Oil & Gas Exploration & Production
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5 / 10Stock Comparison
CNQ vs XOM vs CVX vs COP vs EOG
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
Oil & Gas Integrated
Oil & Gas Exploration & Production
Oil & Gas Exploration & Production
CNQ vs XOM vs CVX vs COP vs EOG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Integrated | Oil & Gas Integrated | Oil & Gas Exploration & Production | Oil & Gas Exploration & Production |
| Market Cap | $93.39B | $620.85B | $364.18B | $140.02B | $69.72B |
| Revenue (TTM) | $41.50B | $323.90B | $184.43B | $58.31B | $23.48B |
| Net Income (TTM) | $10.82B | $28.84B | $12.30B | $7.32B | $5.50B |
| Gross Margin | 30.1% | 21.7% | 30.4% | 29.2% | 71.3% |
| Operating Margin | 27.8% | 10.5% | 9.0% | 18.3% | 36.9% |
| Forward P/E | 8.0x | 14.8x | 15.0x | 13.3x | 9.1x |
| Total Debt | $19.71B | $43.54B | $46.74B | $23.44B | $8.41B |
| Cash & Equiv. | $672M | $10.68B | $6.47B | $6.50B | $3.40B |
CNQ vs XOM vs CVX vs COP vs EOG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Canadian Natural Re… (CNQ) | 100 | 494.7 | +394.7% |
| Exxon Mobil Corpora… (XOM) | 100 | 322.2 | +222.2% |
| Chevron Corporation (CVX) | 100 | 199.0 | +99.0% |
| ConocoPhillips (COP) | 100 | 272.4 | +172.4% |
| EOG Resources, Inc. (EOG) | 100 | 256.8 | +156.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CNQ vs XOM vs CVX vs COP vs EOG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
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%
XOM is the #2 pick in this set and the best alternative if stability is your priority.
- Lower D/E ratio (16.3% vs 44.5%)
CVX plays a supporting role in this comparison — it may shine differently against other peers.
COP lags the leaders in this set but could rank higher in a more targeted comparison.
EOG is the clearest fit if your priority is sleep-well-at-night and defensive.
- Lower volatility, beta -0.07, Low D/E 28.2%, current ratio 1.92x
- Beta -0.07, yield 3.1%, current ratio 1.92x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 8.6% revenue growth vs CVX's -4.6% | |
| Value | Lower P/E (8.0x vs 9.1x) | |
| Quality / Margins | 26.1% margin vs CVX's 6.7% | |
| Stability / Safety | Lower D/E ratio (16.3% vs 44.5%) | |
| Dividends | 3.8% yield, 2-year raise streak, vs XOM's 2.7% | |
| Momentum (1Y) | +61.7% vs EOG's +25.0% | |
| Efficiency (ROA) | 12.5% ROA vs CVX's 4.2%, ROIC 10.0% vs 6.2% |
CNQ vs XOM vs CVX vs COP vs EOG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CNQ vs XOM vs CVX vs COP vs EOG — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
EOG leads in 2 of 6 categories
CNQ leads 2 • XOM leads 0 • CVX leads 0 • COP leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
EOG leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
XOM is the larger business by revenue, generating $323.9B annually — 13.8x EOG's $23.5B. CNQ is the more profitable business, keeping 26.1% of every revenue dollar as net income compared to CVX's 6.7%. On growth, EOG holds the edge at +15.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $41.5B | $323.9B | $184.4B | $58.3B | $23.5B |
| EBITDAEarnings before interest/tax | $21.1B | $59.9B | $37.1B | $22.4B | $13.6B |
| Net IncomeAfter-tax profit | $10.8B | $28.8B | $12.3B | $7.3B | $5.5B |
| Free Cash FlowCash after capex | $8.3B | $23.6B | $16.2B | $18.3B | $4.2B |
| Gross MarginGross profit ÷ Revenue | +30.1% | +21.7% | +30.4% | +29.2% | +71.3% |
| Operating MarginEBIT ÷ Revenue | +27.8% | +10.5% | +9.0% | +18.3% | +36.9% |
| Net MarginNet income ÷ Revenue | +26.1% | +8.9% | +6.7% | +12.6% | +23.4% |
| FCF MarginFCF ÷ Revenue | +20.0% | +7.3% | +8.8% | +31.4% | +18.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | -13.2% | -1.3% | -5.3% | -2.5% | +15.7% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.7% | -11.0% | -24.5% | -20.2% | +39.6% |
Valuation Metrics
CNQ leads this category, winning 2 of 6 comparable metrics.
