Oil & Gas Midstream
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4 / 10Stock Comparison
TRP vs SOC vs CVX vs ENB
Revenue, margins, valuation, and 5-year total return — side by side.
Oil & Gas Drilling
Oil & Gas Integrated
Oil & Gas Midstream
TRP vs SOC vs CVX vs ENB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Oil & Gas Midstream | Oil & Gas Drilling | Oil & Gas Integrated | Oil & Gas Midstream |
| Market Cap | $67.77B | $1.84T | $364.18B | $117.81B |
| Revenue (TTM) | $15.14B | $1M | $184.43B | $65.19B |
| Net Income (TTM) | $3.52B | $-498M | $12.30B | $11.80B |
| Gross Margin | 49.8% | -8.7% | 30.4% | — |
| Operating Margin | 44.0% | -367.6% | 9.0% | 16.8% |
| Forward P/E | 17.4x | 7.9x | 14.7x | 17.8x |
| Total Debt | $60.95B | $0.00 | $46.74B | $6.06B |
| Cash & Equiv. | $261M | $98M | $6.47B | $1.09B |
TRP vs SOC vs CVX vs ENB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| TC Energy Corporati… (TRP) | 100 | 143.7 | +43.7% |
| Sable Offshore Corp. (SOC) | 100 | 132.6 | +32.6% |
| Chevron Corporation (CVX) | 100 | 176.0 | +76.0% |
| Enbridge Inc. (ENB) | 100 | 138.9 | +38.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TRP vs SOC vs CVX vs ENB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TRP carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 0 yrs, beta 0.01, yield 3.8%
- Lower volatility, beta 0.01, current ratio 0.63x
- Beta 0.01, yield 3.8%, current ratio 0.63x
- 23.2% margin vs SOC's -391.5%
SOC is the clearest fit if your priority is value.
- Lower P/E (7.9x vs 17.8x)
CVX is the clearest fit if your priority is long-term compounding.
- 135.8% 10Y total return vs TRP's 149.7%
- +39.5% vs SOC's -36.8%
ENB is the #2 pick in this set and the best alternative if growth exposure is your priority.
- Rev growth 21.9%, EPS growth 37.6%, 3Y rev CAGR 6.9%
- 21.9% revenue growth vs CVX's -4.6%
- 5.4% ROA vs SOC's -28.9%, ROIC 6.9% vs -44.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 21.9% revenue growth vs CVX's -4.6% | |
| Value | Lower P/E (7.9x vs 17.8x) | |
| Quality / Margins | 23.2% margin vs SOC's -391.5% | |
| Stability / Safety | Beta 0.01 vs SOC's 1.51 | |
| Dividends | 3.8% yield, vs CVX's 3.8%, (1 stock pays no dividend) | |
| Momentum (1Y) | +39.5% vs SOC's -36.8% | |
| Efficiency (ROA) | 5.4% ROA vs SOC's -28.9%, ROIC 6.9% vs -44.6% |
TRP vs SOC vs CVX vs ENB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
TRP vs SOC vs CVX vs ENB — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
ENB leads in 2 of 6 categories
TRP leads 1 • SOC leads 0 • CVX leads 0 • 3 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
TRP leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CVX is the larger business by revenue, generating $184.4B annually — 145107.8x SOC's $1M. TRP is the more profitable business, keeping 23.2% of every revenue dollar as net income compared to SOC's -391.5%. On growth, TRP holds the edge at +199.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $15.1B | $1M | $184.4B | $65.2B |
| EBITDAEarnings before interest/tax | $9.4B | -$454M | $37.1B | $16.6B |
| Net IncomeAfter-tax profit | $3.5B | -$498M | $12.3B | $11.8B |
| Free Cash FlowCash after capex | $2.1B | -$611M | $16.2B | $3.3B |
| Gross MarginGross profit ÷ Revenue | +49.8% | -8.7% | +30.4% | — |
| Operating MarginEBIT ÷ Revenue | +44.0% | -367.6% | +9.0% | +16.8% |
| Net MarginNet income ÷ Revenue | +23.2% | -391.5% | +6.7% | +18.1% |
| FCF MarginFCF ÷ Revenue | +13.6% | -480.4% | +8.8% | +5.1% |
| Rev. Growth (YoY)Latest quarter vs prior year | +199.4% | — | -5.3% | +5.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +1.1% | -5.4% | -24.5% | +3.0% |
Valuation Metrics
Evenly matched — SOC and CVX and ENB each lead in 2 of 6 comparable metrics.
