Chevron Corporation (CVX) vs Petroleo Brasileiro S.A.- Petrobras (PBR)

Chevron Corporation and Petroleo Brasileiro S.A.- Petrobras are both Oil & Gas Integrated companies. Chevron Corporation is the larger, with a market value of $403.9B against $76.9B — 5.3× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 5.2× against 19.5×. Petroleo Brasileiro S.A.- Petrobras grew revenue faster over the last twelve months: 20.8% against 10.2%. Petroleo Brasileiro S.A.- Petrobras has the higher net margin (24.5% vs 9.57%) and the higher return on invested capital (15.5% vs 8.55%). Both pay a dividend; Petroleo Brasileiro S.A.- Petrobras yields more (14.7% vs 4.21%). Across the 23 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 19 and Chevron Corporation on 4.

Valuation

Metric CVX PBR Oil & Gas Integrated median
P/E 19.53 5.16 11.88
P/S 1.87 1.26 1.20
P/B 2.06 1.41 1.56
Price to free cash flow 14.91 6.35 9.74
EV/EBITDA 7.75 3.48 4.94
EV/Sales 2.00 1.74 1.57
Earnings yield 5.12% 19.39% 7.58%
Free cash flow yield 6.71% 15.76% 6.71%

Profitability

Metric CVX PBR Oil & Gas Integrated median
Gross margin 42.94% 50.75% 39.18%
Operating margin 14.90% 34.15% 14.90%
Net margin 9.57% 24.52% 8.76%
Free cash flow margin 12.55% 19.89% 9.61%
Return on equity 12.01% 30.66% 12.22%
Return on assets 7.09% 11.05% 6.47%
Return on invested capital 8.55% 15.53% 10.61%

Growth

Metric CVX PBR Oil & Gas Integrated median
Revenue growth (TTM) 10.21% 20.79% 5.63%
EPS growth (last fiscal year) (31.79%) 162.07% —
Revenue growth, 5-year CAGR 14.83% 10.69% 12.04%
Net income growth, 5-year CAGR 0.00% 76.66% 0.00%

Health

Metric CVX PBR Oil & Gas Integrated median
Debt to equity 0.19 0.65 0.55
Current ratio 1.25 0.85 1.18
Net debt to EBITDA 0.84 1.23 0.80

Dividend

Metric CVX PBR Oil & Gas Integrated median
Dividend yield 4.21% 14.73% 5.01%
Payout ratio 0.37 1.25 0.29

Size

Metric CVX PBR Oil & Gas Integrated median
Market cap 403.85b 76.88b 51.12b

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