EN DE
STOCK COMPARISON

Chevron vs Exxon Mobil: Fair Value & Quality

Both stocks run through our valuation models. Here is how Chevron (CVX) and Exxon Mobil (XOM) compare, as of Nov 11, 2026.

As of Nov 11, 2026, Fair Value Calculator sees Exxon Mobil as the less overvalued of the two: Chevron trades at $213 versus a fair value of $92.05 (−56.8%), while Exxon Mobil trades at $167 versus $90.40 (−45.8%).
Chevron
CVX · USD · Energy
−56.8%
upside to fair value
overvalued
Price$213
Fair Value$92.05
Quality51/100
Fair ValueQualityUptrend
Exxon Mobil
XOM · USD · Energy
−45.8%
upside to fair value
overvalued
Price$167
Fair Value$90.40
Quality59/100
Fair ValueQualityUptrend
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ChevronExxon Mobil
Valuation
20.5×P/E (TTM)21.0×
13.5×Forward P/E (FY2027)13.9×
14.7×Median P/E at FY-end (reported earnings)13.9×
2.00×P/S (TTM)1.90×
2.24×P/B2.64×
8.9×EV/EBITDA10.4×
1.02×PEG1.52×
−56.8%Fair value upside−45.8%
3.3%Dividend yield2.4%
$6.98Dividend per share$4.08
Profitability
21.9%Operating margin15.9%
12.2%Return on equity12.6%
3.8%Return on assets6.4%
Growth
53.5%Revenue growth (YoY)44.1%
-9.2%Avg. growth/yr (3Y)-6.7%
14.3%Avg. growth/yr (5Y)12.6%
+9.8%Value creation/yr+11.3%
Balance & size
13.7×Interest coverage (EBIT/interest)56.3×
0.21×Debt / equity0.13×
$418BMarket cap$685B
weakGrowth qualityweak
Chevron, median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 14.7. Exxon Mobil, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings: 13.9.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Even match: 7 to 7 metric wins.

n/a = 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.

Chevron Exxon Mobil
ProfitabilityHow much profit the company makes from its sales and capital
35
43
Quality GrowthAre margins and returns getting better?
24
33
CashflowDo the profits arrive as real cash?
59
51
Financial strengthDebt, balance sheet and risk of trouble
77
77
InvestmentDoes it invest with discipline instead of growing at any price?
64
60
Low VolatilityHow calm the share price moves, does not count
88
87
Price momentumPrice momentum of the last 3 to 12 months, does not count
67
66
Near the 52-week highDistance to the 52-week high, does not count
78
78
New sharesBuys back shares or issues new ones?
41
87

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChevronPrice $213Exxon MobilPrice $167
DCF Models−50.8%below the price$105−45.5%below the price$90.83
Earnings-Based−69.6%below the price$64.83−51.3%below the price$81.20
Dividend Discount−52.9%below the price$101−33.0%below the price$112
Multiples−57.3%below the price$91.01−45.7%below the price$90.54
Asset-Based−70.9%below the price$62.12−76.7%below the price$38.86
Growth DCF−41.7%below the price$124−41.7%below the price$97.13
Economic Profit−69.3%below the price$65.56−59.0%below the price$68.42
Growth Earnings−67.4%below the price$69.50−52.9%below the price$78.49
Matching families8 of 8
Minimum−70.9%below the price$62.12−76.7%below the price$38.86
Maximum−41.7%below the price$124−33.0%below the price$112
Median−62.4%below the price$80.26−48.5%below the price$85.87
Geometric mean−61.2%below the price$82.71−52.6%below the price$78.97
Ahead family by family1 of 86 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Exxon Mobil is ahead in 6 of 8 shared families, Chevron in 1. Tied: 1 family.

Chevron: 24 of 24 models see the stock below the current price.

Exxon Mobil: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Chevron
Price $213
Fair Value $92.05
Bear $67.21Bull $120
Exxon Mobil
Price $167
Fair Value $90.40
Bear $59.88Bull $118

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

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 score51 · above median
Fair value upside−56.8% · bottom 25%

Exxon Mobil · Energy

Quality score59 · above median
Fair value upside−45.8% · bottom 25%

Bottom line

As of Nov 11, 2026, Fair Value Calculator sees Exxon Mobil as the less overvalued of the two: Chevron trades at $213 versus a fair value of $92.05 (−56.8%), while Exxon Mobil trades at $167 versus $90.40 (−45.8%).

Exxon Mobil has the higher quality score (59/100).

Open Exxon Mobil live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.