Comprehensive Stock Comparison

Compare Chevron Corporation (CVX) vs YPF Sociedad Anónima (YPF) Stock

Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.

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Quick Verdict

CategoryWinnerWhy
GrowthYPF265.7% revenue growth vs CVX's -1.8%
ValueYPFLower P/E (0.0x vs 27.8x)
Quality / MarginsCVX6.6% net margin vs YPF's -3.7%
Stability / SafetyCVXBeta 0.66 vs YPF's 1.20, lower leverage
DividendsCVX3.5% yield; 7-year raise streak; YPF pays no meaningful dividend
Momentum (1Y)CVX+22.1% vs YPF's +1.0%
Efficiency (ROA)CVX3.8% ROA vs YPF's -1.4%, ROIC 12.6% vs 8.1%
Bottom line: CVX leads in 5 of 7 categories, making it the stronger pick for investors who prioritize profitability and margin quality and capital preservation and lower volatility. YPF Sociedad Anónima is the better choice for growth and revenue expansion and valuation and capital efficiency. As direct sector peers, they can serve as alternatives in the same portfolio allocation.

Who Each Stock Is For

Income & stability

Growth exposure

Long-term compounding (10Y)

Sleep-well-at-night portfolio

Defensive / Recession hedge

Business Model

What each company does and how it makes money

CVXChevron Corporation
Energy

Chevron is a global integrated energy company that explores for, produces, and refines oil and natural gas. It makes money primarily through upstream oil and gas production (~60% of earnings) and downstream refining and marketing of petroleum products (~40%). Its competitive advantage lies in massive scale, vertically integrated operations, and decades of technical expertise in complex energy projects.

YPFYPF Sociedad Anónima
Energy

YPF is Argentina's largest integrated oil and gas company, operating across the entire energy value chain from exploration to retail fuel sales. It generates revenue primarily from upstream oil and gas production (roughly 60% of revenue) and downstream refining and marketing operations (roughly 40%), including its extensive network of service stations. The company's key advantage is its dominant position as Argentina's national champion in energy—controlling significant reserves, refineries, and distribution infrastructure that create substantial barriers to entry.

Revenue Breakdown by Segment

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

CVXChevron Corporation
FY 2024
Downstream
75.7%$146.4B
Upstream
24.2%$46.8B
All Other
0.1%$132M
YPFYPF Sociedad Anónima
FY 2024
Diesel
81.8%$6.6B
Crude Oil
12.7%$1.0B
Fertilizers and Crop Protection Products
4.8%$389M
Liquefied Natural Gas Regasification
0.6%$51M

Financial Metrics Comparison

Side-by-side fundamentals across 2 stocks. BestLagging

Financial Scorecard

CVX 4YPF 1
Financial MetricsCVX4/6 metrics
Valuation MetricsYPF5/6 metrics
Profitability & EfficiencyCVX9/9 metrics
Total ReturnsTie3/6 metrics
Risk & VolatilityCVX2/2 metrics
Analyst OutlookCVX1/1 metrics

CVX leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). YPF leads in 1 (Valuation Metrics). 1 tied.

Financial Metrics (TTM)

YPF is the larger business by revenue, generating $16.54T annually — 89.0x CVX's $185.9B. CVX is the more profitable business, keeping 6.6% of every revenue dollar as net income compared to YPF's -3.7%. On growth, YPF holds the edge at +33.9% YoY revenue growth, suggesting stronger near-term business momentum.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
RevenueTrailing 12 months$185.9B$16.54T
EBITDAEarnings before interest/tax$30.4B$2.65T
Net IncomeAfter-tax profit$12.3B-$604.1B
Free Cash FlowCash after capex$16.2B-$259.1B
Gross MarginGross profit ÷ Revenue+14.7%+26.4%
Operating MarginEBIT ÷ Revenue+5.5%+3.6%
Net MarginNet income ÷ Revenue+6.6%-3.7%
FCF MarginFCF ÷ Revenue+8.7%-1.6%
Rev. Growth (YoY)Latest quarter vs prior year-5.3%+33.9%
EPS Growth (YoY)Latest quarter vs prior year-23.6%-120.3%
CVX leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

