Both stocks run through our valuation models. Here is how Chevron (CVX) and ConocoPhillips (COP) compare, as of Aug 16, 2026.
As of Aug 16, 2026, Fair Value Calculator sees ConocoPhillips as the less overvalued of the two: Chevron trades at $200 versus a fair value of $90.66 (-55%), while ConocoPhillips trades at $127 versus $90.15 (-29%).
Chevron
CVX · USD · Energy
-55%
upside to fair value
overvalued
Price$200
Fair Value$90.66
Quality54/100
ConocoPhillips
COP · USD · Energy
-29%
upside to fair value
overvalued
Price$127
Fair Value$90.15
Quality58/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
ChevronConocoPhillips
Valuation
30.3×P/E (TTM)18.2×
1.89×P/S (TTM)2.22×
1.88×P/B2.04×
10.1×EV/EBITDA6.3×
0.74×PEG0.94×
4.0%Dividend yield2.9%
$6.91Dividend per share$3.24
Profitability
6%Net margin12%
7%Operating margin22%
7%Return on equity11%
3%Return on assets6%
Growth
2%Revenue growth (YoY)-5%
-9.2%Avg. growth/yr (3Y)-9.3%
14.3%Avg. growth/yr (5Y)25.6%
Balance & size
0.21×Debt / equity0.34×
$351BMarket cap$132B
mixedGrowth qualityhealthy
Even match: 7 to 7 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Chevronof which business quality 56 · market factors 72ConocoPhillipsof which business quality 61 · market factors 71
ProfitabilityMargins and returns on capital today
35
42
Quality GrowthAre margins and returns improving?
24
31
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
64
62
Low VolatilityCalm price path (market factor)
91
83
MomentumPrice trend over the last 3–12 months (market factor)
58
59
52W MomentumDistance to the 52-week high (market factor)
77
79
Net IssuanceBuybacks instead of dilution
78
54
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Chevron
DCF Models$97.22
Earnings-Based$60.92
Dividend Discount$88.24
Multiples$93.47
Asset-Based$62.72
Growth DCF$107
Economic Profit$60.31
Growth Earnings$68.45
24 of 24 models see the stock below the current price.
ConocoPhillips
DCF Models$137
Earnings-Based$42.34
Dividend Discount$54.97
Multiples$86.74
Asset-Based$35.46
Growth DCF$153
Economic Profit$54.19
Growth Earnings$81.65
20 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Chevron
Bear $64.84Fair Value $90.66Bull $118
$200 = current price (white tick)
ConocoPhillips
Bear $67.61Fair Value $90.15Bull $113
$127 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Chevron · Energy
Quality score54 · above median
Fair value upside-55% · below median
ConocoPhillips · Energy
Quality score58 · above median
Fair value upside-29% · below median
Bottom line
As of Aug 16, 2026, Fair Value Calculator sees ConocoPhillips as the less overvalued of the two: Chevron trades at $200 versus a fair value of $90.66 (-55%), while ConocoPhillips trades at $127 versus $90.15 (-29%).
ConocoPhillips has the higher quality score (58/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
