ConocoPhillips vs Chevron Corporation
Measured twinCOP / CVXPrices through Nov 10, 2026
Why these are rivals: #2 and #3 by market value ($445B vs $173B) in Nasdaq's "Integrated oil Companies" industry; SEC SIC 2911 / 2911 (same major group); #2 and #3 by market value ($445B vs $173B) 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 = 0.90 (needs |z| >= 2.0)
Business leadership
CVX is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | COP | CVX | Larger |
|---|---|---|---|
| 2025 | $58.9B | $189.0B | CVX |
| 2024 | $54.7B | $202.8B | CVX |
| 2023 | $56.1B | $200.9B | CVX |
| 2022 | $78.5B | $246.3B | CVX |
| 2021 | $45.8B | $162.5B | CVX |
| 2020 | $18.8B | $94.7B | CVX |
CVX led in every year with figures for both. Market value: COP $173.5B, CVX $445.1B.
Stock leadership
COP is ahead now
Measured against the pair's own last 252 trading days.
COP leads CVX by 0.90 standard deviations: +3.1% over its usual price ratio. 3 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| COP | +6.5% | +15.0% | +56.2% |
| CVX | +7.4% | +13.6% | +36.3% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2533 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.84 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.10 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 10.11 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
COP ConocoPhillips CVX Chevron CorporationPrice index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: COP relative to CVX, against the 252 sessions before each day. Above 0: COP ahead; below 0: CVX ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | COP index | CVX index | z | Ahead |
|---|---|---|---|---|
| 2026-11-10 | 119.33 | 133.92 | +0.90 | COP ahead |
| 2026-11-09 | 118.34 | 133.64 | +0.72 | COP ahead |
| 2026-11-06 | 119.92 | 134.80 | +0.86 | COP ahead |
| 2026-11-05 | 119.21 | 135.01 | +0.65 | COP ahead |
| 2026-11-04 | 120.51 | 137.56 | +0.44 | near the usual relationship |
| 2026-11-03 | 127.08 | 142.83 | +0.87 | COP ahead |
| 2026-11-02 | 129.23 | 144.41 | +1.03 | COP ahead |
| 2026-10-30 | 135.55 | 149.33 | +1.43 | COP ahead |
| 2026-10-29 | 132.03 | 146.75 | +1.19 | COP ahead |
| 2026-10-28 | 131.18 | 145.32 | +1.29 | COP ahead |
| 2026-10-27 | 130.21 | 144.71 | +1.21 | COP ahead |
| 2026-10-26 | 133.21 | 147.10 | +1.38 | COP ahead |
| 2026-10-23 | 132.71 | 147.86 | +1.15 | COP ahead |
| 2026-10-22 | 128.16 | 143.72 | +0.99 | COP ahead |
| 2026-10-21 | 128.20 | 143.79 | +0.99 | COP ahead |
| 2026-10-20 | 128.44 | 143.11 | +1.16 | COP ahead |
| 2026-10-19 | 127.82 | 142.26 | +1.19 | COP ahead |
| 2026-10-16 | 128.94 | 142.65 | +1.35 | COP ahead |
| 2026-10-15 | 124.73 | 139.06 | +1.17 | COP ahead |
