Oil & Gas Exploration & Production
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OXY vs CVX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
OXY 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 | $58.85B | $384.42B |
| Revenue (TTM) | $23.18B | $184.43B |
| Net Income (TTM) | $4.54B | $12.30B |
| Gross Margin | 23.6% | 30.4% |
| Operating Margin | 11.8% | 9.0% |
| Forward P/E | 14.3x | 15.9x |
| Total Debt | $23.96B | $46.74B |
| Cash & Equiv. | $1.99B | $6.47B |
OXY vs CVX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Occidental Petroleu… (OXY) | 100 | 458.2 | +358.2% |
| Chevron Corporation (CVX) | 100 | 210.1 | +110.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OXY vs CVX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
OXY carries the broadest edge in this set and is the clearest fit for value and quality.
- Lower P/E (14.3x vs 15.9x)
- 19.6% margin vs CVX's 6.7%
- +55.4% vs CVX's +47.3%
CVX is the clearest fit if your priority is income & stability and growth exposure.
- Dividend streak 8 yrs, beta -0.05, yield 3.6%
- Rev growth -4.6%, EPS growth -31.8%, 3Y rev CAGR -7.9%
- 143.3% 10Y total return vs OXY's -1.4%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -4.6% revenue growth vs OXY's -20.3% | |
| Value | Lower P/E (14.3x vs 15.9x) | |
| Quality / Margins | 19.6% margin vs CVX's 6.7% | |
| Stability / Safety | Lower D/E ratio (24.3% vs 65.5%) | |
| Dividends | 3.6% yield, 8-year raise streak, vs OXY's 2.7% | |
| Momentum (1Y) | +55.4% vs CVX's +47.3% | |
| Efficiency (ROA) | 5.4% ROA vs CVX's 4.2%, ROIC 4.7% vs 6.2% |
OXY vs CVX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
OXY 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)
Evenly matched — OXY and CVX each lead in 3 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 19.6% 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 | ||
|---|---|---|
| RevenueTrailing 12 months | $23.2B | $184.4B |
| EBITDAEarnings before interest/tax | $10.5B | $37.1B |
| Net IncomeAfter-tax profit | $4.5B | $12.3B |
| Free Cash FlowCash after capex | $2.2B | $16.2B |
| Gross MarginGross profit ÷ Revenue | +23.6% | +30.4% |
| Operating MarginEBIT ÷ Revenue | +11.8% | +9.0% |
| Net MarginNet income ÷ Revenue | +19.6% | +6.7% |
| FCF MarginFCF ÷ Revenue | +9.5% | +8.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | -24.3% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | -100.0% | -24.5% |
Valuation Metrics
OXY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 29.1x trailing earnings, CVX trades at a 21% valuation discount to OXY's 36.9x P/E. On an enterprise value basis, OXY's 7.1x EV/EBITDA is more attractive than CVX's 11.4x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $58.8B | $384.4B |
| Enterprise ValueMkt cap + debt − cash | $80.8B | $424.7B |
| Trailing P/EPrice ÷ TTM EPS | 36.86x | 29.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 14.29x | 15.86x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 7.11x | 11.44x |
| Price / SalesMarket cap ÷ Revenue | 2.73x | 2.08x |
| Price / BookPrice ÷ Book value/share | 1.62x | 1.86x |
| Price / FCFMarket cap ÷ FCF | 14.34x | 23.17x |
Profitability & Efficiency
CVX leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
OXY delivers a 16.6% return on equity — every $100 of shareholder capital generates $17 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 | ||
|---|---|---|
| ROE (TTM)Return on equity | +16.6% | +7.2% |
| ROA (TTM)Return on assets | +5.4% | +4.2% |
| ROICReturn on invested capital | +4.7% | +6.2% |
| ROCEReturn on capital employed | +4.9% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 |
| Debt / EquityFinancial leverage | 0.65x | 0.24x |
| Net DebtTotal debt minus cash | $22.0B | $40.3B |
| Cash & Equiv.Liquid assets | $2.0B | $6.5B |
| Total DebtShort + long-term debt | $24.0B | $46.7B |
| Interest CoverageEBIT ÷ Interest expense | 2.88x | 17.22x |
Total Returns (Dividends Reinvested)
Evenly matched — OXY and CVX each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in OXY five years ago would be worth $23,183 today (with dividends reinvested), compared to $20,515 for CVX. Over the past 12 months, OXY leads with a +55.4% total return vs CVX's +47.3%. The 3-year compound annual growth rate (CAGR) favors CVX at 9.8% vs OXY's 0.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +40.6% | +24.7% |
| 1-Year ReturnPast 12 months | +55.4% | +47.3% |
| 3-Year ReturnCumulative with dividends | +2.1% | +32.5% |
| 5-Year ReturnCumulative with dividends | +131.8% | +105.2% |
| 10-Year ReturnCumulative with dividends | -1.4% | +143.3% |
| CAGR (3Y)Annualised 3-year return | +0.7% | +9.8% |
Risk & Volatility
Evenly matched — OXY and CVX each lead in 1 of 2 comparable metrics.
