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 Diamondback Energy, Inc. or Chevron Corporation 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 Diamondback Energy, Inc. and Chevron Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Diamondback Energy, Inc. and Chevron Corporation

Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

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.

Latest Oil, Gas & Consumable Fuels and Diamondback Energy, Inc., Chevron Corporation Stock News

As of June 15, 2026, Diamondback Energy, Inc. had a $54.0 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.6 million. Diamondback Energy, Inc.’s stock is up 26.4% in 2026, down 4.2% in the previous five trading days and up 27.21% in the past year.

Currently, Diamondback Energy, Inc.’s price-earnings ratio is 195.6. Diamondback Energy, Inc.’s trailing 12-month revenue is $14.5 billion with a 2.0% net profit margin. Year-over-year quarterly sales growth most recently was 4.2%. Analysts expect adjusted earnings to reach $20.356 per share for the current fiscal year. Diamondback Energy, Inc. currently has a 2.3% dividend yield.

As of June 15, 2026, Chevron Corporation had a $370.2 billion market cap, putting it in the 99th percentile of all stocks. Chevron Corporation’s stock is up 18.4% in 2026, down 4.7% in the previous five trading days and up 24.44% in the past year.

Currently, Chevron Corporation’s price-earnings ratio is 31.4. Chevron Corporation’s trailing 12-month revenue is $185.7 billion with a 5.9% net profit margin. Year-over-year quarterly sales growth most recently was 2.3%. Analysts expect adjusted earnings to reach $14.544 per share for the current fiscal year. Chevron Corporation currently has a 3.9% dividend yield.

How We Compare Diamondback Energy, Inc. and Chevron Corporation 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 Diamondback Energy, Inc. and Chevron Corporation’s stock grades to see how they measure up against one another.

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Diamondback Energy, Inc. and Chevron Corporation’s Quality Grades

Company	Ticker	Quality
Diamondback Energy, Inc.	FANG	B
Chevron Corporation	CVX	C

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Score is the percentile rank of the average of the percentile ranks 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 the F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher-quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Diamondback Energy, Inc. has a Quality Score of 72, which is Strong. Chevron Corporation has a Quality Score of 50, which is Average.

The Quality Grade Winner: Diamondback Energy, Inc.

As you can clearly see from the Quality Grade breakdown above, Diamondback Energy, Inc. has a better overall quality grade than Chevron Corporation. For investors who are looking for companies with higher quality than others in the same industry, Diamondback Energy, Inc. could be a good stock to add to their portfolios. However, it’s important for investors to analyze multiple factors based on a wide range of metrics before deciding whether to buy.

Diamondback Energy, Inc. and Chevron Corporation’s Momentum Grades

Company	Ticker	Momentum
Diamondback Energy, Inc.	FANG	C
Chevron Corporation	CVX	C

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%.

Diamondback Energy, Inc. has a Momentum Score of 55, which is Average. Chevron Corporation has a Momentum Score of 50, which is Average.

The Momentum Stock Winner: No Clear Winner

Neither Diamondback Energy, Inc. or Chevron Corporation has a strong enough Momentum Grade to be considered a “winner.” Investors considering these companies should do additional due diligence and research to see if either could be a good addition to their portfolios. It’s important to look at a wide range of financial metrics in order to determine if Diamondback Energy, Inc. or Chevron Corporation is the better investment when it comes to momentum.

Diamondback Energy, Inc. and Chevron Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Diamondback Energy, Inc.	FANG	B
Chevron Corporation	CVX	B

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

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. Estimate revisions are based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Diamondback Energy, Inc. has a Earnings Estimate Score of 64, which is Positive. Chevron Corporation has a Earnings Estimate Score of 74, which is Positive.

The Earnings Estimate Revisions Grade Winner: It’s a Tie!

Looking at the Earnings Estimate Revisions Grade breakdown above, both Diamondback Energy, Inc. and Chevron Corporation have a grade of B. For those focusing solely on a company’s estimate revisions, other financial metrics will need to be evaluated to determine whether Diamondback Energy, Inc. or Chevron Corporation is a better fit.

Other Diamondback Energy, Inc. and Chevron Corporation Grades

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

Growth investing builds on the idea that stocks of companies exhibiting strong, consistent and prolonged growth outperform those of slower-growth companies. AAII measures growth through consistency of annual sales growth, five-year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations.

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.

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 Diamondback Energy, Inc. and Chevron Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Diamondback Energy, Inc. or Chevron Corporation Stock?

Overall, Diamondback Energy, Inc. stock has a Momentum Score of 55, Estimate Revisions Score of 64 and Quality Score of 72.

Chevron Corporation stock has a Momentum Score of 50, Estimate Revisions Score of 74 and Quality Score of 50.

Comparing Diamondback Energy, Inc. and Chevron Corporation’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.