| 2026-10-14 | 125.27 | 140.78 | +0.97 | COP ahead |
| 2026-10-13 | 124.00 | 138.05 | +1.22 | COP ahead |
| 2026-10-12 | 121.06 | 136.32 | +0.94 | COP ahead |
| 2026-10-09 | 118.01 | 134.40 | +0.66 | COP ahead |
| 2026-10-08 | 118.09 | 134.13 | +0.73 | COP ahead |
| 2026-10-07 | 114.27 | 130.07 | +0.68 | COP ahead |
| 2026-10-06 | 113.83 | 131.61 | +0.29 | near the usual relationship |
| 2026-10-05 | 113.00 | 130.91 | +0.24 | near the usual relationship |
| 2026-10-02 | 111.55 | 131.05 | -0.11 | near the usual relationship |
| 2026-10-01 | 111.82 | 131.31 | -0.10 | near the usual relationship |
| 2026-09-30 | 110.14 | 129.48 | -0.12 | near the usual relationship |
| 2026-09-29 | 110.39 | 129.58 | -0.09 | near the usual relationship |
| 2026-09-28 | 110.92 | 130.85 | -0.21 | near the usual relationship |
| 2026-09-25 | 112.03 | 129.63 | +0.28 | near the usual relationship |
| 2026-09-24 | 113.83 | 130.39 | +0.54 | COP ahead |
| 2026-09-23 | 112.73 | 130.30 | +0.31 | near the usual relationship |
| 2026-09-22 | 110.24 | 128.34 | +0.14 | near the usual relationship |
| 2026-09-21 | 112.23 | 129.13 | +0.44 | near the usual relationship |
| 2026-09-18 | 116.02 | 132.84 | +0.57 | COP ahead |
| 2026-09-17 | 117.21 | 134.14 | +0.58 | COP ahead |
| 2026-09-16 | 116.64 | 134.12 | +0.47 | near the usual relationship |
| 2026-09-15 | 124.28 | 138.07 | +1.34 | COP ahead |
| 2026-09-14 | 120.28 | 134.52 | +1.18 | COP ahead |
| 2026-09-11 | 120.87 | 135.72 | +1.09 | COP ahead |
| 2026-09-10 | 120.60 | 134.90 | +1.20 | COP ahead |
| 2026-09-09 | 120.15 | 135.56 | +0.99 | COP ahead |
| 2026-09-08 | 118.84 | 133.02 | +1.20 | COP ahead |
| 2026-09-04 | 118.16 | 132.26 | +1.20 | COP ahead |
| 2026-09-03 | 119.44 | 133.98 | +1.16 | COP ahead |
| 2026-09-02 | 120.74 | 134.28 | +1.39 | COP ahead |
| 2026-09-01 | 119.85 | 133.81 | +1.30 | COP ahead |
| 2026-08-31 | 116.60 | 130.70 | +1.20 | COP ahead |
| 2026-08-28 | 114.71 | 127.99 | +1.33 | COP ahead |
| 2026-08-27 | 113.98 | 126.66 | +1.44 | COP ahead |
| 2026-08-26 | 114.94 | 126.94 | +1.62 | COP ahead |
| 2026-08-25 | 116.03 | 126.74 | +1.92 | COP ahead |
| 2026-08-24 | 117.35 | 128.77 | +1.82 | COP ahead |
| 2026-08-21 | 118.69 | 130.15 | +1.86 | COP ahead |
| 2026-08-20 | 118.71 | 130.47 | +1.82 | COP ahead |
| 2026-08-19 | 114.92 | 130.46 | +0.97 | COP ahead |
| 2026-08-18 | 114.16 | 130.45 | +0.80 | COP ahead |
| 2026-08-17 | 112.26 | 128.52 | +0.75 | COP ahead |
| 2026-08-14 | 111.57 | 126.81 | +0.95 | COP ahead |
| 2026-08-13 | 109.58 | 125.35 | +0.78 | COP ahead |
| 2026-08-12 | 112.03 | 124.65 | +1.53 | COP ahead |
| 2026-08-11 | 110.82 | 124.69 | +1.24 | COP ahead |
