Chevron Corp vs SUNOCO LP, two Oil & Gas Refining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Chevron earns 5.8% on equity in a weak integrated year; Sunoco, a fuel-distribution MLP, shows no clean equity return at all, its structure built for distributions rather than book returns. The comparison is a category error the sector tag imposes: a wells-to-pumps supermajor against a terminal-and-pipeline toll operator. Chevron nets 5.8% of revenue, Sunoco 3.1%, and Chevron pays a 4% dividend at 29.8 times earnings while Sunoco's 28.5% free-cash figure is MLP distribution mechanics. Chevron carries almost no debt; Sunoco's leverage is pass-through-standard. The pair prices a global integrated on its dividend aristocracy against an income vehicle on its yield; they share a downstream border and almost nothing else.
Comparison updated 2026-07-11.
| Metric | CVX | SUN |
|---|---|---|
| Price | $170.89 | $66.32 |
| Market cap | $339.4B | $3.4B |
| Sector | Oil & Gas Refining | Oil & Gas Refining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | +7.3% | +2.7% |
| P/E | 29.8 | — |
| P/B | 1.79 | — |
| P/S | 1.79 | 0.11 |
| EV/EBITDA | 15.8 | 2.3 |
| Revenue growth | -5.6% | +40.5% |
| Operating margin | — | 8.1% |
| Net margin | 5.8% | 3.1% |
| Return on equity | 5.8% | — |
| Return on assets | 3.3% | 3.2% |
| Return on invested capital | — | 9907.9% |
| FCF yield | 4.1% | 28.5% |
| Dividend yield | 4.0% | — |
| Debt / equity | 0.03 | — |
| Current ratio | 1.09 | 1.40 |
| Altman Z (solvency) | 2.91 | 1.28 |
| Piotroski F (quality) | 8 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.