CVX vs. KO: Chevron vs. Coca-Cola Stock Comparison

November 11, 2026

How do Chevron (CVX) and Coca-Cola (KO) 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) is classified in the Energy sector (Energy), whereas Coca-Cola (KO) belongs to Consumer Staples (Food, Beverage & Tobacco) — their GICS classifications point to very different parts of the market.

Company profile comparison for Chevron (CVX) and Coca-Cola (KO)
Profile Item	CVX	KO
Name	Chevron Corporation	The Coca-Cola Company
Country/Region	United States	United States
GICS Sector	Energy	Consumer Staples
GICS Industry Group	Energy	Food, Beverage & Tobacco
GICS Industry	Oil, Gas & Consumable Fuels	Beverages
GICS Sub-Industry	Integrated Oil & Gas	Soft Drinks & Non-alcoholic Beverages
Market Capitalization	414.86 billion USD	411.56 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 2, 1962	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVX

GSPC

Chevron (CVX) vs. Coca-Cola (KO), 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 Coca-Cola (KO). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Total Return (1Y)	42.24%	39.33%
Total Return (3Y, Annualized)	19.22%	22.59%
Total Return (5Y, Annualized)	17.45%	14.43%

Risk Profile

Drawdown History

CVX

GSPC

Chevron (CVX) vs. Coca-Cola (KO), 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 Coca-Cola (KO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Volatility (1Y, Annualized)	24.66%	18.90%
Beta (5Y)	0.50	0.27
Max Drawdown (5Y)	-24.95%	-17.27%
Avg. Volume (3M)	8.39M	16.05M

Risk-Adjusted Performance

Risk-Return Positioning

CVX and KO are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Sharpe Ratio (1Y)	1.54	1.85
Sortino Ratio (1Y)	2.26	3.17

Profitability

ROE (TTM)

Coca-Cola (KO) at 40.59% clears its industry range for ROE, a sharper capital-efficiency signal than Chevron (CVX) at 13.85%, which is closer to a typical peer reading.

CVX

Energy industry group

13.85%

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

KO

Food, Beverage & Tobacco industry group

40.59%

KO: 40.59%
Max: 32.02%
Q3: 16.61%
Median: 10.05%
Q1: 4.10%
Min: -10.50%

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their ROE against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Net Margin (TTM)

Coca-Cola (KO) at 28.65% converts revenue to bottom-line profit above its industry’s benchmark range, while Chevron (CVX) at 11.92% keeps roughly the typical share for its industry.

CVX

Energy industry group

11.92%

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

KO

Food, Beverage & Tobacco industry group

28.65%

KO: 28.65%
Max: 24.83%
Q3: 11.22%
Median: 5.94%
Q1: 2.05%
Min: -11.49%

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their net margin against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Operating Margin (TTM)

Coca-Cola (KO) at 33.36% 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%

KO

Food, Beverage & Tobacco industry group

33.36%

Max: 34.91%
KO: 33.36%
Q3: 17.57%
Median: 11.06%
Q1: 4.15%
Min: -15.06%

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their operating margin against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
ROE (TTM)	13.85%	40.59%
ROA (TTM)	6.47%	9.59%
Net Margin (TTM)	11.92%	28.65%
Operating Margin (TTM)	17.89%	33.36%
Gross Margin (TTM)	44.39%	62.32%

Growth

Revenue Growth

Both Chevron (CVX) at -4.64% and Coca-Cola (KO) at 1.87% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Coca-Cola (KO) at 23.58% sits in the top EPS growth quartile, while Chevron (CVX) at -31.79% is closer to the peer norm — faster per-share earnings growth for KO.

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Revenue Growth (YoY)	-4.64%	1.87%
Revenue Growth (3Y CAGR)	-7.85%	3.69%
EPS Growth (YoY)	-31.79%	23.58%
EPS Growth (3Y CAGR)	-28.69%	11.55%

Financial Strength

Current Ratio (MRQ)

Both Chevron (CVX) at 1.34 and Coca-Cola (KO) at 1.38 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CVX

Energy industry group

1.34

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

KO

Food, Beverage & Tobacco industry group

1.38

Max: 4.01
Q3: 2.35
Median: 1.53
KO: 1.38
Q1: 1.02
Min: 0.33

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their current ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Debt / Equity (MRQ)

Chevron (CVX) at 0.17 keeps leverage in the lower industry quartile, while Coca-Cola (KO) at 1.07 runs a more typical debt-to-equity mix.

CVX

Energy industry group

0.17

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

KO

Food, Beverage & Tobacco industry group

1.07

Max: 2.19
Q3: 1.11
KO: 1.07
Median: 0.68
Q1: 0.33
Min: 0.00

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their debt-to-equity ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Current Ratio (MRQ)	1.34	1.38
Debt / Equity (MRQ)	0.17	1.07
Net Debt / EBITDA	0.36	1.48

Dividends

Dividend Yield (TTM)

Both Chevron (CVX) at 3.31% and Coca-Cola (KO) at 2.19% 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%

KO

Food, Beverage & Tobacco industry group

2.19%

Max: 9.38%
Q3: 3.77%
KO: 2.19%
Median: 1.76%
Q1: 0.00%
Min: 0.00%

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their dividend yield against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Dividend Payout Ratio (TTM)

Both Chevron (CVX) at 51.76% and Coca-Cola (KO) at 61.95% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CVX

Energy industry group

51.76%

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

KO

Food, Beverage & Tobacco industry group

61.95%

Max: 199.19%
Q3: 81.03%
KO: 61.95%
Median: 41.52%
Q1: 0.00%
Min: 0.00%

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their payout ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
Dividend Yield (TTM)	3.31%	2.19%
Dividend Payout Ratio (TTM)	51.76%	61.95%

Valuation

P/E Ratio (TTM)

Both Chevron (CVX) at 15.61 and Coca-Cola (KO) at 28.22 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVX

Energy industry group

15.61

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

KO

Food, Beverage & Tobacco industry group

28.22

Max: 52.52
Q3: 30.78
KO: 28.22
Median: 18.76
Q1: 12.77
Min: 4.72

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their P/E ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

P/S Ratio (TTM)

Chevron (CVX) at 1.83 prices around its industry’s typical P/S ratio, while Coca-Cola (KO) at 8.06 clears its benchmark range — KO looks notably rich on sales.

CVX

Energy industry group

1.83

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

KO

Food, Beverage & Tobacco industry group

8.06

KO: 8.06
Max: 4.64
Q3: 2.27
Median: 1.17
Q1: 0.52
Min: 0.00

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their P/S ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

P/B Ratio (MRQ)

Chevron (CVX) at 2.13 sits near its industry’s typical P/B ratio, while Coca-Cola (KO) at 11.01 prices above its benchmark range — KO looks rich relative to book.

CVX

Energy industry group

2.13

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

KO

Food, Beverage & Tobacco industry group

11.01

KO: 11.01
Max: 6.35
Q3: 3.07
Median: 1.58
Q1: 0.82
Min: 0.00

Chevron (CVX) vs. Coca-Cola (KO): A comparison of their P/B ratio against their respective Energy and Food, Beverage & Tobacco industry group benchmarks.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Coca-Cola (KO)
Metric	CVX	KO
P/E Ratio (TTM)	15.61	28.22
P/S Ratio (TTM)	1.83	8.06
P/B Ratio (MRQ)	2.13	11.01
Free Cash Flow Yield (TTM)	6.28%	1.06%