Sifting through countless of stocks in the Oil, Gas & Consumable Fuels industry can be tedious, and sometimes two stocks are just too similar to judge which is the better investment. If you’re on the fence about investing in Chevron Corporation or ConocoPhillips because you’re not sure how they measure up, it’s important to compare them on a few factors before making your decision.

Read on to learn how Chevron Corporation and ConocoPhillips compare based on key financial metrics to determine which better meets your investment needs.

About Chevron Corporation and ConocoPhillips

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities. It has operations in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company’s portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Latest Oil, Gas & Consumable Fuels and Chevron Corporation, ConocoPhillips Stock News

As of March 31, 2026, Chevron Corporation had a $412.8 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.7 million. Chevron Corporation’s stock is NA in 2026, NA in the previous five trading days and up 24.57% in the past year.

Currently, Chevron Corporation’s price-earnings ratio is 31.2. Chevron Corporation’s trailing 12-month revenue is $184.7 billion with a 6.7% net profit margin. Year-over-year quarterly sales growth most recently was -8.2%. Analysts expect adjusted earnings to reach $9.022 per share for the current fiscal year. Chevron Corporation currently has a 3.4% dividend yield.

Currently, ConocoPhillips’s price-earnings ratio is 20.8. ConocoPhillips’s trailing 12-month revenue is $60.3 billion with a 13.3% net profit margin. Year-over-year quarterly sales growth most recently was -6.8%. Analysts expect adjusted earnings to reach $6.412 per share for the current fiscal year. ConocoPhillips currently has a 2.5% dividend yield.

How We Compare Chevron Corporation and ConocoPhillips Stock Grades

Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movements. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors streamline and work through such data.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings estimate revisions and quality. Here, we’ll take a closer look at Chevron Corporation and ConocoPhillips’s stock grades to see how they measure up against one another.

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Chevron Corporation and ConocoPhillips Stock Value Grades

Company	Ticker	Value
Chevron Corporation	CVX	D
ConocoPhillips	COP	C

Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection.

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade derives from a stock’s value score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Chevron Corporation has a Value Score of 27, which is Expensive. ConocoPhillips has a Value Score of 41, which is Average.

The Value Stock Winner: No Clear Winner

Neither Chevron Corporation or ConocoPhillips has a high enough value grade to be considered a “winner.” Investors who are considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolio. It’s important to look at a wide range of financial metrics in order to determine if Chevron Corporation or ConocoPhillips is the better investment when it comes to value.

Chevron Corporation and ConocoPhillips Growth Grades

Company	Ticker	Growth
Chevron Corporation	CVX	B
ConocoPhillips	COP	C

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the growth score and assign it a letter grade, the percentile ranks for each of three components‐consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered to be very weak, while those in the top 20% receive A grades, which are considered very strong.

Chevron Corporation has a Growth Score of 64, which is Strong. ConocoPhillips has a Growth Score of 45, which is Average.

The Growth Grade Winner: Chevron Corporation

As you can clearly see from the Growth Grade breakdown above, Chevron Corporation has a more attractive growth grade than ConocoPhillips. For investors who focus solely on how a company is growing relative to other companies in the same industry, Chevron Corporation could be a good stock to add to their portfolio. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Chevron Corporation and ConocoPhillips’s Momentum Grades

Company	Ticker	Momentum
Chevron Corporation	CVX	B
ConocoPhillips	COP	A

Momentum grades help to uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Chevron Corporation has a Momentum Score of 79, which is Strong. ConocoPhillips has a Momentum Score of 81, which is Very Strong.

The Momentum Grade Winner: ConocoPhillips

As you can clearly see from the Momentum Grade breakdown above, ConocoPhillips is considered to have stronger momentum compared to Chevron Corporation. For those specifically looking for companies that have stronger momentum compared to other companies in the same industry, ConocoPhillips could be a good stock to invest in. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Other Chevron Corporation and ConocoPhillips Grades

In addition to Growth, Value and Momentum, A+ Investor also provides grades for Estimate Revisions and Quality.

Earnings estimate revisions scores take into account the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, surprises beget further surprises‐or at least continued sales growth (the exact opposite is generally true, too).

AAII’s A+ Investor Quality Grade comes from the ranking of key metrics. Specifically, the quality grade is the percentile rank of the composite of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

These 2 key factors, when combined with the above, provide a holistic view into a particular stock. Further, by joining A+ Investor you can see whether Chevron Corporation and ConocoPhillips pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Chevron Corporation or ConocoPhillips Stock?

Overall, Chevron Corporation stock has a Value Score of 27, Growth Score of 64 and Momentum Score of 79.

ConocoPhillips stock has a Value Score of 41, Growth Score of 45 and Momentum Score of 81.

Comparing Chevron Corporation and ConocoPhillips’s grades, scores and metrics can act as a solid basis to determine whether they may be a good investment or not. You’ll also want to look at your portfolio’s asset allocation as well as your risk tolerance and financial goals to see if either of these stocks would make a good fit for you. AAII can help you figure out which investments align with your individual needs and preferences.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets‐without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

A+ Investor adds to our qualitative teaching with a powerful data suite to help you whittle down investment choices to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith, and we accept no liability for any errors or omissions. The full disclaimer can be read here.