Chevron Corporation (CVX) vs ExxonMobil Holdings Corporation (XOM)

Chevron Corporation and ExxonMobil Holdings Corporation are both Oil & Gas Integrated companies. ExxonMobil Holdings Corporation is the larger, with a market value of $661.5B against $403.9B — 1.6× the size. Chevron Corporation trades at the lower P/E: 19.5× against 20.7×. Chevron Corporation grew revenue faster over the last twelve months: 10.2% against 9.07%. Chevron Corporation has the higher net margin (9.57% vs 8.88%) and the lower return on invested capital (8.55% vs 9.85%). Both pay a dividend; Chevron Corporation yields more (4.21% vs 3.67%). Across the 22 metrics below, Chevron Corporation leads on 14 and ExxonMobil Holdings Corporation on 8.

Valuation

Metric CVX XOM Oil & Gas Integrated median
P/E 19.53 20.67 11.88
P/S 1.87 1.82 1.20
P/B 2.06 2.52 1.56
Price to free cash flow 14.91 20.71 9.74
EV/EBITDA 7.75 9.13 4.94
EV/Sales 2.00 1.88 1.57
Earnings yield 5.12% 4.84% 7.58%
Free cash flow yield 6.71% 4.83% 6.71%

Profitability

Metric CVX XOM Oil & Gas Integrated median
Gross margin 42.94% 23.94% 39.18%
Operating margin 14.90% 12.51% 14.90%
Net margin 9.57% 8.88% 8.76%
Free cash flow margin 12.55% 8.78% 9.61%
Return on equity 12.01% 12.22% 12.22%
Return on assets 7.09% 7.18% 6.47%
Return on invested capital 8.55% 9.85% 10.61%

Growth

Metric CVX XOM Oil & Gas Integrated median
Revenue growth (TTM) 10.21% 9.07% 5.63%
EPS growth (last fiscal year) (31.79%) (14.54%) —
Revenue growth, 5-year CAGR 14.83% 12.85% 12.04%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVX XOM Oil & Gas Integrated median
Debt to equity 0.19 0.12 0.55
Current ratio 1.25 1.13 1.18
Net debt to EBITDA 0.84 0.35 0.80

Dividend

Metric CVX XOM Oil & Gas Integrated median
Dividend yield 4.21% 3.67% 5.01%
Payout ratio 0.37 0.29 0.29

Size

Metric CVX XOM Oil & Gas Integrated median
Market cap 403.85b 661.52b 51.12b

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