Risk & Volatility
OXY is the less volatile stock with a -0.13 beta — it tends to amplify market swings less than CVX's -0.05 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 | -0.13x | -0.05x |
| 52-Week HighHighest price in past year | $67.45 | $214.71 |
| 52-Week LowLowest price in past year | $38.72 | $133.77 |
| % of 52W HighCurrent price vs 52-week peak | +88.0% | +89.7% |
| RSI (14)Momentum oscillator 0–100 | 56.4 | 52.4 |
| Avg Volume (50D)Average daily shares traded | 16.8M | 11.0M |
Analyst Outlook
CVX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates OXY as "Buy" and CVX as "Buy". Consensus price targets imply -0.9% upside for CVX (target: $191) vs -4.6% for OXY (target: $57). For income investors, CVX offers the higher dividend yield at 3.57% vs OXY's 2.69%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $56.64 | $190.93 |
| # AnalystsCovering analysts | 52 | 53 |
| Dividend YieldAnnual dividend ÷ price | +2.7% | +3.6% |
| Dividend StreakConsecutive years of raises | 4 | 8 |
| Dividend / ShareAnnual DPS | $1.59 | $6.87 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +3.1% |
CVX leads in 2 of 6 categories (Profitability & Efficiency, Analyst Outlook). OXY leads in 1 (Valuation Metrics). 3 tied.
OXY vs CVX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is OXY or CVX 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 29. 1x trailing P/E (15. 9x forward), making it the more compelling value choice. Analysts rate Occidental Petroleum Corporation (OXY) a "Buy" — based on 52 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 — OXY or CVX?
On trailing P/E, Chevron Corporation (CVX) is the cheapest at 29.
1x versus Occidental Petroleum Corporation at 36. 9x. On forward P/E, Occidental Petroleum Corporation is actually cheaper at 14. 3x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — OXY or CVX?
Over the past 5 years, Occidental Petroleum Corporation (OXY) delivered a total return of +131.
8%, compared to +105. 2% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CVX returned +143. 3% versus OXY's -1. 4%. 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 — OXY or CVX?
By beta (market sensitivity over 5 years), Occidental Petroleum Corporation (OXY) is the lower-risk stock at -0.
13β versus Chevron Corporation's -0. 05β — meaning CVX is approximately -61% 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 — OXY or CVX?
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 — OXY or CVX?
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 OXY or CVX more undervalued right now?
On forward earnings alone, Occidental Petroleum Corporation (OXY) trades at 14.
3x forward P/E versus 15. 9x for Chevron Corporation — 1. 6x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CVX: -0. 9% to $190. 93.
08Which pays a better dividend — OXY or CVX?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 3. 6%, versus 2. 7% for Occidental Petroleum Corporation (OXY).
09Is OXY 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. 6% yield, +143. 3% 10Y return). Both have compounded well over 10 years (CVX: +143. 3%, OXY: -1. 4%), 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 OXY 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: OXY is a mid-cap quality compounder 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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