CVX
Chevron Corporation
Oil & Gas Integrated
Market Cap$346.46B
5Y Perf.+94.6%
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Side-by-side financial analysisCVX
OXY
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Stock Comparison
CVX vs OXY
Revenue, margins, valuation, and 5-year total return — side by side.
OXY
Occidental Petroleum Corporation
Oil & Gas Exploration & Production
Market Cap$51.54B
5Y Perf.+183.2%
CVX vs OXY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CVX | OXY |
|---|---|---|
| Industry | Oil & Gas Integrated | Oil & Gas Exploration & Production |
| Market Cap | $346.46B | $51.54B |
| Revenue (TTM) | $184.43B | $23.18B |
| Net Income (TTM) | $12.30B | $4.71B |
| Gross Margin | 30.4% | 26.2% |
| Operating Margin | 9.0% | 12.4% |
| Forward P/E | 12.1x | 9.3x |
| Total Debt | $46.74B | $23.96B |
| Cash & Equiv. | $6.47B | $1.99B |
CVX vs OXY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CVX
OXY
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Chevron Corporation (CVX) | 100 | 194.6 | +94.6% |
| Occidental Petroleu… (OXY) | 100 | 283.2 | +183.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CVX vs OXY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CVX leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and capital preservation and lower volatility. Occidental Petroleum Corporation is the stronger pick specifically for valuation and capital efficiency and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
🥇CVX emerged as the overall leader. Track its performance:
CVX
Chevron Corporation
The Income Pick
CVX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 38 yrs, beta -0.32, yield 4.0%
- Rev growth -4.6%, EPS growth -31.8%, 3Y rev CAGR -7.9%
- 122.6% 10Y total return vs OXY's -11.8%
Best for: income & stability and growth exposure
OXY
Occidental Petroleum Corporation
The Value Play
OXY is the clearest fit if your priority is value and quality.
- Lower P/E (9.3x vs 12.1x)
- 20.3% margin vs CVX's 6.7%
- 5.6% ROA vs CVX's 4.2%, ROIC 4.7% vs 6.2%
Best for: value and quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CVX | -4.6% revenue growth vs OXY's -20.3% |
| Value | OXY | Lower P/E (9.3x vs 12.1x) |
| Quality / Margins | OXY | 20.3% margin vs CVX's 6.7% |
| Stability / Safety | CVX | Lower D/E ratio (24.3% vs 65.5%) |
| Dividends | CVX | 4.0% yield, 38-year raise streak, vs OXY's 3.1% |
| Momentum (1Y) | CVX | +21.9% vs OXY's +16.5% |
| Efficiency (ROA) | OXY | 5.6% ROA vs CVX's 4.2%, ROIC 4.7% vs 6.2% |
CVX vs OXY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
CVX vs OXY — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCVXLAGGINGOXY
OXYOccidental Petroleum …
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CVXChevron Corporation
3leads
6 Total Categories
CATEGORYLEADERvs OXYMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
OXY4/6
Valuation MetricsMultiples, price ratios, and targets
OXY4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
CVX5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CVX5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
CVX2/2
Income & Cash Flow (Last 12 Months)
OXY 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 — 8.0x OXY's $23.2B. OXY is the more profitable business, keeping 20.3% of every revenue dollar as net income compared to CVX's 6.7%. On growth, CVX holds the edge at -5.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| RevenueTrailing 12 months | $184.4B | $23.2B |
| EBITDAEarnings before interest/tax | $37.1B | $10.6B |
| Net IncomeAfter-tax profit | $12.3B | $4.7B |
| Free Cash FlowCash after capex | $16.2B | $3.6B |
| Gross MarginGross profit ÷ Revenue | +30.4% | +26.2% |
| Operating MarginEBIT ÷ Revenue | +9.0% | +12.4% |
| Net MarginNet income ÷ Revenue | +6.7% | +20.3% |
| FCF MarginFCF ÷ Revenue | +8.8% | +15.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -5.3% | -23.1% |
| EPS Growth (YoY)Latest quarter vs prior year | -24.5% | +3.1% |
OXY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
OXY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 26.2x trailing earnings, CVX trades at a 19% valuation discount to OXY's 32.2x P/E. On an enterprise value basis, OXY's 6.5x EV/EBITDA is more attractive than CVX's 10.4x.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| Market CapShares × price | $346.5B | $51.5B |
| Enterprise ValueMkt cap + debt − cash | $386.7B | $73.5B |
| Trailing P/EPrice ÷ TTM EPS | 26.19x | 32.19x |
| Forward P/EPrice ÷ next-FY EPS est. | 12.14x | 9.33x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 10.42x | 6.47x |
| Price / SalesMarket cap ÷ Revenue | 1.88x | 2.39x |
| Price / BookPrice ÷ Book value/share | 1.68x | 1.42x |
| Price / FCFMarket cap ÷ FCF | 20.88x | 12.56x |
OXY leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
CVX leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
OXY delivers a 12.6% return on equity — every $100 of shareholder capital generates $13 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 OXY's 0.65x. On the Piotroski fundamental quality scale (0–9), CVX scores 5/9 vs OXY's 4/9, reflecting solid financial health.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| ROE (TTM)Return on equity | +7.2% | +12.6% |
| ROA (TTM)Return on assets | +4.2% | +5.6% |
| ROICReturn on invested capital | +6.2% | +4.7% |
| ROCEReturn on capital employed | +6.6% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.24x | 0.65x |
| Net DebtTotal debt minus cash | $40.3B | $22.0B |
| Cash & Equiv.Liquid assets | $6.5B | $2.0B |
| Total DebtShort + long-term debt | $46.7B | $24.0B |
| Interest CoverageEBIT ÷ Interest expense | 17.22x | 3.25x |
CVX leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CVX leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CVX five years ago would be worth $19,892 today (with dividends reinvested), compared to $19,807 for OXY. Over the past 12 months, CVX leads with a +21.9% total return vs OXY's +16.5%. The 3-year compound annual growth rate (CAGR) favors CVX at 8.0% vs OXY's -1.6% — a key indicator of consistent wealth creation.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| YTD ReturnYear-to-date | +13.7% | +23.5% |
| 1-Year ReturnPast 12 months | +21.9% | +16.5% |
| 3-Year ReturnCumulative with dividends | +26.0% | -4.7% |
| 5-Year ReturnCumulative with dividends | +98.9% | +98.1% |
| 10-Year ReturnCumulative with dividends | +122.6% | -11.8% |
| CAGR (3Y)Annualised 3-year return | +8.0% | -1.6% |
CVX leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — CVX and OXY each lead in 1 of 2 comparable metrics.