| 2026-08-10 | 108.27 | 123.58 | +0.87 | COP ahead |
| 2026-08-07 | 103.50 | 118.29 | +0.84 | COP ahead |
| 2026-08-06 | 102.75 | 119.98 | +0.26 | near the usual relationship |
| 2026-08-05 | 101.24 | 118.19 | +0.27 | near the usual relationship |
| 2026-08-04 | 103.79 | 120.72 | +0.37 | near the usual relationship |
| 2026-08-03 | 104.87 | 122.48 | +0.25 | near the usual relationship |
| 2026-07-31 | 106.03 | 124.80 | +0.04 | near the usual relationship |
| 2026-07-30 | 104.75 | 121.93 | +0.34 | near the usual relationship |
| 2026-07-29 | 103.90 | 121.65 | +0.18 | near the usual relationship |
| 2026-07-28 | 100.41 | 118.93 | -0.13 | near the usual relationship |
| 2026-07-27 | 101.72 | 120.47 | -0.13 | near the usual relationship |
| 2026-07-24 | 105.83 | 123.50 | +0.27 | near the usual relationship |
| 2026-07-23 | 105.78 | 123.27 | +0.31 | near the usual relationship |
| 2026-07-22 | 104.54 | 122.36 | +0.19 | near the usual relationship |
| 2026-07-21 | 103.41 | 121.15 | +0.17 | near the usual relationship |
| 2026-07-20 | 101.80 | 120.28 | -0.06 | near the usual relationship |
| 2026-07-17 | 100.95 | 118.81 | +0.04 | near the usual relationship |
| 2026-07-16 | 99.30 | 116.57 | +0.11 | near the usual relationship |
| 2026-07-15 | 98.09 | 115.14 | +0.11 | near the usual relationship |
| 2026-07-14 | 98.45 | 115.24 | +0.19 | near the usual relationship |
| 2026-07-13 | 99.31 | 115.52 | +0.36 | near the usual relationship |
| 2026-07-10 | 95.96 | 111.84 | +0.30 | near the usual relationship |
| 2026-07-09 | 95.06 | 110.35 | +0.41 | near the usual relationship |
| 2026-07-08 | 97.44 | 111.57 | +0.78 | COP ahead |
| 2026-07-07 | 95.43 | 110.33 | +0.52 | COP ahead |
| 2026-07-06 | 91.16 | 106.58 | +0.21 | near the usual relationship |
| 2026-07-02 | 92.17 | 107.28 | +0.33 | near the usual relationship |
| 2026-07-01 | 90.84 | 105.05 | +0.50 | COP ahead |
| 2026-06-30 | 91.49 | 105.10 | +0.68 | COP ahead |
| 2026-06-29 | 91.70 | 106.82 | +0.31 | near the usual relationship |
| 2026-06-26 | 93.25 | 108.46 | +0.35 | near the usual relationship |
| 2026-06-25 | 93.65 | 109.21 | +0.27 | near the usual relationship |
| 2026-06-24 | 94.09 | 108.71 | +0.52 | COP ahead |
| 2026-06-23 | 96.78 | 111.58 | +0.58 | COP ahead |
| 2026-06-22 | 96.54 | 110.99 | +0.65 | COP ahead |
| 2026-06-18 | 94.82 | 110.09 | +0.38 | near the usual relationship |
| 2026-06-17 | 97.87 | 112.59 | +0.62 | COP ahead |
| 2026-06-16 | 97.98 | 114.20 | +0.27 | near the usual relationship |
| 2026-06-15 | 98.79 | 114.38 | +0.43 | near the usual relationship |
| 2026-06-12 | 102.95 | 118.70 | +0.53 | COP ahead |
| 2026-06-11 | 101.52 | 117.82 | +0.36 | near the usual relationship |
