COP vs CVX.

→No axis separates them by more than 2 of six checks, and the widest is Quality. They score identically on 3 of the six, so the difference between them is narrower than a headline suggests.

	COP	CVX
Quality	6/6	4/6
Shareholder returns	4/6	6/6
Health	6/6	5/6
Value	2/6	2/6
Growth	2/6	2/6
Trend analysis	6/6	6/6
All checks	26/36	25/36

→Chevron turns over $208.7B to ConocoPhillips's $56.3B, 3.7 times as much. ConocoPhillips keeps 16.5% of revenue as profit against 9.9% at Chevron.

→ConocoPhillips keeps more of each sale: gross margin of 57.3% against 43.6%, a gap of 14 points that flows into everything below it.

	COP	CVX
Gross margin	57.3%	43.6%
Operating margin	-	-
Return on equity	14.2%	10.8%

→Both pay: Chevron yields the more at 3.1% against 2.5%. A yield rises when a price falls, so read it beside the payout checks in each report.

	COP	CVX
Dividend yield	2.5%	3.1%
Payout ratio	43.0%	61.9%
Years of unbroken dividend	-	-

→Chevron carries much the lighter balance sheet, 0.00x of debt to equity against 0.36x - which matters most in the year a downturn arrives, not this one.

	COP	CVX
Debt / equity	0.36x	0.00x
Interest coverage	-	-
Cash and short-term investments	$7.7B	$9.6B

→ConocoPhillips is the cheaper of the two on earnings, 18.2x against 18.9x. Against their own histories, ConocoPhillips is above its 9.4x median and Chevron is above its 14.3x.

	COP	CVX
Share price	$135.04	$209.80
Market cap	$162.2B	$414.5B
P/E	18.2x	18.9x
P/E, own median own 7-year median / own 9-year median	9.4x	14.3x
P/S	2.9x	2.0x
Free cash flow yield	7.3%	6.5%

→ConocoPhillips and Chevron grew revenue at much the same rate last year, +9.2% against +11.2%. Over three years the order is the same, ConocoPhillips at -5.3% and Chevron at -7.9%.

	COP	CVX
Revenue (TTM)	$56.3B	$208.7B
Revenue growth, 1 year	+9.2%	+11.2%
Revenue CAGR, 3 years	-5.3%	-7.9%
Net income (TTM)	$9.3B	$20.6B
Free cash flow (TTM)	$11.8B	$27.0B