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CVX vs. MPC: Chevron vs. Marathon Petroleum Stock Comparison

How do Chevron (CVX) and Marathon Petroleum (MPC) 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 Marathon Petroleum (MPC) both belong to the Oil, Gas & Consumable Fuels industry, though CVX is classified under Integrated Oil & Gas while MPC falls under Oil & Gas Refining & Marketing.

Company profile comparison for Chevron (CVX) and Marathon Petroleum (MPC)
Profile ItemCVXMPC
NameChevron CorporationMarathon Petroleum Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Refining & Marketing
Market Capitalization414.86 billion USD101.49 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962June 24, 2011
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVX
MPC
GSPC
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Chevron (CVX) vs. Marathon Petroleum (MPC), 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 Marathon Petroleum (MPC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
Total Return (1Y)42.24%104.94%
Total Return (3Y, Annualized)19.22%42.97%
Total Return (5Y, Annualized)17.45%45.42%

Risk Profile

Drawdown History

CVX
MPC
GSPC
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Chevron (CVX) vs. Marathon Petroleum (MPC), 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 Marathon Petroleum (MPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
Volatility (1Y, Annualized)24.66%37.53%
Beta (5Y)0.500.56
Max Drawdown (5Y)-24.95%-44.75%
Avg. Volume (3M)8.39M2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and MPC 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 Marathon Petroleum (MPC)
MetricCVXMPC
Sharpe Ratio (1Y)1.542.68
Sortino Ratio (1Y)2.264.10

Profitability

ROE (TTM)

Marathon Petroleum (MPC) at 60.46% 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%

MPC

Energy industry group

60.46%

MPC
60.46%
Max
53.85%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Chevron (CVX) at 11.92% and Marathon Petroleum (MPC) at 8.34% 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%

MPC

Energy industry group

8.34%

Max
56.92%
Q3
22.92%
Median
10.10%
MPC
8.34%
Q1
0.07%
Min
-27.38%
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Chevron (CVX) at 17.89% and Marathon Petroleum (MPC) at 17.98% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVX

Energy industry group

17.89%

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

MPC

Energy industry group

17.98%

Max
71.31%
Q3
33.75%
Median
18.73%
MPC
17.98%
Q1
6.94%
Min
-24.52%
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
ROE (TTM)13.85%60.46%
ROA (TTM)6.47%13.75%
Net Margin (TTM)11.92%8.34%
Operating Margin (TTM)17.89%17.98%
Gross Margin (TTM)44.39%16.20%

Growth

Revenue Growth

Both Chevron (CVX) at -4.64% and Marathon Petroleum (MPC) at -4.44% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Marathon Petroleum (MPC) at 31.15% 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 MPC.

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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
Revenue Growth (YoY)-4.64%-4.44%
Revenue Growth (3Y CAGR)-7.85%-9.23%
EPS Growth (YoY)-31.79%31.15%
EPS Growth (3Y CAGR)-28.69%-22.24%

Financial Strength

Current Ratio (MRQ)

Both Chevron (CVX) at 1.34 and Marathon Petroleum (MPC) at 1.45 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

MPC

Energy industry group

1.45

Max
3.64
Q3
2.21
MPC
1.45
Median
1.41
Q1
0.88
Min
0.24
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Chevron (CVX) at 0.17 keeps leverage in the lower quartile, while Marathon Petroleum (MPC) at 1.15 sits in the higher-leverage quartile.

CVX

Energy industry group

0.17

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

MPC

Energy industry group

1.15

Max
1.75
MPC
1.15
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
Current Ratio (MRQ)1.341.45
Debt / Equity (MRQ)0.171.15
Net Debt / EBITDA0.360.88

Dividends

Dividend Yield (TTM)

Both Chevron (CVX) at 3.31% and Marathon Petroleum (MPC) at 1.09% 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%

MPC

Energy industry group

1.09%

Max
8.57%
Q3
3.58%
Median
1.71%
MPC
1.09%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Chevron (CVX) at 51.76% and Marathon Petroleum (MPC) at 7.93% 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%

MPC

Energy industry group

7.93%

Max
133.24%
Q3
53.31%
Median
25.24%
MPC
7.93%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
Dividend Yield (TTM)3.31%1.09%
Dividend Payout Ratio (TTM)51.76%7.93%

Valuation

P/E Ratio (TTM)

Marathon Petroleum (MPC) at 7.39 sits in the cheaper P/E ratio quartile, while Chevron (CVX) at 15.61 is closer to its industry’s usual earnings multiple — a discount for MPC, though growth and earnings durability still matter.

CVX

Energy industry group

15.61

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

MPC

Energy industry group

7.39

Max
39.54
Q3
21.72
Median
12.19
Q1
7.71
MPC
7.39
Min
2.99
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Marathon Petroleum (MPC) at 0.58 sits in the cheaper P/S ratio quartile while Chevron (CVX) at 1.83 prices around its industry’s middle — MPC costs less per dollar of sales, though read it alongside growth and margins.

CVX

Energy industry group

1.83

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

MPC

Energy industry group

0.58

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
MPC
0.58
Min
0.00
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Chevron (CVX) at 2.13 sits near its industry’s typical P/B ratio, while Marathon Petroleum (MPC) at 4.42 prices above its benchmark range — MPC 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

MPC

Energy industry group

4.42

MPC
4.42
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Chevron (CVX) vs. Marathon Petroleum (MPC): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Marathon Petroleum (MPC)
MetricCVXMPC
P/E Ratio (TTM)15.617.39
P/S Ratio (TTM)1.830.58
P/B Ratio (MRQ)2.134.42
Free Cash Flow Yield (TTM)6.28%16.00%