| 2026-06-10 | 105.54 | 120.34 | +0.82 | COP ahead |
| 2026-06-09 | 102.78 | 118.41 | +0.55 | COP ahead |
| 2026-06-08 | 104.63 | 119.98 | +0.67 | COP ahead |
| 2026-06-05 | 103.09 | 118.76 | +0.56 | COP ahead |
| 2026-06-04 | 104.93 | 119.42 | +0.87 | COP ahead |
| 2026-06-03 | 104.77 | 120.28 | +0.65 | COP ahead |
| 2026-06-02 | 102.85 | 118.91 | +0.46 | near the usual relationship |
| 2026-06-01 | 101.72 | 117.82 | +0.42 | near the usual relationship |
| 2026-05-29 | 100.31 | 115.69 | +0.53 | COP ahead |
| 2026-05-28 | 101.20 | 116.05 | +0.68 | COP ahead |
| 2026-05-27 | 101.32 | 115.65 | +0.80 | COP ahead |
| 2026-05-26 | 102.59 | 117.11 | +0.79 | COP ahead |
| 2026-05-22 | 106.01 | 121.37 | +0.72 | COP ahead |
| 2026-05-21 | 106.09 | 121.11 | +0.78 | COP ahead |
| 2026-05-20 | 107.68 | 121.31 | +1.12 | COP ahead |
| 2026-05-19 | 110.10 | 125.06 | +0.90 | COP ahead |
| 2026-05-18 | 109.60 | 124.35 | +0.93 | COP ahead |
| 2026-05-15 | 107.73 | 121.16 | +1.14 | COP ahead |
| 2026-05-14 | 104.70 | 118.34 | +1.01 | COP ahead |
| 2026-05-13 | 103.32 | 117.93 | +0.75 | COP ahead |
| 2026-05-12 | 103.73 | 117.90 | +0.86 | COP ahead |
| 2026-05-11 | 101.69 | 117.13 | +0.52 | COP ahead |
| 2026-05-08 | 100.21 | 115.15 | +0.57 | COP ahead |
| 2026-05-07 | 101.10 | 115.71 | +0.67 | COP ahead |
| 2026-05-06 | 104.64 | 117.40 | +1.16 | COP ahead |
| 2026-05-05 | 108.53 | 122.14 | +1.08 | COP ahead |
| 2026-05-04 | 109.93 | 121.91 | +1.43 | COP ahead |
| 2026-05-01 | 108.41 | 120.87 | +1.30 | COP ahead |
| 2026-04-30 | 110.69 | 122.57 | +1.47 | COP ahead |
| 2026-04-29 | 112.87 | 121.87 | +2.08 | COP ahead |
| 2026-04-28 | 109.41 | 119.43 | +1.82 | COP ahead |
| 2026-04-27 | 107.08 | 117.16 | +1.76 | COP ahead |
| 2026-04-24 | 107.15 | 117.43 | +1.72 | COP ahead |
| 2026-04-23 | 109.45 | 118.94 | +1.93 | COP ahead |
| 2026-04-22 | 107.89 | 118.13 | +1.75 | COP ahead |
| 2026-04-21 | 105.83 | 117.92 | +1.32 | COP ahead |
| 2026-04-20 | 102.48 | 116.19 | +0.89 | COP ahead |
| 2026-04-17 | 102.12 | 116.66 | +0.70 | COP ahead |
| 2026-04-16 | 106.99 | 119.29 | +1.30 | COP ahead |
| 2026-04-15 | 104.66 | 117.24 | +1.19 | COP ahead |
| 2026-04-14 | 104.54 | 118.58 | +0.88 | COP ahead |
| 2026-04-13 | 108.79 | 121.60 | +1.25 | COP ahead |
| 2026-04-10 | 107.85 | 119.55 | +1.47 | COP ahead |
| 2026-04-09 | 108.66 | 120.69 | +1.43 | COP ahead |
| 2026-04-08 | 110.20 | 122.30 | +1.47 | COP ahead |
| 2026-04-07 | 115.96 | 127.78 | +1.66 | COP ahead |
| 2026-04-06 | 115.85 | 126.08 | +1.99 | COP ahead |
| 2026-04-02 | 114.86 | 126.15 | +1.77 | COP ahead |
| 2026-04-01 | 112.98 | 125.16 | +1.56 | COP ahead |
