Exxon Mobil (XOM) vs Chevron (CVX): Stock Comparison
Data as of November 7, 2026. Refreshed weekly from SEC filings and market data.
Chevron is cheaper on earnings, at 15.5 times against 17.4; Chevron keeps the higher net margin (11.9% against 10.5%); Chevron grew revenue faster over the last year (20.8% against 19.5%); dividend yield is about the same (2.4% and 3.3%). Exxon Mobil clears 5 of this site's 8 value filters and Chevron 8. Figures are as of November 7, 2026; each is on the page below with its source.
How do Exxon Mobil and Chevron compare on the numbers?
| Measure | Exxon Mobil (XOM) | Chevron (CVX) | Clearer lead |
|---|---|---|---|
| Share price | $165.87 | $212.61 | |
| Market value | $708 billion | $417 billion | |
| P/E ratio (trailing) | 17.4 | 15.5 | CVX |
| PEG ratio | 1.71 | 0.99 | CVX |
| Free-cash-flow yield | 6.1% | 8.5% | CVX |
| Net profit margin | 10.5% | 11.9% | CVX |
| Revenue growth, last year | 19.5% | 20.8% | CVX |
| Return on equity | 15.6% | 11.0% | XOM |
| Debt to equity | 0.13 | 0.20 | XOM |
| Dividend yield | 2.4% | 3.3% | About the same |
| Margin of safety (DCF) | +3.5% | +31.4% | CVX |
| Value filters passed (of 8) | 5 | 8 | CVX |
| Distance from 52-week high | -11.4% | -9.7% |
How have Exxon Mobil and Chevron shares done against each other?
Exxon Mobil 252Chevron 185
Each share price set to 100 on Nov 2021, to Nov 2026. Price only: dividends are not included.
From Nov 2021 to Nov 2026, Exxon Mobil shares are up 152% and Chevron shares up 85%, so Exxon Mobil has pulled ahead of Chevron by 68 points of the starting price. The deepest fall from a prior high in that window was 20% for Exxon Mobil and 26% for Chevron.
| Period | Exxon Mobil (XOM) | Chevron (CVX) |
|---|---|---|
| Last 1 year | +44.9% | +39.0% |
| Last 3 years | +56.7% | +44.6% |
| Last 5 years | +155.1% | +85.3% |
Which has grown faster, Exxon Mobil or Chevron?
Over 5 years, Exxon Mobil grew revenue 12.9% a year and earnings per share n/a a year; Chevron grew revenue 14.8% and earnings per share n/a. Its net margin averaged 10.1% at Exxon Mobil and 10.0% at Chevron.
| Measure | Exxon Mobil (XOM) | Chevron (CVX) |
|---|---|---|
| Latest fiscal year ended | Dec 2025 | Dec 2025 |
| Revenue, first year to latest | $182 billion to $332 billion | $94.7 billion to $189 billion |
| Revenue growth per year | 12.9% | 14.8% |
| Earnings per share, first year to latest | $-5.25 to $6.70 | $-2.96 to $6.63 |
| Earnings per share growth per year | n/a | n/a |
| Net margin, latest year | 8.7% | 6.5% |
| Net margin, average of the years | 10.1% | 10.0% |
| Free cash flow margin, latest year | 7.1% | 8.8% |
From each company's 10-K filings (SEC EDGAR), over its latest 5 years.
What growth does each share price assume?
| Measure | Exxon Mobil (XOM) | Chevron (CVX) |
|---|---|---|
| Free cash flow growth the price implies | 7.1% a year | -1.3% a year |
| Free cash flow per share | $10.06 | $18.15 |
| Margin of safety on this site's DCF | +3.5% | +31.4% |
At $165.87, Exxon Mobil's price implies free cash flow growth of 7.1% a year, fading to 2.5% over 10 years. That is less growth than the 8% baseline.
At $212.61, Chevron's price implies free cash flow growth of -1.3% a year, fading to 2.5% over 10 years. That is less growth than the 8% baseline.
The same model and baseline as every stock page. A price that asks for less growth is not a better company, only a lower bar to clear.
