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Chevron vs TotalEnergies: Which Stock Looks Stronger in 2026?

TotalEnergies SE holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Chevron still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across profitability and valuation, rather than sitting in one isolated gap. The overall score gap is 21 points in favour of TotalEnergies SE.

INDUSTRY COMPARISON

Both operate in: Oil & Gas Integrated

This comparison is based on industry proximity, not on functional trajectory similarity. CVX and TTE.PA share the same industry classification.

For a similarity-based comparison, see how Chevron and TotalEnergies SE each position within their functional peer groups in AssetNext.

Peer-Relative Score
CVX
Chevron Corporation
39
Peer-Score
Signal qualityMedium
vs
TTE.PA
TotalEnergies SE
60
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

More than one operating dimension supports the result here.

Dimension spread: CVX vs TTE.PA Profitability 13 62 Stability 72 56 Valuation 54 76 Growth 23 37 CVX TTE.PA
Gap Ranking
#1 Profitability +49
#2 Valuation +22
#3 Stability +16
#4 Growth +14
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for CVX and TTE.PA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer CVXTTE.PA Relative valuation Structural strength

TotalEnergies SE looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
TotalEnergies SE sits in the stronger part of the group on profitability, while Chevron Corporation is closer to mid-pack.
Valuation
Both rank well on valuation, but TotalEnergies SE still sits higher.
Profitability — Dominant Gap
CVX
13
TTE.PA
62
Gap+49in favour of TTE.PA

Capital efficiency adds support, with a 7.5-point ROIC advantage.

What else supports the lead

A forward P/E that is 9.1 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

Profitability is the clearest driver of the lead, with valuation adding further support — though stability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the CVX vs TTE.PA comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how CVX and TTE.PA each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.