| 2026-03-31 | 116.17 | 131.18 | +1.08 | COP ahead |
| 2026-03-30 | 116.95 | 133.60 | +0.79 | COP ahead |
| 2026-03-27 | 117.75 | 133.88 | +0.91 | COP ahead |
| 2026-03-26 | 117.27 | 131.75 | +1.23 | COP ahead |
| 2026-03-25 | 113.46 | 130.07 | +0.71 | COP ahead |
| 2026-03-24 | 113.83 | 131.11 | +0.59 | COP ahead |
| 2026-03-23 | 111.93 | 130.11 | +0.35 | near the usual relationship |
| 2026-03-20 | 111.70 | 127.90 | +0.74 | COP ahead |
| 2026-03-19 | 110.90 | 127.72 | +0.59 | COP ahead |
| 2026-03-18 | 108.82 | 125.93 | +0.47 | near the usual relationship |
| 2026-03-17 | 108.13 | 125.52 | +0.39 | near the usual relationship |
| 2026-03-16 | 106.77 | 124.80 | +0.20 | near the usual relationship |
| 2026-03-13 | 107.27 | 124.79 | +0.32 | near the usual relationship |
| 2026-03-12 | 105.83 | 124.89 | -0.05 | near the usual relationship |
| 2026-03-11 | 102.99 | 121.60 | -0.06 | near the usual relationship |
| 2026-03-10 | 100.46 | 118.11 | +0.06 | near the usual relationship |
| 2026-03-09 | 102.99 | 120.11 | +0.27 | near the usual relationship |
| 2026-03-06 | 103.03 | 120.43 | +0.22 | near the usual relationship |
| 2026-03-05 | 102.81 | 120.40 | +0.17 | near the usual relationship |
| 2026-03-04 | 101.78 | 117.95 | +0.44 | near the usual relationship |
| 2026-03-03 | 104.30 | 119.69 | +0.69 | COP ahead |
| 2026-03-02 | 104.06 | 120.21 | +0.52 | COP ahead |
| 2026-02-27 | 99.85 | 118.41 | -0.15 | near the usual relationship |
| 2026-02-26 | 97.42 | 116.76 | -0.42 | near the usual relationship |
| 2026-02-25 | 96.81 | 116.80 | -0.59 | CVX ahead |
| 2026-02-24 | 97.32 | 117.51 | -0.62 | CVX ahead |
| 2026-02-23 | 96.70 | 117.24 | -0.73 | CVX ahead |
| 2026-02-20 | 97.27 | 116.62 | -0.45 | near the usual relationship |
| 2026-02-19 | 98.20 | 117.16 | -0.33 | near the usual relationship |
| 2026-02-18 | 97.26 | 116.58 | -0.45 | near the usual relationship |
| 2026-02-17 | 95.73 | 114.48 | -0.39 | near the usual relationship |
| 2026-02-13 | 98.06 | 116.50 | -0.23 | near the usual relationship |
| 2026-02-12 | 97.54 | 115.65 | -0.19 | near the usual relationship |
| 2026-02-11 | 97.87 | 117.82 | -0.58 | CVX ahead |
| 2026-02-10 | 94.61 | 115.56 | -0.95 | CVX ahead |
| 2026-02-09 | 95.66 | 115.77 | -0.72 | CVX ahead |
| 2026-02-06 | 94.71 | 114.67 | -0.74 | CVX ahead |
| 2026-02-05 | 92.39 | 113.64 | -1.14 | CVX ahead |
| 2026-02-04 | 94.68 | 114.91 | -0.81 | CVX ahead |
| 2026-02-03 | 92.33 | 112.88 | -1.00 | CVX ahead |
| 2026-02-02 | 89.58 | 110.34 | -1.20 | CVX ahead |
| 2026-01-30 | 91.73 | 112.16 | -1.02 | CVX ahead |
| 2026-01-29 | 90.47 | 108.54 | -0.56 | CVX ahead |
| 2026-01-28 | 89.23 | 107.74 | -0.73 | CVX ahead |
