CVX
Chevron Corporation
Oil & Gas Integrated
Market Cap$410.77B
5Y Perf.+181.2%
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Side-by-side financial analysisCVX
COP
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Stock Comparison
CVX vs COP
Revenue, margins, valuation, and 5-year total return — side by side.
COP
ConocoPhillips
Oil & Gas Exploration & Production
Market Cap$156.31B
5Y Perf.+281.5%
CVX vs COP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CVX | COP |
|---|---|---|
| Industry | Oil & Gas Integrated | Oil & Gas Exploration & Production |
| Market Cap | $410.77B | $156.31B |
| Revenue (TTM) | $208.71B | $62.42B |
| Net Income (TTM) | $20.59B | $9.28B |
| Gross Margin | 31.0% | 50.8% |
| Operating Margin | 15.8% | 22.7% |
| Forward P/E | 12.5x | 12.1x |
| Total Debt | $46.74B | $23.44B |
| Cash & Equiv. | $6.47B | $6.50B |
CVX vs COP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CVX
COP
| Stock | Sep 20 | Sep 26 | Return |
|---|---|---|---|
| Chevron Corporation (CVX) | 100 | 281.2 | +181.2% |
| ConocoPhillips (COP) | 100 | 381.5 | +281.5% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CVX vs COP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: COP leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Chevron Corporation is the stronger pick specifically for capital preservation and lower volatility and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
🥇COP emerged as the overall leader. Track its performance:
CVX
Chevron Corporation
The Income Pick
CVX is the clearest fit if your priority is income & stability and sleep-well-at-night.
- Dividend streak 38 yrs, beta -0.46, yield 3.3%
- Lower volatility, beta -0.46, Low D/E 24.3%, current ratio 1.15x
- Beta -0.46, yield 3.3%, current ratio 1.15x
Best for: income & stability and sleep-well-at-night
COP
ConocoPhillips
The Growth Play
COP carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 7.5%, EPS growth -18.7%, 3Y rev CAGR -9.3%
- 268.0% 10Y total return vs CVX's 158.0%
- 7.5% revenue growth vs CVX's -4.6%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | COP | 7.5% revenue growth vs CVX's -4.6% |
| Value | COP | Lower P/E (12.7x vs 13.0x) |
| Quality / Margins | COP | 14.9% margin vs CVX's 9.9% |
| Stability / Safety | CVX | Lower D/E ratio (24.3% vs 36.4%) |
| Dividends | CVX | 3.3% yield, 38-year raise streak, vs COP's 2.5% |
| Momentum (1Y) | COP | +39.8% vs CVX's +34.2% |
| Efficiency (ROA) | COP | 7.6% ROA vs CVX's 6.3%, ROIC 10.4% vs 6.2% |
CVX vs COP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CVX vs COP — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCOPLAGGINGCVX
CVXChevron Corporation
2leads
COPConocoPhillips
3leads
6 Total Categories
CATEGORYLEADERvs CVXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
COP4/6
Valuation MetricsMultiples, price ratios, and targets
COP4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
COP7/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CVX4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
CVX2/2
Income & Cash Flow (Last 12 Months)
COP leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVX is the larger business by revenue, generating $208.7B annually — 3.3x COP's $62.4B. COP is the more profitable business, keeping 14.9% of every revenue dollar as net income compared to CVX's 9.9%. On growth, CVX holds the edge at +51.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| RevenueTrailing 12 months | $208.7B | $62.4B |
| EBITDAEarnings before interest/tax | $56.7B | $26.1B |
| Net IncomeAfter-tax profit | $20.6B | $9.3B |
| Free Cash FlowCash after capex | $26.6B | $19.6B |
| Gross MarginGross profit ÷ Revenue | +31.0% | +50.8% |
| Operating MarginEBIT ÷ Revenue | +15.8% | +22.7% |
| Net MarginNet income ÷ Revenue | +9.9% | +14.9% |
| FCF MarginFCF ÷ Revenue | +12.8% | +31.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +51.4% | +29.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.2% | +107.1% |
COP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
COP leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 20.2x trailing earnings, COP trades at a 35% valuation discount to CVX's 31.1x P/E. On an enterprise value basis, COP's 7.5x EV/EBITDA is more attractive than CVX's 12.1x.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| Market CapShares × price | $410.8B | $156.3B |
| Enterprise ValueMkt cap + debt − cash | $451.0B | $173.3B |
| Trailing P/EPrice ÷ TTM EPS | 31.11x | 20.20x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.54x | 12.08x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 12.15x | 7.48x |
| Price / SalesMarket cap ÷ Revenue | 2.23x | 2.66x |
| Price / BookPrice ÷ Book value/share | 1.99x | 2.49x |
| Price / FCFMarket cap ÷ FCF | 24.76x | 9.32x |
COP leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
COP leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
COP delivers a 14.3% return on equity — every $100 of shareholder capital generates $14 in annual profit, vs $11 for CVX. CVX carries lower financial leverage with a 0.24x debt-to-equity ratio, signaling a more conservative balance sheet compared to COP's 0.36x. On the Piotroski fundamental quality scale (0–9), COP scores 6/9 vs CVX's 5/9, reflecting solid financial health.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| ROE (TTM)Return on equity | +10.7% | +14.3% |
| ROA (TTM)Return on assets | +6.3% | +7.6% |
| ROICReturn on invested capital | +6.2% | +10.4% |
| ROCEReturn on capital employed | +6.6% | +10.4% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 |
| Debt / EquityFinancial leverage | 0.24x | 0.36x |
| Net DebtTotal debt minus cash | $40.3B | $16.9B |
| Cash & Equiv.Liquid assets | $6.5B | $6.5B |
| Total DebtShort + long-term debt | $46.7B | $23.4B |
| Interest CoverageEBIT ÷ Interest expense | 22.46x | 15.81x |
COP leads this category, winning 7 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CVX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CVX five years ago would be worth $23,985 today (with dividends reinvested), compared to $23,153 for COP. Over the past 12 months, COP leads with a +39.8% total return vs CVX's +34.2%. The 3-year compound annual growth rate (CAGR) favors CVX at 10.2% vs COP's 4.3% — a key indicator of consistent wealth creation.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| YTD ReturnYear-to-date | +33.3% | +32.2% |
| 1-Year ReturnPast 12 months | +34.2% | +39.8% |
| 3-Year ReturnCumulative with dividends | +33.9% | +13.5% |
| 5-Year ReturnCumulative with dividends | +139.9% | +131.5% |
| 10-Year ReturnCumulative with dividends | +158.0% | +268.0% |
| CAGR (3Y)Annualised 3-year return | +10.2% | +4.3% |
CVX leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CVX and COP each lead in 1 of 2 comparable metrics.
