Chevron vs Canadian Natural
Chevron and Canadian Natural are presented here to compare their business models, financial performance, and market context side by side. The page provides neutral, accessible information on how each company operates, generates revenue, and positions itself within the energy sector. Educational content, not financial advice.
Chevron and Canadian Natural are presented here to compare their business models, financial performance, and market context side by side. The page provides neutral, accessible information on how each ...
Why It's Moving
Chevron Surges on Earnings Beat, Dividend Boost, and Venezuelan Expansion Plans
- Q4 EPS of $1.52 beat estimates of $1.44, fueled by record global production and sharp cost cuts that bolstered margins amid softer oil prices.
- Dividend raised 4% to $1.78 quarterly—marking 39 straight years of increases—underscoring commitment to returns as free cash flow supports payouts.
- Plans to boost Venezuelan production 50% without new capex tap U.S. policy easing, adding growth upside but highlighting geopolitical risks.
CNQ Faces Venezuela Oil Flood Fears but Powers Ahead with Strong Production Outlook.
- Geopolitical headlines on Venezuela risking heavy oil market glut are rattling Canadian producers, creating short-term price disconnects despite CNQ's low break-even points.
- Post-Chevron acquisition, CNQ eyes 1.59-1.65 million BOE/d in 2026—up 50,000 BOE/d—with a lean $6.3 billion capex budget driving efficient growth.
- Fortress finances shine through: net debt-to-EBITDA at 0.9x, liquidity over C$4.3 billion, and ability to sustain dividends even at WTI crude below $40.
Chevron Surges on Earnings Beat, Dividend Boost, and Venezuelan Expansion Plans
- Q4 EPS of $1.52 beat estimates of $1.44, fueled by record global production and sharp cost cuts that bolstered margins amid softer oil prices.
- Dividend raised 4% to $1.78 quarterly—marking 39 straight years of increases—underscoring commitment to returns as free cash flow supports payouts.
- Plans to boost Venezuelan production 50% without new capex tap U.S. policy easing, adding growth upside but highlighting geopolitical risks.
CNQ Faces Venezuela Oil Flood Fears but Powers Ahead with Strong Production Outlook.
- Geopolitical headlines on Venezuela risking heavy oil market glut are rattling Canadian producers, creating short-term price disconnects despite CNQ's low break-even points.
- Post-Chevron acquisition, CNQ eyes 1.59-1.65 million BOE/d in 2026—up 50,000 BOE/d—with a lean $6.3 billion capex budget driving efficient growth.
- Fortress finances shine through: net debt-to-EBITDA at 0.9x, liquidity over C$4.3 billion, and ability to sustain dividends even at WTI crude below $40.
Investment Analysis
Chevron
CVX
Pros
- Chevron has a strong market capitalization above $310 billion, underlining its position as a major integrated energy company.
- Analysts generally maintain a 'Buy' rating with an average price target around $170 to $175, suggesting potential upside around 11-13%.
- Chevron offers a solid dividend yield near 4.5% with a history of dependable payouts and substantial free cash flow generation.
Considerations
- Recent forecasts indicate a potential short-term price decline of around 2-6% through late 2025, reflecting some bearish sentiment.
- Profitability margins are modest with net margins near 7%, which may limit its earnings resilience amid volatile oil prices.
- The stock's payout ratio is relatively high (around 88%), which could raise concerns about the sustainability of its dividends if earnings decline.
Pros
- Canadian Natural Resources maintains a diversified asset base including North America, North Sea, and Offshore Africa, with significant exposure to oil sands.
- The company offers an attractive dividend yield above 5%, supported by steady earnings and a relatively low P/E ratio near 11.
- Market analysts show positive sentiment with price targets almost doubling current levels, indicating strong growth expectations.
Considerations
- Canadian Natural's stock recently slipped below its 200-day moving average, indicating technical weakness and possible short-term headwinds.
- Operations are exposed to the capital-intensive and environmentally scrutinized oil sands sector, which may face regulatory and cost pressures.
- Beta above 1 indicates higher stock price volatility relative to the market, which might increase investment risk in volatile energy markets.
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Chevron (CVX) Next Earnings Date
Chevron's most recent earnings for Q4 2025 were reported on January 30, 2026. The next earnings release, covering Q1 2026, is scheduled for May 1, 2026. This aligns with Chevron's historical quarterly reporting pattern in early May for the first quarter.
Canadian Natural (CNQ) Next Earnings Date
Canadian Natural Resources (CNQ) is estimated to report its next earnings for the Q4 2025 period around late February to early March 2026, with key estimates pointing to February 25-26 or March 5. The company has not yet confirmed the exact date, aligning with its historical pattern of early-year releases following year-end results. Investors should monitor for official announcements, as dates may shift slightly based on internal timelines.
Chevron (CVX) Next Earnings Date
Chevron's most recent earnings for Q4 2025 were reported on January 30, 2026. The next earnings release, covering Q1 2026, is scheduled for May 1, 2026. This aligns with Chevron's historical quarterly reporting pattern in early May for the first quarter.
Canadian Natural (CNQ) Next Earnings Date
Canadian Natural Resources (CNQ) is estimated to report its next earnings for the Q4 2025 period around late February to early March 2026, with key estimates pointing to February 25-26 or March 5. The company has not yet confirmed the exact date, aligning with its historical pattern of early-year releases following year-end results. Investors should monitor for official announcements, as dates may shift slightly based on internal timelines.
Which Baskets Do They Appear In?
Oil's Ascent
WTI crude oil prices have climbed to their highest levels since April, creating promising opportunities in the energy sector. These carefully selected stocks are positioned to benefit directly from sustained higher oil prices, giving you access to potential growth in this important market.
Published: July 1, 2025
Explore BasketWhich Baskets Do They Appear In?
Oil's Ascent
WTI crude oil prices have climbed to their highest levels since April, creating promising opportunities in the energy sector. These carefully selected stocks are positioned to benefit directly from sustained higher oil prices, giving you access to potential growth in this important market.
Published: July 1, 2025
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