2%+8.2%+7.3%
CNQ leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.

XOM is the less volatile stock with a -0.15 beta — it tends to amplify market swings less than COP's 0.08 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CNQ currently trades 87.2% from its 52-week high vs XOM's 83.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
Beta (5Y)Sensitivity to S&P 500-0.02x-0.15x-0.05x0.08x
52-Week HighHighest price in past year$51.34$176.41$214.71$135.87
52-Week LowLowest price in past year$28.27$101.19$133.77$84.28
% of 52W HighCurrent price vs 52-week peak+87.2%+83.0%+85.0%+84.6%
RSI (14)Momentum oscillator 0–10047.442.442.143.4
Avg Volume (50D)Average daily shares traded11.4M18.9M11.0M9.6M
Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.

Analyst Outlook

Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.

Analyst consensus: CNQ as "Buy", XOM as "Hold", CVX as "Buy", COP as "Buy". Consensus price targets imply 10.6% upside for COP (target: $127) vs -21.8% for CNQ (target: $35). For income investors, CNQ offers the higher dividend yield at 3.80% vs XOM's 2.73%.

MetricCNQ logoCNQCanadian Natural …XOM logoXOMExxon Mobil Corpo…CVX logoCVXChevron Corporati…COP logoCOPConocoPhillips
Analyst RatingConsensus buy/hold/sellBuyHoldBuyBuy
Price TargetConsensus 12-month target$35.00$160.43$190.93$127.07
# AnalystsCovering analysts37555352
Dividend YieldAnnual dividend ÷ price+3.8%+2.7%+3.8%+2.8%
Dividend StreakConsecutive years of raises22681
Dividend / ShareAnnual DPS$2.32$4.00$6.87$3.19
Buyback YieldShare repurchases ÷ mkt cap+1.1%+3.3%+3.3%+3.6%
Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.
Key Takeaway

CNQ leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.

Best OverallCanadian Natural Resources … (CNQ)Leads 3 of 6 categories
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CNQ vs XOM vs CVX vs COP: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is CNQ or XOM or CVX or COP a better buy right now?

For growth investors, Canadian Natural Resources Limited (CNQ) is the stronger pick with 8.

6% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). Canadian Natural Resources Limited (CNQ) offers the better valuation at 11. 8x trailing P/E (8. 0x forward), making it the more compelling value choice. Analysts rate Canadian Natural Resources Limited (CNQ) a "Buy" — based on 37 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.

02

Which has the better valuation — CNQ or XOM or CVX or COP?

On trailing P/E, Canadian Natural Resources Limited (CNQ) is the cheapest at 11.

8x versus Chevron Corporation at 27. 5x. On forward P/E, Canadian Natural Resources Limited is actually cheaper at 8. 0x.

03

Which is the better long-term investment — CNQ or XOM or CVX or COP?

Over the past 5 years, Canadian Natural Resources Limited (CNQ) delivered a total return of +203.

8%, compared to +94. 0% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CNQ returned +302. 8% versus XOM's +105. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — CNQ or XOM or CVX or COP?

By beta (market sensitivity over 5 years), Exxon Mobil Corporation (XOM) is the lower-risk stock at -0.

15β versus ConocoPhillips's 0. 08β — meaning COP is approximately -154% 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 44% for Canadian Natural Resources Limited — giving it more financial flexibility in a downturn.

05

Which is growing faster — CNQ or XOM or CVX or COP?

By revenue growth (latest reported year), Canadian Natural Resources Limited (CNQ) is pulling ahead at 8.

6% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: Canadian Natural Resources Limited grew EPS 81. 1% 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.

06

Which has better profit margins — CNQ or XOM or CVX or COP?

Canadian Natural Resources Limited (CNQ) is the more profitable company, earning 27.

9% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 27. 9% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CNQ leads at 21. 2% 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.

07

Is CNQ or XOM or CVX or COP more undervalued right now?

On forward earnings alone, Canadian Natural Resources Limited (CNQ) trades at 8.

0x forward P/E versus 15. 0x for Chevron Corporation — 7. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COP: 10. 6% to $127. 07.

08

Which pays a better dividend — CNQ or XOM or CVX or COP?

All stocks in this comparison pay dividends.

Canadian Natural Resources Limited (CNQ) offers the highest yield at 3. 8%, versus 2. 7% for Exxon Mobil Corporation (XOM).

09

Is CNQ or XOM or CVX or COP better for a retirement portfolio?

For long-horizon retirement investors, Canadian Natural Resources Limited (CNQ) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.

02), 3. 8% yield, +302. 8% 10Y return). Both have compounded well over 10 years (CNQ: +302. 8%, COP: +233. 4%), 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.

10

What are the main differences between CNQ and XOM and CVX and COP?

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: CNQ is a mid-cap deep-value stock; XOM is a large-cap quality compounder stock; CVX is a large-cap income-oriented stock; COP is a mid-cap quality compounder 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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CNQ

Dividend Mega-Cap Quality

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 15%
  • Dividend Yield > 1.5%
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XOM

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.0%
Run This Screen
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CVX

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.5%
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COP

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 7%
  • Dividend Yield > 1.1%
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Beat Both

Find stocks that outperform CNQ and XOM and CVX and COP on the metrics below

Revenue Growth>
%
(CNQ: -13.2% · XOM: -1.3%)
Net Margin>
%
(CNQ: 26.1% · XOM: 8.9%)
P/E Ratio<
x
(CNQ: 11.8x · XOM: 21.9x)

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