ConocoPhillips vs Chevron (COP vs CVX)
ConocoPhillips (COP) vs Chevron (CVX) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
ConocoPhillips (COP) and Chevron (CVX) compete in oil and gas. Here are ConocoPhillips and Chevron side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy ConocoPhillips or Chevron.
ConocoPhillips vs Chevron: the figures
| Figure | ConocoPhillips | Chevron |
|---|---|---|
| Share price | $136.94 (November 4, 2026) | $216.96 (November 4, 2026) |
| Market cap | $164.5 billion | $423.3 billion |
| P/E (TTM) | 18.1x | 15.9x |
| Forward P/E | 12.5x | 13.3x |
| Revenue growth (quarter) | +35.5% | +34.8% |
| Net margin (TTM) | 14.4% | 11.9% |
| Net debt / EBITDA | 0.6x | 0.5x |
| Dividend yield | 2.33% | 3.16% |
| Beta | 0.16 | 0.45 |
ConocoPhillips and Chevron figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that ConocoPhillips or Chevron figure is not available, and we never estimate it.
3 key differences between ConocoPhillips and Chevron
- Dividend: Chevron yields 3.16% at today's price and ConocoPhillips yields 2.33%.
- Volatility: Chevron stock moves more (beta 0.45) than ConocoPhillips (beta 0.16); the higher the beta, the more it amplifies market swings.
- Valuation: ConocoPhillips trades at 18.1x its annual earnings and Chevron at 15.9x; the market pays more for each dollar of ConocoPhillips profit, usually because it expects more growth.
ConocoPhillips or Chevron: which fits your profile
- If you want growth: ConocoPhillips is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Chevron pays the higher dividend relative to its price.
- If you prefer caution: Chevron has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Chevron trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither ConocoPhillips nor Chevron wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How ConocoPhillips and Chevron make money
ConocoPhillips (COP)
ConocoPhillips is a pure exploration and production company that sells crude oil, natural gas and natural gas liquids at market prices. It reports by geography: the contiguous U.S., its largest segment, including the Permian, Eagle Ford and Bakken; Alaska; Canada; Europe, Middle East and North Africa; and Asia Pacific, including LNG projects. Full ConocoPhillips analysis.
Chevron (CVX)
Chevron reports two segments. Upstream, its main profit engine, produces oil and gas in the U.S., where the Permian Basin is central, as well as Australia, Kazakhstan and Guyana, the latter added through the Hess deal. Downstream refines crude and sells fuel at Chevron and Texaco stations, plus lubricants and chemicals. Full Chevron analysis.
Frequently asked questions: ConocoPhillips vs Chevron
Is ConocoPhillips or Chevron the better stock?
Choosing between ConocoPhillips and Chevron depends on what you are looking for. ConocoPhillips is growing faster right now, and Chevron trades on the lower P/E. Fintols does not tell you whether to buy ConocoPhillips or Chevron: it shows you the differences so you can decide.
Which pays a higher dividend, ConocoPhillips or Chevron?
As of November 4, 2026, Chevron yields 3.16% and ConocoPhillips yields 2.33%. Also check how much of their profit ConocoPhillips and Chevron pay out: if it is more than they earn, it cannot last.
Which is more expensive, ConocoPhillips or Chevron?
On P/E, ConocoPhillips (18.1x) is more expensive than Chevron (15.9x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both ConocoPhillips and Chevron?
Yes. Many people spread their money across several companies, such as ConocoPhillips and Chevron, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying ConocoPhillips or Chevron.
More comparisons with ConocoPhillips or Chevron
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- ConocoPhillips vs Occidental
- Chevron vs ExxonMobil
- Chevron vs Occidental
More companies like ConocoPhillips and Chevron: oil and gas stocks. Educational content about ConocoPhillips and Chevron, not investment advice.