PBR
Petróleo Brasileiro S.A. - Petrobras
Oil & Gas Integrated
Market Cap$81.01B
5Y Perf.+185.3%
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Stock Comparison
PBR vs CVX
Revenue, margins, valuation, and 5-year total return — side by side.
CVX
Chevron Corporation
Oil & Gas Integrated
Market Cap$384.42B
5Y Perf.+110.1%
PBR vs CVX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | PBR | CVX |
|---|---|---|
| Industry | Oil & Gas Integrated | Oil & Gas Integrated |
| Market Cap | $81.01B | $384.42B |
| Revenue (TTM) | $86.40B | $184.43B |
| Net Income (TTM) | $13.96B | $12.30B |
| Gross Margin | 48.1% | 30.4% |
| Operating Margin | 25.3% | 9.0% |
| Forward P/E | 5.8x | 15.9x |
| Total Debt | $60.31B | $46.74B |
| Cash & Equiv. | $3.27B | $6.47B |
PBR vs CVX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
PBR
CVX
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Petróleo Brasileiro… (PBR) | 100 | 285.3 | +185.3% |
| Chevron Corporation (CVX) | 100 | 210.1 | +110.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: PBR vs CVX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: PBR leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Chevron Corporation is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
PBR
Petróleo Brasileiro S.A. - Petrobras
The Income Pick
PBR carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.13, yield 26.1%
- 429.9% 10Y total return vs CVX's 143.3%
- Beta 0.13, yield 26.1%, current ratio 0.69x
Best for: income & stability and long-term compounding
CVX
Chevron Corporation
The Growth Play
CVX is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth -4.6%, EPS growth -31.8%, 3Y rev CAGR -7.9%
- Lower volatility, beta -0.05, Low D/E 24.3%, current ratio 1.15x
- -4.6% revenue growth vs PBR's -13.4%
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CVX | -4.6% revenue growth vs PBR's -13.4% |
| Value | PBR | Lower P/E (5.8x vs 15.9x) |
| Quality / Margins | PBR | 16.2% margin vs CVX's 6.7% |
| Stability / Safety | CVX | Lower D/E ratio (24.3% vs 101.6%) |
| Dividends | PBR | 26.1% yield, vs CVX's 3.6% |
| Momentum (1Y) | PBR | +104.5% vs CVX's +47.3% |
| Efficiency (ROA) | PBR | 6.8% ROA vs CVX's 4.2%, ROIC 15.7% vs 6.2% |
PBR vs CVX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2019
FY 2025
PBR vs CVX — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLPBRLAGGINGCVX
CVXChevron Corporation
0leads
PBRPetróleo Brasileiro S…
3leads
6 Total Categories
CATEGORYLEADERvs CVXMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
PBR6/6
Valuation MetricsMultiples, price ratios, and targets
PBR6/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
PBR6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
PBR leads this category, winning 6 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVX is the larger business by revenue, generating $184.4B annually — 2.1x PBR's $86.4B. PBR is the more profitable business, keeping 16.2% of every revenue dollar as net income compared to CVX's 6.7%. On growth, PBR holds the edge at +0.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| RevenueTrailing 12 months | $86.4B | $184.4B |
| EBITDAEarnings before interest/tax | $35.9B | $37.1B |
| Net IncomeAfter-tax profit | $14.0B | $12.3B |
| Free Cash FlowCash after capex | $16.7B | $16.2B |
| Gross MarginGross profit ÷ Revenue | +48.1% | +30.4% |
| Operating MarginEBIT ÷ Revenue | +25.3% | +9.0% |
| Net MarginNet income ÷ Revenue | +16.2% | +6.7% |
| FCF MarginFCF ÷ Revenue | +19.4% | +8.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +0.5% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +2.2% | -24.5% |
PBR leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
PBR leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 9.3x trailing earnings, PBR trades at a 68% valuation discount to CVX's 29.1x P/E. On an enterprise value basis, PBR's 3.6x EV/EBITDA is more attractive than CVX's 11.4x.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| Market CapShares × price | $81.0B | $384.4B |
| Enterprise ValueMkt cap + debt − cash | $138.0B | $424.7B |
| Trailing P/EPrice ÷ TTM EPS | 9.30x | 29.06x |
| Forward P/EPrice ÷ next-FY EPS est. | 5.81x | 15.86x |
| PEG RatioP/E ÷ EPS growth rate | 0.22x | — |
| EV / EBITDAEnterprise value multiple | 3.62x | 11.44x |
| Price / SalesMarket cap ÷ Revenue | 0.89x | 2.08x |
| Price / BookPrice ÷ Book value/share | 1.18x | 1.86x |
| Price / FCFMarket cap ÷ FCF | 3.47x | 23.17x |
PBR leads this category, winning 6 of 6 comparable metrics.
