Chevron Corporation (CVX) vs Equinor ASA (EQNR)

Chevron Corporation and Equinor ASA are both Oil & Gas Integrated companies. Chevron Corporation is the larger, with a market value of $403.9B against $102.3B — 3.9× the size. Equinor ASA trades at the lower P/E: 11.5× against 19.5×. Chevron Corporation grew revenue faster over the last twelve months: 10.2% against 5.78%. Chevron Corporation has the higher net margin (9.57% vs 7.92%) and the lower return on invested capital (8.55% vs 46.6%). Both pay a dividend; Equinor ASA yields more (9.74% vs 4.21%). Across the 22 metrics below, Equinor ASA leads on 14 and Chevron Corporation on 8.

Valuation

Metric CVX EQNR Oil & Gas Integrated median
P/E 19.53 11.50 11.88
P/S 1.87 0.90 1.20
P/B 2.06 2.38 1.56
Price to free cash flow 14.91 8.37 9.74
EV/EBITDA 7.75 2.32 4.94
EV/Sales 2.00 0.90 1.57
Earnings yield 5.12% 8.70% 7.58%
Free cash flow yield 6.71% 11.95% 6.71%

Profitability

Metric CVX EQNR Oil & Gas Integrated median
Gross margin 42.94% 51.16% 39.18%
Operating margin 14.90% 28.44% 14.90%
Net margin 9.57% 7.92% 8.76%
Free cash flow margin 12.55% 10.72% 9.61%
Return on equity 12.01% 21.28% 12.22%
Return on assets 7.09% 6.47% 6.47%
Return on invested capital 8.55% 46.59% 10.61%

Growth

Metric CVX EQNR Oil & Gas Integrated median
Revenue growth (TTM) 10.21% 5.78% 5.63%
EPS growth (last fiscal year) (31.79%) (37.62%) —
Revenue growth, 5-year CAGR 14.83% 18.37% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVX EQNR Oil & Gas Integrated median
Debt to equity 0.19 0.56 0.55
Current ratio 1.25 1.18 1.18
Net debt to EBITDA 0.84 0.18 0.80

Dividend

Metric CVX EQNR Oil & Gas Integrated median
Dividend yield 4.21% 9.74% 5.01%
Payout ratio 0.37 0.12 0.29

Size

Metric CVX EQNR Oil & Gas Integrated median
Market cap 403.85b 102.28b 51.12b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack