Integrated oil Companies

Chevron Corporation vs ExxonMobil Holdings Corporation

Measured twinCVX / XOMPrices through Oct 22, 2026

Why these are rivals: #1 and #2 by market value ($733B vs $443B) in Nasdaq's "Integrated oil Companies" industry; SEC SIC 2911 / 2911 (same major group); #1 and #2 by market value ($733B vs $443B) with SEC SIC 2911 (Petroleum Refining).

The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.

  • no divergence: z = 0.33 (needs |z| >= 2.0)
Business leadership

Business size

Annual revenue reported to the SEC. Scale, not market share.

YearCVXXOMLarger
2025$189.0B--
2024$202.8B--
2023$200.9B--
2022$246.3B--
2021$162.5B--
2020$94.7B--

Market value: CVX $443.3B, XOM $733.1B.

Stock leadership

CVX is ahead now

Measured against the pair's own last 252 trading days.

CVX leads XOM by 0.33 standard deviations: +0.8% over its usual price ratio. 1 lead switch in the last year.

Price change3 mo6 mo12 mo
CVX+16.4%+20.8%+47.4%
XOM+13.6%+18.4%+58.1%
Relationship

The gap has closed before

Only these tests can make a pair tradable on paper.

Pass
Aligned sessions: 2521 (needs >= 254)
Pass
Co-movement: daily return correlation, 252 sessions: 0.84 (needs >= 0.60)
Pass
Mean reversion: ADF t-statistic of the spread: -3.49 (needs <= -2.873 (5% critical value))
Pass
Speed: half-life of the spread, sessions: 8.20 (needs <= 63)
Data
Both stocks current
The twins over two years

Prices side by side, and the gap between them

CVX Chevron Corporation XOM ExxonMobil Holdings CorporationPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
80100120140Oct 2024Oct 2025Oct 2026
Spread z-score: CVX relative to XOM, against the 252 sessions before each day. Above 0: CVX ahead; below 0: XOM ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateCVX indexXOM indexzAhead
2026-10-22150.37148.51+0.33near the usual relationship
2026-10-21150.43148.40+0.36near the usual relationship
2026-10-20149.72148.20+0.21near the usual relationship
2026-10-19148.84148.55-0.11near the usual relationship
2026-10-16149.25149.14-0.17near the usual relationship
2026-10-15145.49145.55-0.22near the usual relationship
2026-10-14147.29147.50-0.26near the usual relationship
2026-10-13144.43145.05-0.37near the usual relationship
2026-10-12142.62143.45-0.43near the usual relationship
2026-10-09140.62140.77-0.27near the usual relationship
2026-10-08140.33140.40-0.26near the usual relationship
2026-10-07136.09136.70-0.40near the usual relationship
2026-10-06137.70137.06-0.10near the usual relationship
2026-10-05136.96136.66-0.19near the usual relationship
2026-10-02137.11136.66-0.17near the usual relationship
2026-10-01137.38136.51-0.07near the usual relationship
2026-09-30135.46135.61-0.32near the usual relationship
2026-09-29135.58134.45-0.03near the usual relationship
2026-09-28136.90135.42+0.04near the usual relationship
2026-09-25135.62133.81+0.10near the usual relationship
2026-09-24136.42135.11-0.02near the usual relationship
2026-09-23136.33134.35+0.12near the usual relationship
2026-09-22134.27132.25+0.12near the usual relationship
2026-09-21135.10131.91+0.36near the usual relationship
2026-09-18138.98136.27+0.23near the usual relationship
2026-09-17140.34136.05+0.54CVX ahead
2026-09-16140.33136.09+0.51CVX ahead
2026-09-15144.46141.09+0.30near the usual relationship
2026-09-14140.74137.56+0.27near the usual relationship
2026-09-11142.00138.31+0.35near the usual relationship
2026-09-10141.13137.68+0.29near the usual relationship
2026-09-09141.83136.85+0.57CVX ahead
2026-09-08139.17133.87+0.63CVX ahead
2026-09-04138.37132.88+0.66CVX ahead
2026-09-03140.18135.16+0.54CVX ahead
2026-09-02140.48136.78+0.29near the usual relationship
2026-09-01140.00137.11+0.13near the usual relationship
2026-08-31136.74134.11+0.08near the usual relationship
2026-08-28133.90130.58+0.21near the usual relationship
2026-08-27132.52130.36-0.01near the usual relationship
2026-08-26132.81131.81-0.22near the usual relationship
2026-08-25132.60133.86-0.63XOM ahead
2026-08-24134.72136.70-0.75XOM ahead
2026-08-21136.17137.58-0.66XOM ahead
2026-08-20136.50138.45-0.75XOM ahead
2026-08-19136.49137.30-0.57XOM ahead
2026-08-18136.48137.96-0.68XOM ahead
2026-08-17134.46134.54-0.46near the usual relationship
2026-08-14132.67133.41-0.58XOM ahead
2026-08-13131.14132.16-0.63XOM ahead
2026-08-12130.41133.11-0.90XOM ahead
2026-08-11130.45133.16-0.90XOM ahead
2026-08-10129.29133.15-1.09XOM ahead
2026-08-07123.75127.52-1.11XOM ahead
2026-08-06125.53129.02-1.06XOM ahead
2026-08-05123.66126.35-0.95XOM ahead
2026-08-04126.30128.29-0.84XOM ahead
2026-08-03128.15129.21-0.70XOM ahead
2026-07-31130.57129.52-0.38near the usual relationship
