COP vs. CVX: ConocoPhillips vs. Chevron Stock Comparison

July 7, 2026

How do ConocoPhillips (COP) and Chevron (CVX) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ConocoPhillips (COP) and Chevron (CVX) both belong to the Oil, Gas & Consumable Fuels industry, though COP is classified under Oil & Gas Exploration & Production while CVX falls under Integrated Oil & Gas.

Company profile comparison for ConocoPhillips (COP) and Chevron (CVX)
Profile Item	COP	CVX
Name	ConocoPhillips	Chevron Corporation
Country/Region	United States	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Exploration & Production	Integrated Oil & Gas
Market Capitalization	126.19 billion USD	334.79 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	December 31, 1981	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COP

CVX

GSPC

ConocoPhillips (COP) vs. Chevron (CVX), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ConocoPhillips (COP) and Chevron (CVX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ConocoPhillips (COP) and Chevron (CVX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Total Return (1Y)	14.23%	18.04%
Total Return (3Y, Annualized)	4.18%	7.65%
Total Return (5Y, Annualized)	15.48%	14.69%

Risk Profile

Drawdown History

COP

CVX

GSPC

ConocoPhillips (COP) vs. Chevron (CVX), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ConocoPhillips (COP) and Chevron (CVX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Volatility (1Y, Annualized)	29.33%	22.61%
Beta (5Y)	0.13	0.51
Max Drawdown (5Y)	-36.30%	-24.95%
Avg. Volume (3M)	7.96M	10.10M

Risk-Adjusted Performance

Risk-Return Positioning

COP and CVX are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Sharpe Ratio (1Y)	0.35	0.62
Sortino Ratio (1Y)	0.50	0.88

Profitability

ROE (TTM)

Both ConocoPhillips (COP) at 11.28% and Chevron (CVX) at 6.64% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

COP

Energy industry group

11.28%

Max: 37.23%
Q3: 16.01%
COP: 11.28%
Median: 9.18%
Q1: -0.83%
Min: -20.70%

CVX

Energy industry group

6.64%

Max: 37.23%
Q3: 16.01%
Median: 9.18%
CVX: 6.64%
Q1: -0.83%
Min: -20.70%

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both ConocoPhillips (COP) at 12.33% and Chevron (CVX) at 5.93% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

COP

Energy industry group

12.33%

Max: 46.37%
Q3: 18.86%
COP: 12.33%
Median: 6.13%
Q1: 0.00%
Min: -27.23%

CVX

Energy industry group

5.93%

Max: 46.37%
Q3: 18.86%
Median: 6.13%
CVX: 5.93%
Q1: 0.00%
Min: -27.23%

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both ConocoPhillips (COP) at 22.05% and Chevron (CVX) at 7.31% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

COP

Energy industry group

22.05%

Max: 68.02%
Q3: 29.13%
COP: 22.05%
Median: 12.01%
Q1: 0.00%
Min: -41.46%

CVX

Energy industry group

7.31%

Max: 68.02%
Q3: 29.13%
Median: 12.01%
CVX: 7.31%
Q1: 0.00%
Min: -41.46%

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
ROE (TTM)	11.28%	6.64%
ROA (TTM)	5.87%	3.46%
Net Margin (TTM)	12.33%	5.93%
Operating Margin (TTM)	22.05%	7.31%
Gross Margin (TTM)	45.59%	42.42%

Growth

Revenue Growth

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their Revenue Growth across different time periods.

Revenue Growth Metrics

Revenue growth metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Revenue Growth (YoY)	7.67%	-4.64%
Revenue Growth (3Y CAGR)	-9.11%	-7.85%

EPS Growth

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their EPS Growth across different time periods.

