EOG vs. CVX
EOG (EOG Resources, Inc.) and CVX (Chevron Corporation) are both stocks. Both are in the Energy sector — EOG in Oil & Gas E&P, CVX in Oil & Gas Integrated. Over the past 10 years, EOG returned 8.45%/yr vs 10.13%/yr for CVX. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
EOG vs. CVX - Performance Comparison
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Returns By Period
In the year-to-date period, EOG achieves a 28.69% return, which is significantly higher than CVX's 17.05% return. Over the past 10 years, EOG has underperformed CVX with an annualized return of 8.45%, while CVX has yielded a comparatively higher 10.13% annualized return.
EOG
- 1D
- 2.19%
- 1M
- -5.94%
- YTD
- 28.69%
- 6M
- 30.67%
- 1Y
- 9.77%
- 3Y*
- 11.39%
- 5Y*
- 14.68%
- 10Y*
- 8.45%
CVX
- 1D
- 0.82%
- 1M
- -8.55%
- YTD
- 17.05%
- 6M
- 19.09%
- 1Y
- 21.96%
- 3Y*
- 9.49%
- 5Y*
- 15.13%
- 10Y*
- 10.13%
EOG vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EOG EOG Resources, Inc. | 28.69% | -11.37% | 4.30% | -2.03% | 56.88% | 88.62% | -38.64% | -2.82% | -18.66% | 7.47% |
CVX Chevron Corporation | 17.05% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between EOG and CVX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.69 |
The correlation between EOG and CVX has been stable across timeframes, ranging from 0.69 to 0.79 - a consistent structural relationship.
Fundamentals
EOG:
$71.06B
CVX:
$347.65B
EOG:
$10.16
CVX:
$5.75
EOG:
13.07
CVX:
30.42
EOG:
1.66
CVX:
2.96
EOG:
3.06
CVX:
1.80
EOG:
2.30
CVX:
1.89
EOG:
$23.48B
CVX:
$185.89B
EOG:
$11.38B
CVX:
$47.27B
EOG:
$14.73B
CVX:
$40.44B
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Return for Risk
EOG vs. CVX — Risk / Return Rank
EOG
CVX
EOG vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for EOG Resources, Inc. (EOG) and Chevron Corporation (CVX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EOG | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.30 | -0.77 |
| Martin ratioReturn relative to average drawdown | 1.02 | 3.64 | -2.62 |
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Drawdowns
EOG vs. CVX - Drawdown Comparison
The maximum EOG drawdown since its inception was -77.13%, which is greater than CVX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for EOG and CVX.
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Drawdown Indicators
| EOG | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.13% | -55.77% | -21.36% |
Max Drawdown (1Y)Largest decline over 1 year | -18.51% | -17.02% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | -20.64% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -33.42% | -24.95% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | -77.13% | -55.77% | -21.36% |
Current DrawdownCurrent decline from peak | -10.69% | -16.33% | +5.64% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -11.39% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 6.08% | +3.60% |
Volatility
EOG vs. CVX - Volatility Comparison
EOG Resources, Inc. (EOG) has a higher volatility of 8.94% compared to Chevron Corporation (CVX) at 7.19%. This indicates that EOG's price experiences larger fluctuations and is considered to be riskier than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EOG | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.94% | 7.19% | +1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 20.84% | 18.28% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.27% | 22.51% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.82% | 25.12% | +7.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.15% | 29.20% | +9.95% |
Dividends
EOG vs. CVX - Dividend Comparison
EOG's dividend yield for the trailing twelve months is around 3.04%, less than CVX's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.99% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
EOG EOG Resources, Inc. | 3.04% | 3.76% | 2.97% | 4.80% | 6.79% | 5.19% | 2.83% | 1.21% | 0.87% | 0.62% | 0.66% | 0.95% |
Financials
EOG vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between EOG Resources, Inc. and Chevron Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
EOG vs. CVX - Profitability Comparison
EOG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a gross profit of 0.00 and revenue of 6.76B. Therefore, the gross margin over that period was 0.0%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
EOG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported an operating income of 2.60B and revenue of 6.76B, resulting in an operating margin of 38.4%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
EOG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, EOG Resources, Inc. reported a net income of 1.98B and revenue of 6.76B, resulting in a net margin of 29.3%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
Frequently Asked Questions
EOG and CVX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EOG has higher volatility (8.94%) compared to CVX (7.19%). In terms of maximum drawdown, EOG dropped -77.13% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (0.98 vs 0.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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