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Stock Comparison

SHEL vs CVX

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
SHEL
Shell plc

Oil & Gas Integrated

EnergyNYSE • GB
Market Cap$253.93B
5Y Perf.+180.8%
CVX
Chevron Corporation

Oil & Gas Integrated

EnergyNYSE • US
Market Cap$384.42B
5Y Perf.+110.1%

SHEL vs CVX — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
SHEL logoSHEL
CVX logoCVX
IndustryOil & Gas IntegratedOil & Gas Integrated
Market Cap$253.93B$384.42B
Revenue (TTM)$266.38B$184.43B
Net Income (TTM)$17.80B$12.30B
Gross Margin16.4%30.4%
Operating Margin11.1%9.0%
Forward P/E9.1x15.9x
Total Debt$104.58B$46.74B
Cash & Equiv.$30.22B$6.47B

SHEL vs CVXLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

SHEL
CVX
StockMay 20May 26Return
Shell plc (SHEL)100280.8+180.8%
Chevron Corporation (CVX)100210.1+110.1%

Price return only. Dividends and distributions are not included.

Quick Verdict: SHEL vs CVX

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. Shell plc 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.
SHEL
Shell plc
The Defensive Pick

SHEL is the clearest fit if your priority is sleep-well-at-night and defensive.

  • Lower volatility, beta 0.19, Low D/E 59.6%, current ratio 1.30x
  • Beta 0.19, yield 3.2%, current ratio 1.30x
  • Lower P/E (9.1x vs 15.9x)
Best for: sleep-well-at-night and defensive
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 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 SHEL's 134.0%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthCVX logoCVX-4.6% revenue growth vs SHEL's -5.9%
ValueSHEL logoSHELLower P/E (9.1x vs 15.9x)
Quality / MarginsSHEL logoSHEL6.7% margin vs CVX's 6.7%
Stability / SafetyCVX logoCVXLower D/E ratio (24.3% vs 59.6%)
DividendsCVX logoCVX3.6% yield, 8-year raise streak, vs SHEL's 3.2%
Momentum (1Y)CVX logoCVX+47.3% vs SHEL's +42.2%
Efficiency (ROA)SHEL logoSHEL4.7% ROA vs CVX's 4.2%, ROIC 6.3% vs 6.2%

SHEL vs CVX — Revenue Breakdown by Segment

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

SHELShell plc
FY 2025
Natural Gas and Natural Gas Liquids (NGL)
41.5%$56.3B
Crude Oil
26.3%$35.7B
Other Contracts
14.7%$20.0B
Power
9.0%$12.3B
Lubricants
8.5%$11.5B
CVXChevron Corporation
FY 2025
Downstream
61.1%$72.5B
Upstream
38.4%$45.5B
All Other Segments
0.5%$644M

SHEL vs CVX — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLSHELLAGGINGCVX

Income & Cash Flow (Last 12 Months)

SHEL leads this category, winning 4 of 6 comparable metrics.

SHEL and CVX operate at a comparable scale, with $266.4B and $184.4B in trailing revenue. Profitability is closely matched — net margins range from 6.7% (SHEL) to 6.7% (CVX).

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
RevenueTrailing 12 months$266.4B$184.4B
EBITDAEarnings before interest/tax$51.8B$37.1B
Net IncomeAfter-tax profit$17.8B$12.3B
Free Cash FlowCash after capex$22.7B$16.2B
Gross MarginGross profit ÷ Revenue+16.4%+30.4%
Operating MarginEBIT ÷ Revenue+11.1%+9.0%
Net MarginNet income ÷ Revenue+6.7%+6.7%
FCF MarginFCF ÷ Revenue+8.5%+8.8%
Rev. Growth (YoY)Latest quarter vs prior year-3.4%-5.3%
EPS Growth (YoY)Latest quarter vs prior year+3.7%-24.5%
SHEL leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

SHEL leads this category, winning 6 of 6 comparable metrics.

At 14.9x trailing earnings, SHEL trades at a 49% valuation discount to CVX's 29.1x P/E. On an enterprise value basis, SHEL's 7.9x EV/EBITDA is more attractive than CVX's 11.4x.

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
Market CapShares × price$253.9B$384.4B
Enterprise ValueMkt cap + debt − cash$328.3B$424.7B
Trailing P/EPrice ÷ TTM EPS14.90x29.06x
Forward P/EPrice ÷ next-FY EPS est.9.15x15.86x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple7.86x11.44x
Price / SalesMarket cap ÷ Revenue0.95x2.08x
Price / BookPrice ÷ Book value/share1.52x1.86x
Price / FCFMarket cap ÷ FCF11.64x23.17x
SHEL leads this category, winning 6 of 6 comparable metrics.

Profitability & Efficiency

SHEL leads this category, winning 5 of 9 comparable metrics.

SHEL delivers a 9.9% return on equity — every $100 of shareholder capital generates $10 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 SHEL's 0.60x. On the Piotroski fundamental quality scale (0–9), SHEL scores 6/9 vs CVX's 5/9, reflecting solid financial health.

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
ROE (TTM)Return on equity+9.9%+7.2%
ROA (TTM)Return on assets+4.7%+4.2%
ROICReturn on invested capital+6.3%+6.2%
ROCEReturn on capital employed+6.7%+6.6%
Piotroski ScoreFundamental quality 0–965
Debt / EquityFinancial leverage0.60x0.24x
Net DebtTotal debt minus cash$74.4B$40.3B
Cash & Equiv.Liquid assets$30.2B$6.5B
Total DebtShort + long-term debt$104.6B$46.7B
Interest CoverageEBIT ÷ Interest expense7.01x17.22x
SHEL leads this category, winning 5 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — SHEL and CVX each lead in 3 of 6 comparable metrics.

