Chevron (CVX) vs Valero Energy (VLO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Valero Energy (VLO) has outperformed Chevron (CVX) over the past year, gaining 173.2% versus a gain of 37.6%. Over five years, VLO leads with a +464.2% price change compared with +93.0% for CVX. Chevron is the larger company by market cap ($418.61 billion vs $128.86 billion), about 3.2 times the size, while Valero Energy is growing revenue faster (-5.5% vs -6.8%).
On valuation, Valero Energy trades at a lower forward P/E (10.4x vs 14.6x for Chevron). Chevron offers the higher dividend yield (3.27% vs 1.04%). Chevron converts more of its revenue into profit, with a net margin of 6.5% versus 1.9%.
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 | VLO |
|---|---|---|
| Share price | $213.40 | $447.56 |
| Market cap | $418.61B | $128.86B |
| 1-day change | +0.87% | +0.85% |
| YTD return | +38.80% | +172.62% |
| 1-year return | +37.60% | +173.21% |
| 5-year return | +93.00% | +464.20% |
| P/E ratio (TTM) | 20.54 | 18.66 |
| Forward P/E | 14.57 | 10.37 |
| EPS (TTM) | $10.39 | $23.99 |
| Dividend yield | 3.27% | 1.04% |
| Annual dividend | $6.98 | $4.66 |
| Revenue (latest FY) | $189.03B | $122.69B |
| Revenue growth (YoY) | -6.79% | -5.54% |
| Net income (latest FY) | $12.30B | $2.35B |
| Gross margin | 42.75% | 4.43% |
| Operating margin | — | 2.59% |
| Net margin | 6.51% | 1.91% |
| 52-week high | $217.78 | $449.77 |
| 52-week low | $146.49 | $155.29 |
| Distance from 52-week high | -2.01% | -0.49% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +5.55% | -16.27% |
| Average volume | 8.27M | 3.01M |
| Shares outstanding | 1.96B | 287.93M |
| Employees | 43,039 | 9,785 |
| 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 Valero Energy by market value ($418.61B vs $128.86B).
- VLO has outperformed CVX by 135.6 percentage points over the past year.
- Chevron offers a meaningfully higher dividend yield (3.27% vs 1.04%).
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 Valero Energy
VLO stock →Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
Energy · Integrated oil Companies · 9,785 employees
CVX vs VLO FAQ
Which is bigger, Chevron or Valero Energy?
Chevron (CVX) is larger, with a market capitalization of $418.61B compared with $128.86B for Valero Energy (VLO).
Which stock has performed better over the past year, CVX or VLO?
VLO returned +173.21% over the past 12 months, compared with +37.60% for CVX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVX or VLO?
VLO has the lower trailing P/E at 18.7, versus 20.5 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 Valero Energy?
Chevron has the higher yield at 3.27%, compared with 1.04% for Valero Energy.
Are Chevron and Valero Energy in the same industry?
Yes. Both are classified in the Integrated oil Companies industry within the Energy sector.