Chevron Corporation (CVX) vs Shell plc (SHEL)
A side-by-side comparison of Chevron Corporation and Shell plc across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
CVX
Chevron Corporation
$206.37EnergyDelayed quote: Sep 28, 2026, 3:59 PM EDT
SHEL
Shell plc
$96.47EnergyDelayed quote: Sep 28, 2026, 4:00 PM EDT
Total return — CVX vs SHEL
growth of $100 · dividends reinvested · last 10yCVX +213.4% (+12.1%/yr)SHEL +230.0% (+12.7%/yr)SHEL compounded faster over this window
CVX SHEL
CVX vs SHEL: by the numbers
- •CVX is the larger company ($411.01B vs $268.97B market cap).
- •SHEL trades at the lower trailing earnings multiple (10.65 vs 19.79 P/E), one valuation lens rather than an overall verdict.
- •CVX converts more revenue to profit (9.87% vs 8.76% net margin).
- •CVX grew revenue faster over the past five years (12.46% vs 7.75% CAGR).
- •CVX pays the higher dividend yield (3.29% vs 3.12%).
Metrics side by side
Valuation
| Metric | CVX | SHEL |
|---|---|---|
| P/E ratio | 19.79 | 10.65 |
| Forward P/E | 12.83 | 8.56 |
| P/S ratio | 1.97 | 0.91 |
| P/B ratio | 2.16 | 1.49 |
| EV / EBITDA | 7.75 | 5.24 |
| FCF yield | 6.57% | 11.73% |
Profitability
| Metric | CVX | SHEL |
|---|---|---|
| Gross margin | 31.00% | 17.12% |
| Operating margin | 15.83% | 12.28% |
| Net margin | 9.87% | 8.76% |
| ROE | 10.84% | 14.37% |
| ROIC | 7.69% | 7.87% |
Dividends
| Metric | CVX | SHEL |
|---|---|---|
| Dividend yield | 3.29% | 3.12% |
| Payout ratio | 67.59% | 33.36% |
Growth (annualized)
| Metric | CVX | SHEL |
|---|---|---|
| Revenue CAGR (5Y) | 12.46% | 7.75% |
| EPS CAGR (5Y) | 27.46% | 7.44% |
| FCF CAGR (5Y) | 22.77% | 8.90% |
| Total return CAGR (5Y) | 22.17% | 24.37% |
Frequently asked
- Which has the lower trailing P/E, CVX or SHEL?
- SHEL has the lower trailing P/E: CVX trades at 19.79 and SHEL at 10.65. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CVX or SHEL?
- Over the past five years, CVX grew revenue faster — CVX at a 12.46% CAGR versus SHEL at 7.75%.
- Does CVX or SHEL pay a bigger dividend?
- CVX yields 3.29% and SHEL yields 3.12% based on trailing dividends and the latest price.
- Is CVX or SHEL more profitable?
- CVX runs the higher net margin — CVX at 9.87% versus SHEL at 8.76%.
- How have CVX and SHEL total returns compared?
- Over the past 10 years, CVX delivered 12.41% and SHEL delivered 12.12% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Chevron P/E ratioShell P/E ratioChevron dividend yieldShell dividend yieldChevron ROEShell ROEChevron operating marginShell operating marginChevron revenue growthShell revenue growthChevron free cash flowShell free cash flow
Chevron & Shell 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 13, 2026.