Canadian Natural Resources Limited (CNQ) vs Chevron Corporation (CVX)
A side-by-side comparison of Canadian Natural Resources Limited and Chevron Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
CNQ
Canadian Natural Resources Limited
$50.07EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
CVX
Chevron Corporation
$214.01EnergyDelayed quote: Sep 11, 2026, 3:59 PM EDT
Total return — CNQ vs CVX
growth of $100 · dividends reinvested · last 10yCNQ +459.2% (+18.8%/yr)CVX +232.0% (+12.7%/yr)CNQ compounded faster over this window
CNQ CVX
CNQ vs CVX: by the numbers
- •CVX is the larger company ($426.22B vs $104.43B market cap).
- •CNQ trades at the lower trailing earnings multiple (12.42 vs 20.52 P/E), one valuation lens rather than an overall verdict.
- •CNQ converts more revenue to profit (24.42% vs 9.87% net margin).
- •CNQ grew revenue faster over the past five years (13.77% vs 12.46% CAGR).
- •CNQ pays the higher dividend yield (3.44% vs 3.31%).
Metrics side by side
Valuation
| Metric | CNQ | CVX |
|---|---|---|
| P/E ratio | 12.42 | 20.52 |
| Forward P/E | N/A | 13.31 |
| P/S ratio | 3.02 | 2.04 |
| P/B ratio | 3.17 | 2.24 |
| EV / EBITDA | 6.43 | 8.02 |
| FCF yield | 6.43% | 6.34% |
Profitability
| Metric | CNQ | CVX |
|---|---|---|
| Gross margin | 21.29% | 31.00% |
| Operating margin | 18.62% | 15.83% |
| Net margin | 24.42% | 9.87% |
| ROE | 25.60% | 10.84% |
| ROIC | 13.86% | 7.69% |
Dividends
| Metric | CNQ | CVX |
|---|---|---|
| Dividend yield | 3.44% | 3.31% |
| Payout ratio | 43.36% | 67.59% |
Growth (annualized)
| Metric | CNQ | CVX |
|---|---|---|
| Revenue CAGR (5Y) | 13.77% | 12.46% |
| EPS CAGR (5Y) | 13.65% | 27.46% |
| FCF CAGR (5Y) | 9.62% | 22.77% |
| Total return CAGR (5Y) | 31.28% | 22.03% |
Frequently asked
- Which has the lower trailing P/E, CNQ or CVX?
- CNQ has the lower trailing P/E: CNQ trades at 12.42 and CVX at 20.52. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CNQ or CVX?
- Over the past five years, CNQ grew revenue faster — CNQ at a 13.77% CAGR versus CVX at 12.46%.
- Does CNQ or CVX pay a bigger dividend?
- CNQ yields 3.44% and CVX yields 3.31% based on trailing dividends and the latest price.
- Is CNQ or CVX more profitable?
- CNQ runs the higher net margin — CNQ at 24.42% versus CVX at 9.87%.
- How have CNQ and CVX total returns compared?
- Over the past 10 years, CNQ delivered 18.31% and CVX delivered 12.34% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Canadian Natural Resources P/E ratioChevron P/E ratioCanadian Natural Resources dividend yieldChevron dividend yieldCanadian Natural Resources ROEChevron ROECanadian Natural Resources operating marginChevron operating marginCanadian Natural Resources revenue growthChevron revenue growthCanadian Natural Resources free cash flowChevron free cash flow
Canadian Natural Resources & Chevron appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.