2026-07-30127.57130.80-1.04XOM ahead
2026-07-29127.27130.61-1.07XOM ahead
2026-07-28124.43127.52-1.05XOM ahead
2026-07-27126.04128.96-1.02XOM ahead
2026-07-24129.21130.77-0.81XOM ahead
2026-07-23128.97130.73-0.85XOM ahead
2026-07-22128.01128.70-0.70XOM ahead
2026-07-21126.75126.41-0.55XOM ahead
2026-07-20125.84123.62-0.26near the usual relationship
2026-07-17124.30122.79-0.37near the usual relationship
2026-07-16121.96121.61-0.56XOM ahead
2026-07-15120.46120.41-0.61XOM ahead
2026-07-14120.57120.90-0.67XOM ahead
2026-07-13120.86120.41-0.55XOM ahead
2026-07-10117.01115.72-0.42near the usual relationship
2026-07-09115.46114.54-0.48near the usual relationship
2026-07-08116.73117.60-0.78XOM ahead
2026-07-07115.43118.07-1.08XOM ahead
2026-07-06111.51113.69-1.03XOM ahead
2026-07-02112.24114.23-1.00XOM ahead
2026-07-01109.91113.56-1.31XOM ahead
2026-06-30109.96113.92-1.37XOM ahead
2026-06-29111.75113.37-0.97XOM ahead
2026-06-26113.47113.77-0.74XOM ahead
2026-06-25114.26114.62-0.76XOM ahead
2026-06-24113.73114.07-0.76XOM ahead
2026-06-23116.74116.43-0.65XOM ahead
2026-06-22116.13115.38-0.58XOM ahead
2026-06-18115.18114.83-0.65XOM ahead
2026-06-17117.80117.27-0.62XOM ahead
2026-06-16119.48118.21-0.50XOM ahead
2026-06-15119.67117.42-0.34near the usual relationship
2026-06-12124.19122.50-0.45near the usual relationship
2026-06-11123.26122.16-0.55XOM ahead
2026-06-10125.90125.51-0.67XOM ahead
2026-06-09123.89124.08-0.77XOM ahead
2026-06-08125.53126.45-0.88XOM ahead
2026-06-05124.25124.92-0.85XOM ahead
2026-06-04124.94126.69-1.03XOM ahead
2026-06-03125.84127.10-0.96XOM ahead
2026-06-02124.41124.62-0.80XOM ahead
2026-06-01123.27124.47-0.97XOM ahead
2026-05-29121.03121.04-0.78XOM ahead
2026-05-28121.41122.46-0.96XOM ahead
2026-05-27121.00123.24-1.16XOM ahead
2026-05-26122.53124.83-1.17XOM ahead
2026-05-22126.99129.09-1.14XOM ahead
2026-05-21126.71129.40-1.24XOM ahead
2026-05-20126.92130.22-1.34XOM ahead
2026-05-19130.85135.45-1.53XOM ahead
2026-05-18130.10133.73-1.40XOM ahead
2026-05-15126.77131.59-1.62XOM ahead
2026-05-14123.81127.31-1.43XOM ahead
2026-05-13123.38126.30-1.35XOM ahead
2026-05-12123.35125.51-1.23XOM ahead
2026-05-11122.55124.72-1.25XOM ahead
2026-05-08120.48120.46-0.88XOM ahead
2026-05-07121.06122.14-1.07XOM ahead
2026-05-06122.83123.90-1.08XOM ahead
2026-05-05127.79129.06-1.11XOM ahead
2026-05-04127.55128.06-0.99XOM ahead
2026-05-01126.45127.28-1.05XOM ahead
2026-04-30128.23128.60-0.97XOM ahead
2026-04-29127.51128.88-1.14XOM ahead
2026-04-28124.95125.46-1.01XOM ahead
2026-04-27122.57123.48-1.08XOM ahead
2026-04-24122.86124.08-1.14XOM ahead
2026-04-23124.44125.43-1.10XOM ahead
2026-04-22123.60124.57-1.10XOM ahead
2026-04-21123.37123.62-0.98XOM ahead
2026-04-20121.56123.06-1.21XOM ahead
2026-04-17122.05122.02-0.95XOM ahead
2026-04-16124.81126.64-1.27XOM ahead
2026-04-15122.66124.16-1.23XOM ahead
2026-04-14124.06124.36-1.03XOM ahead
2026-04-13127.22127.19-0.98XOM ahead
2026-04-10125.07127.08-1.34XOM ahead
2026-04-09126.28129.19-1.50XOM ahead
2026-04-08127.95130.17-1.39XOM ahead
2026-04-07133.69136.58-1.49XOM ahead
2026-04-06131.91136.13-1.73XOM ahead
2026-04-02131.99133.90-1.37XOM ahead
2026-04-01130.95133.97-1.56XOM ahead
2026-03-31137.25141.37-1.73XOM ahead
