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 2026-07-09.
ConocoPhillips · Energy
$108.44
-21.6% upside to fair value
Grade D
VS
Chevron Corporation · Energy
$175.91
-3.4% upside to fair value
Grade D
QuantHub Verdict
CVX has more upside to fair value
(-3.4%).
COP trades at a lower forward P/E
(18.4x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
COP |
CVX |
| Current Price |
$108.44 |
$175.91 |
| Fair Value Estimate |
$85.04 |
$169.96 |
| Upside to Fair Value |
-21.6%
|
-3.4%
|
| Market Cap |
$132.1B |
$350.3B |
| Forward P/E |
18.4x
|
30.4x
|
| EV / EBITDA |
6.1x
|
9.4x
|
| Price / Sales |
2.3x
|
1.9x
|
| Price / FCF |
8.6x
|
26.2x
|
| Revenue Growth YoY |
-2.5%
|
+3.2%
|
| Gross Margin |
29.2%
|
25.4%
|
| Operating Margin |
18.3%
|
8.4%
|
| Return on Equity |
11.3%
|
6.2%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
11.64%
|
3.82%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
ConocoPhillips is a major player in the Energy sector focused on Oil & Gas Exploration & Production. The company demonstrates medium business quality with a stable competitive position but faces earnings pressure as reflected in a 23.4% decline in earnings and a 2.5% decline in revenue in the most recent quarter year-over-year. Despite a solid ROE of 11.3% and attractive margins (gross margin 29.…
Chevron Corporation operates as a leading integrated oil and gas company within the energy sector, demonstrating medium business quality with a stable competitive position but facing earnings pressure as evidenced by a 36.9% decline in earnings in the most recent quarter. The stock trades at a premium valuation with a P/E trailing and forward of 30.38, EV/EBITDA of 9.41, and a P/FCF of 26.2, refl…
Accumulation Zones
| Metric |
COP |
CVX |
| Zone Low |
$63.78 |
$127.47 |
| Zone High |
$72.28 |
$144.47 |
| In Buy Zone? |
No
|
No
|