Valuation 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, EOG's 5.9x EV/EBITDA is more attractive than XOM's 10.9x.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $93.4B | $620.8B | $364.2B | $140.0B | $69.7B |
| Enterprise ValueMkt cap + debt − cash | $107.3B | $653.7B | $404.5B | $157.0B | $74.7B |
| Trailing P/EPrice ÷ TTM EPS | 11.84x | 21.86x | 27.53x | 18.09x | 14.37x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.01x | 14.79x | 15.02x | 13.29x | 9.12x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.15x | 10.91x | 10.89x | 6.77x | 5.90x |
| Price / SalesMarket cap ÷ Revenue | 3.29x | 1.92x | 1.97x | 2.38x | 3.09x |
| Price / BookPrice ÷ Book value/share | 2.89x | 2.37x | 1.76x | 2.23x | 2.37x |
| Price / FCFMarket cap ÷ FCF | 15.13x | 26.29x | 21.95x | 8.35x | 17.74x |
Profitability & Efficiency
EOG leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +26.0% | +10.7% | +7.2% | +11.3% | +18.3% |
| ROA (TTM)Return on assets | +12.5% | +6.4% | +4.2% | +6.0% | +10.8% |
| ROICReturn on invested capital | +10.0% | +8.6% | +6.2% | +10.4% | +19.1% |
| ROCEReturn on capital employed | +10.3% | +8.9% | +6.6% | +10.4% | +17.6% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 3 | 5 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.44x | 0.16x | 0.24x | 0.36x | 0.28x |
| Net DebtTotal debt minus cash | $19.0B | $32.9B | $40.3B | $16.9B | $5.0B |
| Cash & Equiv.Liquid assets | $672M | $10.7B | $6.5B | $6.5B | $3.4B |
| Total DebtShort + long-term debt | $19.7B | $43.5B | $46.7B | $23.4B | $8.4B |
| Interest CoverageEBIT ÷ Interest expense | 10.52x | 69.44x | 17.22x | 9.42x | 30.26x |
Total Returns (Dividends Reinvested)
CNQ leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CNQ five years ago would be worth $30,375 today (with dividends reinvested), compared to $19,105 for EOG. Over the past 12 months, CNQ leads with a +61.7% total return vs EOG's +25.0%. 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.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +31.8% | +20.3% | +18.2% | +19.7% | +23.9% |
| 1-Year ReturnPast 12 months | +61.7% | +43.9% | +39.5% | +34.7% | +25.0% |
| 3-Year ReturnCumulative with dividends | +73.2% | +44.9% | +26.7% | +23.7% | +25.6% |
| 5-Year ReturnCumulative with dividends | +203.8% | +164.6% | +94.0% | +131.9% | +91.1% |
| 10-Year ReturnCumulative with dividends | +302.8% | +105.0% | +135.8% | +233.4% | +108.2% |
| CAGR (3Y)Annualised 3-year return | +20.1% | +13.2% | +8.2% | +7.3% | +7.9% |
Risk & Volatility
Evenly matched — CNQ and XOM 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 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.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.02x | -0.15x | -0.05x | 0.08x | -0.07x |
| 52-Week HighHighest price in past year | $51.34 | $176.41 | $214.71 | $135.87 | $151.87 |
| 52-Week LowLowest price in past year | $28.27 | $101.19 | $133.77 | $84.28 | $101.59 |
| % of 52W HighCurrent price vs 52-week peak | +87.2% | +83.0% | +85.0% | +84.6% | +86.2% |
| RSI (14)Momentum oscillator 0–100 | 47.4 | 42.4 | 42.1 | 43.4 | 47.1 |
| Avg Volume (50D)Average daily shares traded | 11.4M | 18.9M | 11.0M | 9.6M | 4.8M |
Analyst Outlook
Evenly matched — CNQ and XOM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: CNQ as "Buy", XOM as "Hold", CVX as "Buy", COP as "Buy", EOG 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%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $35.00 | $160.43 | $190.93 | $127.07 | $137.93 |
| # AnalystsCovering analysts | 37 | 55 | 53 | 52 | 66 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | +2.7% | +3.8% | +2.8% | +3.1% |
| Dividend StreakConsecutive years of raises | 2 | 26 | 8 | 1 | 1 |
| Dividend / ShareAnnual DPS | $2.32 | $4.00 | $6.87 | $3.19 | $4.01 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.1% | +3.3% | +3.3% | +3.6% | +3.7% |
EOG leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CNQ leads in 2 (Valuation Metrics, Total Returns). 2 tied.
CNQ vs XOM vs CVX vs COP vs EOG: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is CNQ or XOM or CVX or COP or EOG 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.
02Which has the better valuation — CNQ or XOM or CVX or COP or EOG?
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.
03Which is the better long-term investment — CNQ or XOM or CVX or COP or EOG?
Over the past 5 years, Canadian Natural Resources Limited (CNQ) delivered a total return of +203.
8%, compared to +91. 1% for EOG Resources, Inc. (EOG). 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.
04Which is safer — CNQ or XOM or CVX or COP or EOG?
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.
05Which is growing faster — CNQ or XOM or CVX or COP or EOG?
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.
06Which has better profit margins — CNQ or XOM or CVX or COP or EOG?
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: EOG leads at 35. 1% versus 9. 0% for CVX. At the gross margin level — before operating expenses — EOG leads at 68. 1%, 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 CNQ or XOM or CVX or COP or EOG 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.
08Which pays a better dividend — CNQ or XOM or CVX or COP or EOG?
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).
09Is CNQ or XOM or CVX or COP or EOG 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.
10What are the main differences between CNQ and XOM and CVX and COP and EOG?
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; EOG is a mid-cap deep-value 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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