Compare TotalEnergies SE (TTE) vs Chevron Corporation (CVX) Stock

TotalEnergies SE (TTE) offers the better valuation at 13.3x trailing P/E (12.2x forward), making it the more compelling value choice. Analysts rate TotalEnergies SE (TTE) a "Buy" — based on 33 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.

On trailing P/E, TotalEnergies SE (TTE) is the cheapest at 13.3x versus Chevron Corporation at 19.2x. On forward P/E, TotalEnergies SE is actually cheaper at 12.2x.

Over the past 5 years, Chevron Corporation (CVX) delivered a total return of +113.3%, compared to +113.3% for TotalEnergies SE (TTE). A $10,000 investment in CVX five years ago would be worth approximately $21K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CVX returned +188.7% versus TTE's +155.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), TotalEnergies SE (TTE) is the lower-risk stock at 0.49β versus Chevron Corporation's 0.66β — meaning CVX is approximately 34% more volatile than TTE relative to the S&P 500. On balance sheet safety, Chevron Corporation (CVX) carries a lower debt/equity ratio of 16% versus 52% for TotalEnergies SE — giving it more financial flexibility in a downturn.

Chevron Corporation (CVX) is the more profitable company, earning 9.1% net margin versus 7.2% for TotalEnergies SE — meaning it keeps 9.1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CVX leads at 15.0% versus 11.5% for TTE. At the gross margin level — before operating expenses — CVX leads at 29.4%, 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.

On forward earnings alone, TotalEnergies SE (TTE) trades at 12.2x forward P/E versus 27.8x for Chevron Corporation — 15.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for CVX: -1.2% to $184.54.

All stocks in this comparison pay dividends. TotalEnergies SE (TTE) offers the highest yield at 4.8%, versus 3.5% for Chevron Corporation (CVX).

For long-horizon retirement investors, TotalEnergies SE (TTE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.49), 4.8% yield, +155.4% 10Y return). Both have compounded well over 10 years (TTE: +155.4%, CVX: +188.7%), 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.

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: TTE 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.