Oil & Gas Exploration & Production
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TPL vs CVX
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Integrated
TPL 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 | $28.94B | $369.41B |
| Revenue (TTM) | $839M | $184.43B |
| Net Income (TTM) | $504M | $12.30B |
| Gross Margin | 74.5% | 30.4% |
| Operating Margin | 74.4% | 9.0% |
| Forward P/E | 43.9x | 15.2x |
| Total Debt | $32M | $46.74B |
| Cash & Equiv. | $145M | $6.47B |
TPL vs CVX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Texas Pacific Land … (TPL) | 100 | 214.7 | +114.7% |
| Chevron Corporation (CVX) | 100 | 201.9 | +101.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TPL vs CVX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TPL carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 13.1%, EPS growth 6.0%, 3Y rev CAGR 6.1%
- 7.8% 10Y total return vs CVX's 134.9%
- Lower volatility, beta 0.31, Low D/E 2.2%, current ratio 4.40x
CVX is the clearest fit if your priority is income & stability.
- Dividend streak 8 yrs, beta -0.05, yield 3.7%
- Lower P/E (15.2x vs 43.9x)
- 3.7% yield, 8-year raise streak, vs TPL's 0.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.1% revenue growth vs CVX's -4.6% | |
| Value | Lower P/E (15.2x vs 43.9x) | |
| Quality / Margins | 60.0% margin vs CVX's 6.7% | |
| Stability / Safety | Lower D/E ratio (2.2% vs 24.3%) | |
| Dividends | 3.7% yield, 8-year raise streak, vs TPL's 0.5% | |
| Momentum (1Y) | +41.6% vs TPL's -68.4% | |
| Efficiency (ROA) | 32.0% ROA vs CVX's 4.2%, ROIC 42.1% vs 6.2% |
TPL vs CVX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TPL 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)
TPL 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 — 219.8x TPL's $839M. TPL is the more profitable business, keeping 60.0% of every revenue dollar as net income compared to CVX's 6.7%. On growth, TPL holds the edge at +20.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $839M | $184.4B |
| EBITDAEarnings before interest/tax | $689M | $37.1B |
| Net IncomeAfter-tax profit | $504M | $12.3B |
| Free Cash FlowCash after capex | $493M | $16.2B |
| Gross MarginGross profit ÷ Revenue | +74.5% | +30.4% |
| Operating MarginEBIT ÷ Revenue | +74.4% | +9.0% |
| Net MarginNet income ÷ Revenue | +60.0% | +6.7% |
| FCF MarginFCF ÷ Revenue | +58.8% | +8.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +20.8% | -5.3% |
| EPS Growth (YoY)Latest quarter vs prior year | +18.5% | -24.5% |
Valuation Metrics
CVX leads this category, winning 6 of 6 comparable metrics.
Valuation Metrics
At 27.9x trailing earnings, CVX trades at a 54% valuation discount to TPL's 60.2x P/E. On an enterprise value basis, CVX's 11.0x EV/EBITDA is more attractive than TPL's 44.0x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $28.9B | $369.4B |
| Enterprise ValueMkt cap + debt − cash | $28.8B | $409.7B |
| Trailing P/EPrice ÷ TTM EPS | 60.22x | 27.92x |
| Forward P/EPrice ÷ next-FY EPS est. | 43.91x | 15.24x |
| PEG RatioP/E ÷ EPS growth rate | 2.67x | — |
| EV / EBITDAEnterprise value multiple | 44.03x | 11.03x |
| Price / SalesMarket cap ÷ Revenue | 36.25x | 2.00x |
| Price / BookPrice ÷ Book value/share | 19.86x | 1.79x |
| Price / FCFMarket cap ÷ FCF | 59.50x | 22.26x |
Profitability & Efficiency
TPL leads this category, winning 8 of 8 comparable metrics.
