CVX vs BKR vs WDS Stock Comparison

Chevron, Baker Hughes and Woodside Energy Prices as of Oct 26, 2026 Peers: Industry group
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CVX Chevron Corp
$232.00 +13.5% 1M +49.1% 1Y
Market cap
$449.52B
P/E
21.8x
Revenue (TTM)
$215.26B
Div. yield
0.03%
Integrated Oil and Gas Energy
6 wins
BKR Baker Hughes Co
$56.01 -3.1% 1M +18.4% 1Y
Market cap
$58.59B
P/E
18.9x
Revenue (TTM)
$27.73B
Div. yield
0.02%
Oilfield Services Energy
5 wins

Head to Head

12 decided of 12

Chevron leads on 6 of the 12 questions below (Chevron 6, Baker Hughes 5, Woodside Energy 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCVXBKRWDSLeader
Larger companyMarket capitalisation $449.52B $58.59B $43.88B CVX
Cheaper on earningsLower P/E, profitable companies only 21.8x 18.9x — BKR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 14.2x 22.1x 13.3x WDS
Faster revenue growthRevenue growth, trailing twelve months +10.2% +0.4% — CVX
More profitableNet margin, trailing twelve months 9.6% 11.2% — BKR
Better return on capitalReturn on invested capital -25.4% 8.9% — BKR
Less leveragedLower net debt / EBITDA -0.5x 0.1x — CVX
Higher dividend yieldTrailing dividend yield 0.03% 0.02% 0.00% CVX
Better 1-year returnPrice return, last 12 months +49.1% +18.4% +46.8% CVX
Better 5-year returnAnnualised price return, 5 years +15.7%/yr +17.5%/yr +5.3%/yr BKR
Less volatileAnnualised volatility, 1 year 24.0% 33.2% 32.8% CVX
Higher overall scoreMean of the five percentile scores vs peers 55/100 55/100 — BKR

Percentile Scorecard

CVXBKRWDS

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCVXBKRWDS
Valuation 25 #75 of 99 44 #27 of 47 –
Growth 80 #20 of 97 67 #15 of 44 –
Profitability 37 #61 of 96 75 #11 of 41 –
Financial Health 64 #37 of 102 49 #24 of 46 84 #17 of 102
Shareholder Returns 69 #24 of 76 42 #19 of 32 92 #7 of 76
Overall 55 55 –
  • CVX ranked among 103 companies in Oil and Gas Upstream
  • BKR ranked among 48 companies in Oilfield Services and Equipment
  • WDS ranked among 103 companies in Oil and Gas Upstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCVXBKRWDSSPY
1 month +13.5%-3.1%+5.8% -0.8%
3 months +22.1%-7.6%+7.0% +3.5%
6 months +25.6%-18.1%+0.9% +7.0%
Year to date +52.2%+23.0%+49.6% +12.2%
1 year +49.1%+18.4%+46.8% +13.0%
3 years +60.7%+60.9%+5.4% +86.3%
3 years, per year +17.1%+17.2%+1.8% +23.1%
5 years +107.0%+124.0%+29.6% +68.6%
5 years, per year +15.7%+17.5%+5.3% +11.0%
10 years +129.3%—+7.9% +258.0%
10 years, per year +8.7%—+0.8% +13.6%

Risk

MeasureCVXBKRWDSSPY
Volatility, 1Y 24.0%33.2%32.8% 12.7%
Downside volatility, 1Y 24.1%34.2%34.4% 12.7%
Beta vs S&P 500, 1Y -0.610.68-0.39 1.00
Return / volatility, 1Y 2.050.551.43 1.02
Max drawdown, 5Y -28.9%-47.2%-57.2% -25.4%
From 52-week high -0.5%-19.6%-5.9% -1.8%
52-week high $233.24$69.67$24.78 $779.14
52-week low $146.75$44.47$14.58 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCVXBKRWDS
P/E now vs peer median 22.2xmedian 13.5x 17.9xmedian 25.5x —median 13.5x
P/S now vs peer median 2.1xmedian 2.1x 2.0xmedian 1.2x —median 2.1x
EV/EBITDA now vs peer median -7.7xmedian 5.9x 11.5xmedian 8.6x —median 5.9x
P/FCF now vs peer median 17.0xmedian 11.0x 17.8xmedian 14.7x —median 11.0x
P/B now vs peer median 2.3xmedian 1.5x 2.8xmedian 1.6x 1.1xmedian 1.5x
PEG now vs peer median -1.65median 2.27 0.45median 0.41 —median 2.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCVXBKRWDS
Revenue $215.26B $27.73B –
Gross profit $97.64B $6.58B –
Operating income -$86.98B $3.59B –
Net income $20.97B $3.12B –
Free cash flow $27.01B $3.13B –
R&D $1.07B $569.00M –
EPS (diluted) $10.43 $3.11 –
Cash & equivalents $8.53B $15.73B $4.34B
Total debt $37.08B $16.25B $23.27B
Shares (diluted) 1.98B 997.00M 1.91B
Enterprise value $421.64B $21.69B $24.22B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCVXBKRWDS
P/E 22.2x 17.9x –
P/FCF 17.0x 17.8x –
P/Operating cash flow 10.1x 12.5x –
P/S 2.1x 2.0x –
P/B 2.3x 2.8x 1.1x
P/Tangible book 2.3x 3.5x 1.1x
EV/EBITDA -7.7x 11.5x –
EV/EBIT -5.6x 15.7x –
EV/Revenue 2.3x 2.0x –
EV/FCF 18.0x 17.9x –
EV/Operating cash flow 10.7x 12.7x –
PEG (3Y EPS CAGR) -1.65 0.45 –

