Chevron (CVX) vs Phillips 66 (PSX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Phillips 66 (PSX) has outperformed Chevron (CVX) over the past year, gaining 105.2% versus a gain of 32.4%. Over five years, PSX leads with a +234.4% price change compared with +87.2% for CVX. Chevron is the larger company by market cap ($402.42 billion vs $108.90 billion), about 3.7 times the size.
On valuation, Phillips 66 trades at a lower forward P/E (10.2x vs 14.0x for Chevron). Chevron offers the higher dividend yield (3.40% vs 1.82%). Chevron converts more of its revenue into profit, with a net margin of 6.5% versus 3.3%.
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 | PSX |
|---|---|---|
| Share price | $205.15 | $271.62 |
| Market cap | $402.42B | $108.90B |
| 1-day change | -1.17% | +0.68% |
| YTD return | +34.60% | +110.49% |
| 1-year return | +32.43% | +105.20% |
| 5-year return | +87.16% | +234.43% |
| P/E ratio (TTM) | 19.74 | 15.42 |
| Forward P/E | 14.00 | 10.18 |
| EPS (TTM) | $10.39 | $17.62 |
| Dividend yield | 3.40% | 1.82% |
| Annual dividend | $6.98 | $4.94 |
| Revenue (latest FY) | $189.03B | $132.38B |
| Revenue growth (YoY) | -6.79% | -7.53% |
| Net income (latest FY) | $12.30B | $4.40B |
| Gross margin | 42.75% | 12.30% |
| Net margin | 6.51% | 3.33% |
| 52-week high | $217.78 | $277.12 |
| 52-week low | $146.49 | $126.74 |
| Distance from 52-week high | -5.80% | -1.98% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +9.50% | -5.32% |
| Average volume | 8.29M | 2.87M |
| Shares outstanding | 1.96B | 400.94M |
| Employees | 43,039 | 12,600 |
| Sector | Energy | Energy |
| Industry | Integrated oil Companies | Oil & Gas Refining & Marketing |
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 3.7 times larger than Phillips 66 by market value ($402.42B vs $108.90B).
- PSX has outperformed CVX by 72.8 percentage points over the past year.
- Chevron trades at a higher earnings multiple (19.7x vs 15.4x trailing P/E).
- Chevron offers a meaningfully higher dividend yield (3.40% vs 1.82%).
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 Phillips 66
PSX stock →Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels.
Energy · Oil & Gas Refining & Marketing · 12,600 employees
CVX vs PSX FAQ
Which is bigger, Chevron or Phillips 66?
Chevron (CVX) is larger, with a market capitalization of $402.42B compared with $108.90B for Phillips 66 (PSX).
Which stock has performed better over the past year, CVX or PSX?
PSX returned +105.20% 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 PSX?
PSX has the lower trailing P/E at 15.4, 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 Phillips 66?
Chevron has the higher yield at 3.40%, compared with 1.82% for Phillips 66.
Are Chevron and Phillips 66 in the same industry?
Both are in the Energy sector, but in different industries: Integrated oil Companies for Chevron and Oil & Gas Refining & Marketing for Phillips 66.