Chevron (CVX) vs Equinor ASA (EQNR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Equinor ASA (EQNR) has outperformed Chevron (CVX) over the past year, gaining 63.5% versus a gain of 32.6%. Over five years, CVX leads with a +87.4% price change compared with +52.3% for EQNR. Chevron is the larger company by market cap ($402.46 billion vs $98.56 billion), about 4.1 times the size, while Equinor ASA is growing revenue faster (+2.6% vs -6.8%).
On valuation, Equinor ASA trades at a lower forward P/E (8.8x vs 14.0x for Chevron). Equinor ASA offers the higher dividend yield (3.70% vs 3.40%). Chevron converts more of its revenue into profit, with a net margin of 6.5% versus 4.7%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVX | EQNR |
|---|---|---|
| Share price | $205.17 | $41.60 |
| Market cap | $402.46B | $98.56B |
| 1-day change | -1.16% | -3.28% |
| YTD return | +34.77% | +75.69% |
| 1-year return | +32.59% | +63.51% |
| 5-year return | +87.39% | +52.35% |
| P/E ratio (TTM) | 19.75 | 11.37 |
| Forward P/E | 14.00 | 8.78 |
| EPS (TTM) | $10.39 | $3.66 |
| Dividend yield | 3.40% | 3.70% |
| Annual dividend | $6.98 | $1.54 |
| Revenue (latest FY) | $189.03B | $106.46B |
| Revenue growth (YoY) | -6.79% | +2.59% |
| Net income (latest FY) | $12.30B | $5.04B |
| Gross margin | 42.75% | 48.18% |
| Operating margin | — | 23.81% |
| Net margin | 6.51% | 4.74% |
| 52-week high | $217.78 | $45.84 |
| 52-week low | $146.49 | $22.26 |
| Distance from 52-week high | -5.79% | -9.25% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +9.48% | -6.66% |
| Average volume | 8.32M | 3.49M |
| Shares outstanding | 1.96B | 2.37B |
| Employees | 43,039 | 23,545 |
| Sector | Energy | Energy |
| Industry | Oil & Gas Integrated | Oil & Gas Integrated |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Chevron is about 4.1 times larger than Equinor ASA by market value ($402.46B vs $98.56B).
- EQNR has outperformed CVX by 30.9 percentage points over the past year.
- Chevron trades at a higher earnings multiple (19.7x vs 11.4x trailing P/E).
- Equinor ASA grew revenue faster in its latest fiscal year (+2.59% vs -6.79%).
About Chevron
CVX stock →Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments.
Energy · Oil & Gas Integrated · 43,039 employees
About Equinor ASA
EQNR stock →Equinor ASA operates as an energy company in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments.
Energy · Oil & Gas Integrated · 23,545 employees
CVX vs EQNR FAQ
Which is bigger, Chevron or Equinor ASA?
Chevron (CVX) is larger, with a market capitalization of $402.46B compared with $98.56B for Equinor ASA (EQNR).
Which stock has performed better over the past year, CVX or EQNR?
EQNR returned +63.51% over the past 12 months, compared with +32.59% for CVX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVX or EQNR?
EQNR has the lower trailing P/E at 11.4, versus 19.7 for CVX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Chevron or Equinor ASA?
Equinor ASA has the higher yield at 3.70%, compared with 3.40% for Chevron.
Are Chevron and Equinor ASA in the same industry?
Yes. Both are classified in the Oil & Gas Integrated industry within the Energy sector.