Chevron Corporation (CVX) vs Shell PLC Unsponsored ADR (SHEL)

Chevron Corporation and Shell PLC Unsponsored ADR are both Oil & Gas Integrated companies. Chevron Corporation is the larger, with a market value of $403.9B against $274.6B — 1.5× the size. Shell PLC Unsponsored ADR trades at the lower P/E: 10.5× against 19.5×. Chevron Corporation grew revenue faster over the last twelve months: 10.2% against 10.1%. Chevron Corporation has the higher net margin (9.57% vs 8.55%) and the lower return on invested capital (8.55% vs 13.1%). Both pay a dividend; Shell PLC Unsponsored ADR yields more (4.38% vs 4.21%). Across the 22 metrics below, Shell PLC Unsponsored ADR leads on 14 and Chevron Corporation on 8.

Valuation

Metric CVX SHEL Oil & Gas Integrated median
P/E 19.53 10.46 11.88
P/S 1.87 0.88 1.20
P/B 2.06 1.47 1.56
Price to free cash flow 14.91 8.14 9.74
EV/EBITDA 7.75 4.27 4.94
EV/Sales 2.00 0.99 1.57
Earnings yield 5.12% 9.56% 7.58%
Free cash flow yield 6.71% 12.29% 6.71%

Profitability

Metric CVX SHEL Oil & Gas Integrated median
Gross margin 42.94% 27.55% 39.18%
Operating margin 14.90% 14.81% 14.90%
Net margin 9.57% 8.55% 8.76%
Free cash flow margin 12.55% 10.81% 9.61%
Return on equity 12.01% 14.24% 12.22%
Return on assets 7.09% 6.76% 6.47%
Return on invested capital 8.55% 13.13% 10.61%

Growth

Metric CVX SHEL Oil & Gas Integrated median
Revenue growth (TTM) 10.21% 10.06% 5.63%
EPS growth (last fiscal year) (31.79%) 18.58% —
Revenue growth, 5-year CAGR 14.83% 8.36% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVX SHEL Oil & Gas Integrated median
Debt to equity 0.19 0.40 0.55
Current ratio 1.25 1.43 1.18
Net debt to EBITDA 0.84 0.61 0.80

Dividend

Metric CVX SHEL Oil & Gas Integrated median
Dividend yield 4.21% 4.38% 5.01%
Payout ratio 0.37 0.26 0.29

Size

Metric CVX SHEL Oil & Gas Integrated median
Market cap 403.85b 274.55b 51.12b

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