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CVX vs. OXY: Chevron vs. Occidental Petroleum Stock Comparison

How do Chevron (CVX) and Occidental Petroleum (OXY) 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 Occidental Petroleum (OXY) are both classified in the Integrated Oil & Gas sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Chevron (CVX) and Occidental Petroleum (OXY)
Profile ItemCVXOXY
NameChevron CorporationOccidental Petroleum Corp.
Country/RegionUnited StatesUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasIntegrated Oil & Gas
Market Capitalization414.86 billion USD56.36 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962December 31, 1981
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVX
OXY
GSPC
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Chevron (CVX) vs. Occidental Petroleum (OXY), 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 Occidental Petroleum (OXY). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
Total Return (1Y)42.24%38.05%
Total Return (3Y, Annualized)19.22%-0.84%
Total Return (5Y, Annualized)17.45%12.24%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
Volatility (1Y, Annualized)24.66%35.52%
Beta (5Y)0.500.19
Max Drawdown (5Y)-24.95%-50.77%
Avg. Volume (3M)8.39M8.51M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and OXY 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 Occidental Petroleum (OXY)
MetricCVXOXY
Sharpe Ratio (1Y)1.540.95
Sortino Ratio (1Y)2.261.42

Profitability

ROE (TTM)

Both Chevron (CVX) at 13.85% and Occidental Petroleum (OXY) at 10.63% 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%

OXY

Energy industry group

10.63%

Max
53.85%
Q3
24.79%
Median
12.85%
OXY
10.63%
Q1
2.03%
Min
-29.09%
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Occidental Petroleum (OXY) at 30.32% retains a top-quartile share of revenue as profit, ahead of Chevron (CVX) at 11.92%, which keeps about the industry-typical share.

CVX

Energy industry group

11.92%

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

OXY

Energy industry group

30.32%

Max
56.92%
OXY
30.32%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Occidental Petroleum (OXY) at 45.44% 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%

OXY

Energy industry group

45.44%

Max
71.31%
OXY
45.44%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
ROE (TTM)13.85%10.63%
ROA (TTM)6.47%4.68%
Net Margin (TTM)11.92%30.32%
Operating Margin (TTM)17.89%45.44%
Gross Margin (TTM)44.39%73.32%

Growth

Revenue Growth

Both Chevron (CVX) at -4.64% and Occidental Petroleum (OXY) at -1.93% 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. Occidental Petroleum (OXY): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Chevron (CVX) at -31.79% and Occidental Petroleum (OXY) at -34.02% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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

Growth Metrics

Growth metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
Revenue Growth (YoY)-4.64%-1.93%
Revenue Growth (3Y CAGR)-7.85%-16.16%
EPS Growth (YoY)-31.79%-34.02%
EPS Growth (3Y CAGR)-28.69%-49.36%

Financial Strength

Current Ratio (MRQ)

Both Chevron (CVX) at 1.34 and Occidental Petroleum (OXY) at 1.41 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

OXY

Energy industry group

1.41

Max
3.64
Q3
2.21
OXY
1.41
Median
1.41
Q1
0.88
Min
0.24
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Chevron (CVX) vs. Occidental Petroleum (OXY): 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 industry quartile, while Occidental Petroleum (OXY) at 0.35 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

OXY

Energy industry group

0.35

Max
1.75
Q3
0.93
Median
0.54
OXY
0.35
Q1
0.30
Min
0.00
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
Current Ratio (MRQ)1.341.41
Debt / Equity (MRQ)0.170.35
Net Debt / EBITDA0.360.76

Dividends

Dividend Yield (TTM)

Both Chevron (CVX) at 3.31% and Occidental Petroleum (OXY) at 1.77% 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%

OXY

Energy industry group

1.77%

Max
8.57%
Q3
3.58%
OXY
1.77%
Median
1.71%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Chevron (CVX) at 51.76% and Occidental Petroleum (OXY) at 28.41% 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%

OXY

Energy industry group

28.41%

Max
133.24%
Q3
53.31%
OXY
28.41%
Median
25.24%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
Dividend Yield (TTM)3.31%1.77%
Dividend Payout Ratio (TTM)51.76%28.41%

Valuation

P/E Ratio (TTM)

Both Chevron (CVX) at 15.61 and Occidental Petroleum (OXY) at 16.02 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

OXY

Energy industry group

16.02

Max
39.54
Q3
21.72
OXY
16.02
Median
12.19
Q1
7.71
Min
2.99
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Chevron (CVX) vs. Occidental Petroleum (OXY): 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 Occidental Petroleum (OXY) at 2.36 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

OXY

Energy industry group

2.36

Max
5.40
Q3
2.85
OXY
2.36
Median
1.69
Q1
0.88
Min
0.00
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Chevron (CVX) vs. Occidental Petroleum (OXY): 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 Occidental Petroleum (OXY) at 1.68 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

OXY

Energy industry group

1.68

Max
4.21
Q3
2.38
OXY
1.68
Median
1.51
Q1
1.08
Min
0.01
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Chevron (CVX) vs. Occidental Petroleum (OXY): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Occidental Petroleum (OXY)
MetricCVXOXY
P/E Ratio (TTM)15.6116.02
P/S Ratio (TTM)1.832.36
P/B Ratio (MRQ)2.131.68
Free Cash Flow Yield (TTM)6.28%6.72%