COP vs CVX: Which Is the Better Buy?
Side-by-side comparison of ConocoPhillips and Chevron Corporation — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
ConocoPhillips · Energy
$127.53
+32.1% upside to fair value
Med Conviction
Grade B
VS
Chevron Corporation · Energy
$205.52
+35.9% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
CVX has more upside to fair value
(+35.9%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
COP |
CVX |
| Current Price |
$127.53 |
$205.52 |
| Fair Value Estimate |
$168.50 |
$279.29 |
| Upside to Fair Value |
+32.1%
|
+35.9%
|
| Market Cap |
$155.4B |
$409.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
6.2x
|
7.8x
|
| Price / Sales |
2.5x
|
2.0x
|
| Price / FCF |
7.9x
|
15.0x
|
| Revenue Growth YoY |
+36.8%
|
+51.4%
|
| Gross Margin |
27.7%
|
31.0%
|
| Operating Margin |
21.9%
|
15.8%
|
| Return on Equity |
14.3%
|
11.0%
|
| Dividend Yield |
2.63% |
3.43% |
| FCF Yield |
12.66%
|
6.67%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
ConocoPhillips is a global exploration and production company with a portfolio spanning unconventional North American shale, conventional international assets, LNG ventures, and Canadian oil sands, run by a new leadership team after Andy O'Brien became CEO on September 1, 2026. The business quality is medium: it generates substantial cash, with $16.15 in free cash flow per share and a 14.3% retur…
Chevron is a global integrated oil and gas major organized into Upstream and Downstream segments, spanning crude oil and natural gas exploration, LNG processing and transport, refining, petrochemicals, and lubricants, with 43,039 full-time employees and a market capitalization of $409.31 billion at a current price of $205.52. The business quality is high: it generates $13.71 of free cash flow per…
Accumulation Zones
| Metric |
COP |
CVX |
| Zone Low |
$126.38 |
$209.47 |
| Zone High |
$143.22 |
$237.40 |
| In Buy Zone? |
Yes
|
Yes
|