ConocoPhillips (COP) vs Chevron Corporation (CVX)
A side-by-side comparison of ConocoPhillips and Chevron Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
COP
ConocoPhillips
$114.10EnergyDelayed quote: Jul 28, 2026, 4:00 PM EDT
CVX
Chevron Corporation
$187.71EnergyDelayed quote: Jul 28, 2026, 3:59 PM EDT
Total return — COP vs CVX
growth of $100 · dividends reinvested · last 30yCOP +1892.6%CVX +1868.4%COP compounded faster
COP CVX
COP vs CVX: by the numbers
- •CVX is the larger company ($373.84B vs $139.01B market cap).
- •COP trades at the lower trailing earnings multiple (19.66 vs 32.93 P/E), one valuation lens rather than an overall verdict.
- •COP converts more revenue to profit (12.56% vs 5.92% net margin).
- •COP grew revenue faster over the past five years (20.71% vs 14.17% CAGR).
- •CVX pays the higher dividend yield (3.67% vs 2.86%).
Metrics side by side
Valuation
| Metric | COP | CVX |
|---|---|---|
| P/E ratio | 19.66 | 32.93 |
| Forward P/E | 12.11 | 13.10 |
| P/S ratio | 2.43 | 2.03 |
| P/B ratio | 2.19 | 2.05 |
| PEG ratio | N/A | 1.20 |
| EV / EBITDA | 7.09 | 11.09 |
| FCF yield | 10.87% | 3.54% |
Profitability
| Metric | COP | CVX |
|---|---|---|
| Gross margin | 29.18% | 25.43% |
| Operating margin | 18.28% | 8.40% |
| Net margin | 12.56% | 5.92% |
| ROE | 11.34% | 5.99% |
| ROIC | 6.54% | 3.59% |
Dividends
| Metric | COP | CVX |
|---|---|---|
| Dividend yield | 2.86% | 3.67% |
| Payout ratio | 51.89% | 104.96% |
Growth (annualized)
| Metric | COP | CVX |
|---|---|---|
| Revenue CAGR (5Y) | 20.71% | 14.17% |
| EPS CAGR (5Y) | N/A | 27.46% |
| FCF CAGR (5Y) | 97.59% | 39.67% |
| Total return CAGR (5Y) | 19.25% | 18.32% |
Frequently asked
- Which has the lower trailing P/E, COP or CVX?
- COP has the lower trailing P/E: COP trades at 19.66 and CVX at 32.93. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, COP or CVX?
- Over the past five years, COP grew revenue faster — COP at a 20.71% CAGR versus CVX at 14.17%.
- Does COP or CVX pay a bigger dividend?
- COP yields 2.86% and CVX yields 3.67% based on trailing dividends and the latest price.
- Is COP or CVX more profitable?
- COP runs the higher net margin — COP at 12.56% versus CVX at 5.92%.
- How have COP and CVX total returns compared?
- Over the past 10 years, COP delivered 14.52% and CVX delivered 11.00% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioChevron P/E ratioConocoPhillips dividend yieldChevron dividend yieldConocoPhillips ROEChevron ROEConocoPhillips operating marginChevron operating marginConocoPhillips revenue growthChevron revenue growthConocoPhillips free cash flowChevron free cash flow
ConocoPhillips & 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 July 28, 2026.