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

VLO has the lower trailing P/E: CVX trades at 33.26 and VLO at 21.88. P/E is one valuation measure and does not by itself establish which business is cheaper.

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 3.64% and VLO yields 1.55% 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%.

How have CVX and VLO total returns compared?

Over the past 10 years, CVX delivered 11.08% and VLO delivered 23.95% annualized total return. Past performance doesn't predict future results.

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

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 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

VLO

Valero Energy Corporation

$91.37B

$307.71EnergyDelayed quote: Jul 30, 2026, 11:10 AM EDT

Total return — CVX vs VLO

growth of $100 · dividends reinvested · last 30y

CVX +1905.4%VLO +18900.9%VLO compounded faster

Log scale — wide-divergence pair

CVX VLO

CVX vs VLO: by the numbers

•CVX is the larger company ($378.72B vs $91.37B market cap).
•VLO trades at the lower trailing earnings multiple (21.88 vs 33.26 P/E), one valuation lens rather than an overall verdict.
•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 (3.64% vs 1.55%).

Metrics side by side

Valuation

Metric	CVX	VLO
P/E ratio	33.26	21.88
Forward P/E	13.16	8.80
P/S ratio	2.05	0.71
P/B ratio	2.07	3.76
PEG ratio	1.21	4.98
EV / EBITDA	11.19	10.64
FCF yield	3.51%	6.60%

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	3.64%	1.55%
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)	18.10%	39.45%

Frequently asked

Which has the lower trailing P/E, CVX or VLO?: VLO has the lower trailing P/E: CVX trades at 33.26 and VLO at 21.88. P/E is one valuation measure and does not by itself establish which business is cheaper.
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 3.64% and VLO yields 1.55% 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%.
How have CVX and VLO total returns compared?: Over the past 10 years, CVX delivered 11.08% and VLO delivered 23.95% annualized total return. 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 25+ Year Dividend Growers Highest FCF Yield 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.