Chevron (CVX) vs Marathon Petroleum (MPC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Marathon Petroleum (MPC) has outperformed Chevron (CVX) over the past year, gaining 130.9% versus a gain of 32.4%. Over five years, MPC leads with a +562.1% price change compared with +87.2% for CVX. Chevron is the larger company by market cap ($402.42 billion vs $124.20 billion), about 3.2 times the size, while Marathon Petroleum is growing revenue faster (-4.4% vs -6.8%).
On valuation, Marathon Petroleum trades at a lower forward P/E (8.7x vs 14.0x for Chevron). Chevron offers the higher dividend yield (3.40% vs 0.90%). Chevron converts more of its revenue into profit, with a net margin of 6.5% versus 3.0%.
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 | MPC |
|---|---|---|
| Share price | $205.15 | $442.26 |
| Market cap | $402.42B | $124.20B |
| 1-day change | -1.17% | +2.29% |
| YTD return | +34.60% | +171.94% |
| 1-year return | +32.43% | +130.90% |
| 5-year return | +87.16% | +562.07% |
| P/E ratio (TTM) | 19.74 | 15.31 |
| Forward P/E | 14.00 | 8.73 |
| EPS (TTM) | $10.39 | $28.88 |
| Dividend yield | 3.40% | 0.90% |
| Annual dividend | $6.98 | $4.00 |
| Revenue (latest FY) | $189.03B | $132.70B |
| Revenue growth (YoY) | -6.79% | -4.44% |
| Net income (latest FY) | $12.30B | $4.05B |
| Gross margin | 42.75% | 9.99% |
| Operating margin | — | 6.25% |
| Net margin | 6.51% | 3.05% |
| 52-week high | $217.78 | $444.99 |
| 52-week low | $146.49 | $161.93 |
| Distance from 52-week high | -5.80% | -0.61% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +9.50% | -12.82% |
| Average volume | 8.29M | 2.53M |
| Shares outstanding | 1.96B | 280.82M |
| Employees | 43,039 | 18,500 |
| Sector | Energy | Energy |
| Industry | Integrated oil Companies | Integrated oil Companies |
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 3.2 times larger than Marathon Petroleum by market value ($402.42B vs $124.20B).
- MPC has outperformed CVX by 98.5 percentage points over the past year.
- Chevron trades at a higher earnings multiple (19.7x vs 15.3x trailing P/E).
- Chevron offers a meaningfully higher dividend yield (3.40% vs 0.90%).
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 · Integrated oil Companies · 43,039 employees
About Marathon Petroleum
MPC stock →Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company in the United States. The company operates through three segments: Refining & Marketing; Midstream; and Renewable Diesel.
Energy · Integrated oil Companies · 18,500 employees
CVX vs MPC FAQ
Which is bigger, Chevron or Marathon Petroleum?
Chevron (CVX) is larger, with a market capitalization of $402.42B compared with $124.20B for Marathon Petroleum (MPC).
Which stock has performed better over the past year, CVX or MPC?
MPC returned +130.90% over the past 12 months, compared with +32.43% for CVX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVX or MPC?
MPC has the lower trailing P/E at 15.3, 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 Marathon Petroleum?
Chevron has the higher yield at 3.40%, compared with 0.90% for Marathon Petroleum.
Are Chevron and Marathon Petroleum in the same industry?
Yes. Both are classified in the Integrated oil Companies industry within the Energy sector.