2026-03-30139.77142.88-1.57XOM ahead
2026-03-27140.07142.48-1.48XOM ahead
2026-03-26137.84137.85-1.11XOM ahead
2026-03-25136.09136.04-1.11XOM ahead
2026-03-24137.17137.81-1.23XOM ahead
2026-03-23136.13134.26-0.84XOM ahead
2026-03-20133.82133.05-1.02XOM ahead
2026-03-19133.63131.79-0.85XOM ahead
2026-03-18131.75131.31-1.08XOM ahead
2026-03-17131.32132.33-1.33XOM ahead
2026-03-16130.57131.01-1.25XOM ahead
2026-03-13130.56130.09-1.11XOM ahead
2026-03-12130.66127.93-0.74XOM ahead
2026-03-11127.22126.31-1.04XOM ahead
2026-03-10123.58123.43-1.18XOM ahead
2026-03-09125.67125.36-1.16XOM ahead
2026-03-06126.00126.00-1.22XOM ahead
2026-03-05125.97125.62-1.17XOM ahead
2026-03-04123.40124.84-1.49XOM ahead
2026-03-03125.22126.51-1.47XOM ahead
2026-03-02125.77128.51-1.73XOM ahead
2026-02-27123.89127.07-1.83XOM ahead
2026-02-26122.16123.77-1.58XOM ahead
2026-02-25122.20124.21-1.66XOM ahead
2026-02-24122.95124.37-1.58XOM ahead
2026-02-23122.66125.62-1.86XOM ahead
2026-02-20122.01122.72-1.48XOM ahead
2026-02-19122.57125.80-1.94XOM ahead
2026-02-18121.97125.56-2.03XOM ahead
2026-02-17119.77121.81-1.78XOM ahead
2026-02-13121.88123.70-1.75XOM ahead
2026-02-12121.00124.93-2.15XOM ahead
2026-02-11123.26129.62-2.59XOM ahead
2026-02-10120.90126.31-2.49XOM ahead
2026-02-09121.13126.00-2.43XOM ahead
2026-02-06119.97124.20-2.35XOM ahead
2026-02-05118.89121.72-2.13XOM ahead
2026-02-04120.22122.98-2.14XOM ahead
2026-02-03118.10119.77-1.96XOM ahead
2026-02-02115.44115.32-1.62XOM ahead
2026-01-30117.35117.82-1.76XOM ahead
2026-01-29113.56117.08-2.41XOM ahead
2026-01-28112.72114.64-2.11XOM ahead
2026-01-27112.14114.02-2.13XOM ahead
2026-01-26111.11112.36-2.02XOM ahead
2026-01-23110.59112.47-2.18XOM ahead
2026-01-22110.55111.36-1.97XOM ahead
2026-01-21110.60111.33-1.98XOM ahead
2026-01-20109.65108.71-1.62XOM ahead
2026-01-16110.29108.23-1.39XOM ahead
2026-01-15110.22107.60-1.27XOM ahead
2026-01-14110.94108.49-1.32XOM ahead
2026-01-13108.70105.44-1.13XOM ahead
2026-01-12107.69103.35-0.88XOM ahead
2026-01-09107.54103.83-1.04XOM ahead
2026-01-08105.64102.42-1.14XOM ahead
2026-01-07102.9598.73-0.88XOM ahead
2026-01-06103.84100.87-1.20XOM ahead
2026-01-05108.69104.46-0.95XOM ahead
2026-01-02103.42102.20-1.65XOM ahead
2025-12-31101.10100.27-1.76XOM ahead
2025-12-30101.03100.82-1.93XOM ahead
2025-12-29100.16100.43-2.07XOM ahead
2025-12-2699.5299.25-1.96XOM ahead
2025-12-2499.8399.34-1.92XOM ahead
2025-12-2399.8499.51-1.98XOM ahead
2025-12-2299.3798.45-1.85XOM ahead
2025-12-1998.0197.23-1.91XOM ahead
2025-12-1897.9797.11-1.90XOM ahead
2025-12-1799.1897.83-1.79XOM ahead
2025-12-1697.3595.56-1.68XOM ahead
2025-12-1599.3798.13-1.86XOM ahead
2025-12-1299.5099.01-2.10XOM ahead
2025-12-1199.9899.61-2.16XOM ahead
2025-12-10100.4499.61-2.06XOM ahead
2025-12-0998.5098.53-2.33XOM ahead
2025-12-0898.6596.64-1.77XOM ahead
2025-12-0599.5097.11-1.68XOM ahead
2025-12-04101.0097.61-1.41XOM ahead
2025-12-03100.5698.16-1.72XOM ahead
2025-12-0299.6796.14-1.39XOM ahead
2025-12-01101.1997.18-1.28XOM ahead
2025-11-28100.2596.59-1.37XOM ahead
2025-11-2699.1895.63-1.40XOM ahead
2025-11-2598.5395.42-1.53XOM ahead
2025-11-2499.3496.63-1.68XOM ahead
2025-11-2199.4997.56-1.93XOM ahead
2025-11-2099.7197.51-1.86XOM ahead
2025-11-19100.6397.78-1.69XOM ahead
