Chevron vs Phillips 66
CVX and PSX side by side, both in petroleum refining. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CVX and PSX compare
Chevron is the larger company, worth 4.1 times as much as Phillips 66 ($465B against $113B).
On earnings, Phillips 66 is cheaper: it trades at 16.2× trailing earnings, against 22.6× for Chevron.
Phillips 66 grew revenue faster over the last twelve months (14.4% versus 10.2% for Chevron).
Chevron keeps more of each dollar of sales as profit, with a net margin of 9.6% compared with 4.7% at Phillips 66.
Both pay dividends: Chevron yields 3.0% and Phillips 66 1.8%.
Phillips 66 scores higher on the StockData Score (13 against 12 for Chevron), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CVX | PSX |
|---|---|---|
| Size and price | ||
| Market cap | $465B | $113B |
| Share price | $235.52 | $282.83 |
| Change, 1 year | 51.9% | 105% |
| Change, 5 years | 105% | 264% |
| Beta (5Y) | 0.38 | 0.58 |
| Employees | 4,645 | 13K |
| StockData Score | ||
| Total score | 12 | 13 (better) |
| Valuation score | 1 | 1 |
| Growth score | 1 | 2 (better) |
| Performance score | 1 | 3 (better) |
| Health score | 5 (better) | 4 |
| Dividend score | 4 (better) | 3 |
| Valuation | ||
| P/E | 22.6× | 16.2× (better) |
| P/S | 2.2× | 0.7× (better) |
| P/B | 2.5× (better) | 3.6× |
| EV/EBITDA | 8.3× | – |
| P/FCF | 17.2× | – |
| FCF yield | 5.8% | – |
| Fair value | $195.40 | $257.88 |
| Margin of safety | −20.5% | −9.7% (better) |
| Growth | ||
| Revenue growth (TTM) | 10.2% | 14.4% (better) |
| Revenue growth, 5Y average | 14.8% | 15.6% (better) |
| Net income growth (TTM) | 50.1% | 313% (better) |
| EPS growth (TTM) | 34.6% | 320% (better) |
| Profitability | ||
| Gross margin | 45.4% (better) | 13.1% |
| Net margin | 9.6% (better) | 4.7% |
| FCF margin | 12.5% | – |
| Return on equity | 12.2% | 24.0% (better) |
| Financial health | ||
| Debt / equity | 0.00 (better) | 0.65 |
| Net debt / EBITDA | −0.17 | – |
| Current ratio | 1.25 | 1.32 (better) |
| Altman Z-score | 3.66 | 3.95 (better) |
| Piotroski F-score | 5 | 7 (better) |
| Dividends and buybacks | ||
| Dividend yield | 3.0% (better) | 1.8% |
| Payout ratio | 67.3% | 28.0% |
| Years of dividend growth | 6 | 14 (better) |
| Dividend growth, 5Y average | 5.8% (better) | 5.7% |
| Buyback yield | 2.4% (better) | 0.89% |
| Shareholder yield | 5.4% (better) | 2.7% |
| Ownership | ||
| Held by institutions | 74.3% | 79.7% |
| Held by insiders | 0.34% | 0.23% |
| Insider net buying, 12 months | −$637M | −$63.3M (better) |
| Superinvestors holding | 4 | 4 |
| Short interest, % of float | 1.2% | 1.4% |
Go deeper
- CVX stock overview
- CVX income statement
- CVX valuation and score
- PSX stock overview
- PSX income statement
- PSX valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.