Is CVX or PSX cheaper?

On trailing earnings, PSX is cheaper: CVX trades at a 32.45 P/E and PSX at 17.68.

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 3.73% and PSX yields 2.75% 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%.

Which has been the better investment, CVX or PSX?

Over the past 10-year, PSX delivered the higher annualized total return — CVX at 10.86% versus PSX at 12.55%. Past performance doesn't predict future results.

Chevron Corporation (CVX) vs Phillips 66 (PSX)

CVX leads on 9 of 17 compared metrics, though PSX is the cheaper stock.

A side-by-side comparison of Chevron Corporation and Phillips 66 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 PSX

growth of $100 · last 14y

CVX +85.5%PSX +427.8%PSX compounded faster

CVX PSX

CVX vs PSX: by the numbers

•CVX is the larger company ($372.87B vs $71.95B market cap).
•PSX trades at the lower earnings multiple (17.68 vs 32.45 P/E).
•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 (3.73% vs 2.75%).

Which is better, CVX or PSX?

Metric tally: CVX 9 · PSX 8

It depends on what you're optimizing for:

ValuePSX(lower P/E)

GrowthPSX(faster 5Y revenue CAGR)

IncomeCVX(higher dividend yield)

QualityPSX(higher ROIC)

Metrics side by side

Valuation

Metric	CVX	PSX
P/E ratio	32.45	17.68●
Forward P/E	15.20	10.44●
P/S ratio	2.00	0.53●
P/B ratio	2.02●	2.54
PEG ratio	1.18	0.10●
EV / EBITDA	9.93●	10.27
FCF yield	3.60%●	0.16%

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	3.73%●	2.75%
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%●	-16.26%
Total return CAGR (5Y)	16.33%	18.98%●

Frequently asked

Which is better, CVX or PSX?: It depends on your goal. value: PSX (lower P/E); growth: PSX (faster 5Y revenue CAGR); income: CVX (higher dividend yield); quality: PSX (higher ROIC). Across all compared metrics, CVX leads 9 to 8.
Is CVX or PSX cheaper?: On trailing earnings, PSX is cheaper: CVX trades at a 32.45 P/E and PSX at 17.68.
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 3.73% and PSX yields 2.75% 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%.
Which has been the better investment, CVX or PSX?: Over the past 10-year, PSX delivered the higher annualized total return — CVX at 10.86% versus PSX at 12.55%. 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 Dividend Aristocrats Fastest Revenue Growth Stocks Largest Companies by Market Cap

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.