CVX vs SLB: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and SLB N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
Chevron Corporation · Energy
$188.52
-23.1% upside to fair value
Grade D
VS
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
SLB has more upside to fair value
(-20.2%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
SLB |
| Current Price |
$188.52 |
$51.92 |
| Fair Value Estimate |
$145.00 |
$41.43 |
| Upside to Fair Value |
-23.1%
|
-20.2%
|
| Market Cap |
$376.9B |
$77.9B |
| Forward P/E |
22.9x
|
18.6x
|
| EV / EBITDA |
7.8x
|
9.2x
|
| Price / Sales |
1.5x
|
2.2x
|
| Price / FCF |
17.0x
|
16.1x
|
| Revenue Growth YoY |
-4.6%
|
-1.6%
|
| Gross Margin |
30.4%
|
18.21%
|
| Operating Margin |
9.0%
|
15.28%
|
| Return on Equity |
6.6%
|
12.83%
|
| Dividend Yield |
4.52% |
2.21% |
| FCF Yield |
5.89%
|
6.21%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Chevron Corporation is a leading integrated oil and gas major with global upstream and downstream operations, a fortress balance sheet, and a shareholder-friendly capital return program. Under CEO Mike Wirth, the company has prioritized disciplined capital allocation, returning over $27 billion to shareholders in 2024 alone through buybacks and dividends, while maintaining a 38-year streak of con…
SLB is the world's largest oilfield services company with $35.7B in FY2025 revenue, operating across four divisions: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The company completed the ChampionX acquisition in 2025 and is pursuing a digital transformation and AI-driven strategy. At $51.92, SLB trades at 2.18x P/S (in the fair range of the 5-year di…
Accumulation Zones
| Metric |
CVX |
SLB |
| Zone Low |
$108.75 |
$34.00 |
| Zone High |
$123.25 |
$39.00 |
| In Buy Zone? |
No
|
No
|