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 2026-05-01.
Chevron Corporation · Energy
$193.33
-18.2% upside to fair value
Grade D
VS
SLB N.V. · Energy
$56.15
+45.0% upside to fair value
Grade B
QuantHub Verdict
SLB has more upside to fair value
(+45.0%).
SLB trades at a lower forward P/E
(24.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
SLB |
| Current Price |
$193.33 |
$56.15 |
| Fair Value Estimate |
$158.09 |
$81.42 |
| Upside to Fair Value |
-18.2%
|
+45.0%
|
| Market Cap |
$385.8B |
$84.3B |
| Forward P/E |
31.3x
|
24.3x
|
| EV / EBITDA |
10.3x
|
17.5x
|
| Price / Sales |
2.1x
|
2.4x
|
| Price / FCF |
23.8x
|
17.6x
|
| Revenue Growth YoY |
-5.3%
|
+2.7%
|
| Gross Margin |
30.4%
|
13.6%
|
| Operating Margin |
9.0%
|
11.5%
|
| Return on Equity |
7.3%
|
12.2%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
4.19%
|
5.69%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Chevron Corporation operates as a leading integrated oil and gas company with significant upstream and downstream operations. The company benefits from experienced leadership under CEO Mike Wirth, who has over 44 years with Chevron, and maintains a strong market position as the second largest Big Oil major by market cap and net profits. However, Chevron currently trades at a very expensive valuat…
SLB N.V. is the world's largest oilfield services company operating primarily in the energy sector with a focus on oil and gas equipment and services. The company benefits from a diversified revenue base across well construction, production systems, reservoir characterization, and digital integration, with fiscal year 2024 revenues totaling over $37 billion. Despite modest revenue growth of 2.7% …
Accumulation Zones
| Metric |
CVX |
SLB |
| Zone Low |
$118.57 |
$61.06 |
| Zone High |
$134.38 |
$69.21 |
| In Buy Zone? |
No
|
Yes
|