2025-11-18101.9099.18-1.75XOM ahead
2025-11-17102.7098.06-1.18XOM ahead
2025-11-14104.5699.40-1.04XOM ahead
2025-11-13103.2098.98-1.30XOM ahead
2025-11-12101.7098.43-1.57XOM ahead
2025-11-11103.6499.81-1.42XOM ahead
2025-11-10103.2598.51-1.14XOM ahead
2025-11-07102.8397.68-1.00XOM ahead
2025-11-06101.4595.41-0.71XOM ahead
2025-11-05101.2794.73-0.55XOM ahead
2025-11-04101.7595.11-0.52XOM ahead
2025-11-03102.1894.79-0.29near the usual relationship
2025-10-31104.6295.29+0.24near the usual relationship
2025-10-30101.8495.57-0.59XOM ahead
2025-10-29102.8997.03-0.72XOM ahead
2025-10-28102.2495.85-0.54XOM ahead
2025-10-27103.0096.61-0.54XOM ahead
2025-10-24103.1996.15-0.35near the usual relationship
2025-10-23103.8596.64-0.30near the usual relationship
2025-10-22103.2095.58-0.17near the usual relationship
2025-10-21102.0293.92+0.00near the usual relationship
2025-10-20102.4793.91+0.13near the usual relationship
2025-10-17101.5593.53+0.01near the usual relationship
2025-10-16100.6492.19+0.16near the usual relationship
2025-10-15100.9093.00+0.02near the usual relationship
2025-10-14101.0993.57-0.08near the usual relationship
2025-10-13100.7993.53-0.13near the usual relationship
2025-10-1098.7792.27-0.28near the usual relationship
2025-10-09100.5994.08-0.29near the usual relationship
2025-10-08101.9895.01-0.19near the usual relationship
2025-10-07102.7695.21-0.05near the usual relationship
2025-10-06102.1795.16-0.16near the usual relationship
2025-10-03101.8694.38-0.03near the usual relationship
2025-10-02101.7492.73+0.34near the usual relationship
2025-10-01102.5493.32+0.38near the usual relationship
2025-09-30103.0193.95+0.34near the usual relationship
2025-09-29103.5595.18+0.17near the usual relationship
2025-09-26106.2497.68+0.17near the usual relationship
2025-09-25106.6196.32+0.56CVX ahead
2025-09-24105.5995.46+0.55CVX ahead
2025-09-23104.4294.95+0.44near the usual relationship
2025-09-22103.5293.34+0.62CVX ahead
2025-09-19103.6294.01+0.50CVX ahead
2025-09-18105.3794.93+0.65CVX ahead
2025-09-17106.2096.07+0.57CVX ahead
2025-09-16105.8395.56+0.62CVX ahead
2025-09-15104.3593.62+0.76CVX ahead
2025-09-12104.2293.46+0.77CVX ahead
2025-09-11104.9893.44+0.94CVX ahead
2025-09-10104.6793.74+0.81CVX ahead
2025-09-09102.7292.20+0.77CVX ahead
2025-09-08102.1691.53+0.82CVX ahead
2025-09-05101.9391.02+0.89CVX ahead
2025-09-04104.6093.66+0.85CVX ahead
2025-09-03104.8593.25+0.99CVX ahead
2025-09-02107.3595.57+0.98CVX ahead
2025-08-29106.5395.23+0.90CVX ahead
2025-08-28105.6894.45+0.91CVX ahead
2025-08-27105.6393.95+1.02CVX ahead
2025-08-26104.3892.90+1.01CVX ahead
2025-08-25104.9493.11+1.08CVX ahead
2025-08-22104.9392.73+1.17CVX ahead
2025-08-21103.1891.02+1.22CVX ahead
2025-08-20101.6490.43+1.05CVX ahead
2025-08-19100.8389.51+1.11CVX ahead
2025-08-18103.0388.93+1.68CVX ahead
2025-08-15103.8588.73+1.90CVX ahead
2025-08-14102.9389.48+1.56CVX ahead
2025-08-13103.4089.66+1.63CVX ahead
2025-08-12102.4588.43+1.73CVX ahead
2025-08-11101.7988.18+1.67CVX ahead
2025-08-08102.8388.99+1.71CVX ahead
2025-08-07101.6088.28+1.64CVX ahead
2025-08-06101.3588.75+1.50CVX ahead
2025-08-05101.5289.36+1.41CVX ahead
2025-08-04100.1989.47+1.13CVX ahead
2025-08-01100.4391.36+0.75CVX ahead
2025-07-31100.5993.03+0.42near the usual relationship
