Chevron (CVX) vs Shell (SHEL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Chevron (CVX) has outperformed Shell (SHEL) over the past year, gaining 37.6% versus a gain of 35.2%. Over five years, SHEL leads with a +105.7% price change compared with +93.0% for CVX. Chevron is the larger company by market cap ($414.98 billion vs $285.26 billion), about 1.5 times the size, while Shell is growing revenue faster (-6.1% vs -6.8%).
On valuation, Shell trades at a lower forward P/E (9.6x vs 14.4x for Chevron). Chevron offers the higher dividend yield (3.30% vs 1.51%). Shell converts more of its revenue into profit, with a net margin of 6.7% versus 6.5%.
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 | SHEL |
|---|---|---|
| Share price | $211.55 | $100.20 |
| Market cap | $414.98B | $285.26B |
| 1-day change | +3.12% | +3.46% |
| YTD return | +38.80% | +36.36% |
| 1-year return | +37.60% | +35.19% |
| 5-year return | +93.00% | +105.71% |
| P/E ratio (TTM) | 20.36 | 11.06 |
| Forward P/E | 14.45 | 9.56 |
| EPS (TTM) | $10.39 | $9.06 |
| Dividend yield | 3.30% | 1.51% |
| Annual dividend | $6.98 | $1.51 |
| Revenue (latest FY) | $189.03B | $266.89B |
| Revenue growth (YoY) | -6.79% | -6.13% |
| Net income (latest FY) | $12.30B | $17.84B |
| Gross margin | 42.75% | — |
| Net margin | 6.51% | 6.68% |
| 52-week high | $217.78 | $100.60 |
| 52-week low | $146.49 | $68.63 |
| Distance from 52-week high | -2.86% | -0.40% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +6.48% | +3.87% |
| Average volume | 8.27M | 6.41M |
| Shares outstanding | 1.96B | 2.85B |
| Employees | 43,039 | 84,000 |
| Sector | Energy | Energy |
| Industry | Integrated oil Companies | Oil & Gas Production |
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 trades at a higher earnings multiple (20.4x vs 11.1x trailing P/E).
- Chevron offers a meaningfully higher dividend yield (3.30% vs 1.51%).
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 Shell
SHEL stock →Shell plc operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas. It operates through the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions.
Energy · Oil & Gas Production · 84,000 employees
CVX vs SHEL FAQ
Which is bigger, Chevron or Shell?
Chevron (CVX) is larger, with a market capitalization of $414.98B compared with $285.26B for Shell (SHEL).
Which stock has performed better over the past year, CVX or SHEL?
CVX returned +37.60% over the past 12 months, compared with +35.19% for SHEL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVX or SHEL?
SHEL has the lower trailing P/E at 11.1, versus 20.4 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 Shell?
Chevron has the higher yield at 3.30%, compared with 1.51% for Shell.
Are Chevron and Shell in the same industry?
Both are in the Energy sector, but in different industries: Integrated oil Companies for Chevron and Oil & Gas Production for Shell.