Risk & Volatility
OXY is the less volatile stock with a -0.43 beta — it tends to amplify market swings less than CVX's -0.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVX currently trades 80.9% from its 52-week high vs OXY's 76.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.32x | -0.43x |
| 52-Week HighHighest price in past year | $214.71 | $67.45 |
| 52-Week LowLowest price in past year | $142.40 | $39.26 |
| % of 52W HighCurrent price vs 52-week peak | +80.9% | +76.8% |
| RSI (14)Momentum oscillator 0–100 | 36.6 | 36.3 |
| Avg Volume (50D)Average daily shares traded | 8.0M | 11.0M |
Evenly matched — CVX and OXY 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 OXY as "Buy". Consensus price targets imply 20.2% upside for OXY (target: $62) vs 15.3% for CVX (target: $200). For income investors, CVX offers the higher dividend yield at 3.96% vs OXY's 3.08%.
| Metric | CVXChevron Corporati… | OXYOccidental Petrol… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $200.13 | $62.31 |
| # AnalystsCovering analysts | 53 | 52 |
| Dividend YieldAnnual dividend ÷ price | +4.0% | +3.1% |
| Dividend StreakConsecutive years of raises | 38 | 4 |
| Dividend / ShareAnnual DPS | $6.87 | $1.59 |
| Buyback YieldShare repurchases ÷ mkt cap | +3.4% | 0.0% |
CVX leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
CVX leads in 3 of 6 categories (Profitability & Efficiency, Total Returns). OXY leads in 2 (Income & Cash Flow, Valuation Metrics). 1 tied.
Best OverallChevron Corporation (CVX)Leads 3 of 6 categories
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CVX vs OXY: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is CVX or OXY a better buy right now?
For growth investors, Chevron Corporation (CVX) is the stronger pick with -4.
6% revenue growth year-over-year, versus -20. 3% for Occidental Petroleum Corporation (OXY). Chevron Corporation (CVX) offers the better valuation at 26. 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 OXY?
On trailing P/E, Chevron Corporation (CVX) is the cheapest at 26.
2x versus Occidental Petroleum Corporation at 32. 2x. On forward P/E, Occidental Petroleum Corporation is actually cheaper at 9. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — CVX or OXY?
Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +98.
9%, compared to +98. 1% for Occidental Petroleum Corporation (OXY). Over 10 years, the gap is even starker: CVX returned +122. 6% versus OXY's -11. 8%. 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 OXY?
By beta (market sensitivity over 5 years), Occidental Petroleum Corporation (OXY) is the lower-risk stock at -0.
43β versus Chevron Corporation's -0. 32β — meaning CVX is approximately -25% more volatile than OXY relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 24% versus 65% for Occidental Petroleum Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — CVX or OXY?
By revenue growth (latest reported year), Chevron Corporation (CVX) is pulling ahead at -4.
6% versus -20. 3% for Occidental Petroleum Corporation (OXY). On earnings-per-share growth, the picture is similar: Chevron Corporation grew EPS -31. 8% year-over-year, compared to -34. 0% for Occidental Petroleum 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 OXY?
Occidental Petroleum Corporation (OXY) is the more profitable company, earning 11.
0% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 11. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OXY leads at 17. 2% versus 9. 0% for CVX. At the gross margin level — before operating expenses — OXY leads at 33. 8%, 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 OXY more undervalued right now?
On forward earnings alone, Occidental Petroleum Corporation (OXY) trades at 9.
3x forward P/E versus 12. 1x for Chevron Corporation — 2. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for OXY: 20. 2% to $62. 31.
08Which pays a better dividend — CVX or OXY?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 4. 0%, versus 3. 1% for Occidental Petroleum Corporation (OXY).
09Is CVX or OXY better for a retirement portfolio?
For long-horizon retirement investors, Occidental Petroleum Corporation (OXY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
43), 3. 1% yield). Both have compounded well over 10 years (OXY: -11. 8%, CVX: +122. 6%), 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 OXY?
Both stocks operate in the Energy sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
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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