Risk & Volatility
COP is the less volatile stock with a -0.48 beta — it tends to amplify market swings less than CVX's -0.46 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVX currently trades 93.0% from its 52-week high vs COP's 88.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.46x | -0.48x |
| 52-Week HighHighest price in past year | $217.78 | $141.62 |
| 52-Week LowLowest price in past year | $147.08 | $85.57 |
| % of 52W HighCurrent price vs 52-week peak | +93.0% | +88.5% |
| RSI (14)Momentum oscillator 0–100 | 46.4 | 43.0 |
| Avg Volume (50D)Average daily shares traded | 8.5M | 6.7M |
Evenly matched — CVX and COP each lead in 1 of 2 comparable metrics.
Analyst Outlook
CVX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates CVX as "Buy" and COP as "Buy". Consensus price targets imply 18.7% upside for COP (target: $152) vs 5.2% for CVX (target: $217). For income investors, CVX offers the higher dividend yield at 3.33% vs COP's 2.48%.
| Metric | CVXChevron Corporati… | COPConocoPhillips |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $216.92 | $152.27 |
| # AnalystsCovering analysts | 53 | 52 |
| Dividend YieldAnnual dividend ÷ price | +3.3% | +2.5% |
| Dividend StreakConsecutive years of raises | 38 | 9 |
| Dividend / ShareAnnual DPS | $6.87 | $3.19 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.9% | +3.3% |
CVX leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
COP leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). CVX leads in 2 (Total Returns, Analyst Outlook). 1 tied.
Best OverallConocoPhillips (COP)Leads 3 of 6 categories
Custom Comparison: CVX vs COP
Compare on any lens — Growth, Value, Income, or pick from 130+ individual metrics.
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CVX vs COP: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CVX or COP a better buy right now?
For growth investors, ConocoPhillips (COP) is the stronger pick with 7.
5% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). ConocoPhillips (COP) offers the better valuation at 20. 2x trailing P/E (12. 1x 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 — CVX or COP?
On trailing P/E, ConocoPhillips (COP) is the cheapest at 20.
2x versus Chevron Corporation at 31. 1x. On forward P/E, ConocoPhillips is actually cheaper at 12. 1x.
03Which is the better long-term investment — CVX or COP?
Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +139.
9%, compared to +131. 5% for ConocoPhillips (COP). Over 10 years, the gap is even starker: COP returned +268. 0% versus CVX's +158. 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 — CVX or COP?
By beta (market sensitivity over 5 years), ConocoPhillips (COP) is the lower-risk stock at -0.
48β versus Chevron Corporation's -0. 46β — meaning CVX is approximately -4% more volatile than COP relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 24% versus 36% for ConocoPhillips — giving it more financial flexibility in a downturn.
05Which is growing faster — CVX or COP?
By revenue growth (latest reported year), ConocoPhillips (COP) is pulling ahead at 7.
5% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: ConocoPhillips grew EPS -18. 7% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, CVX leads at -7. 9% 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 — CVX or COP?
ConocoPhillips (COP) is the more profitable company, earning 13.
6% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 13. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: COP leads at 19. 6% 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 CVX or COP more undervalued right now?
On forward earnings alone, ConocoPhillips (COP) trades at 12.
1x forward P/E versus 12. 5x for Chevron Corporation — 0. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for COP: 18. 7% to $152. 27.
08Which pays a better dividend — CVX or COP?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 3. 3%, versus 2. 5% for ConocoPhillips (COP).
09Is CVX or COP better for a retirement portfolio?
For long-horizon retirement investors, ConocoPhillips (COP) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
48), 2. 5% yield, +268. 0% 10Y return). Both have compounded well over 10 years (COP: +268. 0%, CVX: +158. 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 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: 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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