TTE vs EQNR vs CVX Stock Comparison

TotalEnergies SE, Equinor Asa and Chevron Prices as of Oct 23, 2026 Peers: Industry group
TTE TotalEnergies SE
$92.81 +1.2% 1M +48.3% 1Y
Market cap
$205.28B
P/E
18.3x
Revenue (TTM)
$115.93B
Div. yield
0.04%
Integrated Oil and Gas Energy
5 wins
EQNR Equinor Asa
$48.81 +13.7% 1M +95.5% 1Y
Market cap
$124.80B
P/E
15.6x
Revenue (TTM)
$114.42B
Div. yield
–
Integrated Oil and Gas Energy
3 wins
CVX Chevron Corp
$233.24 +13.5% 1M +49.0% 1Y
Market cap
$456.40B
P/E
22.2x
Revenue (TTM)
$215.26B
Div. yield
0.03%
Integrated Oil and Gas Energy
4 wins

Head to Head

12 decided of 12

TotalEnergies SE leads on 5 of the 12 questions below (TotalEnergies SE 5, Chevron 4, Equinor Asa 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTTEEQNRCVXLeader
Larger companyMarket capitalisation $205.28B $124.80B $456.40B CVX
Cheaper on earningsLower P/E, profitable companies only 18.3x 15.6x 22.2x EQNR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.1x 9.1x 14.5x TTE
Faster revenue growthRevenue growth, trailing twelve months +13.8% +5.8% +10.2% TTE
More profitableNet margin, trailing twelve months 9.7% 7.0% 9.6% TTE
Better return on capitalReturn on invested capital 22.6% 47.7% -25.4% EQNR
Less leveragedLower net debt / EBITDA 0.5x 0.0x -0.5x CVX
Higher dividend yieldTrailing dividend yield 0.04% 0.00% 0.03% TTE
Better 1-year returnPrice return, last 12 months +48.3% +95.5% +49.0% EQNR
Better 5-year returnAnnualised price return, 5 years +12.7%/yr +12.1%/yr +15.6%/yr CVX
Less volatileAnnualised volatility, 1 year 24.8% 39.0% 23.9% CVX
Higher overall scoreMean of the five percentile scores vs peers 71/100 67/100 55/100 TTE

Percentile Scorecard

TTEEQNRCVX

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

AxisTTEEQNRCVX
Valuation 85 #16 of 99 81 #20 of 99 25 #75 of 99
Growth 67 #33 of 97 57 #42 of 97 80 #20 of 97
Profitability 79 #21 of 96 81 #19 of 96 38 #60 of 96
Financial Health 53 #49 of 102 56 #45 of 102 64 #37 of 102
Shareholder Returns 72 #22 of 76 59 #32 of 76 69 #24 of 76
Overall 71 67 55
  • TTE ranked among 103 companies in Oil and Gas Upstream
  • EQNR ranked among 103 companies in Oil and Gas Upstream
  • CVX 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

PeriodTTEEQNRCVXSPY
1 month +1.2%+13.7%+13.5% -1.0%
3 months +6.9%+21.0%+19.8% +2.9%
6 months +3.4%+28.7%+25.9% +6.4%
Year to date +41.9%+106.6%+53.0% +11.4%
1 year +48.3%+95.5%+49.0% +13.1%
3 years +42.3%+47.8%+48.9% +79.4%
3 years, per year +12.5%+13.9%+14.2% +21.5%
5 years +81.4%+76.8%+106.8% +67.7%
5 years, per year +12.7%+12.1%+15.6% +10.9%
10 years +92.2%+195.5%+130.2% +255.2%
10 years, per year +6.8%+11.4%+8.7% +13.5%

Risk

MeasureTTEEQNRCVXSPY
Volatility, 1Y 24.8%39.0%23.9% 12.7%
Downside volatility, 1Y 24.6%38.6%24.0% 12.7%
Beta vs S&P 500, 1Y -0.34-1.09-0.61 1.00
Return / volatility, 1Y 1.942.452.05 1.03
Max drawdown, 5Y -28.4%-47.8%-28.9% -25.4%
From 52-week high -0.8%0.0%0.0% -2.5%
52-week high $93.60$48.81$233.24 $779.14
52-week low $60.99$22.41$146.75 $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.

