Oil & Gas Exploration & Production
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CRC vs CVX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
CRC vs CVX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Oil & Gas Exploration & Production | Oil & Gas Integrated |
| Market Cap | $5.45B | $369.41B |
| Revenue (TTM) | $3.48B | $184.43B |
| Net Income (TTM) | $363M | $12.30B |
| Gross Margin | 37.4% | 30.4% |
| Operating Margin | 20.8% | 9.0% |
| Forward P/E | 12.1x | 15.2x |
| Total Debt | $1.36B | $46.74B |
| Cash & Equiv. | $132M | $6.47B |
CRC vs CVX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| California Resource… (CRC) | 100 | 4621.1 | +4521.1% |
| Chevron Corporation (CVX) | 100 | 201.9 | +101.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CRC vs CVX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
CRC carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 21.9%, EPS growth -10.2%, 3Y rev CAGR 3.4%
- 287.0% 10Y total return vs CVX's 134.9%
- 21.9% revenue growth vs CVX's -4.6%
CVX is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 8 yrs, beta -0.05, yield 3.7%
- Lower volatility, beta -0.05, Low D/E 24.3%, current ratio 1.15x
- Beta -0.05, yield 3.7%, current ratio 1.15x
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs CVX's -4.6% | |
| Value | Lower P/E (12.1x vs 15.2x) | |
| Quality / Margins | 10.4% margin vs CVX's 6.7% | |
| Stability / Safety | Lower D/E ratio (24.3% vs 37.0%) | |
| Dividends | 3.7% yield, 8-year raise streak, vs CRC's 2.5% | |
| Momentum (1Y) | +77.5% vs CVX's +41.6% | |
| Efficiency (ROA) | 5.2% ROA vs CVX's 4.2%, ROIC 13.8% vs 6.2% |
CRC vs CVX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
CRC 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)
CRC leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVX is the larger business by revenue, generating $184.4B annually — 53.1x CRC's $3.5B. Profitability is closely matched — net margins range from 10.4% (CRC) to 6.7% (CVX).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $3.5B | $184.4B |
| EBITDAEarnings before interest/tax | $1.3B | $37.1B |
| Net IncomeAfter-tax profit | $363M | $12.3B |
| Free Cash FlowCash after capex | $543M | $16.2B |
| Gross MarginGross profit ÷ Revenue | +37.4% | +30.4% |
| Operating MarginEBIT ÷ Revenue | +20.8% | +9.0% |
| Net MarginNet income ÷ Revenue | +10.4% | +6.7% |
| FCF MarginFCF ÷ Revenue | +15.6% | +8.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.9% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -61.1% | -24.5% |
Valuation Metrics
CRC leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 14.8x trailing earnings, CRC trades at a 47% valuation discount to CVX's 27.9x P/E. On an enterprise value basis, CRC's 4.5x EV/EBITDA is more attractive than CVX's 11.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.5B | $369.4B |
| Enterprise ValueMkt cap + debt − cash | $6.7B | $409.7B |
| Trailing P/EPrice ÷ TTM EPS | 14.81x | 27.92x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.12x | 15.24x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 4.52x | 11.03x |
| Price / SalesMarket cap ÷ Revenue | 1.51x | 2.00x |
| Price / BookPrice ÷ Book value/share | 1.46x | 1.79x |
| Price / FCFMarket cap ÷ FCF | 10.04x | 22.26x |
Profitability & Efficiency
CRC leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CRC delivers a 10.3% return on equity — every $100 of shareholder capital generates $10 in annual profit, vs $7 for CVX. CVX carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to CRC's 0.37x. On the Piotroski fundamental quality scale (0–9), CVX scores 5/9 vs CRC's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +10.3% | +7.2% |
| ROA (TTM)Return on assets | +5.2% | +4.2% |
| ROICReturn on invested capital | +13.8% | +6.2% |
| ROCEReturn on capital employed | +13.6% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.37x | 0.24x |
| Net DebtTotal debt minus cash | $1.2B | $40.3B |
| Cash & Equiv.Liquid assets | $132M | $6.5B |
| Total DebtShort + long-term debt | $1.4B | $46.7B |
| Interest CoverageEBIT ÷ Interest expense | 6.75x | 17.22x |
Total Returns (Dividends Reinvested)
CRC leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CRC five years ago would be worth $27,895 today (with dividends reinvested), compared to $19,814 for CVX. Over the past 12 months, CRC leads with a +77.5% total return vs CVX's +41.6%. The 3-year compound annual growth rate (CAGR) favors CRC at 18.3% vs CVX's 8.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +33.4% | +19.9% |
| 1-Year ReturnPast 12 months | +77.5% | +41.6% |