Valuation Metrics
At 16.8x trailing earnings, ENB trades at a 39% valuation discount to CVX's 27.5x P/E. On an enterprise value basis, ENB's 7.4x EV/EBITDA is more attractive than TRP's 16.1x.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $67.8B | $1.84T | $364.2B | $117.8B |
| Enterprise ValueMkt cap + debt − cash | $112.3B | $1.84T | $404.5B | $122.8B |
| Trailing P/EPrice ÷ TTM EPS | 27.16x | -3.07x | 27.53x | 16.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 17.41x | 7.88x | 14.68x | 17.80x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | 1.00x |
| EV / EBITDAEnterprise value multiple | 16.15x | — | 10.89x | 7.39x |
| Price / SalesMarket cap ÷ Revenue | 6.09x | — | 1.97x | 1.81x |
| Price / BookPrice ÷ Book value/share | 2.51x | 2359.43x | 1.76x | 1.87x |
| Price / FCFMarket cap ÷ FCF | 44.47x | — | 21.95x | 35.73x |
Profitability & Efficiency
ENB leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
ENB delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-114 for SOC. ENB carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to TRP's 1.65x. On the Piotroski fundamental quality scale (0–9), ENB scores 7/9 vs SOC's 2/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +9.4% | -113.8% | +7.2% | +18.7% |
| ROA (TTM)Return on assets | +3.0% | -28.9% | +4.2% | +5.4% |
| ROICReturn on invested capital | +5.2% | -44.6% | +6.2% | +6.9% |
| ROCEReturn on capital employed | +6.2% | -37.5% | +6.6% | +5.4% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 2 | 5 | 7 |
| Debt / EquityFinancial leverage | 1.65x | — | 0.24x | 0.10x |
| Net DebtTotal debt minus cash | $60.7B | -$98M | $40.3B | $5.0B |
| Cash & Equiv.Liquid assets | $261M | $98M | $6.5B | $1.1B |
| Total DebtShort + long-term debt | $60.9B | $0 | $46.7B | $6.1B |
| Interest CoverageEBIT ÷ Interest expense | 2.66x | -2.28x | 17.22x | — |
Total Returns (Dividends Reinvested)
Evenly matched — TRP and CVX each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CVX five years ago would be worth $19,396 today (with dividends reinvested), compared to $13,264 for SOC. Over the past 12 months, CVX leads with a +39.5% total return vs SOC's -36.8%. The 3-year compound annual growth rate (CAGR) favors TRP at 24.1% vs SOC's 8.2% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +17.5% | +9.5% | +18.2% | +13.7% |
| 1-Year ReturnPast 12 months | +32.4% | -36.8% | +39.5% | +21.5% |
| 3-Year ReturnCumulative with dividends | +91.1% | +26.5% | +26.7% | +56.4% |
| 5-Year ReturnCumulative with dividends | +69.1% | +32.6% | +94.0% | +69.8% |
| 10-Year ReturnCumulative with dividends | +149.7% | +32.4% | +135.8% | +101.9% |
| CAGR (3Y)Annualised 3-year return | +24.1% | +8.2% | +8.2% | +16.1% |
Risk & Volatility
ENB leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ENB is the less volatile stock with a -0.10 beta — it tends to amplify market swings less than SOC's 1.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENB currently trades 97.3% from its 52-week high vs SOC's 36.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | -0.01x | 1.42x | -0.11x | -0.12x |
| 52-Week HighHighest price in past year | $67.31 | $35.00 | $214.71 | $55.48 |
| 52-Week LowLowest price in past year | $46.29 | $3.72 | $133.77 | $43.59 |
| % of 52W HighCurrent price vs 52-week peak | +96.7% | +36.7% | +85.0% | +97.3% |
| RSI (14)Momentum oscillator 0–100 | 61.3 | 45.8 | 42.1 | 54.5 |
| Avg Volume (50D)Average daily shares traded | 2.1M | 5.4M | 11.0M | 4.2M |
Analyst Outlook
Evenly matched — TRP and CVX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: TRP as "Hold", SOC as "Buy", CVX as "Buy", ENB as "Buy". Consensus price targets imply 118.1% upside for SOC (target: $28) vs -13.2% for ENB (target: $47). For income investors, TRP offers the higher dividend yield at 3.79% vs ENB's 0.36%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $62.00 | $28.00 | $194.87 | $46.86 |
| # AnalystsCovering analysts | 19 | 4 | 53 | 25 |
| Dividend YieldAnnual dividend ÷ price | +3.8% | — | +3.8% | +0.4% |
| Dividend StreakConsecutive years of raises | 0 | — | 8 | 0 |
| Dividend / ShareAnnual DPS | $3.37 | — | $6.87 | $0.19 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.3% | 0.0% | +3.3% | 0.0% |
ENB leads in 2 of 6 categories (Profitability & Efficiency, Risk & Volatility). TRP leads in 1 (Income & Cash Flow). 3 tied.
