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 Canadian Natural Resources Limited 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 Canadian Natural Resources Limited and Chevron Corporation compare based on key financial metrics to determine which better meets your investment needs.

About Canadian Natural Resources Limited and Chevron Corporation

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

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 Canadian Natural Resources Limited, Chevron Corporation Stock News

As of September 1, 2026, Canadian Natural Resources Limited had a $107.1 billion market capitalization, compared to the Oil, Gas & Consumable Fuels median of $2.8 million. Canadian Natural Resources Limited’s stock is up 53.1% in 2026, up 4.4% in the previous five trading days and up 63.7% in the past year.

Currently, Canadian Natural Resources Limited’s price-earnings ratio is 13.1. Canadian Natural Resources Limited’s trailing 12-month revenue is $31.5 billion with a 26.3% net profit margin. Year-over-year quarterly sales growth most recently was 62.8%. Analysts expect adjusted earnings to reach $4.283 per share for the current fiscal year. Canadian Natural Resources Limited currently has a 4.8% dividend yield.

As of September 1, 2026, Chevron Corporation had a $414.0 billion market cap, putting it in the 100th percentile of all stocks. Chevron Corporation’s stock is up 39% in 2026, up 5.8% in the previous five trading days and up 31.41% in the past year.

Currently, Chevron Corporation’s price-earnings ratio is 20.3. Chevron Corporation’s trailing 12-month revenue is $209.4 billion with a 9.8% net profit margin. Year-over-year quarterly sales growth most recently was 53.5%. Analysts expect adjusted earnings to reach $15.937 per share for the current fiscal year. Chevron Corporation currently has a 3.4% dividend yield.

How We Compare Canadian Natural Resources Limited 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 Canadian Natural Resources Limited and Chevron Corporation’s stock grades to see how they measure up against one another.

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Canadian Natural Resources Limited and Chevron Corporation Growth Grades

Company	Ticker	Growth
Canadian Natural Resources Limited	CNQ	B
Chevron Corporation	CVX	B

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.

Canadian Natural Resources Limited has a Growth Score of 64, which is Strong. Chevron Corporation has a Growth Score of 64, which is Strong.

The Growth Grade Winner: It’s a Tie!

Looking at the Growth Grade breakdown above, both Canadian Natural Resources Limited and Chevron Corporation have a grade of B. For investors who focus solely on a company’s upward growth, further research should be conducted into both companies’ other financial metrics before deciding whether to invest.

Canadian Natural Resources Limited and Chevron Corporation’s Momentum Grades

Company	Ticker	Momentum
Canadian Natural Resources Limited	CNQ	B
Chevron Corporation	CVX	B

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%.

Canadian Natural Resources Limited has a Momentum Score of 79, which is Strong. Chevron Corporation has a Momentum Score of 68, which is Strong.

The Momentum Grade Winner: It’s a Tie!

Looking at the Momentum Grade breakdown above, both Canadian Natural Resources Limited and Chevron Corporation have a grade of B. For those who focus solely on a company’s momentum, further research will need to be conducted into both companies to see if they fit your individual needs as an investor.

Canadian Natural Resources Limited and Chevron Corporation’s Estimate Revisions Grades

Company	Ticker	Earnings Estimate
Canadian Natural Resources Limited	CNQ	C
Chevron Corporation	CVX	C

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.

Canadian Natural Resources Limited has a Earnings Estimate Score of 47, which is Neutral. Chevron Corporation has a Earnings Estimate Score of 54, which is Neutral.

The Earnings Estimate Revisions Stock Winner: No Clear Winner

Neither Canadian Natural Resources Limited or Chevron Corporation has an Earnings Estimate Revisions Grade that could 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 Canadian Natural Resources Limited or Chevron Corporation is the better investment when it comes to estimate revisions.

Other Canadian Natural Resources Limited and Chevron Corporation Grades

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

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 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 Canadian Natural Resources Limited and Chevron Corporation pass any of our 60+ stock screens that have outperformed the market since their creation.

So, Which Is the Better Investment, Canadian Natural Resources Limited or Chevron Corporation Stock?

Overall, Canadian Natural Resources Limited stock has a Growth Score of 64, Momentum Score of 79 and Estimate Revisions Score of 47.

Chevron Corporation stock has a Growth Score of 64, Momentum Score of 68 and Estimate Revisions Score of 54.

Comparing Canadian Natural Resources Limited 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.