2025-07-30101.8693.24+0.63CVX ahead
2025-07-29104.1794.06+0.91CVX ahead
2025-07-28103.6792.86+1.08CVX ahead
2025-07-25102.7191.99+1.09CVX ahead
2025-07-24103.3792.32+1.15CVX ahead
2025-07-23101.5791.60+0.95CVX ahead
2025-07-2299.5390.44+0.80CVX ahead
2025-07-2199.2990.03+0.84CVX ahead
2025-07-1899.5389.80+0.95CVX ahead
2025-07-17100.4293.04+0.40near the usual relationship
2025-07-1699.4593.52+0.10near the usual relationship
2025-07-1599.9694.08+0.08near the usual relationship
2025-07-14100.6094.93+0.02near the usual relationship
2025-07-11103.0296.18+0.24near the usual relationship
2025-07-10102.2795.77+0.17near the usual relationship
2025-07-09101.5194.83+0.22near the usual relationship
2025-07-08101.6595.15+0.18near the usual relationship
2025-07-0797.7892.58-0.06near the usual relationship
2025-07-0398.4293.49-0.13near the usual relationship
2025-07-0298.1692.53+0.03near the usual relationship
2025-07-0196.5691.03+0.03near the usual relationship
2025-06-3094.9989.83-0.04near the usual relationship
2025-06-2795.3891.14-0.26near the usual relationship
2025-06-2695.8191.65-0.28near the usual relationship
2025-06-2595.0190.30-0.16near the usual relationship
2025-06-2495.2290.28-0.11near the usual relationship
2025-06-2397.4293.11-0.28near the usual relationship
2025-06-2099.2095.58-0.45near the usual relationship
2025-06-1898.3094.32-0.37near the usual relationship
2025-06-1798.7494.99-0.43near the usual relationship
2025-06-1696.8793.73-0.54XOM ahead
2025-06-1396.7993.43-0.50XOM ahead
2025-06-1296.1791.43-0.20near the usual relationship
2025-06-1196.0491.08-0.16near the usual relationship
2025-06-1095.0989.34+0.03near the usual relationship
2025-06-0993.3787.47+0.09near the usual relationship
2025-06-0693.0186.88+0.14near the usual relationship
2025-06-0590.8184.85+0.13near the usual relationship
2025-06-0491.1285.24+0.11near the usual relationship
2025-06-0392.5786.49+0.13near the usual relationship
2025-06-0291.4485.87+0.03near the usual relationship
2025-05-3090.6885.24+0.00near the usual relationship
2025-05-2991.4885.57+0.10near the usual relationship
2025-05-2890.2385.08-0.07near the usual relationship
2025-05-2791.4386.26-0.08near the usual relationship
2025-05-2390.5785.85-0.17near the usual relationship
2025-05-2289.7485.80-0.34near the usual relationship
2025-05-2189.9286.38-0.44near the usual relationship
2025-05-2091.0687.45-0.44near the usual relationship
2025-05-1991.8788.72-0.55XOM ahead
2025-05-1694.2690.15-0.37near the usual relationship
2025-05-1594.3790.48-0.42near the usual relationship
2025-05-1493.9890.39-0.49near the usual relationship
2025-05-1394.4391.21-0.58XOM ahead
2025-05-1293.9490.96-0.63XOM ahead
2025-05-0991.8789.42-0.74XOM ahead
2025-05-0890.9188.38-0.72XOM ahead
2025-05-0790.0887.17-0.64XOM ahead
2025-05-0689.9587.25-0.69XOM ahead
2025-05-0589.8886.05-0.43near the usual relationship
2025-05-0291.8788.50-0.56XOM ahead
2025-05-0190.3988.14-0.81XOM ahead
2025-04-3090.2688.02-0.81XOM ahead
2025-04-2992.4090.29-0.86XOM ahead
2025-04-2892.9490.52-0.80XOM ahead
2025-04-2592.0390.47-0.99XOM ahead
2025-04-2492.2590.52-0.96XOM ahead
2025-04-2390.6789.47-1.07XOM ahead
2025-04-2291.0890.24-1.16XOM ahead
2025-04-2188.7187.78-1.14XOM ahead