At 8.0x trailing earnings, YPF trades at a 58% valuation discount to CVX's 19.2x P/E. On an enterprise value basis, YPF's 6.5x EV/EBITDA is more attractive than CVX's 8.3x.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
Market CapShares × price$369.8B$13.9B
Enterprise ValueMkt cap + debt − cash$387.5B$20.1B
Trailing P/EPrice ÷ TTM EPS19.21x7.99x
Forward P/EPrice ÷ next-FY EPS est.27.77x0.01x
PEG RatioP/E ÷ EPS growth rate0.43x
EV / EBITDAEnterprise value multiple8.28x6.51x
Price / SalesMarket cap ÷ Revenue1.91x0.99x
Price / BookPrice ÷ Book value/share2.22x1.60x
Price / FCFMarket cap ÷ FCF24.58x9999.00x
YPF leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

CVX delivers a 6.6% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-4 for YPF. CVX carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to YPF's 0.82x. On the Piotroski fundamental quality scale (0–9), CVX scores 5/9 vs YPF's 4/9, reflecting solid financial health.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
ROE (TTM)Return on equity+6.6%-3.6%
ROA (TTM)Return on assets+3.8%-1.4%
ROICReturn on invested capital+12.6%+8.1%
ROCEReturn on capital employed+13.0%+8.1%
Piotroski ScoreFundamental quality 0–954
Debt / EquityFinancial leverage0.16x0.82x
Net DebtTotal debt minus cash$17.8B$8.83T
Cash & Equiv.Liquid assets$6.8B$1.15T
Total DebtShort + long-term debt$24.5B$9.98T
Interest CoverageEBIT ÷ Interest expense17.22x0.94x
CVX leads this category, winning 9 of 9 comparable metrics.

Total Returns (with DRIP)

A $10,000 investment in YPF five years ago would be worth $85,072 today (with dividends reinvested), compared to $21,326 for CVX. Over the past 12 months, CVX leads with a +22.1% total return vs YPF's +1.0%. The 3-year compound annual growth rate (CAGR) favors YPF at 44.3% vs CVX's 8.7% — a key indicator of consistent wealth creation.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
YTD ReturnYear-to-date+20.9%-2.5%
1-Year ReturnPast 12 months+22.1%+1.0%
3-Year ReturnCumulative with dividends+28.4%+200.7%
5-Year ReturnCumulative with dividends+113.3%+750.7%
10-Year ReturnCumulative with dividends+188.7%+98.5%
CAGR (3Y)Annualised 3-year return+8.7%+44.3%
Evenly matched — CVX and YPF each lead in 3 of 6 comparable metrics.

Risk & Volatility

CVX is the less volatile stock with a 0.66 beta — it tends to amplify market swings less than YPF's 1.20 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVX currently trades 99.4% from its 52-week high vs YPF's 87.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
Beta (5Y)Sensitivity to S&P 5000.66x1.20x
52-Week HighHighest price in past year$187.90$40.38
52-Week LowLowest price in past year$132.04$22.82
% of 52W HighCurrent price vs 52-week peak+99.4%+87.6%
RSI (14)Momentum oscillator 0–10064.743.8
Avg Volume (50D)Average daily shares traded9.5M1.2M
CVX leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Wall Street rates CVX as "Buy" and YPF as "Buy". Consensus price targets imply 32.8% upside for YPF (target: $47) vs -1.2% for CVX (target: $185). CVX is the only dividend payer here at 3.48% yield — a key consideration for income-focused portfolios.

MetricCVXChevron Corporati…YPFYPF Sociedad Anón…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$184.54$47.00
# AnalystsCovering analysts5115
Dividend YieldAnnual dividend ÷ price+3.5%
Dividend StreakConsecutive years of raises71
Dividend / ShareAnnual DPS$6.49
Buyback YieldShare repurchases ÷ mkt cap+4.2%0.0%
CVX leads this category, winning 1 of 1 comparable metric.

Historical Charts

Charts are rendered on first load. Hover for details.

Chart 1Total Return — 5 Years (Rebased to 100)

StockMar 20Feb 26Change
Chevron Corporation (CVX)100180.17+80.2%
YPF Sociedad Anónima (YPF)100483.33+383.3%

YPF Sociedad Anónima (YPF) returned +751% over 5 years vs Chevron Corporation (CVX)'s +113%. A $10,000 investment in YPF 5 years ago would be worth $85,072 today (including dividends reinvested).

Chart 2Revenue Growth — 10 Years

Stock20152024Change
Chevron Corporation (CVX)$129.9B$193.4B+48.9%
YPF Sociedad Anónima (YPF)$156.1B$19.7T+12515.7%

Chevron Corporation's revenue grew from $129.9B (2015) to $193.4B (2024) — a 4.5% CAGR. YPF Sociedad Anónima's revenue grew from $156.1B (2015) to $19.7T (2024) — a 71.2% CAGR.

