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CVX vs. FANG: Chevron vs. Diamondback Energy Stock Comparison

How do Chevron (CVX) and Diamondback Energy (FANG) 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

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

Company profile comparison for Chevron (CVX) and Diamondback Energy (FANG)
Profile ItemCVXFANG
NameChevron CorporationDiamondback Energy Inc.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Exploration & Production
Market Capitalization414.86 billion USD49.96 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJanuary 2, 1962October 12, 2012
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVX
FANG
GSPC
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Chevron (CVX) vs. Diamondback Energy (FANG), 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 Chevron (CVX) and Diamondback Energy (FANG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Total Return (1Y)42.24%26.99%
Total Return (3Y, Annualized)19.22%8.52%
Total Return (5Y, Annualized)17.45%14.17%

Risk Profile

Drawdown History

CVX
FANG
GSPC
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Chevron (CVX) vs. Diamondback Energy (FANG), 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 Chevron (CVX) and Diamondback Energy (FANG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Volatility (1Y, Annualized)24.66%33.77%
Beta (5Y)0.500.53
Max Drawdown (5Y)-24.95%-42.10%
Avg. Volume (3M)8.39M2.38M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and FANG 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 Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Sharpe Ratio (1Y)1.540.67
Sortino Ratio (1Y)2.260.97

Profitability

ROE (TTM)

Both Chevron (CVX) at 13.85% and Diamondback Energy (FANG) at 4.86% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CVX

Energy industry group

13.85%

Max
53.85%
Q3
24.79%
CVX
13.85%
Median
12.85%
Q1
2.03%
Min
-29.09%

FANG

Energy industry group

4.86%

Max
53.85%
Q3
24.79%
Median
12.85%
FANG
4.86%
Q1
2.03%
Min
-29.09%
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Chevron (CVX) at 11.92% and Diamondback Energy (FANG) at 11.62% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVX

Energy industry group

11.92%

Max
56.92%
Q3
22.92%
CVX
11.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

FANG

Energy industry group

11.62%

Max
56.92%
Q3
22.92%
FANG
11.62%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Diamondback Energy (FANG) at 44.95% operates in the top operating margin quartile, ahead of Chevron (CVX) at 17.89%, which runs around its industry’s norm.

CVX

Energy industry group

17.89%

Max
71.31%
Q3
33.75%
Median
18.73%
CVX
17.89%
Q1
6.94%
Min
-24.52%

FANG

Energy industry group

44.95%

Max
71.31%
FANG
44.95%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
ROE (TTM)13.85%4.86%
ROA (TTM)6.47%2.07%
Net Margin (TTM)11.92%11.62%
Operating Margin (TTM)17.89%44.95%
Gross Margin (TTM)44.39%73.62%

Growth

Revenue Growth

Diamondback Energy (FANG) at 35.44% sits in the top revenue growth quartile, while Chevron (CVX) at -4.64% is closer to the peer norm — faster top-line expansion for FANG.

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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Chevron (CVX) at -31.79% is around its peer norm for EPS growth, while Diamondback Energy (FANG) at -63.10% drops into the bottom quartile, signaling weaker earnings momentum.

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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Revenue Growth (YoY)-4.64%35.44%
Revenue Growth (3Y CAGR)-7.85%15.99%
EPS Growth (YoY)-31.79%-63.10%
EPS Growth (3Y CAGR)-28.69%-38.48%

Financial Strength

Current Ratio (MRQ)

Chevron (CVX) at 1.34 keeps current ratio within its industry’s typical mid-range, while Diamondback Energy (FANG) at 0.55 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for FANG.

CVX

Energy industry group

1.34

Max
3.64
Q3
2.21
Median
1.41
CVX
1.34
Q1
0.88
Min
0.24

FANG

Energy industry group

0.55

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
FANG
0.55
Min
0.24
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Chevron (CVX) at 0.17 and Diamondback Energy (FANG) at 0.29 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

CVX

Energy industry group

0.17

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
CVX
0.17
Min
0.00

FANG

Energy industry group

0.29

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
FANG
0.29
Min
0.00
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Current Ratio (MRQ)1.340.55
Debt / Equity (MRQ)0.170.29
Net Debt / EBITDA0.360.99

Dividends

Dividend Yield (TTM)

Both Chevron (CVX) at 3.31% and Diamondback Energy (FANG) at 2.47% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CVX

Energy industry group

3.31%

Max
8.57%
Q3
3.58%
CVX
3.31%
Median
1.71%
Q1
0.00%
Min
0.00%

FANG

Energy industry group

2.47%

Max
8.57%
Q3
3.58%
FANG
2.47%
Median
1.71%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Chevron (CVX) at 51.76% pays out a band-typical share of earnings, while Diamondback Energy (FANG) at 57.20% distributes more than its industry norm — less retained, thinner cover.

CVX

Energy industry group

51.76%

Max
133.24%
Q3
53.31%
CVX
51.76%
Median
25.24%
Q1
0.00%
Min
0.00%

FANG

Energy industry group

57.20%

Max
133.24%
FANG
57.20%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
Dividend Yield (TTM)3.31%2.47%
Dividend Payout Ratio (TTM)51.76%57.20%

Valuation

P/E Ratio (TTM)

Chevron (CVX) at 15.61 is near its industry’s usual P/E ratio, while Diamondback Energy (FANG) at 24.09 sits in the richer quartile — FANG needs stronger growth or earnings quality to justify the premium.

CVX

Energy industry group

15.61

Max
39.54
Q3
21.72
CVX
15.61
Median
12.19
Q1
7.71
Min
2.99

FANG

Energy industry group

24.09

Max
39.54
FANG
24.09
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Chevron (CVX) at 1.83 and Diamondback Energy (FANG) at 2.83 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CVX

Energy industry group

1.83

Max
5.40
Q3
2.85
CVX
1.83
Median
1.69
Q1
0.88
Min
0.00

FANG

Energy industry group

2.83

Max
5.40
Q3
2.85
FANG
2.83
Median
1.69
Q1
0.88
Min
0.00
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Chevron (CVX) at 2.13 and Diamondback Energy (FANG) at 1.28 are valued close to their industries’ norm against book — neither stands out from peers.

CVX

Energy industry group

2.13

Max
4.21
Q3
2.38
CVX
2.13
Median
1.51
Q1
1.08
Min
0.01

FANG

Energy industry group

1.28

Max
4.21
Q3
2.38
Median
1.51
FANG
1.28
Q1
1.08
Min
0.01
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Chevron (CVX) vs. Diamondback Energy (FANG): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Diamondback Energy (FANG)
MetricCVXFANG
P/E Ratio (TTM)15.6124.09
P/S Ratio (TTM)1.832.83
P/B Ratio (MRQ)2.131.28
Free Cash Flow Yield (TTM)6.28%12.09%