LIVE
OXY
Occidental Petroleum Corporation · Energy / Oil & Gas
$57.48
+8.39% this month
VERSUS
⟷
COMPARE
CVX
Chevron Corporation · Energy / Oil & Gas
$189.24
+4.20% this month
AI Score
28.4vs52.4
CVX ↑1Y Return
+35.12%vs+34.97%
OXY ↑Forward P/E
14.11xvs14.91x
OXY ↑Target Upside
+15.05%vs+15.34%
CVX ↑Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
OXY
3
CVX
2
Metrics last refreshed: 6/9/2026
Quick take
OXY vs CVX: Occidental vs Chevron Stock Comparison: AI Score, Valuation, Performance and Upside
Occidental and Chevron are both major Permian Basin oil producers, but at very different scales and risk profiles. Chevron is a large integrated major with one of the strongest balance sheets in energy and a 37-year dividend growth record; OXY is a more leveraged, higher-beta oil producer with Buffett's endorsement, carbon capture optionality, and higher upside (and downside) tied to oil prices.
Use this OXY vs CVX comparison to choose between a high-quality integrated oil major and a leveraged Permian pure-play with iconic investor backing. Chevron is the safer, lower-beta choice with reliable dividends; OXY offers more oil price leverage and a unique carbon capture technology angle that Chevron lacks.
Live analysis · updated 6/9/2026
OXY holds the edge across 3 of 5 key metrics in this comparison. OXY leads on both 1-year return (+35.12%) and forward P/E (14.11x vs 14.91x for CVX), a relatively favorable combination of momentum and valuation. On fundamentals, CVX is growing revenue faster (2.30%), while OXY maintains the higher operating margin (17.72%) — a classic growth-versus-profitability split. Analyst consensus implies similar upside for both: +15.05% for OXY and +15.34% for CVX.
Comparison scoreboard
OXY LEADS 3/5AI Score
OXY 28.4
CVX ✓52.4
1Y Return
OXY ✓+35.12%
CVX +34.97%
Fwd P/E
OXY ✓14.11
CVX 14.91
Target Up.
OXY +15.05%
CVX ✓+15.34%
Op. Margin
OXY ✓17.72%
CVX 7.31%
Normalized 1Y performance
OXY
CVX
Recent returns
OXY
CVX
Analyst price targets & sentiment
OXY · 26 analysts
STRONG BUYHOLDSTRONG SELL
Hold (2.7/5.0)
Price target range
analyst low$38.00
analyst high$66.00
analyst mean$65.50
current price$57.48
+15.1% upside to analyst mean
CVX · 23 analysts
STRONG BUYHOLDSTRONG SELL
Buy (2.1/5.0)
Price target range
analyst low$124.00
analyst mean$216.04
current price$189.24
+15.3% upside to analyst mean
Who should consider this stock?
OXY may suit investors who:
- →Want higher oil price leverage through a Permian-focused producer with quality Buffett validation
- →Value the carbon capture (DAC) optionality as a long-duration ESG and regulatory hedge
- →Are comfortable with higher leverage and oil price sensitivity in exchange for more upside in bull markets
- →Follow Berkshire Hathaway's conviction investments as a signal of long-term value
CVX may suit investors who:
- →Want a high-quality integrated oil major with one of the strongest balance sheets in energy
- →Value 37+ consecutive years of dividend growth and consistent capital return as a core holding requirement
- →Prefer lower oil price beta with global diversification across Permian, Tengiz, and Australia LNG
- →Are patient for Hess acquisition resolution as a path to world-class Guyana oil exposure
Performance & AI score
| Metric | OXY | CVX |
|---|---|---|
| AI score | 28.4 | 52.4 |
| AI rank | #2385 | #360 |
| Latest close | $57.48 | $189.24 |
| 1M return | +8.39% | +4.20% |
| 6M return | +35.47% | +26.16% |
| 1Y return | +35.12% | +34.97% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | OXY | CVX |
|---|---|---|
| 1Y ago | $13.29K (+32.9%) started 2025-06-09 | $13.44K (+34.4%) started 2025-06-09 |
| 5Y ago | $22.08K (+120.8%) started 2021-06-09 | $24.71K (+147.1%) started 2021-06-09 |
| 10Y ago | $13.46K (+34.6%) started 2016-06-09 | $42.87K (+328.7%) started 2016-06-09 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | OXY | CVX |
|---|---|---|
| Market cap | $56.62B | $373.05B |
| Trailing P/E | 76.93 | 32.69 |
| Forward P/E | 14.11 | 14.91 |
| Price/Sales | 1.52 | 1.24 |
| EV/Revenue | 3.71 | 2.24 |
| Analyst target | $65.50 | $216.04 |
| Target upside | +15.05% | +15.34% |
Growth, profitability & risk
| Metric | OXY | CVX |
|---|---|---|