| 2026-01-27 | 87.89 | 107.18 | -0.98 | CVX ahead |
| 2026-01-26 | 86.64 | 106.20 | -1.11 | CVX ahead |
| 2026-01-23 | 86.55 | 105.71 | -1.02 | CVX ahead |
| 2026-01-22 | 85.26 | 105.67 | -1.39 | CVX ahead |
| 2026-01-21 | 85.50 | 105.71 | -1.34 | CVX ahead |
| 2026-01-20 | 84.06 | 104.81 | -1.55 | CVX ahead |
| 2026-01-16 | 86.41 | 105.41 | -1.04 | CVX ahead |
| 2026-01-15 | 87.06 | 105.35 | -0.85 | CVX ahead |
| 2026-01-14 | 88.30 | 106.04 | -0.67 | CVX ahead |
| 2026-01-13 | 84.89 | 103.90 | -1.13 | CVX ahead |
| 2026-01-12 | 84.04 | 102.93 | -1.15 | CVX ahead |
| 2026-01-09 | 85.81 | 102.78 | -0.64 | CVX ahead |
| 2026-01-08 | 86.88 | 100.97 | +0.05 | near the usual relationship |
| 2026-01-07 | 82.67 | 98.40 | -0.50 | CVX ahead |
| 2026-01-06 | 85.46 | 99.25 | +0.05 | near the usual relationship |
| 2026-01-05 | 87.30 | 103.89 | -0.51 | CVX ahead |
| 2026-01-02 | 85.10 | 98.85 | +0.03 | near the usual relationship |
| 2025-12-31 | 82.38 | 96.63 | -0.20 | near the usual relationship |
| 2025-12-30 | 82.81 | 96.57 | -0.08 | near the usual relationship |
| 2025-12-29 | 81.52 | 95.73 | -0.24 | near the usual relationship |
| 2025-12-26 | 80.56 | 95.12 | -0.36 | near the usual relationship |
| 2025-12-24 | 80.79 | 95.42 | -0.37 | near the usual relationship |
| 2025-12-23 | 81.61 | 95.43 | -0.17 | near the usual relationship |
| 2025-12-22 | 82.12 | 94.98 | +0.06 | near the usual relationship |
| 2025-12-19 | 80.91 | 93.68 | +0.04 | near the usual relationship |
| 2025-12-18 | 81.17 | 93.64 | +0.10 | near the usual relationship |
| 2025-12-17 | 83.57 | 94.80 | +0.46 | near the usual relationship |
| 2025-12-16 | 79.88 | 93.04 | -0.10 | near the usual relationship |
| 2025-12-15 | 83.04 | 94.98 | +0.27 | near the usual relationship |
| 2025-12-12 | 84.08 | 95.10 | +0.51 | COP ahead |
| 2025-12-11 | 85.11 | 95.56 | +0.66 | COP ahead |
| 2025-12-10 | 85.19 | 96.00 | +0.57 | COP ahead |
| 2025-12-09 | 82.22 | 94.15 | +0.24 | near the usual relationship |
| 2025-12-08 | 81.74 | 94.29 | +0.08 | near the usual relationship |
| 2025-12-05 | 82.45 | 95.11 | +0.08 | near the usual relationship |
| 2025-12-04 | 81.95 | 96.54 | -0.36 | near the usual relationship |
| 2025-12-03 | 80.80 | 96.11 | -0.57 | CVX ahead |
| 2025-12-02 | 78.58 | 95.26 | -0.96 | CVX ahead |
| 2025-12-01 | 79.43 | 96.72 | -1.06 | CVX ahead |
| 2025-11-28 | 78.05 | 95.82 | -1.24 | CVX ahead |
| 2025-11-26 | 76.64 | 94.79 | -1.40 | CVX ahead |
| 2025-11-25 | 76.23 | 94.17 | -1.38 | CVX ahead |
| 2025-11-24 | 77.06 | 94.95 | -1.33 | CVX ahead |
| 2025-11-21 | 76.89 | 95.09 | -1.41 | CVX ahead |
| 2025-11-20 | 76.98 | 95.30 | -1.44 | CVX ahead |
| 2025-11-19 | 77.43 | 96.18 | -1.51 | CVX ahead |
