Chevron vs TotalEnergies
Chevron and TotalEnergies are compared here to explore their business models, financial performance, and market context in a neutral way. The page outlines how each company approaches energy, capital allocation, and competitive landscape, helping readers understand relative strengths and challenges without guidance or recommendations. Educational content, not financial advice.
Chevron and TotalEnergies are compared here to explore their business models, financial performance, and market context in a neutral way. The page outlines how each company approaches energy, capital ...
Why It's Moving
Chevron rallies on solid cash return plan and steady production; investors weigh weaker near‑term margins
- Company announced it has earmarked $18 billion to $19 billion for consolidated subsidiaries’ capital and cash returns — a large, explicit cash-allocation range that reassures investors about near-term shareholder payouts and capital discipline.
- Latest quarterly results showed steady/record production levels, supporting cash generation that helps fund buybacks and dividends despite analysts’ downward revisions to near-term EPS estimates, implying operations remain resilient even as commodity-price-driven margins compress.
- Market reaction reflects a tug-of-war: upbeat cash-return clarity and production stability versus signs of slowing earnings growth, leaving sentiment mixed as investors price in a more defensive, cash-focused outlook.
TotalEnergies Launches Ordinary Shares on NYSE, Boosting U.S. Investor Access.
- Completed NYSE ordinary share listing on Dec. 8, replacing ADRs with a 1:1 conversion, streamlining global trading structure.
- Repurchased 2.77 million shares for €157 million between Dec. 1-5, signaling management's confidence in the stock's value.
- J.P. Morgan downgraded to Neutral on Dec. 5, yet analyst consensus points to potential upside from current levels.
Chevron rallies on solid cash return plan and steady production; investors weigh weaker near‑term margins
- Company announced it has earmarked $18 billion to $19 billion for consolidated subsidiaries’ capital and cash returns — a large, explicit cash-allocation range that reassures investors about near-term shareholder payouts and capital discipline.
- Latest quarterly results showed steady/record production levels, supporting cash generation that helps fund buybacks and dividends despite analysts’ downward revisions to near-term EPS estimates, implying operations remain resilient even as commodity-price-driven margins compress.
- Market reaction reflects a tug-of-war: upbeat cash-return clarity and production stability versus signs of slowing earnings growth, leaving sentiment mixed as investors price in a more defensive, cash-focused outlook.
TotalEnergies Launches Ordinary Shares on NYSE, Boosting U.S. Investor Access.
- Completed NYSE ordinary share listing on Dec. 8, replacing ADRs with a 1:1 conversion, streamlining global trading structure.
- Repurchased 2.77 million shares for €157 million between Dec. 1-5, signaling management's confidence in the stock's value.
- J.P. Morgan downgraded to Neutral on Dec. 5, yet analyst consensus points to potential upside from current levels.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
Brazilian Energy Exposure (Global Majors Only)
Brazil's offshore energy sector is expanding significantly, driven by major new investments and discoveries. This collection may offer exposure to this growth through the US and EU-listed international companies central to the nation's energy development.
Published: October 16, 2025
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As Nigeria pivots to leverage its vast natural gas reserves for economic growth, this resource is becoming central to its energy transition strategy. This basket offers potential exposure to globally-listed energy companies, infrastructure providers, and technology firms participating in this development.
Published: September 24, 2025
Explore BasketBlue Chip Stocks: Could Global Giants Offer Stability?
Amid economic uncertainty, many seek stable, long-term growth opportunities for wealth preservation. This basket offers exposure to some of the world's largest and most well-established US/EU-listed companies, often recognised for their market leadership.
Published: September 16, 2025
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Explore BasketInvestment Analysis
Chevron
CVX
Pros
- Chevron is trading significantly undervalued with a low price-to-free cash flow multiple around 16x, compared to its historical average near 30x.
- Strong correlation between stock price and book value with a projected fair valuation implying substantial upside from current levels near $130.
- Robust dividend yield near 4.5% with a total yield approaching 8.9%, supported by solid cash flow generation.
Considerations
- Chevron’s stock has experienced a maximum drawdown of about 55.77%, indicating susceptibility to significant price declines in volatile markets.
- The company faces commodity price volatility risks common in the oil and gas sector which can impact earnings unpredictably.
- Chevron’s growth and valuation multiples are lower compared to some peers, potentially limiting capital gains in a low-growth scenario.
Pros
- TotalEnergies offers an attractive valuation with a forward P/E of around 8x and EV/EBITDA near 3.8x, below historical averages indicating undervaluation.
- High return on average capital employed projected at 11.3% for 2025, above sector average, supporting efficient capital use and profitability.
- Strong dividend yield above 4.5% with a total distribution yield near 12%, underpinned by nearly five decades of consecutive dividend payments.
Considerations
- TotalEnergies’ stock shows higher volatility at 6.54% compared to Chevron’s 5.06%, implying greater price fluctuation risk.
- The company has experienced a larger maximum historical drawdown at nearly 60%, reflecting heightened downside risk in adverse conditions.
- Despite strong fundamentals, recent stock performance has been relatively weak, highlighting potential execution or market perception challenges.
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