A $10,000 investment in SHEL five years ago would be worth $25,597 today (with dividends reinvested), compared to $20,515 for CVX. Over the past 12 months, CVX leads with a +47.3% total return vs SHEL's +42.2%. The 3-year compound annual growth rate (CAGR) favors SHEL at 17.0% vs CVX's 9.8% — a key indicator of consistent wealth creation.

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
YTD ReturnYear-to-date+19.9%+24.7%
1-Year ReturnPast 12 months+42.2%+47.3%
3-Year ReturnCumulative with dividends+60.3%+32.5%
5-Year ReturnCumulative with dividends+156.0%+105.2%
10-Year ReturnCumulative with dividends+134.0%+143.3%
CAGR (3Y)Annualised 3-year return+17.0%+9.8%
Evenly matched — SHEL and CVX each lead in 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — SHEL and CVX each lead in 1 of 2 comparable metrics.

CVX is the less volatile stock with a -0.05 beta — it tends to amplify market swings less than SHEL's 0.19 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SHEL currently trades 94.5% from its 52-week high vs CVX's 89.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
Beta (5Y)Sensitivity to S&P 5000.19x-0.05x
52-Week HighHighest price in past year$94.90$214.71
52-Week LowLowest price in past year$64.81$133.77
% of 52W HighCurrent price vs 52-week peak+94.5%+89.7%
RSI (14)Momentum oscillator 0–10049.652.4
Avg Volume (50D)Average daily shares traded7.9M11.0M
Evenly matched — SHEL and CVX each lead in 1 of 2 comparable metrics.

Analyst Outlook

CVX leads this category, winning 2 of 2 comparable metrics.

Wall Street rates SHEL as "Buy" and CVX as "Buy". Consensus price targets imply 5.5% upside for SHEL (target: $95) vs -0.9% for CVX (target: $191). For income investors, CVX offers the higher dividend yield at 3.57% vs SHEL's 3.18%.

MetricSHEL logoSHELShell plcCVX logoCVXChevron Corporati…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$94.67$190.93
# AnalystsCovering analysts1253
Dividend YieldAnnual dividend ÷ price+3.2%+3.6%
Dividend StreakConsecutive years of raises48
Dividend / ShareAnnual DPS$2.85$6.87
Buyback YieldShare repurchases ÷ mkt cap+6.0%+3.1%
CVX leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

SHEL leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). CVX leads in 1 (Analyst Outlook). 2 tied.

Best OverallShell plc (SHEL)Leads 3 of 6 categories
Loading custom metrics...

SHEL vs CVX: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is SHEL 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 -5. 9% for Shell plc (SHEL). Shell plc (SHEL) offers the better valuation at 14. 9x trailing P/E (9. 1x forward), making it the more compelling value choice. Analysts rate Shell plc (SHEL) a "Buy" — based on 12 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 — SHEL or CVX?

On trailing P/E, Shell plc (SHEL) is the cheapest at 14.

9x versus Chevron Corporation at 29. 1x. On forward P/E, Shell plc is actually cheaper at 9. 1x.

03

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

Over the past 5 years, Shell plc (SHEL) delivered a total return of +156.

0%, compared to +105. 2% for Chevron Corporation (CVX). Over 10 years, the gap is even starker: CVX returned +143. 3% versus SHEL's +134. 0%. 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 — SHEL or CVX?

By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at -0.

05β versus Shell plc's 0. 19β — meaning SHEL is approximately -463% 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 60% for Shell plc — giving it more financial flexibility in a downturn.

05

Which is growing faster — SHEL or CVX?

By revenue growth (latest reported year), Chevron Corporation (CVX) is pulling ahead at -4.

6% versus -5. 9% for Shell plc (SHEL). On earnings-per-share growth, the picture is similar: Shell plc grew EPS 19. 0% year-over-year, compared to -31. 8% for Chevron 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.

06

Which has better profit margins — SHEL or CVX?

Shell plc (SHEL) is the more profitable company, earning 6.

7% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 6. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CVX leads at 9. 0% versus 7. 3% for SHEL. At the gross margin level — before operating expenses — CVX leads at 30. 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.

07

Is SHEL or CVX more undervalued right now?

On forward earnings alone, Shell plc (SHEL) trades at 9.

1x forward P/E versus 15. 9x for Chevron Corporation — 6. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SHEL: 5. 5% to $94. 67.

08

Which pays a better dividend — SHEL or CVX?

All stocks in this comparison pay dividends.

Chevron Corporation (CVX) offers the highest yield at 3. 6%, versus 3. 2% for Shell plc (SHEL).

09

Is SHEL 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%, SHEL: +134. 0%), 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.

10

What are the main differences between SHEL 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: SHEL is a large-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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

Stocks Like

SHEL

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.2%
Run This Screen
Stocks Like

CVX

Income & Dividend Stock

  • Sector: Energy
  • Market Cap > $100B
  • Net Margin > 5%
  • Dividend Yield > 1.4%
Run This Screen
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Beat Both

Find stocks that outperform SHEL and CVX on the metrics below

Revenue Growth>
%
(SHEL: -3.4% · CVX: -5.3%)
Net Margin>
%
(SHEL: 6.7% · CVX: 6.7%)
P/E Ratio<
x
(SHEL: 14.9x · CVX: 29.1x)

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