| 2025-11-18 | 78.92 | 97.40 | -1.39 | CVX ahead |
| 2025-11-17 | 78.08 | 98.16 | -1.76 | CVX ahead |
| 2025-11-14 | 80.41 | 99.94 | -1.54 | CVX ahead |
| 2025-11-13 | 78.69 | 98.64 | -1.71 | CVX ahead |
| 2025-11-12 | 78.39 | 97.21 | -1.51 | CVX ahead |
| 2025-11-11 | 79.81 | 99.06 | -1.53 | CVX ahead |
| 2025-11-10 | 77.65 | 98.69 | -1.99 | CVX ahead |
| 2025-11-07 | 76.41 | 98.29 | -2.23 | CVX ahead |
| 2025-11-06 | 75.39 | 96.97 | -2.25 | CVX ahead |
| 2025-11-05 | 77.18 | 96.79 | -1.78 | CVX ahead |
| 2025-11-04 | 77.37 | 97.25 | -1.83 | CVX ahead |
| 2025-11-03 | 77.95 | 97.67 | -1.78 | CVX ahead |
| 2025-10-31 | 78.20 | 100.00 | -2.19 | CVX ahead |
| 2025-10-30 | 77.57 | 97.34 | -1.85 | CVX ahead |
| 2025-10-29 | 77.51 | 98.34 | -2.08 | CVX ahead |
| 2025-10-28 | 76.38 | 97.72 | -2.26 | CVX ahead |
| 2025-10-27 | 78.05 | 98.45 | -2.01 | CVX ahead |
| 2025-10-24 | 77.47 | 98.63 | -2.21 | CVX ahead |
| 2025-10-23 | 79.27 | 99.26 | -1.91 | CVX ahead |
| 2025-10-22 | 76.93 | 98.64 | -2.39 | CVX ahead |
| 2025-10-21 | 76.05 | 97.51 | -2.42 | CVX ahead |
| 2025-10-20 | 76.62 | 97.95 | -2.39 | CVX ahead |
| 2025-10-17 | 76.11 | 97.06 | -2.37 | CVX ahead |
| 2025-10-16 | 76.49 | 96.19 | -2.11 | CVX ahead |
| 2025-10-15 | 77.22 | 96.44 | -1.98 | CVX ahead |
| 2025-10-14 | 77.59 | 96.62 | -1.93 | CVX ahead |
| 2025-10-13 | 78.13 | 96.34 | -1.74 | CVX ahead |
| 2025-10-10 | 77.13 | 94.41 | -1.60 | CVX ahead |
| 2025-10-09 | 80.92 | 96.15 | -1.05 | CVX ahead |
| 2025-10-08 | 82.50 | 97.48 | -0.94 | CVX ahead |
| 2025-10-07 | 83.81 | 98.22 | -0.80 | CVX ahead |
| 2025-10-06 | 83.53 | 97.65 | -0.76 | CVX ahead |
| 2025-10-03 | 82.87 | 97.36 | -0.85 | CVX ahead |
| 2025-10-02 | 82.18 | 97.24 | -0.99 | CVX ahead |
| 2025-10-01 | 84.01 | 98.01 | -0.75 | CVX ahead |
| 2025-09-30 | 83.24 | 98.46 | -0.99 | CVX ahead |
| 2025-09-29 | 84.35 | 98.97 | -0.86 | CVX ahead |
| 2025-09-26 | 86.67 | 101.55 | -0.84 | CVX ahead |
| 2025-09-25 | 85.20 | 101.90 | -1.19 | CVX ahead |
| 2025-09-24 | 84.16 | 100.93 | -1.24 | CVX ahead |
| 2025-09-23 | 82.26 | 99.81 | -1.43 | CVX ahead |
| 2025-09-22 | 80.97 | 98.94 | -1.55 | CVX ahead |
| 2025-09-19 | 80.89 | 99.04 | -1.59 | CVX ahead |
| 2025-09-18 | 82.27 | 100.71 | -1.60 | CVX ahead |
| 2025-09-17 | 82.57 | 101.50 | -1.67 | CVX ahead |
| 2025-09-16 | 83.20 | 101.15 | -1.50 | CVX ahead |
| 2025-09-15 | 81.25 | 99.74 | -1.67 | CVX ahead |
| 2025-09-12 | 81.34 | 99.61 | -1.64 | CVX ahead |
| 2025-09-11 | 82.84 | 100.34 | -1.47 | CVX ahead |
| 2025-09-10 | 83.01 | 100.04 | -1.39 | CVX ahead |
| 2025-09-09 | 80.84 | 98.18 | -1.52 | CVX ahead |
| 2025-09-08 | 80.44 | 97.64 | -1.52 | CVX ahead |
