Oil & Gas Midstream
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NGL vs XOM vs CVX vs OXY
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
Oil & Gas Integrated
Oil & Gas Exploration & Production
NGL vs XOM vs CVX vs OXY — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Integrated | Oil & Gas Integrated | Oil & Gas Exploration & Production |
| Market Cap | $2.00B | $620.85B | $364.18B | $53.66B |
| Revenue (TTM) | $3.03B | $323.90B | $184.43B | $23.18B |
| Net Income (TTM) | $159M | $28.84B | $12.30B | $4.71B |
| Gross Margin | 46.8% | 21.7% | 30.4% | 26.2% |
| Operating Margin | 13.3% | 10.5% | 9.0% | 12.4% |
| Forward P/E | 47.4x | 14.8x | 15.0x | 13.0x |
| Total Debt | $3.08B | $43.54B | $46.74B | $23.96B |
| Cash & Equiv. | $6M | $10.68B | $6.47B | $1.99B |
NGL vs XOM vs CVX vs OXY — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| NGL Energy Partners… (NGL) | 100 | 316.3 | +216.3% |
| Exxon Mobil Corpora… (XOM) | 100 | 322.2 | +222.2% |
| Chevron Corporation (CVX) | 100 | 199.0 | +99.0% |
| Occidental Petroleu… (OXY) | 100 | 416.6 | +316.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: NGL vs XOM vs CVX vs OXY
Each card shows where this stock fits in a portfolio — not just who wins on paper.
NGL is the #2 pick in this set and the best alternative if defensive is your priority.
- Beta 0.67, yield 14.3%, current ratio 1.30x
- 14.3% yield, 2-year raise streak, vs XOM's 2.7%
- +417.0% vs CVX's +39.5%
XOM carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth -4.5%, EPS growth -14.5%, 3Y rev CAGR -6.7%
- 105.0% 10Y total return vs NGL's 78.8%
- Lower volatility, beta -0.15, Low D/E 16.3%, current ratio 1.15x
- -4.5% revenue growth vs OXY's -20.3%
CVX is the clearest fit if your priority is income & stability.
- Dividend streak 8 yrs, beta -0.05, yield 3.8%
OXY is the clearest fit if your priority is value and quality.
- Lower P/E (13.0x vs 15.0x)
- 20.3% margin vs NGL's 5.3%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -4.5% revenue growth vs OXY's -20.3% | |
| Value | Lower P/E (13.0x vs 15.0x) | |
| Quality / Margins | 20.3% margin vs NGL's 5.3% | |
| Stability / Safety | Lower D/E ratio (16.3% vs 442.2%) | |
| Dividends | 14.3% yield, 2-year raise streak, vs XOM's 2.7% | |
| Momentum (1Y) | +417.0% vs CVX's +39.5% | |
| Efficiency (ROA) | 6.4% ROA vs NGL's 3.6%, ROIC 8.6% vs 6.4% |
NGL vs XOM vs CVX vs OXY — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
NGL vs XOM vs CVX vs OXY — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
NGL leads in 2 of 6 categories
OXY leads 1 • XOM leads 1 • CVX leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
NGL 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 — 107.0x NGL's $3.0B. OXY is the more profitable business, keeping 20.3% of every revenue dollar as net income compared to NGL's 5.3%. On growth, XOM holds the edge at -1.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $3.0B | $323.9B | $184.4B | $23.2B |
| EBITDAEarnings before interest/tax | $672M | $59.9B | $37.1B | $10.6B |
| Net IncomeAfter-tax profit | $159M | $28.8B | $12.3B | $4.7B |
| Free Cash FlowCash after capex | $291M | $23.6B | $16.2B | $3.6B |
| Gross MarginGross profit ÷ Revenue | +46.8% | +21.7% | +30.4% | +26.2% |
| Operating MarginEBIT ÷ Revenue | +13.3% | +10.5% | +9.0% | +12.4% |
| Net MarginNet income ÷ Revenue | +5.3% | +8.9% | +6.7% | +20.3% |
| FCF MarginFCF ÷ Revenue | +9.6% | +7.3% | +8.8% | +15.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -41.3% | -1.3% | -5.3% | -23.1% |
| EPS Growth (YoY)Latest quarter vs prior year | +4.2% | -11.0% | -24.5% | +3.1% |
Valuation Metrics
OXY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 21.9x trailing earnings, XOM trades at a 35% valuation discount to OXY's 33.5x P/E. On an enterprise value basis, OXY's 6.7x EV/EBITDA is more attractive than XOM's 10.9x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $2.0B | $620.8B | $364.2B | $53.7B |