2025-04-1791.4689.09-0.83XOM ahead
2025-04-1689.7986.82-0.68XOM ahead
2025-04-1589.2585.91-0.60XOM ahead
2025-04-1489.7686.15-0.54XOM ahead
2025-04-1189.9785.94-0.44near the usual relationship
2025-04-1089.5483.27+0.09near the usual relationship
2025-04-0996.8788.16+0.53CVX ahead
2025-04-0890.8383.97+0.22near the usual relationship
2025-04-0792.9785.78+0.26near the usual relationship
2025-04-0495.0486.94+0.43near the usual relationship
2025-04-03103.5693.68+0.66CVX ahead
2025-04-02110.4398.88+0.87CVX ahead
2025-04-01111.7899.19+1.05CVX ahead
2025-03-31110.9799.10+0.93CVX ahead
2025-03-28110.1898.10+0.99CVX ahead
2025-03-27110.5598.23+1.04CVX ahead
2025-03-26111.4298.55+1.14CVX ahead
2025-03-25110.0897.15+1.19CVX ahead
2025-03-24109.4796.49+1.22CVX ahead
2025-03-21109.2996.24+1.25CVX ahead
2025-03-20109.3096.58+1.18CVX ahead
2025-03-19108.8296.17+1.18CVX ahead
2025-03-18106.6794.69+1.09CVX ahead
2025-03-17105.2994.79+0.80CVX ahead
2025-03-14104.1693.24+0.92CVX ahead
2025-03-13101.9090.55+1.07CVX ahead
2025-03-12101.2790.93+0.86CVX ahead
2025-03-11102.2190.96+1.05CVX ahead
2025-03-10104.5293.16+1.02CVX ahead
2025-03-07103.7190.84+1.38CVX ahead
2025-03-06101.4689.68+1.19CVX ahead
2025-03-05100.0487.86+1.32CVX ahead
2025-03-04100.8389.61+1.07CVX ahead
2025-03-03101.5589.79+1.17CVX ahead
2025-02-28105.2292.77+1.22CVX ahead
2025-02-27103.9391.78+1.18CVX ahead
2025-02-26102.9191.21+1.10CVX ahead
2025-02-25103.7691.43+1.20CVX ahead
2025-02-24104.7492.72+1.10CVX ahead
2025-02-21104.0992.23+1.07CVX ahead
2025-02-20105.3393.33+1.06CVX ahead
2025-02-19104.3091.91+1.16CVX ahead
2025-02-18103.5991.78+1.04CVX ahead
2025-02-14103.0490.19+1.27CVX ahead
2025-02-13103.4090.10+1.35CVX ahead
2025-02-12102.7589.45+1.36CVX ahead
2025-02-11104.4493.05+0.91CVX ahead
2025-02-10103.3392.47+0.81CVX ahead
2025-02-07101.2490.73+0.78CVX ahead
2025-02-06100.7690.35+0.76CVX ahead
2025-02-05101.4991.56+0.63CVX ahead
2025-02-04101.6491.63+0.64CVX ahead
2025-02-0399.0689.23+0.65CVX ahead
2025-01-3198.9789.02+0.68CVX ahead
2025-01-30103.6991.30+1.07CVX ahead
2025-01-29103.2890.55+1.15CVX ahead
2025-01-28103.6290.03+1.31CVX ahead
2025-01-27104.3091.80+1.07CVX ahead
2025-01-24103.2590.54+1.14CVX ahead
2025-01-23103.4991.78+0.92CVX ahead
2025-01-22103.7591.27+1.07CVX ahead
2025-01-21104.9792.88+0.95CVX ahead
2025-01-17107.1193.59+1.18CVX ahead
2025-01-16105.7292.76+1.10CVX ahead
2025-01-15105.0392.92+0.94CVX ahead
2025-01-14104.0891.43+1.07CVX ahead
2025-01-13103.0591.07+0.95CVX ahead
2025-01-10101.5988.78+1.15CVX ahead
2025-01-0899.7089.10+0.74CVX ahead
2025-01-0799.2390.62+0.35near the usual relationship
2025-01-0697.6889.78+0.23near the usual relationship
2025-01-0398.0889.88+0.27near the usual relationship
2025-01-0297.3289.42+0.22near the usual relationship
2024-12-3196.0889.63-0.05near the usual relationship
2024-12-3094.9188.13+0.02near the usual relationship
2024-12-2795.5288.73+0.01near the usual relationship
2024-12-2695.5188.73+0.00near the usual relationship
2024-12-2495.4288.66-0.01near the usual relationship
2024-12-2394.8488.58-0.10near the usual relationship
2024-12-2094.7688.22-0.06near the usual relationship
2024-12-1993.6387.92-0.21near the usual relationship
2024-12-1895.5888.68-0.01near the usual relationship
