Is CVX or VLO cheaper?

On trailing earnings, VLO is cheaper: CVX trades at a 32.45 P/E and VLO at 18.79.

Which has grown faster, CVX or VLO?

Over the past five years, VLO grew revenue faster — CVX at a 14.17% CAGR versus VLO at 14.68%.

Does CVX or VLO pay a bigger dividend?

CVX yields 3.73% and VLO yields 1.80% based on trailing dividends and the latest price.

Is CVX or VLO more profitable?

CVX runs the higher net margin — CVX at 5.92% versus VLO at 3.33%.

Which has been the better investment, CVX or VLO?

Over the past 10-year, VLO delivered the higher annualized total return — CVX at 10.86% versus VLO at 21.79%. Past performance doesn't predict future results.

Chevron Corporation (CVX) vs Valero Energy Corporation (VLO)

VLO leads on 10 of 17 compared metrics.

A side-by-side comparison of Chevron Corporation and Valero Energy Corporation 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).

Valero Energy Corporation

$76.81B

$258.67Energy

Total return — CVX vs VLO

growth of $100 · last 30y

CVX +524.1%VLO +6178.4%VLO compounded faster

Log scale — wide-divergence pair

CVX VLO

CVX vs VLO: by the numbers

•CVX is the larger company ($372.87B vs $76.81B market cap).
•VLO trades at the lower earnings multiple (18.79 vs 32.45 P/E).
•CVX converts more revenue to profit (5.92% vs 3.33% net margin).
•VLO grew revenue faster over the past five years (14.68% vs 14.17% CAGR).
•CVX pays the higher dividend yield (3.73% vs 1.80%).

Which is better, CVX or VLO?

Metric tally: CVX 7 · VLO 10

It depends on what you're optimizing for:

ValueVLO(lower P/E)

GrowthVLO(faster 5Y revenue CAGR)

IncomeCVX(higher dividend yield)

QualityVLO(higher ROIC)

Metrics side by side

Valuation

Metric	CVX	VLO
P/E ratio	32.45	18.79●
Forward P/E	15.20	12.34●
P/S ratio	2.00	0.61●
P/B ratio	2.02●	3.23
PEG ratio	1.18●	4.28
EV / EBITDA	9.93	9.10●
FCF yield	3.60%	7.69%●

Profitability

Metric	CVX	VLO
Gross margin	25.43%●	7.24%
Operating margin	8.40%●	4.61%
Net margin	5.92%●	3.33%
ROE	5.99%	17.62%●
ROIC	3.59%	7.12%●

Dividends

Metric	CVX	VLO
Dividend yield	3.73%●	1.80%
Payout ratio	104.96%	61.56%

Growth (annualized)

Metric	CVX	VLO
Revenue CAGR (5Y)	14.17%	14.68%●
EPS CAGR (5Y)	27.46%●	4.39%
FCF CAGR (5Y)	39.67%	67.44%●
Total return CAGR (5Y)	16.33%	30.36%●

Frequently asked

Which is better, CVX or VLO?: It depends on your goal. value: VLO (lower P/E); growth: VLO (faster 5Y revenue CAGR); income: CVX (higher dividend yield); quality: VLO (higher ROIC). Across all compared metrics, VLO leads 10 to 7.
Is CVX or VLO cheaper?: On trailing earnings, VLO is cheaper: CVX trades at a 32.45 P/E and VLO at 18.79.
Which has grown faster, CVX or VLO?: Over the past five years, VLO grew revenue faster — CVX at a 14.17% CAGR versus VLO at 14.68%.
Does CVX or VLO pay a bigger dividend?: CVX yields 3.73% and VLO yields 1.80% based on trailing dividends and the latest price.
Is CVX or VLO more profitable?: CVX runs the higher net margin — CVX at 5.92% versus VLO at 3.33%.
Which has been the better investment, CVX or VLO?: Over the past 10-year, VLO delivered the higher annualized total return — CVX at 10.86% versus VLO at 21.79%. Past performance doesn't predict future results.

Go deeper

Full CVX analysis Full VLO analysis Interactive comparison tool

Dig into the metrics

Chevron P/E ratio Valero Energy P/E ratio Chevron dividend yield Valero Energy dividend yield Chevron ROE Valero Energy ROE Chevron operating margin Valero Energy operating margin Chevron revenue growth Valero Energy revenue growth Chevron free cash flow Valero Energy free cash flow

Chevron & Valero Energy appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats Highest FCF Yield Stocks Best 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 June 15, 2026.