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).

Compare

Total return — CVX vs OKE

growth of $100 · last 30y
CVX +524.1%OKE +1565.3%OKE compounded faster
05001k2k2kStart $100200120062011201620212026$624$1,665
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 12

It 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

MetricCVXOKE
P/E ratio32.4516.15
Forward P/E15.2014.62
P/S ratio2.001.63
P/B ratio2.022.56
PEG ratio1.182.95
EV / EBITDA9.9311.55
FCF yield3.60%3.92%

Profitability

MetricCVXOKE
Gross margin25.43%23.95%
Operating margin8.40%20.26%
Net margin5.92%10.04%
ROE5.99%15.80%
ROIC3.59%8.62%

Dividends

MetricCVXOKE
Dividend yield3.73%4.64%
Payout ratio104.96%77.35%

Growth (annualized)

MetricCVXOKE
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.

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.