2024-12-1798.2590.00+0.20near the usual relationship
2024-12-1699.0890.38+0.26near the usual relationship
2024-12-13102.0792.36+0.39near the usual relationship
2024-12-12102.6393.18+0.33near the usual relationship
2024-12-11103.6293.26+0.48near the usual relationship
2024-12-10104.1593.88+0.44near the usual relationship
2024-12-09104.2094.08+0.42near the usual relationship
2024-12-06102.9894.63+0.12near the usual relationship
2024-12-05105.6995.64+0.37near the usual relationship
2024-12-04105.0295.23+0.34near the usual relationship
2024-12-03107.4198.05+0.23near the usual relationship
2024-12-02107.6098.20+0.23near the usual relationship
2024-11-29107.4298.29+0.18near the usual relationship
2024-11-27107.5498.04+0.24near the usual relationship
2024-11-26107.8198.30+0.24near the usual relationship
2024-11-25106.3799.97-0.26near the usual relationship
2024-11-22107.70101.48-0.30near the usual relationship
2024-11-21107.22101.60-0.40near the usual relationship
2024-11-20107.02100.26-0.21near the usual relationship
2024-11-19105.8798.85-0.16near the usual relationship
2024-11-18106.64100.25-0.27near the usual relationship
2024-11-15107.0899.42-0.07near the usual relationship
2024-11-14107.33100.46-0.21near the usual relationship
2024-11-13105.29101.22-0.65XOM ahead
2024-11-12103.01100.28-0.86XOM ahead
2024-11-11103.81100.38-0.75XOM ahead
2024-11-08104.10100.92-0.80XOM ahead
2024-11-07103.99100.95-0.83XOM ahead
2024-11-06104.62100.82-0.71XOM ahead
2024-11-05101.7699.13-0.89XOM ahead
2024-11-04102.1498.83-0.79XOM ahead
2024-11-01101.5495.78-0.37near the usual relationship
2024-10-3198.7297.31-1.10XOM ahead
2024-10-3098.2197.23-1.19XOM ahead
2024-10-2998.5297.73-1.23XOM ahead
2024-10-2899.8699.08-1.24XOM ahead
2024-10-25100.0499.57-1.30XOM ahead
2024-10-2499.8099.65-1.37XOM ahead
2024-10-2399.82100.22-1.47XOM ahead
2024-10-22100.11100.57-1.50XOM ahead
2024-10-21100.09100.06-1.42XOM ahead
2024-10-18100.00100.00-1.44XOM ahead

One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 1, 2024 (CVX +2.9%, XOM -1.6%). Upcoming earnings: CVX Oct 30, 2026 (pre-market); XOM Oct 30, 2026 (pre-market).

Paired trades

The shared paper book and the replay, kept apart

Forward paper record

No paper position on this pair yet.

Historical simulation (a diagnostic, same rules)

No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.

Per $10,000 a leg. A replay on today's companies cannot prove an edge.

The companies

CVX and XOM at a glance

CVX Chevron Corporation

Listing
NYSE · SEC CIK 93410
Industry
Integrated oil Companies · SIC 2911 Petroleum Refining
Market value
$443.3B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

XOM ExxonMobil Holdings Corporation

Listing
NYSE · SEC CIK 2115436
Industry
Integrated oil Companies · SIC 2911 Petroleum Refining
Market value
$733.1B
Price history
2,521 daily closes, Oct 12, 2016 to Oct 22, 2026

Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.

Related
All pairs →
PairStatusAhead nowIndustry
XOM / COPWatchlistCOP by 1.36 sdIntegrated oil Companies
CVX / COPWatchlistCOP by 0.99 sdIntegrated oil Companies

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Paper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.