Profitability & Efficiency
TPL delivers a 35.5% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $7 for CVX. TPL carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to CVX's 0.24x.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +35.5% | +7.2% |
| ROA (TTM)Return on assets | +32.0% | +4.2% |
| ROICReturn on invested capital | +42.1% | +6.2% |
| ROCEReturn on capital employed | +43.3% | +6.6% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 |
| Debt / EquityFinancial leverage | 0.02x | 0.24x |
| Net DebtTotal debt minus cash | -$112M | $40.3B |
| Cash & Equiv.Liquid assets | $145M | $6.5B |
| Total DebtShort + long-term debt | $32M | $46.7B |
| Interest CoverageEBIT ÷ Interest expense | 446.42x | 17.22x |
Total Returns (Dividends Reinvested)
CVX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CVX five years ago would be worth $19,814 today (with dividends reinvested), compared to $8,145 for TPL. Over the past 12 months, CVX leads with a +41.6% total return vs TPL's -68.4%. The 3-year compound annual growth rate (CAGR) favors CVX at 8.7% vs TPL's -2.6% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +41.1% | +19.9% |
| 1-Year ReturnPast 12 months | -68.4% | +41.6% |
| 3-Year ReturnCumulative with dividends | -7.5% | +28.3% |
| 5-Year ReturnCumulative with dividends | -18.5% | +98.1% |
| 10-Year ReturnCumulative with dividends | +777.4% | +134.9% |
| CAGR (3Y)Annualised 3-year return | -2.6% | +8.7% |
Risk & Volatility
CVX leads this category, winning 2 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 TPL's 0.31 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CVX currently trades 86.2% from its 52-week high vs TPL's 29.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.31x | -0.05x |
| 52-Week HighHighest price in past year | $1432.18 | $214.71 |
| 52-Week LowLowest price in past year | $280.95 | $133.77 |
| % of 52W HighCurrent price vs 52-week peak | +29.3% | +86.2% |
| RSI (14)Momentum oscillator 0–100 | 43.3 | 52.9 |
| Avg Volume (50D)Average daily shares traded | 474K | 11.0M |
Analyst Outlook
CVX leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TPL as "Buy" and CVX as "Buy". Consensus price targets imply 52.2% upside for TPL (target: $639) vs 3.1% for CVX (target: $191). For income investors, CVX offers the higher dividend yield at 3.71% vs TPL's 0.51%.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $639.00 | $190.93 |
| # AnalystsCovering analysts | 5 | 53 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | +3.7% |
| Dividend StreakConsecutive years of raises | 0 | 8 |
| Dividend / ShareAnnual DPS | $2.14 | $6.87 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +3.2% |
CVX leads in 4 of 6 categories (Valuation Metrics, Total Returns). TPL leads in 2 (Income & Cash Flow, Profitability & Efficiency).
TPL vs CVX: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TPL or CVX a better buy right now?
For growth investors, Texas Pacific Land Corporation (TPL) is the stronger pick with 13.
1% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). Chevron Corporation (CVX) offers the better valuation at 27. 9x trailing P/E (15. 2x forward), making it the more compelling value choice. Analysts rate Texas Pacific Land Corporation (TPL) a "Buy" — based on 5 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 — TPL or CVX?
On trailing P/E, Chevron Corporation (CVX) is the cheapest at 27.
9x versus Texas Pacific Land Corporation at 60. 2x. On forward P/E, Chevron Corporation is actually cheaper at 15. 2x.
03Which is the better long-term investment — TPL or CVX?
Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +98.
1%, compared to -18. 5% for Texas Pacific Land Corporation (TPL). Over 10 years, the gap is even starker: TPL returned +777. 4% versus CVX's +134. 9%. 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 — TPL or CVX?
By beta (market sensitivity over 5 years), Chevron Corporation (CVX) is the lower-risk stock at -0.
05β versus Texas Pacific Land Corporation's 0. 31β — meaning TPL is approximately -696% more volatile than CVX relative to the S&P 500. On balance sheet safety, Texas Pacific Land Corporation (TPL) carries a lower debt/equity ratio of 2% versus 24% for Chevron Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — TPL or CVX?
By revenue growth (latest reported year), Texas Pacific Land Corporation (TPL) is pulling ahead at 13.
1% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: Texas Pacific Land Corporation grew EPS 6. 0% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, TPL leads at 6. 1% 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 — TPL or CVX?
Texas Pacific Land Corporation (TPL) is the more profitable company, earning 60.
3% net margin versus 6. 7% for Chevron Corporation — meaning it keeps 60. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPL leads at 74. 2% versus 9. 0% for CVX. At the gross margin level — before operating expenses — TPL leads at 100. 0%, 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 TPL or CVX more undervalued right now?
On forward earnings alone, Chevron Corporation (CVX) trades at 15.
2x forward P/E versus 43. 9x for Texas Pacific Land Corporation — 28. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TPL: 52. 2% to $639. 00.
08Which pays a better dividend — TPL or CVX?
All stocks in this comparison pay dividends.
Chevron Corporation (CVX) offers the highest yield at 3. 7%, versus 0. 5% for Texas Pacific Land Corporation (TPL).
09Is TPL or CVX better for a retirement portfolio?
For long-horizon retirement investors, Texas Pacific Land Corporation (TPL) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
31), 0. 5% yield, +777. 4% 10Y return). Both have compounded well over 10 years (TPL: +777. 4%, CVX: +134. 9%), 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 TPL 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: TPL 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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