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 September 11, 2026. Differences are shown without an overall score or investment verdict.

Compare

Total returnCOP vs CVX

growth of $100 · dividends reinvested · last 10y
COP +381.0% (+17.0%/yr)CVX +232.0% (+12.7%/yr)COP compounded faster over this window
100200300400500Start $10020182020202220242026$481$332
COP CVX

COP vs CVX: by the numbers

  • CVX is the larger company ($426.22B vs $167.33B market cap).
  • COP trades at the lower trailing earnings multiple (18.19 vs 20.52 P/E), one valuation lens rather than an overall verdict.
  • COP converts more revenue to profit (14.65% vs 9.87% net margin).
  • COP grew revenue faster over the past five years (16.71% vs 12.46% CAGR).
  • CVX pays the higher dividend yield (3.31% vs 2.45%).

Metrics side by side

Valuation

MetricCOPCVX
P/E ratio18.1920.52
Forward P/E13.3313.31
P/S ratio2.642.04
P/B ratio2.562.24
EV / EBITDA7.118.02
FCF yield3.74%6.34%

Profitability

MetricCOPCVX
Gross margin27.68%31.00%
Operating margin21.92%15.83%
Net margin14.65%9.87%
ROE14.20%10.84%
ROIC7.85%7.69%

Dividends

MetricCOPCVX
Dividend yield2.45%3.31%
Payout ratio44.50%67.59%

Growth (annualized)

MetricCOPCVX
Revenue CAGR (5Y)16.71%12.46%
EPS CAGR (5Y)N/A27.46%
FCF CAGR (5Y)35.98%22.77%
Total return CAGR (5Y)24.14%22.03%

Frequently asked

Which has the lower trailing P/E, COP or CVX?
COP has the lower trailing P/E: COP trades at 18.19 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, COP or CVX?
Over the past five years, COP grew revenue faster — COP at a 16.71% CAGR versus CVX at 12.46%.
Does COP or CVX pay a bigger dividend?
COP yields 2.45% and CVX yields 3.31% based on trailing dividends and the latest price.
Is COP or CVX more profitable?
COP runs the higher net margin — COP at 14.65% versus CVX at 9.87%.
How have COP and CVX total returns compared?
Over the past 10 years, COP delivered 16.08% and CVX delivered 12.34% annualized total return. Past performance doesn't predict future results.

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.