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 2026-05-01.
Chevron Corporation · Energy
$193.33
-18.2% upside to fair value
Grade D
VS
Exxon Mobil Corporation · Energy
$154.46
-40.5% upside to fair value
Grade C
QuantHub Verdict
CVX has more upside to fair value
(-18.2%).
XOM trades at a lower forward P/E
(23.2x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
XOM |
| Current Price |
$193.33 |
$154.46 |
| Fair Value Estimate |
$158.09 |
$91.87 |
| Upside to Fair Value |
-18.2%
|
-40.5%
|
| Market Cap |
$385.8B |
$642.0B |
| Forward P/E |
31.3x
|
23.2x
|
| EV / EBITDA |
10.3x
|
10.3x
|
| Price / Sales |
2.1x
|
2.0x
|
| Price / FCF |
23.8x
|
27.2x
|
| Revenue Growth YoY |
-5.3%
|
-1.3%
|
| Gross Margin |
30.4%
|
21.7%
|
| Operating Margin |
9.0%
|
10.5%
|
| Return on Equity |
7.3%
|
11.0%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
4.19%
|
3.68%
|
| Analyst Consensus |
Strong Buy
|
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…
Exxon Mobil Corporation operates as a global integrated oil and gas company with significant operations in upstream, energy products, chemical products, and specialty products segments. The company benefits from a highly experienced management team with decades of internal tenure, led by CEO Darren Woods. Despite strong cash flow generation and operational scale, Exxon is currently overvalued, tr…
Accumulation Zones
| Metric |
CVX |
XOM |
| Zone Low |
$118.57 |
$68.90 |
| Zone High |
$134.38 |
$78.09 |
| In Buy Zone? |
No
|
No
|