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CVX vs. TRP: Chevron vs. TC Energy Stock Comparison

How do Chevron (CVX) and TC Energy (TRP) 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 TC Energy (TRP) both belong to the Oil, Gas & Consumable Fuels industry, though CVX is classified under Integrated Oil & Gas while TRP falls under Oil & Gas Storage & Transportation.

Company profile comparison for Chevron (CVX) and TC Energy (TRP)
Profile ItemCVXTRP
NameChevron CorporationTC Energy Corporation
Country/RegionUnited StatesCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization414.86 billion USD64.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 2, 1962September 20, 1982
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVX
TRP
GSPC
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Chevron (CVX) vs. TC Energy (TRP), 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 TC Energy (TRP). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
Total Return (1Y)42.24%24.67%
Total Return (3Y, Annualized)19.22%26.02%
Total Return (5Y, Annualized)17.45%9.85%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
Volatility (1Y, Annualized)24.66%19.39%
Beta (5Y)0.500.64
Max Drawdown (5Y)-24.95%-38.98%
Avg. Volume (3M)8.39M2.56M

Risk-Adjusted Performance

Risk-Return Positioning

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CVX and TRP 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 TC Energy (TRP)
MetricCVXTRP
Sharpe Ratio (1Y)1.541.05
Sortino Ratio (1Y)2.261.61

Profitability

ROE (TTM)

Both Chevron (CVX) at 13.85% and TC Energy (TRP) at 12.15% 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%

TRP

Energy industry group

12.15%

Max
53.85%
Q3
24.79%
Median
12.85%
TRP
12.15%
Q1
2.03%
Min
-29.09%
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

TC Energy (TRP) at 25.05% 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%

TRP

Energy industry group

25.05%

Max
56.92%
TRP
25.05%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

TC Energy (TRP) at 41.66% 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%

TRP

Energy industry group

41.66%

Max
71.31%
TRP
41.66%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
ROE (TTM)13.85%12.15%
ROA (TTM)6.47%3.70%
Net Margin (TTM)11.92%25.05%
Operating Margin (TTM)17.89%41.66%
Gross Margin (TTM)44.39%70.07%

Growth

Revenue Growth

Both Chevron (CVX) at -4.64% and TC Energy (TRP) at 10.66% 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. TC Energy (TRP): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Chevron (CVX) at -31.79% and TC Energy (TRP) at -26.19% 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. TC Energy (TRP): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
Revenue Growth (YoY)-4.64%10.66%
Revenue Growth (3Y CAGR)-7.85%7.38%
EPS Growth (YoY)-31.79%-26.19%
EPS Growth (3Y CAGR)-28.69%72.24%

Financial Strength

Current Ratio (MRQ)

Chevron (CVX) at 1.34 keeps current ratio within its industry’s typical mid-range, while TC Energy (TRP) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRP.

CVX

Energy industry group

1.34

Max
3.64
Q3
2.21
Median
1.41
CVX
1.34
Q1
0.88
Min
0.24

TRP

Energy industry group

0.57

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
TRP
0.57
Min
0.24
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Chevron (CVX) vs. TC Energy (TRP): 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 TC Energy (TRP) at 1.68 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

TRP

Energy industry group

1.68

Max
1.75
TRP
1.68
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
Current Ratio (MRQ)1.340.57
Debt / Equity (MRQ)0.171.68
Net Debt / EBITDA0.366.08

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while Chevron (CVX) at 3.31% pays a more typical yield — both are credible income propositions, TRP the richer one.

CVX

Energy industry group

3.31%

Max
8.57%
Q3
3.58%
CVX
3.31%
Median
1.71%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

5.57%

Max
8.57%
TRP
5.57%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Chevron (CVX) at 51.76% pays out a band-typical share of earnings, while TC Energy (TRP) at 93.87% distributes more than its industry norm — less retained, thinner cover.

CVX

Energy industry group

51.76%

Max
133.24%
Q3
53.31%
CVX
51.76%
Median
25.24%
Q1
0.00%
Min
0.00%

TRP

Energy industry group

93.87%

Max
133.24%
TRP
93.87%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
Dividend Yield (TTM)3.31%5.57%
Dividend Payout Ratio (TTM)51.76%93.87%

Valuation

P/E Ratio (TTM)

Chevron (CVX) at 15.61 is near its industry’s usual P/E ratio, while TC Energy (TRP) at 23.19 sits in the richer quartile — TRP 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

TRP

Energy industry group

23.19

Max
39.54
TRP
23.19
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Chevron (CVX) at 1.83 is priced about in line with its industry on P/S ratio, while TC Energy (TRP) at 4.03 sits in the pricier quartile — TRP 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

TRP

Energy industry group

4.03

Max
5.40
TRP
4.03
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Chevron (CVX) vs. TC Energy (TRP): 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 TC Energy (TRP) at 3.54 carries an above-peer premium to book — TRP 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

TRP

Energy industry group

3.54

Max
4.21
TRP
3.54
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Chevron (CVX) vs. TC Energy (TRP): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Chevron (CVX) and TC Energy (TRP)
MetricCVXTRP
P/E Ratio (TTM)15.6123.19
P/S Ratio (TTM)1.834.03
P/B Ratio (MRQ)2.133.54
Free Cash Flow Yield (TTM)6.28%0.77%