Canadian Natural Resources Limited (CNQ) vs Chevron Corporation (CVX)
CNQ leads on 12 of 17 compared metrics.
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 June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CNQ vs CVX
growth of $100 · last 26yCNQ +2533.7%CVX +374.0%CNQ compounded faster
Log scale — wide-divergence pair
CNQ CVX
CNQ vs CVX: by the numbers
- •CVX is the larger company ($372.87B vs $94.49B market cap).
- •CNQ trades at the lower earnings multiple (13.41 vs 32.45 P/E).
- •CNQ converts more revenue to profit (23.94% vs 5.92% net margin).
- •CNQ grew revenue faster over the past five years (14.46% vs 14.17% CAGR).
- •CVX pays the higher dividend yield (3.73% vs 2.89%).
Which is better, CNQ or CVX?
Metric tally: CNQ 12 · CVX 5It depends on what you're optimizing for:
ValueCNQ(lower P/E)
GrowthCNQ(faster 5Y revenue CAGR)
IncomeCVX(higher dividend yield)
QualityCNQ(higher ROIC)
Valuation
| Metric | CNQ | CVX |
|---|---|---|
| P/E ratio | 13.41● | 32.45 |
| Forward P/E | 9.16● | 15.20 |
| P/S ratio | 3.22 | 2.00● |
| P/B ratio | 4.12 | 2.02● |
| PEG ratio | 0.11● | 1.18 |
| EV / EBITDA | 6.46● | 9.93 |
| FCF yield | 4.72%● | 3.60% |
Profitability
| Metric | CNQ | CVX |
|---|---|---|
| Gross margin | 30.69%● | 25.43% |
| Operating margin | 26.74%● | 8.40% |
| Net margin | 23.94%● | 5.92% |
| ROE | 30.65%● | 5.99% |
| ROIC | 7.95%● | 3.59% |
Dividends
| Metric | CNQ | CVX |
|---|---|---|
| Dividend yield | 2.89% | 3.73%● |
| Payout ratio | 34.74% | 104.96% |
Growth (annualized)
| Metric | CNQ | CVX |
|---|---|---|
| Revenue CAGR (5Y) | 14.46%● | 14.17% |
| EPS CAGR (5Y) | 13.65% | 27.46%● |
| FCF CAGR (5Y) | 13.93% | 39.67%● |
| Total return CAGR (5Y) | 25.57%● | 16.33% |
Frequently asked
- Which is better, CNQ or CVX?
- It depends on your goal. value: CNQ (lower P/E); growth: CNQ (faster 5Y revenue CAGR); income: CVX (higher dividend yield); quality: CNQ (higher ROIC). Across all compared metrics, CNQ leads 12 to 5.
- Is CNQ or CVX cheaper?
- On trailing earnings, CNQ is cheaper: CNQ trades at a 13.41 P/E and CVX at 32.45.
- Which has grown faster, CNQ or CVX?
- Over the past five years, CNQ grew revenue faster — CNQ at a 14.46% CAGR versus CVX at 14.17%.
- Does CNQ or CVX pay a bigger dividend?
- CNQ yields 2.89% and CVX yields 3.73% based on trailing dividends and the latest price.
- Is CNQ or CVX more profitable?
- CNQ runs the higher net margin — CNQ at 23.94% versus CVX at 5.92%.
- Which has been the better investment, CNQ or CVX?
- Over the past 10-year, CNQ delivered the higher annualized total return — CNQ at 17.67% versus CVX at 10.86%. 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 June 13, 2026.