Where is each stronger?
Where Exxon Mobil leads
- Higher return on equity: 15.6% against 11.0%
- Less debt for its equity: 0.13 against 0.20
- A higher net margin in its latest filed year: 8.7% against 6.5%
Where Chevron leads
- Lower P/E: 15.5 against 17.4
- Lower PEG: 0.99 against 1.71
- Higher free-cash-flow yield: 8.5% against 6.1%
- Higher net margin: 11.9% against 10.5%
- Faster revenue growth last year: 20.8% against 19.5%
- Higher margin of safety on this site's DCF: +31.4% against +3.5%
- More of the 8 value filters: 8 against 5
- Faster revenue growth over its filed record: 14.8% against 12.9%
- A higher free-cash-flow margin in its latest filed year: 8.8% against 7.1%
About the same on: dividend yield, net margin, average of the years. A lead needs a clear gap (10% apart on a ratio, 1 point on a percentage), so a rounding difference never names a winner. A lead on one measure is not a verdict on the company.
How do the businesses differ?
Exxon Mobil. Exxon Mobil is one of the world's largest oil and gas companies. It produces crude oil and natural gas, refines it into fuels and makes chemicals, with major projects in Guyana and the Permian Basin.
Chevron. Chevron is a major integrated oil company: it produces oil and gas, refines and sells fuels and makes chemicals. It bought Hess in 2025, adding a stake in Guyana's offshore Stabroek field.
Both are in the Energy industry on this site. Both are integrated US oil companies that produce oil and gas and refine it into fuel and chemicals. Their results move mostly with the price of oil, so the differences between them come from where each produces and how much each owes.
What stands out about Exxon Mobil
- Misses 1 of the 8 value filters. It fails PEG Ratio < 1.5 (1.71); the other 5 pass and 2 were not evaluated.
- The margin of safety is rising. It went from -29% on Oct 7 to +3% on Nov 7 across 8 weekly readings.
- Strongest against peers: debt / equity. At 0.13 (peer median 0.45) it ranks 2nd of 21 among energy stocks this site tracks.
What stands out about Chevron
- No filter fails. CVX passes 8 of the 8 value filters.
- The margin of safety is rising. It went from +16% on Oct 7 to +31% on Nov 7 across 8 weekly readings.
- Weakest against peers: return on equity. At 11% (peer median 18%) it ranks 20th of 21 among energy stocks this site tracks.
Frequently asked questions about Exxon Mobil and Chevron
Which is cheaper, Exxon Mobil or Chevron?
On trailing earnings, Chevron is cheaper: Exxon Mobil trades at 17.4 times and Chevron at 15.5 times. On free cash flow, the yields are 6.1% and 8.5%. Cheaper is not the same as better value: read the growth each price assumes below.
Which pays the higher dividend, Exxon Mobil or Chevron?
Their yields are about the same: Exxon Mobil 2.4% and Chevron 3.3% over the last year.
Which has grown faster, Exxon Mobil or Chevron?
Over their latest filed five years, Exxon Mobil grew revenue 12.9% a year and Chevron 14.8%; earnings per share grew n/a and n/a a year.
Which has more debt, Exxon Mobil or Chevron?
Chevron has more debt for its equity: debt to equity is 0.13 for Exxon Mobil and 0.20 for Chevron. A very high figure can also come from buybacks that shrank equity.
Which is more profitable, Exxon Mobil or Chevron?
Chevron keeps more of each sales dollar as profit: 10.5% for Exxon Mobil and 11.9% for Chevron, with a return on equity of 15.6% and 11.0%.
Which passes more of the 8 value filters?
Chevron clears more: Exxon Mobil 5 of 8 and Chevron 8 of 8. The filters are this site's own value rules, not a prediction.
Where do these numbers come from?
Prices, ratios and yield are from this site's weekly data as of November 7, 2026; growth and margins by year are from each company's 10-K filings (sources on Exxon Mobil and Chevron). The DCF is the same model on every stock page. See Editorial Standards. Educational, not investment advice.