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 2026-07-09.

CVX

Chevron Corporation · Energy

$175.91

-3.4% upside to fair value

Grade D

XOM

Exxon Mobil Corporation · Energy

$137.81

-45.0% upside to fair value

Grade C

QuantHub Verdict

CVX has more upside to fair value (-3.4%). XOM trades at a lower forward P/E (22.8x). These are model outputs — not personalized investment advice. See all research →

Valuation & Fundamentals

Metric	CVX	XOM
Current Price	$175.91	$137.81
Fair Value Estimate	$169.96	$75.80
Upside to Fair Value	-3.4%	-45.0%
Market Cap	$350.3B	$571.2B
Forward P/E	30.4x	22.8x
EV / EBITDA	9.4x	10.1x
Price / Sales	1.9x	1.8x
Price / FCF	26.2x	30.4x
Revenue Growth YoY	+3.2%	+2.6%
Gross Margin	25.4%	25.5%
Operating Margin	8.4%	9.0%
Return on Equity	6.2%	9.8%
Dividend Yield	0%	0%
FCF Yield	3.82%	3.29%
Analyst Consensus	Buy	Buy

Investment Thesis

CVX — Chevron Corporation

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…

XOM — Exxon Mobil Corporation

Exxon Mobil Corporation is a leading integrated oil and gas company with a durable competitive moat based on its scale, integration, advantaged long-life resources, proprietary technology, and irreplaceable infrastructure. The company is led by a long-tenured management team with a strong capital allocation track record focused on dividends and buybacks. Despite these strengths, Exxon is currentl…

Accumulation Zones

Metric	CVX	XOM
Zone Low	$127.47	$56.85
Zone High	$144.47	$64.43
In Buy Zone?	No	No

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