CVX vs XOM: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and Exxon Mobil Corporation — 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
Exxon Mobil Corporation · Energy
$152.30
-33.0% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
CVX has more upside to fair value
(-23.1%).
XOM trades at a lower forward P/E
(17.5x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
XOM |
| Current Price |
$188.52 |
$152.30 |
| Fair Value Estimate |
$145.00 |
$102.00 |
| Upside to Fair Value |
-23.1%
|
-33.0%
|
| Market Cap |
$376.9B |
$634.6B |
| Forward P/E |
22.9x
|
17.5x
|
| EV / EBITDA |
7.8x
|
9.8x
|
| Price / Sales |
1.5x
|
2.0x
|
| Price / FCF |
17.0x
|
26.9x
|
| Revenue Growth YoY |
-4.6%
|
-4.5%
|
| Gross Margin |
30.4%
|
21.7%
|
| Operating Margin |
9.0%
|
10.5%
|
| Return on Equity |
6.6%
|
11.1%
|
| Dividend Yield |
4.52% |
2.65% |
| FCF Yield |
5.89%
|
3.72%
|
| 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…
Exxon Mobil is a world-class integrated energy supermajor with unmatched Permian Basin scale following the Pioneer Natural Resources acquisition, a high-margin Guyana growth engine, and disciplined capital allocation. However, the stock remains significantly overvalued relative to its own 5-year history on every key metric. At $152, XOM trades at roughly 22x trailing earnings, 1.96x sales, and 27…
Accumulation Zones
| Metric |
CVX |
XOM |
| Zone Low |
$108.75 |
$77.00 |
| Zone High |
$123.25 |
$92.00 |
| In Buy Zone? |
No
|
No
|