TRP vs SOC vs CVX vs ENB: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is TRP or SOC or CVX or ENB a better buy right now?
For growth investors, Enbridge Inc.
(ENB) is the stronger pick with 21. 9% revenue growth year-over-year, versus -4. 6% for Chevron Corporation (CVX). Enbridge Inc. (ENB) offers the better valuation at 16. 8x trailing P/E (17. 8x forward), making it the more compelling value choice. Analysts rate Sable Offshore Corp. (SOC) a "Buy" — based on 4 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 — TRP or SOC or CVX or ENB?
On trailing P/E, Enbridge Inc.
(ENB) is the cheapest at 16. 8x versus Chevron Corporation at 27. 5x. On forward P/E, Sable Offshore Corp. is actually cheaper at 7. 9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — TRP or SOC or CVX or ENB?
Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +94.
0%, compared to +32. 6% for Sable Offshore Corp. (SOC). Over 10 years, the gap is even starker: TRP returned +148. 7% versus SOC's +32. 5%. 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 — TRP or SOC or CVX or ENB?
By beta (market sensitivity over 5 years), Enbridge Inc.
(ENB) is the lower-risk stock at -0. 12β versus Sable Offshore Corp. 's 1. 42β — meaning SOC is approximately -1234% more volatile than ENB relative to the S&P 500. On balance sheet safety, Enbridge Inc. (ENB) carries a lower debt/equity ratio of 10% versus 165% for TC Energy Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — TRP or SOC or CVX or ENB?
By revenue growth (latest reported year), Enbridge Inc.
(ENB) is pulling ahead at 21. 9% versus -4. 6% for Chevron Corporation (CVX). On earnings-per-share growth, the picture is similar: Sable Offshore Corp. grew EPS 40. 6% year-over-year, compared to -31. 8% for Chevron Corporation. Over a 3-year CAGR, TRP leads at 7. 3% 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 — TRP or SOC or CVX or ENB?
TC Energy Corporation (TRP) is the more profitable company, earning 23.
2% net margin versus -391. 5% for Sable Offshore Corp. — meaning it keeps 23. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRP leads at 44. 2% versus -367. 6% for SOC. At the gross margin level — before operating expenses — TRP leads at 50. 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 TRP or SOC or CVX or ENB more undervalued right now?
On forward earnings alone, Sable Offshore Corp.
(SOC) trades at 7. 9x forward P/E versus 17. 8x for Enbridge Inc. — 9. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SOC: 118. 1% to $28. 00.
08Which pays a better dividend — TRP or SOC or CVX or ENB?
In this comparison, TRP (3.
8% yield), CVX (3. 8% yield), ENB (0. 4% yield) pay a dividend. SOC does not pay a meaningful dividend and should not be held primarily for income.
09Is TRP or SOC or CVX or ENB 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.
11), 3. 8% yield, +134. 7% 10Y return). Both have compounded well over 10 years (CVX: +134. 7%, SOC: +32. 5%), 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 TRP and SOC and CVX and ENB?
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: TRP is a mid-cap income-oriented stock; SOC is a mega-cap quality compounder stock; CVX is a large-cap income-oriented stock; ENB is a mid-cap high-growth stock. TRP, CVX pay a dividend while SOC, ENB do not, making them suitable for different income and tax situations. 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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