Profitability & Efficiency
Evenly matched — PBR and CVX each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
PBR delivers a 19.8% return on equity — every $100 of shareholder capital generates $20 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 PBR's 1.02x.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| ROE (TTM)Return on equity | +19.8% | +7.2% |
| ROA (TTM)Return on assets | +6.8% | +4.2% |
| ROICReturn on invested capital | +15.7% | +6.2% |
| ROCEReturn on capital employed | +15.4% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 1.02x | 0.24x |
| Net DebtTotal debt minus cash | $57.0B | $40.3B |
| Cash & Equiv.Liquid assets | $3.3B | $6.5B |
| Total DebtShort + long-term debt | $60.3B | $46.7B |
| Interest CoverageEBIT ÷ Interest expense | 7.96x | 17.22x |
Evenly matched — PBR and CVX each lead in 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
PBR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in PBR five years ago would be worth $42,285 today (with dividends reinvested), compared to $20,515 for CVX. Over the past 12 months, PBR leads with a +104.5% total return vs CVX's +47.3%. The 3-year compound annual growth rate (CAGR) favors PBR at 36.5% vs CVX's 9.8% — a key indicator of consistent wealth creation.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| YTD ReturnYear-to-date | +84.3% | +24.7% |
| 1-Year ReturnPast 12 months | +104.5% | +47.3% |
| 3-Year ReturnCumulative with dividends | +154.3% | +32.5% |
| 5-Year ReturnCumulative with dividends | +322.9% | +105.2% |
| 10-Year ReturnCumulative with dividends | +429.9% | +143.3% |
| CAGR (3Y)Annualised 3-year return | +36.5% | +9.8% |
PBR leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — PBR and CVX each lead in 1 of 2 comparable metrics.
Risk & Volatility
CVX is the less volatile stock with a -0.05 beta — it tends to amplify market swings less than PBR's 0.13 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. PBR currently trades 97.9% from its 52-week high vs CVX's 89.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.13x | -0.05x |
| 52-Week HighHighest price in past year | $22.24 | $214.71 |
| 52-Week LowLowest price in past year | $11.04 | $133.77 |
| % of 52W HighCurrent price vs 52-week peak | +97.9% | +89.7% |
| RSI (14)Momentum oscillator 0–100 | 62.6 | 52.4 |
| Avg Volume (50D)Average daily shares traded | 29.4M | 11.0M |
Evenly matched — PBR and CVX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — PBR and CVX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates PBR as "Buy" and CVX as "Buy". Consensus price targets imply -0.9% upside for CVX (target: $191) vs -14.2% for PBR (target: $19). For income investors, PBR offers the higher dividend yield at 26.13% vs CVX's 3.57%.
| Metric | PBRPetróleo Brasilei… | CVXChevron Corporati… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $18.67 | $190.93 |
| # AnalystsCovering analysts | 22 | 53 |
| Dividend YieldAnnual dividend ÷ price | +26.1% | +3.6% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | $5.69 | $6.87 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | +3.1% |
Evenly matched — PBR and CVX each lead in 1 of 2 comparable metrics.
Key Takeaway
PBR leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 3 categories are tied.
Best OverallPetróleo Brasileiro S.A. - … (PBR)Leads 3 of 6 categories
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PBR vs CVX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is PBR 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 -13. 4% for Petróleo Brasileiro S. A. - Petrobras (PBR). Petróleo Brasileiro S. A. - Petrobras (PBR) offers the better valuation at 9. 3x trailing P/E (5. 8x forward), making it the more compelling value choice. Analysts rate Petróleo Brasileiro S. A. - Petrobras (PBR) a "Buy" — based on 22 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 — PBR or CVX?
On trailing P/E, Petróleo Brasileiro S.
A. - Petrobras (PBR) is the cheapest at 9. 3x versus Chevron Corporation at 29. 1x. On forward P/E, Petróleo Brasileiro S. A. - Petrobras is actually cheaper at 5. 8x.
03Which is the better long-term investment — PBR or CVX?
Over the past 5 years, Petróleo Brasileiro S.
A. - Petrobras (PBR) delivered a total return of +322. 9%, compared to +105. 2% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: PBR returned +429. 9% versus CVX's +143. 3%. 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 — PBR or CVX?
By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at -0.
05β versus Petróleo Brasileiro S. A. - Petrobras's 0. 13β — meaning PBR is approximately -356% more volatile than CVX relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 24% versus 102% for Petróleo Brasileiro S. A. - Petrobras — giving it more financial flexibility in a downturn.
05Which is growing faster — PBR or CVX?
By revenue growth (latest reported year), Chevron Corporation (CVX) is pulling ahead at -4.
6% versus -13. 4% for Petróleo Brasileiro S. A. - Petrobras (PBR). On earnings-per-share growth, the picture is similar: Chevron Corporation grew EPS -31. 8% year-over-year, compared to -70. 3% for Petróleo Brasileiro S. A. - Petrobras. Over a 3-year CAGR, PBR leads at 2. 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 — PBR or CVX?
Petróleo Brasileiro S.
A. - Petrobras (PBR) is the more profitable company, earning 8. 2% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 8. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PBR leads at 28. 1% versus 9. 0% for CVX. At the gross margin level — before operating expenses — PBR leads at 50. 3%, 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 PBR or CVX more undervalued right now?
On forward earnings alone, Petróleo Brasileiro S.
A. - Petrobras (PBR) trades at 5. 8x forward P/E versus 15. 9x for Chevron Corporation — 10. 0x 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 — PBR or CVX?
All stocks in this comparison pay dividends.
Petróleo Brasileiro S. A. - Petrobras (PBR) offers the highest yield at 26. 1%, versus 3. 6% for Chevron Corporation (CVX).
09Is PBR or CVX better for a retirement portfolio?
For long-horizon retirement investors, Petróleo Brasileiro S.
A. - Petrobras (PBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 13), 26. 1% yield, +429. 9% 10Y return). Both have compounded well over 10 years (PBR: +429. 9%, CVX: +143. 3%), 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 PBR 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: PBR is a mid-cap deep-value 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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Revenue Growth>
%
(PBR: 0.5% · CVX: -5.3%)Net Margin>
%
(PBR: 16.2% · CVX: 6.7%)P/E Ratio<
x
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