Chart 3Net Margin Trend — 10 Years

Stock20152024Change
Chevron Corporation (CVX)3.5%9.1%+158.6%
YPF Sociedad Anónima (YPF)2.9%12.3%+318.7%

Chevron Corporation's net margin went from 4% (2015) to 9% (2024). YPF Sociedad Anónima's net margin went from 3% (2015) to 12% (2024).

Chart 4P/E Ratio History — 7 Years

Stock20172024Change
Chevron Corporation (CVX)25.814.9-42.2%
YPF Sociedad Anónima (YPF)0.70-100.0%

Chevron Corporation has traded in a 10x–78x P/E range over 7 years; current trailing P/E is ~19x. YPF Sociedad Anónima has traded in a 0x–1x P/E range over 4 years; current trailing P/E is ~8x.

Chart 5EPS Growth — 10 Years

Stock20152024Change
Chevron Corporation (CVX)2.459.72+296.7%
YPF Sociedad Anónima (YPF)11.686,241.8+53340.1%

Chevron Corporation's EPS grew from $2.45 (2015) to $9.72 (2024) — a 17% CAGR. YPF Sociedad Anónima's EPS grew from $11.68 (2015) to $6241.80 (2024) — a 101% CAGR.

Chart 6Free Cash Flow — 5 Years

2021
$21B
$165B
2022
$38B
$205B
2023
$20B
$-8B
2024
$15B
$477M
Chevron Corporation (CVX)YPF Sociedad Anónima (YPF)

Chevron Corporation generated $15B FCF in 2024 (-29% vs 2021). YPF Sociedad Anónima generated $477M FCF in 2024 (-100% vs 2021).

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CVX vs YPF: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is CVX or YPF a better buy right now?

YPF Sociedad Anónima (YPF) offers the better valuation at 8.0x trailing P/E (0.0x forward), making it the more compelling value choice. Analysts rate Chevron Corporation (CVX) a "Buy" — based on 51 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 — CVX or YPF?

On trailing P/E, YPF Sociedad Anónima (YPF) is the cheapest at 8.0x versus Chevron Corporation at 19.2x. On forward P/E, YPF Sociedad Anónima is actually cheaper at 0.0x.

03

Which is the better long-term investment — CVX or YPF?

Over the past 5 years, YPF Sociedad Anónima (YPF) delivered a total return of +750.7%, compared to +113.3% for Chevron Corporation (CVX). A $10,000 investment in YPF five years ago would be worth approximately $85K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CVX returned +188.7% versus YPF's +98.5%. 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 — CVX or YPF?

By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at 0.66β versus YPF Sociedad Anónima's 1.20β — meaning YPF is approximately 81% more volatile than CVX relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 16% versus 82% for YPF Sociedad Anónima — giving it more financial flexibility in a downturn.

05

Which has better profit margins — CVX or YPF?

YPF Sociedad Anónima (YPF) is the more profitable company, earning 12.3% net margin versus 9.1% for Chevron Corporation — meaning it keeps 12.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CVX leads at 15.0% versus 7.7% for YPF. At the gross margin level — before operating expenses — CVX leads at 29.4%, 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.

06

Is CVX or YPF more undervalued right now?

On forward earnings alone, YPF Sociedad Anónima (YPF) trades at 0.0x forward P/E versus 27.8x for Chevron Corporation — 27.8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for YPF: 32.8% to $47.00.

07

Which pays a better dividend — CVX or YPF?

In this comparison, CVX (3.5% yield) pays a dividend. YPF does not pay a meaningful dividend and should not be held primarily for income.

08

Is CVX or YPF 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 0.66), 3.5% yield, +188.7% 10Y return). Both have compounded well over 10 years (CVX: +188.7%, YPF: +98.5%), 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.

09

What are the main differences between CVX and YPF?

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; YPF is a mid-cap deep-value stock. CVX pays a dividend while YPF does not, making them suitable for different income and tax situations. 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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CVX

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.3%
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YPF

High-Growth Disruptor

  • Sector: Energy
  • Market Cap > $100B
  • Revenue Growth > 16%
  • Gross Margin > 15%
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Better Than Both

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Revenue Growth>
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(CVX: -5.3% · YPF: 33.9%)
P/E Ratio<
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(CVX: 19.2x · YPF: 8.0x)