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CVX vs. PSX: Chevron vs. Phillips 66 Stock Comparison

How do Chevron (CVX) and Phillips 66 (PSX) 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 Phillips 66 (PSX) both belong to the Oil, Gas & Consumable Fuels industry, though CVX is classified under Integrated Oil & Gas while PSX falls under Oil & Gas Refining & Marketing.

Company profile comparison for Chevron (CVX) and Phillips 66 (PSX)
Profile ItemCVXPSX
NameChevron CorporationPhillips 66
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 USD95.85 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962April 12, 2012
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVX
PSX
GSPC
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Chevron (CVX) vs. Phillips 66 (PSX), 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 Phillips 66 (PSX). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Chevron (CVX) and Phillips 66 (PSX). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
Total Return (1Y)42.24%88.91%
Total Return (3Y, Annualized)19.22%36.18%
Total Return (5Y, Annualized)17.45%30.83%

Risk Profile

Drawdown History

CVX
PSX
GSPC
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Chevron (CVX) vs. Phillips 66 (PSX), 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 Phillips 66 (PSX). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
Volatility (1Y, Annualized)24.66%33.42%
Beta (5Y)0.500.72
Max Drawdown (5Y)-24.95%-44.37%
Avg. Volume (3M)8.39M2.92M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and PSX 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 Phillips 66 (PSX)
MetricCVXPSX
Sharpe Ratio (1Y)1.542.53
Sortino Ratio (1Y)2.263.93

Profitability

ROE (TTM)

Phillips 66 (PSX) at 39.84% sits in the top ROE quartile, while Chevron (CVX) at 13.85% is closer to the peer norm — stronger capital efficiency for PSX.

CVX

Energy industry group

13.85%

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

PSX

Energy industry group

39.84%

Max
53.85%
PSX
39.84%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Chevron (CVX) at 11.92% and Phillips 66 (PSX) at 7.48% 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%

PSX

Energy industry group

7.48%

Max
56.92%
Q3
22.92%
Median
10.10%
PSX
7.48%
Q1
0.07%
Min
-27.38%
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Chevron (CVX) at 17.89% and Phillips 66 (PSX) at 13.17% 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%

PSX

Energy industry group

13.17%

Max
71.31%
Q3
33.75%
Median
18.73%
PSX
13.17%
Q1
6.94%
Min
-24.52%
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
ROE (TTM)13.85%39.84%
ROA (TTM)6.47%10.64%
Net Margin (TTM)11.92%7.48%
Operating Margin (TTM)17.89%13.17%
Gross Margin (TTM)44.39%15.08%

Growth

Revenue Growth

Chevron (CVX) at -4.64% is around its peer norm for revenue growth, while Phillips 66 (PSX) at -7.53% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their Revenue Growth across different time periods.

EPS Growth

Phillips 66 (PSX) at 116.23% 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 PSX.

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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
Revenue Growth (YoY)-4.64%-7.53%
Revenue Growth (3Y CAGR)-7.85%-8.00%
EPS Growth (YoY)-31.79%116.23%
EPS Growth (3Y CAGR)-28.69%-22.60%

Financial Strength

Current Ratio (MRQ)

Both Chevron (CVX) at 1.34 and Phillips 66 (PSX) at 1.34 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

PSX

Energy industry group

1.34

Max
3.64
Q3
2.21
Median
1.41
PSX
1.34
Q1
0.88
Min
0.24
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Chevron (CVX) vs. Phillips 66 (PSX): 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 Phillips 66 (PSX) at 0.52 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

PSX

Energy industry group

0.52

Max
1.75
Q3
0.93
Median
0.54
PSX
0.52
Q1
0.30
Min
0.00
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
Current Ratio (MRQ)1.341.34
Debt / Equity (MRQ)0.170.52
Net Debt / EBITDA0.360.82

Dividends

Dividend Yield (TTM)

Both Chevron (CVX) at 3.31% and Phillips 66 (PSX) at 2.03% 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%

PSX

Energy industry group

2.03%

Max
8.57%
Q3
3.58%
PSX
2.03%
Median
1.71%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Chevron (CVX) at 51.76% and Phillips 66 (PSX) at 16.07% 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%

PSX

Energy industry group

16.07%

Max
133.24%
Q3
53.31%
Median
25.24%
PSX
16.07%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
Dividend Yield (TTM)3.31%2.03%
Dividend Payout Ratio (TTM)51.76%16.07%

Valuation

P/E Ratio (TTM)

Both Chevron (CVX) at 15.61 and Phillips 66 (PSX) at 7.88 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

PSX

Energy industry group

7.88

Max
39.54
Q3
21.72
Median
12.19
PSX
7.88
Q1
7.71
Min
2.99
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Phillips 66 (PSX) at 0.57 sits in the cheaper P/S ratio quartile while Chevron (CVX) at 1.83 prices around its industry’s middle — PSX 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

PSX

Energy industry group

0.57

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
PSX
0.57
Min
0.00
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Chevron (CVX) at 2.13 is valued about in line with its industry on P/B ratio, while Phillips 66 (PSX) at 2.79 carries an above-peer premium to book — PSX is pricier on assets.

CVX

Energy industry group

2.13

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

PSX

Energy industry group

2.79

Max
4.21
PSX
2.79
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Chevron (CVX) vs. Phillips 66 (PSX): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Phillips 66 (PSX)
MetricCVXPSX
P/E Ratio (TTM)15.617.88
P/S Ratio (TTM)1.830.57
P/B Ratio (MRQ)2.132.79
Free Cash Flow Yield (TTM)6.28%9.93%