| Enterprise ValueMkt cap + debt − cash | $5.1B | $653.7B | $404.5B | $75.6B |
| Trailing P/EPrice ÷ TTM EPS | -26.88x | 21.86x | 27.53x | 33.51x |
| Forward P/EPrice ÷ next-FY EPS est. | 47.44x | 14.79x | 15.02x | 12.99x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | 8.51x | 10.91x | 10.89x | 6.66x |
| Price / SalesMarket cap ÷ Revenue | 0.58x | 1.92x | 1.97x | 2.49x |
| Price / BookPrice ÷ Book value/share | 3.05x | 2.37x | 1.76x | 1.47x |
| Price / FCFMarket cap ÷ FCF | 38.67x | 26.29x | 21.95x | 13.07x |
Profitability & Efficiency
XOM leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
NGL delivers a 132.6% return on equity — every $100 of shareholder capital generates $133 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 NGL's 4.42x. On the Piotroski fundamental quality scale (0–9), NGL scores 7/9 vs XOM's 3/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +132.6% | +10.7% | +7.2% | +12.6% |
| ROA (TTM)Return on assets | +3.6% | +6.4% | +4.2% | +5.6% |
| ROICReturn on invested capital | +6.4% | +8.6% | +6.2% | +4.7% |
| ROCEReturn on capital employed | +8.3% | +8.9% | +6.6% | +4.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 3 | 5 | 4 |
| Debt / EquityFinancial leverage | 4.42x | 0.16x | 0.24x | 0.65x |
| Net DebtTotal debt minus cash | $3.1B | $32.9B | $40.3B | $22.0B |
| Cash & Equiv.Liquid assets | $6M | $10.7B | $6.5B | $2.0B |
| Total DebtShort + long-term debt | $3.1B | $43.5B | $46.7B | $24.0B |
| Interest CoverageEBIT ÷ Interest expense | 2.15x | 69.44x | 17.22x | 3.25x |
Total Returns (Dividends Reinvested)
NGL leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in NGL five years ago would be worth $72,658 today (with dividends reinvested), compared to $19,396 for CVX. Over the past 12 months, NGL leads with a +417.0% total return vs CVX's +39.5%. The 3-year compound annual growth rate (CAGR) favors NGL at 80.6% vs OXY's -1.4% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +62.9% | +20.3% | +18.2% | +27.9% |
| 1-Year ReturnPast 12 months | +417.0% | +43.9% | +39.5% | +40.8% |
| 3-Year ReturnCumulative with dividends | +488.7% | +44.9% | +26.7% | -4.0% |
| 5-Year ReturnCumulative with dividends | +626.6% | +164.6% | +94.0% | +109.3% |
| 10-Year ReturnCumulative with dividends | +78.8% | +105.0% | +135.8% | -7.7% |
| CAGR (3Y)Annualised 3-year return | +80.6% | +13.2% | +8.2% | -1.4% |
Risk & Volatility
Evenly matched — NGL 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 NGL's 0.67 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. NGL currently trades 96.6% from its 52-week high vs OXY's 80.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.67x | -0.15x | -0.05x | -0.13x |
| 52-Week HighHighest price in past year | $16.69 | $176.41 | $214.71 | $67.45 |
| 52-Week LowLowest price in past year | $2.98 | $101.19 | $133.77 | $38.72 |
| % of 52W HighCurrent price vs 52-week peak | +96.6% | +83.0% | +85.0% | +80.0% |
| RSI (14)Momentum oscillator 0–100 | 65.0 | 42.4 | 42.1 | 41.5 |
| Avg Volume (50D)Average daily shares traded | 238K | 18.9M | 11.0M | 17.2M |
Analyst Outlook
Evenly matched — NGL and XOM each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: NGL as "Hold", XOM as "Hold", CVX as "Buy", OXY as "Buy". Consensus price targets imply 9.5% upside for XOM (target: $160) vs -87.6% for NGL (target: $2). For income investors, NGL offers the higher dividend yield at 14.34% vs XOM's 2.73%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | $2.00 | $160.43 | $190.93 | $56.64 |
| # AnalystsCovering analysts | 17 | 55 | 53 | 52 |
| Dividend YieldAnnual dividend ÷ price | +14.3% | +2.7% | +3.8% | +3.0% |
| Dividend StreakConsecutive years of raises | 2 | 26 | 8 | 4 |
| Dividend / ShareAnnual DPS | $2.31 | $4.00 | $6.87 | $1.59 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +3.3% | +3.3% | 0.0% |
NGL leads in 2 of 6 categories (Income & Cash Flow, Total Returns). OXY leads in 1 (Valuation Metrics). 2 tied.
