Which has the lower trailing P/E, CVX or PSX?

PSX has the lower trailing P/E: CVX trades at 33.26 and PSX at 20.38. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CVX or PSX?

Over the past five years, PSX grew revenue faster — CVX at a 14.17% CAGR versus PSX at 15.79%.

Does CVX or PSX pay a bigger dividend?

CVX yields 3.64% and PSX yields 2.39% based on trailing dividends and the latest price.

Is CVX or PSX more profitable?

CVX runs the higher net margin — CVX at 5.92% versus PSX at 3.04%.

How have CVX and PSX total returns compared?

Over the past 10 years, CVX delivered 11.08% and PSX delivered 14.75% annualized total return. Past performance doesn't predict future results.

Chevron Corporation (CVX) vs Phillips 66 (PSX)

A side-by-side comparison of Chevron Corporation and Phillips 66 across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 30, 2026. Differences are shown without an overall score or investment verdict.

CVX

Chevron Corporation

$378.72B

$190.16EnergyDelayed quote: Jul 30, 2026, 11:10 AM EDT

PSX

Phillips 66

$84.04B

$209.60EnergyDelayed quote: Jul 30, 2026, 11:10 AM EDT

Total return — CVX vs PSX

growth of $100 · dividends reinvested · last 14y

CVX +240.8%PSX +876.7%PSX compounded faster

CVX PSX

CVX vs PSX: by the numbers

•CVX is the larger company ($378.72B vs $84.04B market cap).
•PSX trades at the lower trailing earnings multiple (20.38 vs 33.26 P/E), one valuation lens rather than an overall verdict.
•CVX converts more revenue to profit (5.92% vs 3.04% net margin).
•PSX grew revenue faster over the past five years (15.79% vs 14.17% CAGR).
•CVX pays the higher dividend yield (3.64% vs 2.39%).

Metrics side by side

Valuation

Metric	CVX	PSX
P/E ratio	33.26	20.38
Forward P/E	13.16	9.85
P/S ratio	2.05	0.61
P/B ratio	2.07	2.92
PEG ratio	1.21	0.10
EV / EBITDA	11.19	11.22
FCF yield	3.51%	0.14%

Profitability

Metric	CVX	PSX
Gross margin	25.43%	7.04%
Operating margin	8.40%	4.67%
Net margin	5.92%	3.04%
ROE	5.99%	14.45%
ROIC	3.59%	4.75%

Dividends

Metric	CVX	PSX
Dividend yield	3.64%	2.39%
Payout ratio	104.96%	45.57%

Growth (annualized)

Metric	CVX	PSX
Revenue CAGR (5Y)	14.17%	15.79%
EPS CAGR (5Y)	27.46%	8.08%
FCF CAGR (5Y)	39.67%	19.54%
Total return CAGR (5Y)	18.10%	27.31%

Frequently asked

Which has the lower trailing P/E, CVX or PSX?: PSX has the lower trailing P/E: CVX trades at 33.26 and PSX at 20.38. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CVX or PSX?: Over the past five years, PSX grew revenue faster — CVX at a 14.17% CAGR versus PSX at 15.79%.
Does CVX or PSX pay a bigger dividend?: CVX yields 3.64% and PSX yields 2.39% based on trailing dividends and the latest price.
Is CVX or PSX more profitable?: CVX runs the higher net margin — CVX at 5.92% versus PSX at 3.04%.
How have CVX and PSX total returns compared?: Over the past 10 years, CVX delivered 11.08% and PSX delivered 14.75% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CVX analysis Full PSX analysis Interactive comparison tool

Dig into the metrics

Chevron P/E ratio Phillips 66 P/E ratio Chevron dividend yield Phillips 66 dividend yield Chevron ROE Phillips 66 ROE Chevron operating margin Phillips 66 operating margin Chevron revenue growth Phillips 66 revenue growth Chevron free cash flow Phillips 66 free cash flow

Chevron & Phillips 66 appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

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 30, 2026.