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 $433.3B against $94.1B — 4.6× the size. Petroleo Brasileiro S.A.- Petrobras trades at the lower P/E: 6.6× against 21.5×. 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; Chevron Corporation yields more (3.13% vs 2.78%). Across the 23 metrics below, Petroleo Brasileiro S.A.- Petrobras leads on 18 and Chevron Corporation on 5.

Valuation

Metric CVX PBR Oil & Gas Integrated median
P/E 21.49 6.57 12.62
P/S 2.06 1.61 1.29
P/B 2.27 1.80 1.62
Price to free cash flow 16.41 8.08 10.23
EV/EBITDA 8.48 4.17 4.86
EV/Sales 2.19 2.09 1.52
Earnings yield 4.65% 15.23% 7.04%
Free cash flow yield 6.09% 12.37% 6.09%

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% 8.88%
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% (14.54%)
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 3.13% 2.78% 3.24%
Payout ratio 0.68 0.18 0.52

Size

Metric CVX PBR Oil & Gas Integrated median
Market cap 433.33b 94.14b 58.96b

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