EPS Growth Metrics

EPS growth metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
EPS Growth (YoY)	-18.69%	-31.79%
EPS Growth (3Y CAGR)	-24.18%	-28.69%

Financial Strength

Current Ratio (MRQ)

Both ConocoPhillips (COP) at 1.29 and Chevron (CVX) at 1.09 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

COP

Energy industry group

1.29

Max: 3.33
Q3: 2.13
Median: 1.31
COP: 1.29
Q1: 0.83
Min: 0.08

CVX

Energy industry group

1.09

Max: 3.33
Q3: 2.13
Median: 1.31
CVX: 1.09
Q1: 0.83
Min: 0.08

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Chevron (CVX) at 0.24 keeps leverage in the lower industry quartile, while ConocoPhillips (COP) at 0.36 runs a more typical debt-to-equity mix.

COP

Energy industry group

0.36

Max: 2.02
Q3: 1.01
Median: 0.61
COP: 0.36
Q1: 0.32
Min: 0.00

CVX

Energy industry group

0.24

Max: 2.02
Q3: 1.01
Median: 0.61
Q1: 0.32
CVX: 0.24
Min: 0.00

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Current Ratio (MRQ)	1.29	1.09
Debt / Equity (MRQ)	0.36	0.24
Net Debt / EBITDA	0.73	1.06

Dividends

Dividend Yield (TTM)

Chevron (CVX) at 4.08% delivers top-quartile income for its industry, while ConocoPhillips (COP) at 3.09% pays a more typical yield — both are credible income propositions, CVX the richer one.

COP

Energy industry group

3.09%

Max: 8.56%
Q3: 3.47%
COP: 3.09%
Median: 1.60%
Q1: 0.00%
Min: 0.00%

CVX

Energy industry group

4.08%

Max: 8.56%
CVX: 4.08%
Q3: 3.47%
Median: 1.60%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Chevron (CVX) reports payout ratio above 100% at 120.38%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile ConocoPhillips (COP) reports 54.92%, ranking against industry peers normally.

COP

Energy industry group

54.92%

Max: 139.86%
Q3: 63.37%
COP: 54.92%
Median: 31.85%
Q1: 0.00%
Min: 0.00%

CVX

Energy industry group

120.38%

Max: 139.86%
CVX: 120.38%
Q3: 63.37%
Median: 31.85%
Q1: 0.00%
Min: 0.00%

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
Dividend Yield (TTM)	3.09%	4.08%
Dividend Payout Ratio (TTM)	54.92%	120.38%

Valuation

P/E Ratio (TTM)

Both ConocoPhillips (COP) at 17.56 and Chevron (CVX) at 29.29 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

COP

Energy industry group

17.56

Max: 55.25
Q3: 30.38
COP: 17.56
Median: 17.01
Q1: 10.34
Min: 1.69

CVX

Energy industry group

29.29

Max: 55.25
Q3: 30.38
CVX: 29.29
Median: 17.01
Q1: 10.34
Min: 1.69

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both ConocoPhillips (COP) at 2.13 and Chevron (CVX) at 1.80 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

COP

Energy industry group

2.13

Max: 5.83
Q3: 2.94
COP: 2.13
Median: 1.73
Q1: 0.93
Min: 0.00

CVX

Energy industry group

1.80

Max: 5.83
Q3: 2.94
CVX: 1.80
Median: 1.73
Q1: 0.93
Min: 0.00

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both ConocoPhillips (COP) at 1.96 and Chevron (CVX) at 1.81 are valued close to their industries’ norm against book — neither stands out from peers.

COP

Energy industry group

1.96

Max: 4.70
Q3: 2.61
COP: 1.96
Median: 1.61
Q1: 1.11
Min: 0.01

CVX

Energy industry group

1.81

Max: 4.70
Q3: 2.61
CVX: 1.81
Median: 1.61
Q1: 1.11
Min: 0.01

ConocoPhillips (COP) vs. Chevron (CVX): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for ConocoPhillips (COP) and Chevron (CVX)
Metric	COP	CVX
P/E Ratio (TTM)	17.56	29.29
P/S Ratio (TTM)	2.13	1.80
P/B Ratio (MRQ)	1.96	1.81
Free Cash Flow Yield (TTM)	4.19%	3.52%