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.
COP
ConocoPhillips
$137.35EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
CVX
Chevron Corporation
$214.01EnergyDelayed quote: Sep 11, 2026, 3:59 PM EDT
Total return — COP vs CVX
growth of $100 · dividends reinvested · last 10yCOP +381.0% (+17.0%/yr)CVX +232.0% (+12.7%/yr)COP compounded faster over this window
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
| Metric | COP | CVX |
|---|---|---|
| P/E ratio | 18.19 | 20.52 |
| Forward P/E | 13.33 | 13.31 |
| P/S ratio | 2.64 | 2.04 |
| P/B ratio | 2.56 | 2.24 |
| EV / EBITDA | 7.11 | 8.02 |
| FCF yield | 3.74% | 6.34% |
Profitability
| Metric | COP | CVX |
|---|---|---|
| Gross margin | 27.68% | 31.00% |
| Operating margin | 21.92% | 15.83% |
| Net margin | 14.65% | 9.87% |
| ROE | 14.20% | 10.84% |
| ROIC | 7.85% | 7.69% |
Dividends
| Metric | COP | CVX |
|---|---|---|
| Dividend yield | 2.45% | 3.31% |
| Payout ratio | 44.50% | 67.59% |
Growth (annualized)
| Metric | COP | CVX |
|---|---|---|
| Revenue CAGR (5Y) | 16.71% | 12.46% |
| EPS CAGR (5Y) | N/A | 27.46% |
| 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.
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 September 11, 2026.