MultipleTTEEQNRCVX
P/E now vs peer median 18.1xmedian 13.1x 15.8xmedian 13.1x 22.3xmedian 13.1x
P/S now vs peer median 1.8xmedian 2.0x 1.1xmedian 2.0x 2.1xmedian 2.0x
EV/EBITDA now vs peer median 3.4xmedian 5.7x 2.8xmedian 5.7x -7.7xmedian 5.7x
P/FCF now vs peer median 6.4xmedian 11.1x 12.7xmedian 11.1x 17.1xmedian 11.1x
P/B now vs peer median 1.6xmedian 1.5x 2.8xmedian 1.5x 2.4xmedian 1.5x
PEG now vs peer median -1.56median 2.24 —median 2.24 -1.66median 2.24

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 monthsTTEEQNRCVX
Revenue $115.93B $114.42B $215.26B
Gross profit $115.93B – $97.64B
Operating income $54.64B $32.53B -$86.98B
Net income $18.10B $9.05B $20.97B
Free cash flow $32.15B $9.58B $27.01B
R&D $228.00M $880.00M $1.07B
EPS (diluted) $4.37 $3.08 $10.43
Cash & equivalents $27.68B $8.06B $8.53B
Total debt $259.58B $105.13B $37.08B
Shares (diluted) 2.57B 2.60B 1.98B
Enterprise value $85.86B $39.26B $428.52B

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
MetricTTEEQNRCVX
P/E 18.1x 15.8x 22.3x
P/FCF 6.4x 12.7x 17.1x
P/Operating cash flow 6.2x 5.3x 10.2x
P/S 1.8x 1.1x 2.1x
P/B 1.6x 2.8x 2.4x
P/Tangible book 1.6x 2.8x 2.4x
EV/EBITDA 3.4x 2.8x -7.7x
EV/EBIT 4.3x 3.8x -5.6x
EV/Revenue 2.0x 1.1x 2.3x
EV/FCF 7.3x 12.8x 18.1x
EV/Operating cash flow 7.1x 5.3x 10.8x
PEG (3Y EPS CAGR) -1.56 – -1.66

Growth

14 metrics
MetricTTEEQNRCVX
Revenue growth (1Y) 13.8% 5.8% 10.2%
Revenue CAGR (3Y) -14.9% – -1.1%
Gross profit growth (1Y) 13.8% – 23.2%
Gross profit CAGR (3Y) 2.8% – 1.6%
Operating income growth (1Y) 13.9% 7.6% 7.3%
Operating income CAGR (3Y) 0.7% – 0.3%
Net income growth (1Y) 38.7% 10.0% 52.1%
Net income CAGR (3Y) -3.2% – -11.5%
EPS growth (1Y) 72.0% 24.1% 31.1%
EPS CAGR (3Y) -11.6% – -13.5%
Operating cash flow growth (1Y) 17.2% 15.5% 41.0%
Operating cash flow CAGR (3Y) -5.0% – 3.2%
Free cash flow growth (1Y) 19.1% 39.6% 67.8%
Free cash flow CAGR (3Y) -4.4% – -0.8%

Profitability

14 metrics
MetricTTEEQNRCVX
Gross margin 100.0% – 45.4%
EBITDA margin 59.8% 38.9% -29.5%
Operating margin 47.1% 28.4% -40.4%
Pretax margin 28.9% 29.0% 14.2%
Net margin 9.7% 7.0% 9.6%
FCF margin 27.7% 8.4% 12.5%
Operating cash flow margin 28.5% 20.2% 21.1%
Return on equity 8.9% 20.9% 10.9%
Return on assets 3.6% 658.7% 6.4%
Return on invested capital 22.6% 47.7% -25.4%
Return on capital employed 25.4% – -29.9%
Asset turnover 0.4x 83.3x 0.7x
Cash conversion (OCF / net income) 1.8x 2.6x 2.2x
Stock comp / revenue – – –