Growth

14 metrics
MetricCVXBKRWDS
Revenue growth (1Y) 10.2% 0.4% –
Revenue CAGR (3Y) -1.1% 6.0% –
Gross profit growth (1Y) 23.2% -0.9% –
Gross profit CAGR (3Y) 1.6% 5.8% –
Operating income growth (1Y) 7.3% 9.7% –
Operating income CAGR (3Y) 0.3% 23.9% –
Net income growth (1Y) 52.1% 1.3% –
Net income CAGR (3Y) -11.5% 39.1% –
EPS growth (1Y) 31.1% 1.0% –
EPS CAGR (3Y) -13.5% 39.9% –
Operating cash flow growth (1Y) 41.0% 29.7% –
Operating cash flow CAGR (3Y) 3.2% 16.4% –
Free cash flow growth (1Y) 67.8% 44.5% –
Free cash flow CAGR (3Y) -0.8% 21.8% –

Profitability

14 metrics
MetricCVXBKRWDS
Gross margin 45.4% 23.7% –
EBITDA margin -29.5% 17.6% –
Operating margin -40.4% 12.9% –
Pretax margin 14.2% 12.7% –
Net margin 9.6% 11.2% –
FCF margin 12.5% 11.3% –
Operating cash flow margin 21.1% 16.0% –
Return on equity 10.9% 15.8% –
Return on assets 6.4% 6.0% –
Return on invested capital -25.4% 8.9% –
Return on capital employed -29.9% 9.7% –
Asset turnover 0.7x 0.5x –
Cash conversion (OCF / net income) 2.2x 1.4x –
Stock comp / revenue – 0.7% –

Financial Health

11 metrics
MetricCVXBKRWDS
Debt / assets 11.2% 30.9% 1.7%
Debt / equity 0.2x 0.8x 0.0x
Net debt / EBITDA -0.5x 0.1x –
Debt / FCF 1.4x 5.2x –
Liabilities / assets 40.8% 61.8% 38.4%
Equity / assets 59.2% 38.2% 61.6%
Interest coverage -60.9x – –
Current ratio 1.3x 2.1x 1.4x
Quick ratio 1.3x 1.7x 0.9x
Cash ratio 0.2x 1.1x 0.9x
Altman Z-score 2.76 2.10 –

Shareholder Returns

7 metrics
MetricCVXBKRWDS
Dividend yield 3.0% 1.6% 5.0%
Net buyback yield 2.2% – –
Shareholder yield 5.2% 1.6% 5.0%
Payout ratio (earnings) 66.1% 29.1% –
Payout ratio (FCF) 51.3% 29.1% –
Dividend growth (1Y) 18.1% 4.2% –
Dividend CAGR (3Y) 7.6% 6.4% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCVXBKRWDS
Forward P/E 14.2xFY2026 22.1xFY2026 13.3xFY2026
EPS, next fiscal year $16.31FY2026 $2.54FY2026 $1.75FY2026
EPS growth, next FY +123.7%FY2026 -2.3%FY2026 +22.4%FY2026
EPS growth, the year after -2.0% +10.6% +14.3%
Revenue, next fiscal year $259.12BFY2026 $30.90BFY2026 $15.29BFY2026
Revenue growth, next FY +37.1%FY2026 +11.4%FY2026 +17.8%FY2026
Revenue growth, the year after -10.2% -1.5% +2.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCVXBKRWDS
Held by institutions 74.1% 97.2% 1.6%
Institutions holding 4,130 1,148 307
Change in shares held, QoQ +1.8% +5.2% +8.5%
Institutions buying 1,965 576 168
Institutions selling 1,730 429 65
Buyers to sellers 1.14 1.34 2.58

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CVXBKRWDS
CVX 1.00 0.31 0.59
BKR 0.31 1.00 0.29
WDS 0.59 0.29 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CVX, BKR and WDS?

Chevron (CVX) is the largest by market capitalisation: Chevron (CVX) $449.52B, Baker Hughes (BKR) $58.59B, Woodside Energy (WDS) $43.88B.

Which stock is cheaper, CVX, BKR and WDS?

Baker Hughes (BKR) trades on the lowest price-to-earnings ratio (Chevron (CVX) 21.8x, Baker Hughes (BKR) 18.9x). On next year's consensus earnings, Woodside Energy (WDS) is cheapest (Chevron (CVX) 14.2x, Baker Hughes (BKR) 22.1x, Woodside Energy (WDS) 13.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Chevron (CVX) grew revenue fastest over the trailing twelve months: Chevron (CVX) +10.2%, Baker Hughes (BKR) +0.4%.

Which company is more profitable?

Baker Hughes (BKR) has the highest net margin (Chevron (CVX) 9.6%, Baker Hughes (BKR) 11.2%). On return on invested capital, Baker Hughes (BKR) leads (Chevron (CVX) -25.4%, Baker Hughes (BKR) 8.9%).

Which stock has performed better?

Over the past year Chevron (CVX) returned the most: Chevron (CVX) +49.1%, Baker Hughes (BKR) +18.4%, Woodside Energy (WDS) +46.8%. Over five years, Baker Hughes (BKR) compounded fastest (Chevron (CVX) +15.7%/yr, Baker Hughes (BKR) +17.5%/yr, Woodside Energy (WDS) +5.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Chevron (CVX) has the highest dividend yield: Chevron (CVX) 0.03%, Baker Hughes (BKR) 0.02%, Woodside Energy (WDS) 0.00%. Woodside Energy (WDS) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Chevron (CVX) has been the steadiest (Chevron (CVX) 24.0%, Baker Hughes (BKR) 33.2%, Woodside Energy (WDS) 32.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CVX, BKR and WDS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Chevron (CVX) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.