Compare/Updated Oct 26, 2026, refreshed every trading day
CVX vs XOM
Chevron Corporation against Exxon Mobil Corporation: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
XOM did better over the period: $1,000 invested on October 28, 2022 grew to $1,887, versus $1,522 for CVX. XOM’s total return was 79.0% over three years, compared with 56.5% for CVX, and it also led over one year, six months, three months, and year to date. The advantage matters because XOM delivered substantially greater cumulative wealth, although with somewhat higher risk: 12-month volatility was 26.1% versus 24.1% for CVX. XOM’s worst drawdown was also less severe at -20.1%, compared with -22.3% for CVX. The stocks remained highly correlated, with daily-move correlation of 0.834, so their results generally moved together. XOM won 25 of the last 48 months, while CVX won 23; the typical monthly gap was 1.98 points.
- Price is above its 200-day average ($189); 50-day at $210.
- RSI 77, overbought. Supertrend says buy. ADX 30, so the trend is strong.
- Price is above its 200-day average ($152); 50-day at $166.
- RSI 76, overbought. Supertrend says buy. ADX 28, so the trend is strong.
Head to head
Which has returned more, CVX or XOM?
CVX beat XOM in 23 of the last 48 months; XOM won the other 25. The typical monthly gap was 1.98 points.
Total return by period
Which is riskier?
CVX: Jan 26, 2023 to Nov 9, 2023; XOM: Mar 30, 2026 to Jun 29, 2026
- 0.834
- correlation of daily moves, 4 years
- 0.81
- CVX move per 1% in XOM
- 0.847
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 1.98 points.
When did they diverge?
| Month | CVX | XOM | Gap |
|---|---|---|---|
| January 2023 | -3.0% | +5.2% | -8.22 pts |
| November 2024 | +9.9% | +1.8% | +8.08 pts |
| April 2025 | -18.7% | -11.2% | -7.49 pts |
| March 2024 | +3.8% | +11.2% | -7.45 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with CVX and XOM?
- Price
- $233.21
- Price
- $183.21
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