Financial Health

11 metrics
MetricTTEEQNRCVX
Debt / assets 20.1% 1,784% 11.2%
Debt / equity 0.5x 0.6x 0.2x
Net debt / EBITDA 0.5x 0.0x -0.5x
Debt / FCF 2.0x 2.5x 1.4x
Liabilities / assets 58.3% -3,046% 40.8%
Equity / assets 41.7% 3,146% 59.2%
Interest coverage 23,923,370x – -60.9x
Current ratio 1.1x 1.2x 1.3x
Quick ratio 0.5x 0.9x 1.3x
Cash ratio 0.3x 0.6x 0.2x
Altman Z-score – – 2.77

Shareholder Returns

7 metrics
MetricTTEEQNRCVX
Dividend yield 5.6% 3.1% 3.0%
Net buyback yield 0.5% – 2.1%
Shareholder yield 6.1% 3.1% 5.2%
Payout ratio (earnings) 44.0% – 66.1%
Payout ratio (FCF) 24.8% – 51.3%
Dividend growth (1Y) 6.1% – 18.1%
Dividend CAGR (3Y) 2.3% – 7.6%

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.

ConsensusTTEEQNRCVX
Forward P/E 8.1xFY2026 9.1xFY2026 14.5xFY2026
EPS, next fiscal year $11.44FY2026 $5.34FY2026 $16.10FY2026
EPS growth, next FY +66.0%FY2026 +116.2%FY2026 +120.9%FY2026
EPS growth, the year after -8.7% -17.6% -4.1%
Revenue, next fiscal year $203.54BFY2026 $120.34BFY2026 $256.14BFY2026
Revenue growth, next FY +11.6%FY2026 +13.7%FY2026 +35.5%FY2026
Revenue growth, the year after +3.5% -2.1% -10.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTTEEQNRCVX
Held by institutions 46.3% 6.6% 74.1%
Institutions holding 1,002 409 4,130
Change in shares held, QoQ +3.8% +1.8% +1.8%
Institutions buying 457 230 1,965
Institutions selling 354 115 1,730
Buyers to sellers 1.29 2.00 1.14

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.

TTEEQNRCVX
TTE 1.00 0.72 0.64
EQNR 0.72 1.00 0.71
CVX 0.64 0.71 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TTE, EQNR and CVX?

Chevron (CVX) is the largest by market capitalisation: TotalEnergies SE (TTE) $205.28B, Equinor Asa (EQNR) $124.80B, Chevron (CVX) $456.40B.

Which stock is cheaper, TTE, EQNR and CVX?

Equinor Asa (EQNR) trades on the lowest price-to-earnings ratio (TotalEnergies SE (TTE) 18.3x, Equinor Asa (EQNR) 15.6x, Chevron (CVX) 22.2x). On next year's consensus earnings, TotalEnergies SE (TTE) is cheapest (TotalEnergies SE (TTE) 8.1x, Equinor Asa (EQNR) 9.1x, Chevron (CVX) 14.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

TotalEnergies SE (TTE) grew revenue fastest over the trailing twelve months: TotalEnergies SE (TTE) +13.8%, Equinor Asa (EQNR) +5.8%, Chevron (CVX) +10.2%.

Which company is more profitable?

TotalEnergies SE (TTE) has the highest net margin (TotalEnergies SE (TTE) 9.7%, Equinor Asa (EQNR) 7.0%, Chevron (CVX) 9.6%). On return on invested capital, Equinor Asa (EQNR) leads (TotalEnergies SE (TTE) 22.6%, Equinor Asa (EQNR) 47.7%, Chevron (CVX) -25.4%).

Which stock has performed better?

Over the past year Equinor Asa (EQNR) returned the most: TotalEnergies SE (TTE) +48.3%, Equinor Asa (EQNR) +95.5%, Chevron (CVX) +49.0%. Over five years, Chevron (CVX) compounded fastest (TotalEnergies SE (TTE) +12.7%/yr, Equinor Asa (EQNR) +12.1%/yr, Chevron (CVX) +15.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

TotalEnergies SE (TTE) has the highest dividend yield: TotalEnergies SE (TTE) 0.04%, Equinor Asa (EQNR) 0.00%, Chevron (CVX) 0.03%. Equinor Asa (EQNR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Chevron (CVX) has been the steadiest (TotalEnergies SE (TTE) 24.8%, Equinor Asa (EQNR) 39.0%, Chevron (CVX) 23.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TTE, EQNR and CVX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, TotalEnergies SE (TTE) leads on 5. 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.