CVX vs. TRGP: Chevron vs. Targa Resources Stock Comparison
How do Chevron (CVX) and Targa Resources (TRGP) 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 Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though CVX is classified under Integrated Oil & Gas while TRGP falls under Oil & Gas Storage & Transportation.
| Profile Item | CVX | TRGP |
|---|---|---|
| Name | Chevron Corporation | Targa Resources Corp. |
| Country/Region | United States | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Integrated Oil & Gas | Oil & Gas Storage & Transportation |
| Market Capitalization | 414.86 billion USD | 56.77 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | January 2, 1962 | December 7, 2010 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Total Return (1Y) | 42.24% | 61.02% |
| Total Return (3Y, Annualized) | 19.22% | 51.25% |
| Total Return (5Y, Annualized) | 17.45% | 39.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Volatility (1Y, Annualized) | 24.66% | 29.62% |
| Beta (5Y) | 0.50 | 0.79 |
| Max Drawdown (5Y) | -24.95% | -31.61% |
| Avg. Volume (3M) | 8.39M | 1.21M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Sharpe Ratio (1Y) | 1.54 | 1.92 |
| Sortino Ratio (1Y) | 2.26 | 2.91 |
Profitability
ROE (TTM)
Targa Resources (TRGP) at 73.42% 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%
TRGP
Energy industry group
73.42%
- TRGP
- 73.42%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Both Chevron (CVX) at 11.92% and Targa Resources (TRGP) at 13.46% 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%
TRGP
Energy industry group
13.46%
- Max
- 56.92%
- Q3
- 22.92%
- TRGP
- 13.46%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Chevron (CVX) at 17.89% and Targa Resources (TRGP) at 19.58% 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%
TRGP
Energy industry group
19.58%
- Max
- 71.31%
- Q3
- 33.75%
- TRGP
- 19.58%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CVX | TRGP |
|---|---|---|
| ROE (TTM) | 13.85% | 73.42% |
| ROA (TTM) | 6.47% | 9.52% |
| Net Margin (TTM) | 11.92% | 13.46% |
| Operating Margin (TTM) | 17.89% | 19.58% |
| Gross Margin (TTM) | 44.39% | 41.82% |
Growth
Revenue Growth
Both Chevron (CVX) at -4.64% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Targa Resources (TRGP) at 46.92% 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 TRGP.
Growth Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Revenue Growth (YoY) | -4.64% | 3.95% |
| Revenue Growth (3Y CAGR) | -7.85% | -6.65% |
| EPS Growth (YoY) | -31.79% | 46.92% |
| EPS Growth (3Y CAGR) | -28.69% | 30.53% |
Financial Strength
Current Ratio (MRQ)
Chevron (CVX) at 1.34 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.
CVX
Energy industry group
1.34
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CVX
- 1.34
- Q1
- 0.88
- Min
- 0.24
TRGP
Energy industry group
0.74
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- TRGP
- 0.74
- Min
- 0.24
Debt / Equity (MRQ)
Chevron (CVX) at 0.17 keeps leverage in the lower quartile, while Targa Resources (TRGP) at 5.01 is above its industry debt-to-equity ratio range.
CVX
Energy industry group
0.17
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- CVX
- 0.17
- Min
- 0.00
TRGP
Energy industry group
5.01
- TRGP
- 5.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Current Ratio (MRQ) | 1.34 | 0.74 |
| Debt / Equity (MRQ) | 0.17 | 5.01 |
| Net Debt / EBITDA | 0.36 | 3.38 |
Dividends
Dividend Yield (TTM)
Both Chevron (CVX) at 3.31% and Targa Resources (TRGP) at 1.75% 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%
TRGP
Energy industry group
1.75%
- Max
- 8.57%
- Q3
- 3.58%
- TRGP
- 1.75%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Chevron (CVX) at 51.76% and Targa Resources (TRGP) at 39.82% 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%
TRGP
Energy industry group
39.82%
- Max
- 133.24%
- Q3
- 53.31%
- TRGP
- 39.82%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CVX | TRGP |
|---|---|---|
| Dividend Yield (TTM) | 3.31% | 1.75% |
| Dividend Payout Ratio (TTM) | 51.76% | 39.82% |
Valuation
P/E Ratio (TTM)
Chevron (CVX) at 15.61 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.
CVX
Energy industry group
15.61
- Max
- 39.54
- Q3
- 21.72
- CVX
- 15.61
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
TRGP
Energy industry group
23.42
- Max
- 39.54
- TRGP
- 23.42
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Chevron (CVX) at 1.83 is priced about in line with its industry on P/S ratio, while Targa Resources (TRGP) at 3.12 sits in the pricier quartile — TRGP costs more per dollar of 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
TRGP
Energy industry group
3.12
- Max
- 5.40
- TRGP
- 3.12
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Chevron (CVX) at 2.13 sits near its industry’s typical P/B ratio, while Targa Resources (TRGP) at 14.87 prices above its benchmark range — TRGP 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
TRGP
Energy industry group
14.87
- TRGP
- 14.87
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CVX | TRGP |
|---|---|---|
| P/E Ratio (TTM) | 15.61 | 23.42 |
| P/S Ratio (TTM) | 1.83 | 3.12 |
| P/B Ratio (MRQ) | 2.13 | 14.87 |
| Free Cash Flow Yield (TTM) | 6.28% | 0.29% |