Chevron Corporation (CVX) vs ONEOK, Inc. (OKE)
OKE leads on 12 of 17 compared metrics.
A side-by-side comparison of Chevron Corporation and ONEOK, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — CVX vs OKE
growth of $100 · last 30yCVX +524.1%OKE +1565.3%OKE compounded faster
CVX OKE
CVX vs OKE: by the numbers
- •CVX is the larger company ($372.87B vs $57.07B market cap).
- •OKE trades at the lower earnings multiple (16.15 vs 32.45 P/E).
- •OKE converts more revenue to profit (10.04% vs 5.92% net margin).
- •OKE grew revenue faster over the past five years (29.16% vs 14.17% CAGR).
- •OKE pays the higher dividend yield (4.64% vs 3.73%).
Which is better, CVX or OKE?
Metric tally: CVX 5 · OKE 12It depends on what you're optimizing for:
ValueOKE(lower P/E)
GrowthOKE(faster 5Y revenue CAGR)
IncomeOKE(higher dividend yield)
QualityOKE(higher ROIC)
Metrics side by side
Valuation
| Metric | CVX | OKE |
|---|---|---|
| P/E ratio | 32.45 | 16.15● |
| Forward P/E | 15.20 | 14.62● |
| P/S ratio | 2.00 | 1.63● |
| P/B ratio | 2.02● | 2.56 |
| PEG ratio | 1.18● | 2.95 |
| EV / EBITDA | 9.93● | 11.55 |
| FCF yield | 3.60% | 3.92%● |
Profitability
| Metric | CVX | OKE |
|---|---|---|
| Gross margin | 25.43%● | 23.95% |
| Operating margin | 8.40% | 20.26%● |
| Net margin | 5.92% | 10.04%● |
| ROE | 5.99% | 15.80%● |
| ROIC | 3.59% | 8.62%● |
Dividends
| Metric | CVX | OKE |
|---|---|---|
| Dividend yield | 3.73% | 4.64%● |
| Payout ratio | 104.96% | 77.35% |
Growth (annualized)
| Metric | CVX | OKE |
|---|---|---|
| Revenue CAGR (5Y) | 14.17% | 29.16%● |
| EPS CAGR (5Y) | 27.46% | 30.77%● |
| FCF CAGR (5Y) | 39.67%● | 30.73% |
| Total return CAGR (5Y) | 16.33% | 16.77%● |
Frequently asked
- Which is better, CVX or OKE?
- It depends on your goal. value: OKE (lower P/E); growth: OKE (faster 5Y revenue CAGR); income: OKE (higher dividend yield); quality: OKE (higher ROIC). Across all compared metrics, OKE leads 12 to 5.
- Is CVX or OKE cheaper?
- On trailing earnings, OKE is cheaper: CVX trades at a 32.45 P/E and OKE at 16.15.
- Which has grown faster, CVX or OKE?
- Over the past five years, OKE grew revenue faster — CVX at a 14.17% CAGR versus OKE at 29.16%.
- Does CVX or OKE pay a bigger dividend?
- CVX yields 3.73% and OKE yields 4.64% based on trailing dividends and the latest price.
- Is CVX or OKE more profitable?
- OKE runs the higher net margin — CVX at 5.92% versus OKE at 10.04%.
- Which has been the better investment, CVX or OKE?
- Over the past 10-year, OKE delivered the higher annualized total return — CVX at 10.86% versus OKE at 13.94%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Chevron P/E ratioONEOK P/E ratioChevron dividend yieldONEOK dividend yieldChevron ROEONEOK ROEChevron operating marginONEOK operating marginChevron revenue growthONEOK revenue growthChevron free cash flowONEOK free cash flow
Chevron & ONEOK 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 15, 2026.