NGL vs XOM vs CVX vs OXY: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is NGL or XOM or CVX or OXY a better buy right now?
For growth investors, Exxon Mobil Corporation (XOM) is the stronger pick with -4.
5% revenue growth year-over-year, versus -20. 3% for Occidental Petroleum Corporation (OXY). Exxon Mobil Corporation (XOM) offers the better valuation at 21. 9x trailing P/E (14. 8x 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 — NGL or XOM or CVX or OXY?
On trailing P/E, Exxon Mobil Corporation (XOM) is the cheapest at 21.
9x versus Occidental Petroleum Corporation at 33. 5x. On forward P/E, Occidental Petroleum Corporation is actually cheaper at 13. 0x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — NGL or XOM or CVX or OXY?
Over the past 5 years, NGL Energy Partners LP (NGL) delivered a total return of +626.
6%, compared to +94. 0% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CVX returned +135. 8% versus OXY's -7. 7%. 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 — NGL or XOM or CVX or OXY?
By beta (market sensitivity over 5 years), Exxon Mobil Corporation (XOM) is the lower-risk stock at -0.
15β versus NGL Energy Partners LP's 0. 67β — meaning NGL is approximately -558% 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 4% for NGL Energy Partners LP — giving it more financial flexibility in a downturn.
05Which is growing faster — NGL or XOM or CVX or OXY?
By revenue growth (latest reported year), Exxon Mobil Corporation (XOM) is pulling ahead at -4.
5% versus -20. 3% for Occidental Petroleum Corporation (OXY). On earnings-per-share growth, the picture is similar: NGL Energy Partners LP grew EPS 72. 0% year-over-year, compared to -34. 0% for Occidental Petroleum 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 — NGL or XOM or CVX or OXY?
Occidental Petroleum Corporation (OXY) is the more profitable company, earning 11.
0% net margin versus 1. 1% for NGL Energy Partners LP — 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 NGL or XOM or CVX or OXY more undervalued right now?
On forward earnings alone, Occidental Petroleum Corporation (OXY) trades at 13.
0x forward P/E versus 47. 4x for NGL Energy Partners LP — 34. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for XOM: 9. 5% to $160. 43.
08Which pays a better dividend — NGL or XOM or CVX or OXY?
All stocks in this comparison pay dividends.
NGL Energy Partners LP (NGL) offers the highest yield at 14. 3%, versus 2. 7% for Exxon Mobil Corporation (XOM).
09Is NGL or XOM or CVX or OXY better for a retirement portfolio?
For long-horizon retirement investors, Exxon Mobil Corporation (XOM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0.
15), 2. 7% yield, +105. 0% 10Y return). Both have compounded well over 10 years (XOM: +105. 0%, NGL: +78. 8%), 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 NGL and XOM and 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.
In terms of investment character: NGL is a small-cap income-oriented stock; XOM is a large-cap quality compounder stock; CVX is a large-cap income-oriented stock; OXY 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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