TRP vs. XOM: TC Energy vs. ExxonMobil Stock Comparison

November 11, 2026

How do TC Energy (TRP) and ExxonMobil (XOM) 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

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

Company profile comparison for TC Energy (TRP) and ExxonMobil (XOM)
Profile Item	TRP	XOM
Name	TC Energy Corporation	ExxonMobil Holdings Corporation
Country/Region	Canada	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Integrated Oil & Gas
Market Capitalization	64.51 billion USD	676.62 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 20, 1982	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

TRP

XOM

GSPC

TC Energy (TRP) vs. ExxonMobil (XOM), 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 TC Energy (TRP) and ExxonMobil (XOM). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Total Return (1Y)	24.67%	44.48%
Total Return (3Y, Annualized)	26.02%	20.83%
Total Return (5Y, Annualized)	9.85%	24.20%

Risk Profile

Drawdown History

TRP

XOM

GSPC

TC Energy (TRP) vs. ExxonMobil (XOM), 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 TC Energy (TRP) and ExxonMobil (XOM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Volatility (1Y, Annualized)	19.39%	27.17%
Beta (5Y)	0.64	0.19
Max Drawdown (5Y)	-38.98%	-20.51%
Avg. Volume (3M)	2.56M	13.57M

Risk-Adjusted Performance

Risk-Return Positioning

TRP and XOM 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 TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Sharpe Ratio (1Y)	1.05	1.48
Sortino Ratio (1Y)	1.61	2.17

Profitability

ROE (TTM)

Both TC Energy (TRP) at 12.15% and ExxonMobil (XOM) at 15.53% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

TRP

Energy industry group

12.15%

Max: 53.85%
Q3: 24.79%
Median: 12.85%
TRP: 12.15%
Q1: 2.03%
Min: -29.09%

XOM

Energy industry group

15.53%

Max: 53.85%
Q3: 24.79%
XOM: 15.53%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

TC Energy (TRP) vs. ExxonMobil (XOM): 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 ExxonMobil (XOM) at 10.46%, which keeps about the industry-typical share.

TRP

Energy industry group

25.05%

Max: 56.92%
TRP: 25.05%
Q3: 22.92%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

XOM

Energy industry group

10.46%

Max: 56.92%
Q3: 22.92%
XOM: 10.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

TC Energy (TRP) vs. ExxonMobil (XOM): 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 ExxonMobil (XOM) at 16.98%, which runs around its industry’s norm.

TRP

Energy industry group

41.66%

Max: 71.31%
TRP: 41.66%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

XOM

Energy industry group

16.98%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
XOM: 16.98%
Q1: 6.94%
Min: -24.52%

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
ROE (TTM)	12.15%	15.53%
ROA (TTM)	3.70%	6.75%
Net Margin (TTM)	25.05%	10.46%
Operating Margin (TTM)	41.66%	16.98%
Gross Margin (TTM)	70.07%	29.81%

Growth

Revenue Growth

Both TC Energy (TRP) at 10.66% and ExxonMobil (XOM) at -4.52% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both TC Energy (TRP) at -26.19% and ExxonMobil (XOM) at -14.54% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Revenue Growth (YoY)	10.66%	-4.52%
Revenue Growth (3Y CAGR)	7.38%	-6.69%
EPS Growth (YoY)	-26.19%	-14.54%
EPS Growth (3Y CAGR)	72.24%	-20.35%

Financial Strength

Current Ratio (MRQ)

ExxonMobil (XOM) at 1.19 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.

TRP

Energy industry group

0.57

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
TRP: 0.57
Min: 0.24

XOM

Energy industry group

1.19

Max: 3.64
Q3: 2.21
Median: 1.41
XOM: 1.19
Q1: 0.88
Min: 0.24

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

ExxonMobil (XOM) at 0.13 keeps leverage in the lower quartile, while TC Energy (TRP) at 1.68 sits in the higher-leverage quartile.

TRP

Energy industry group

1.68

Max: 1.75
TRP: 1.68
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

XOM

Energy industry group

0.13

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
XOM: 0.13
Min: 0.00

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Current Ratio (MRQ)	0.57	1.19
Debt / Equity (MRQ)	1.68	0.13
Net Debt / EBITDA	6.08	0.28

Dividends

Dividend Yield (TTM)

TC Energy (TRP) at 5.57% delivers top-quartile income for its industry, while ExxonMobil (XOM) at 2.49% pays a more typical yield — both are credible income propositions, TRP the richer one.

TRP

Energy industry group

5.57%

Max: 8.57%
TRP: 5.57%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

XOM

Energy industry group

2.49%

Max: 8.57%
Q3: 3.58%
XOM: 2.49%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

ExxonMobil (XOM) at 42.39% 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.

TRP

Energy industry group

93.87%

Max: 133.24%
TRP: 93.87%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

XOM

Energy industry group

42.39%

Max: 133.24%
Q3: 53.31%
XOM: 42.39%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
Dividend Yield (TTM)	5.57%	2.49%
Dividend Payout Ratio (TTM)	93.87%	42.39%

Valuation

P/E Ratio (TTM)

ExxonMobil (XOM) at 17.06 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.

TRP

Energy industry group

23.19

Max: 39.54
TRP: 23.19
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

XOM

Energy industry group

17.06

Max: 39.54
Q3: 21.72
XOM: 17.06
Median: 12.19
Q1: 7.71
Min: 2.99

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

ExxonMobil (XOM) at 1.74 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.

TRP

Energy industry group

4.03

Max: 5.40
TRP: 4.03
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

XOM

Energy industry group

1.74

Max: 5.40
Q3: 2.85
XOM: 1.74
Median: 1.69
Q1: 0.88
Min: 0.00

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both TC Energy (TRP) at 3.54 and ExxonMobil (XOM) at 2.55 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

TRP

Energy industry group

3.54

Max: 4.21
TRP: 3.54
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

XOM

Energy industry group

2.55

Max: 4.21
XOM: 2.55
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

TC Energy (TRP) vs. ExxonMobil (XOM): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for TC Energy (TRP) and ExxonMobil (XOM)
Metric	TRP	XOM
P/E Ratio (TTM)	23.19	17.06
P/S Ratio (TTM)	4.03	1.74
P/B Ratio (MRQ)	3.54	2.55
Free Cash Flow Yield (TTM)	0.77%	4.19%