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CVX vs. SHEL: Chevron vs. Shell Stock Comparison

How do Chevron (CVX) and Shell (SHEL) 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 Shell (SHEL) 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.

Chevron (CVX) trades as ordinary local shares, while Shell (SHEL) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Chevron (CVX) and Shell (SHEL)
Profile ItemCVXSHEL
NameChevron CorporationShell plc
Country/RegionUnited StatesUnited Kingdom
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasIntegrated Oil & Gas
Market Capitalization392.32 billion USD249.80 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962March 12, 1984
Security TypeCommon StockADR

Price Performance

Cumulative Growth

CVX
SHEL
GSPC
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Chevron (CVX) vs. Shell (SHEL), 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 Shell (SHEL). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
Total Return (1Y)34.30%30.47%
Total Return (3Y, Annualized)11.43%18.26%
Total Return (5Y, Annualized)19.22%21.90%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
Volatility (1Y, Annualized)23.50%22.38%
Beta (5Y)0.500.05
Max Drawdown (5Y)-24.95%-25.04%
Avg. Volume (3M)8.89M6.62M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and SHEL 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 Shell (SHEL)
MetricCVXSHEL
Sharpe Ratio (1Y)1.291.18
Sortino Ratio (1Y)1.881.73

Profitability

ROE (TTM)

Both Chevron (CVX) at 12.23% and Shell (SHEL) at 14.34% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

CVX

Energy industry group

12.23%

Max
42.10%
Q3
19.50%
CVX
12.23%
Median
10.55%
Q1
1.41%
Min
-24.68%

SHEL

Energy industry group

14.34%

Max
42.10%
Q3
19.50%
SHEL
14.34%
Median
10.55%
Q1
1.41%
Min
-24.68%
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Chevron (CVX) vs. Shell (SHEL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Chevron (CVX) at 9.83% and Shell (SHEL) at 8.76% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVX

Energy industry group

9.83%

Max
51.35%
Q3
21.53%
CVX
9.83%
Median
7.66%
Q1
0.03%
Min
-31.11%

SHEL

Energy industry group

8.76%

Max
51.35%
Q3
21.53%
SHEL
8.76%
Median
7.66%
Q1
0.03%
Min
-31.11%
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Chevron (CVX) vs. Shell (SHEL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Chevron (CVX) at 21.87% and Shell (SHEL) at 16.69% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVX

Energy industry group

21.87%

Max
83.65%
Q3
42.96%
CVX
21.87%
Median
21.12%
Q1
8.41%
Min
-9.47%

SHEL

Energy industry group

16.69%

Max
83.65%
Q3
42.96%
Median
21.12%
SHEL
16.69%
Q1
8.41%
Min
-9.47%
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Chevron (CVX) vs. Shell (SHEL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
ROE (TTM)12.23%14.34%
ROA (TTM)5.86%6.40%
Net Margin (TTM)9.83%8.76%
Operating Margin (TTM)21.87%16.69%
Gross Margin (TTM)44.27%26.09%

Growth

Revenue Growth

Both Chevron (CVX) at -4.64% and Shell (SHEL) at -6.13% 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. Shell (SHEL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Chevron (CVX) at -31.79% and Shell (SHEL) at 18.58% 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. Shell (SHEL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
Revenue Growth (YoY)-4.64%-6.13%
Revenue Growth (3Y CAGR)-7.85%-11.21%
EPS Growth (YoY)-31.79%18.58%
EPS Growth (3Y CAGR)-28.69%-19.31%

Financial Strength

Current Ratio (MRQ)

Both Chevron (CVX) at 1.25 and Shell (SHEL) at 1.44 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CVX

Energy industry group

1.25

Max
4.12
Q3
2.32
Median
1.48
CVX
1.25
Q1
0.89
Min
0.10

SHEL

Energy industry group

1.44

Max
4.12
Q3
2.32
Median
1.48
SHEL
1.44
Q1
0.89
Min
0.10
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Chevron (CVX) vs. Shell (SHEL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Chevron (CVX) at 0.19 keeps leverage in the lower industry quartile, while Shell (SHEL) at 0.40 runs a more typical debt-to-equity mix.

CVX

Energy industry group

0.19

Max
2.02
Q3
0.99
Median
0.56
Q1
0.29
CVX
0.19
Min
0.00

SHEL

Energy industry group

0.40

Max
2.02
Q3
0.99
Median
0.56
SHEL
0.40
Q1
0.29
Min
0.00
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Chevron (CVX) vs. Shell (SHEL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
Current Ratio (MRQ)1.251.44
Debt / Equity (MRQ)0.190.40
Net Debt / EBITDA0.560.72

Dividends

Dividend Yield (TTM)

Chevron (CVX) at 3.53% delivers top-quartile income for its industry, while Shell (SHEL) at 1.70% pays a more typical yield — both are credible income propositions, CVX the richer one.

CVX

Energy industry group

3.53%

Max
7.36%
CVX
3.53%
Q3
3.03%
Median
1.35%
Q1
0.00%
Min
0.00%

SHEL

Energy industry group

1.70%

Max
7.36%
Q3
3.03%
SHEL
1.70%
Median
1.35%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Shell (SHEL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Shell (SHEL) at 32.71% pays out a band-typical share of earnings, while Chevron (CVX) at 67.18% distributes more than its industry norm — less retained, thinner cover.

CVX

Energy industry group

67.18%

Max
123.08%
CVX
67.18%
Q3
51.26%
Median
25.00%
Q1
0.00%
Min
0.00%

SHEL

Energy industry group

32.71%

Max
123.08%
Q3
51.26%
SHEL
32.71%
Median
25.00%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. Shell (SHEL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
Dividend Yield (TTM)3.53%1.70%
Dividend Payout Ratio (TTM)67.18%32.71%

Valuation

P/E Ratio (TTM)

Both Chevron (CVX) at 19.23 and Shell (SHEL) at 10.01 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

19.23

Max
51.46
Q3
27.08
CVX
19.23
Median
16.36
Q1
9.34
Min
1.29

SHEL

Energy industry group

10.01

Max
51.46
Q3
27.08
Median
16.36
SHEL
10.01
Q1
9.34
Min
1.29
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Chevron (CVX) vs. Shell (SHEL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Shell (SHEL) at 0.84 sits in the cheaper P/S ratio quartile while Chevron (CVX) at 1.87 prices around its industry’s middle — SHEL costs less per dollar of sales, though read it alongside growth and margins.

CVX

Energy industry group

1.87

Max
5.18
Q3
2.88
CVX
1.87
Median
1.81
Q1
1.00
Min
0.00

SHEL

Energy industry group

0.84

Max
5.18
Q3
2.88
Median
1.81
Q1
1.00
SHEL
0.84
Min
0.00
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Chevron (CVX) vs. Shell (SHEL): 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 2.07 and Shell (SHEL) at 1.39 are valued close to their industries’ norm against book — neither stands out from peers.

CVX

Energy industry group

2.07

Max
5.10
Q3
2.84
CVX
2.07
Median
1.74
Q1
1.27
Min
0.01

SHEL

Energy industry group

1.39

Max
5.10
Q3
2.84
Median
1.74
SHEL
1.39
Q1
1.27
Min
0.01
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Chevron (CVX) vs. Shell (SHEL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and Shell (SHEL)
MetricCVXSHEL
P/E Ratio (TTM)19.2310.01
P/S Ratio (TTM)1.870.84
P/B Ratio (MRQ)2.071.39
Free Cash Flow Yield (TTM)5.59%8.59%