| Revenue growth | -8.30% | 2.30% |
| Earnings growth | 315.60% | -44.50% |
| EPS growth | +315.60% | -44.50% |
| FCF margin | +14.36% | +6.34% |
| Operating margin | 17.72% | 7.31% |
| Profit margin | 22.42% | 5.93% |
| ROIC proxy | 4.05% | 6.64% |
| Return on equity | 4.05% | 6.64% |
| Dividend yield | 1.83% | 3.80% |
| Beta | 0.12 | 0.47 |
| Debt/equity | 41.99 | 23.99 |
| Current ratio | 1.21 | 1.09 |
| Quick ratio | 0.91 | 0.72 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
OXY max drawdown19.94%
CVX max drawdown13.99%
OXY max wkly drop12.01%
CVX max wkly drop7.53%
5Y risk snapshot
OXY max drawdown50.77%
CVX max drawdown24.95%
OXY max wkly drop26.59%
CVX max wkly drop18.74%
10Y risk snapshot
OXY max drawdown88.39%
CVX max drawdown55.77%
OXY max wkly drop63.08%
CVX max wkly drop33.70%
Performance metrics by period
| Period | Metric | OXY | CVX |
|---|---|---|---|
| 1Y | Growth | +32.93% | +34.44% |
| CAGR | +33.09% | +34.61% | |
| Sharpe ratio | 0.87 | 1.26 | |
| Max drawdown | 19.94% | 13.99% | |
| Max daily drop | 7.31% | 4.59% | |
| Max wkly drop | 12.01% | 7.53% | |
| 5Y | Growth | +111.46% | +106.90% |
| CAGR | +16.17% | +15.66% | |
| Sharpe ratio | 0.46 | 0.53 | |
| Max drawdown | 50.77% | 24.95% | |
| Max daily drop | 11.01% | 8.22% | |
| Max wkly drop | 26.59% | 18.74% | |
| 10Y | Growth | -2.21% | +169.84% |
| CAGR | -0.22% | +10.44% | |
| Sharpe ratio | 0.16 | 0.33 | |
| Max drawdown | 88.39% | 55.77% | |
| Max daily drop | 52.01% | 22.12% | |
| Max wkly drop | 63.08% | 33.70% |
Business comparison
| Category | OXY | CVX |
|---|---|---|
| Company | Occidental Petroleum Corporation | Chevron Corporation |
| Sector | Energy | Energy |
| Industry | Oil & Gas E&P | Oil & Gas Integrated |
| Core business | US-focused oil and gas producer with operations concentrated in the Permian Basin (US), Gulf of Mexico, and the Middle East (OxyChem). Acquired CrownRock in 2024 to deepen Permian scale. Developing Direct Air Capture (DAC) carbon removal technology through 1PointFive subsidiary. Warren Buffett's Berkshire Hathaway holds ~27% of shares. | Global integrated oil and gas company with Permian Basin, Gulf of Mexico, Kazakhstan (Tengiz), Australia LNG, and international upstream operations. Proposed acquisition of Hess Corporation (Guyana assets) has been subject to arbitration. Strong refining and chemicals downstream. |
| Investor focus | Permian Basin production growth, CrownRock acquisition debt reduction, OxyChem chemical business contribution, DAC carbon capture commercialisation, and Berkshire stake as a signal. | Permian Basin production growth, Hess acquisition (Guyana exposure), Tengiz expansion ramp, capital return program, and dividend reliability. |
OXY strengths
- →Warren Buffett's substantial ownership validates the OXY business model and management's capital allocation strategy
- →Permian Basin acreage is among the highest-quality and lowest-cost oil production in North America
- →DAC carbon capture via 1PointFive is a long-duration decarbonisation optionality play beyond oil and gas
CVX strengths
- →Among the strongest balance sheets in the energy sector — low debt-to-equity allows Chevron to sustain dividends and buybacks through oil price cycles
- →37+ consecutive years of dividend growth — a Dividend Aristocrat with a long track record of rewarding shareholders
- →Guyana exposure (if Hess is acquired) represents one of the world's most exciting low-cost oil development regions
Risks to watch — OXY
- →CrownRock acquisition significantly increased debt — oil price declines would pressure deleveraging timeline
- →Higher leverage than larger integrated oil majors means oil price downturns hit OXY harder
- →DAC is speculative and capital-intensive — returns on carbon capture investment are long-dated and uncertain
Risks to watch — CVX
- →Hess acquisition arbitration creates uncertainty around gaining the prized Guyana asset exposure
- →Tengiz oil field expansion in Kazakhstan has faced repeated delays and cost overruns
- →Lower leverage means less upside in oil bull markets relative to more indebted peers like OXY
Frequently asked questions
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