| 3-Year ReturnCumulative with dividends | +65.5% | +28.3% |
| 5-Year ReturnCumulative with dividends | +178.9% | +98.1% |
| 10-Year ReturnCumulative with dividends | +287.0% | +134.9% |
| CAGR (3Y)Annualised 3-year return | +18.3% | +8.7% |
Risk & Volatility
CVX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CVX is the less volatile stock with a -0.05 beta — it tends to amplify market swings less than CRC's 0.45 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 | 0.45x | -0.05x |
| 52-Week HighHighest price in past year | $71.98 | $214.71 |
| 52-Week LowLowest price in past year | $35.04 | $133.77 |
| % of 52W HighCurrent price vs 52-week peak | +85.4% | +86.2% |
| RSI (14)Momentum oscillator 0–100 | 65.4 | 52.9 |
| Avg Volume (50D)Average daily shares traded | 972K | 11.0M |
Analyst Outlook
CVX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CRC as "Buy" and CVX as "Buy". Consensus price targets imply 11.2% upside for CRC (target: $68) vs 3.1% for CVX (target: $191). For income investors, CVX offers the higher dividend yield at 3.71% vs CRC's 2.53%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $68.33 | $190.93 |
| # AnalystsCovering analysts | 23 | 53 |
| Dividend YieldAnnual dividend ÷ price | +2.5% | +3.7% |
| Dividend StreakConsecutive years of raises | 4 | 8 |
| Dividend / ShareAnnual DPS | $1.56 | $6.87 |
| Buyback YieldShare repurchases ÷ mkt cap | +6.9% | +3.2% |
CRC leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). CVX leads in 2 (Risk & Volatility, Analyst Outlook).
CRC vs CVX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CRC or CVX a better buy right now?
For growth investors, California Resources Corporation (CRC) is the stronger pick with 21.
9% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). California Resources Corporation (CRC) offers the better valuation at 14. 8x trailing P/E (12. 1x forward), making it the more compelling value choice. Analysts rate California Resources Corporation (CRC) a "Buy" — based on 23 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 — CRC or CVX?
On trailing P/E, California Resources Corporation (CRC) is the cheapest at 14.
8x versus Chevron Corporation at 27. 9x. On forward P/E, California Resources Corporation is actually cheaper at 12. 1x.
03Which is the better long-term investment — CRC or CVX?
Over the past 5 years, California Resources Corporation (CRC) delivered a total return of +178.
9%, compared to +98. 1% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CRC returned +287. 0% versus CVX's +134. 9%. 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 — CRC or CVX?
By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at -0.
05β versus California Resources Corporation's 0. 45β — meaning CRC is approximately -953% more volatile than CVX relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 24% versus 37% for California Resources Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CRC or CVX?
By revenue growth (latest reported year), California Resources Corporation (CRC) is pulling ahead at 21.
9% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: California Resources Corporation grew EPS -10. 2% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, CRC leads at 3. 4% 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 — CRC or CVX?
California Resources Corporation (CRC) is the more profitable company, earning 10.
1% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 10. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CRC leads at 23. 6% versus 9. 0% for CVX. At the gross margin level — before operating expenses — CRC leads at 39. 6%, 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 CRC or CVX more undervalued right now?
On forward earnings alone, California Resources Corporation (CRC) trades at 12.
1x forward P/E versus 15. 2x for Chevron Corporation — 3. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CRC: 11. 2% to $68. 33.
08Which pays a better dividend — CRC or CVX?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 3. 7%, versus 2. 5% for California Resources Corporation (CRC).
09Is CRC or CVX better for a retirement portfolio?
For long-horizon retirement investors, Chevron Corporation (CVX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
05), 3. 7% yield, +134. 9% 10Y return). Both have compounded well over 10 years (CVX: +134. 9%, CRC: +287. 0%), 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 CRC 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: CRC is a small-cap high-growth 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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