| 2025-09-05 | 81.80 | 97.43 | -1.23 | CVX ahead |
| 2025-09-04 | 84.28 | 99.98 | -1.17 | CVX ahead |
| 2025-09-03 | 83.30 | 100.22 | -1.39 | CVX ahead |
| 2025-09-02 | 87.12 | 102.61 | -1.07 | CVX ahead |
| 2025-08-29 | 87.10 | 101.83 | -0.96 | CVX ahead |
| 2025-08-28 | 86.64 | 101.01 | -0.93 | CVX ahead |
| 2025-08-27 | 86.16 | 100.96 | -1.01 | CVX ahead |
| 2025-08-26 | 85.41 | 99.77 | -0.97 | CVX ahead |
| 2025-08-25 | 86.40 | 100.30 | -0.88 | CVX ahead |
| 2025-08-22 | 85.17 | 100.29 | -1.10 | CVX ahead |
| 2025-08-21 | 83.41 | 98.62 | -1.16 | CVX ahead |
| 2025-08-20 | 83.51 | 97.15 | -0.94 | CVX ahead |
| 2025-08-19 | 82.51 | 96.37 | -1.00 | CVX ahead |
| 2025-08-18 | 82.72 | 98.48 | -1.28 | CVX ahead |
| 2025-08-15 | 83.90 | 99.26 | -1.20 | CVX ahead |
| 2025-08-14 | 84.18 | 98.38 | -1.03 | CVX ahead |
| 2025-08-13 | 84.38 | 98.83 | -1.07 | CVX ahead |
| 2025-08-12 | 83.24 | 97.92 | -1.14 | CVX ahead |
| 2025-08-11 | 82.31 | 97.29 | -1.21 | CVX ahead |
| 2025-08-08 | 82.65 | 98.28 | -1.31 | CVX ahead |
| 2025-08-07 | 81.49 | 97.11 | -1.34 | CVX ahead |
| 2025-08-06 | 81.94 | 96.87 | -1.24 | CVX ahead |
| 2025-08-05 | 82.02 | 97.03 | -1.27 | CVX ahead |
| 2025-08-04 | 81.71 | 95.76 | -1.14 | CVX ahead |
| 2025-08-01 | 81.63 | 95.99 | -1.20 | CVX ahead |
| 2025-07-31 | 83.90 | 96.15 | -0.85 | CVX ahead |
| 2025-07-30 | 85.07 | 97.36 | -0.83 | CVX ahead |
| 2025-07-29 | 86.24 | 99.56 | -0.96 | CVX ahead |
| 2025-07-28 | 85.38 | 99.09 | -1.05 | CVX ahead |
| 2025-07-25 | 83.56 | 98.17 | -1.23 | CVX ahead |
| 2025-07-24 | 84.15 | 98.80 | -1.23 | CVX ahead |
| 2025-07-23 | 83.64 | 97.08 | -1.08 | CVX ahead |
| 2025-07-22 | 81.83 | 95.13 | -1.11 | CVX ahead |
| 2025-07-21 | 80.08 | 94.90 | -1.39 | CVX ahead |
| 2025-07-18 | 80.65 | 95.13 | -1.33 | CVX ahead |
| 2025-07-17 | 81.68 | 95.98 | -1.29 | CVX ahead |
| 2025-07-16 | 80.53 | 95.05 | -1.36 | CVX ahead |
| 2025-07-15 | 81.45 | 95.54 | -1.29 | CVX ahead |
| 2025-07-14 | 82.87 | 96.15 | -1.14 | CVX ahead |
| 2025-07-11 | 84.14 | 98.47 | -1.27 | CVX ahead |
| 2025-07-10 | 83.93 | 97.75 | -1.22 | CVX ahead |
| 2025-07-09 | 83.19 | 97.02 | -1.24 | CVX ahead |
| 2025-07-08 | 84.30 | 97.16 | -1.09 | CVX ahead |
| 2025-07-07 | 81.45 | 93.46 | -1.03 | CVX ahead |
| 2025-07-03 | 82.44 | 94.07 | -0.96 | CVX ahead |
| 2025-07-02 | 83.11 | 93.82 | -0.82 | CVX ahead |
| 2025-07-01 | 80.96 | 92.30 | -0.96 | CVX ahead |
| 2025-06-30 | 78.98 | 90.79 | -1.09 | CVX ahead |
| 2025-06-27 | 79.35 | 91.17 | -1.09 | CVX ahead |
| 2025-06-26 | 79.99 | 91.58 | -1.05 | CVX ahead |
| 2025-06-25 | 78.32 | 90.81 | -1.24 | CVX ahead |
| 2025-06-24 | 78.67 | 91.02 | -1.22 | CVX ahead |
| 2025-06-23 | 80.71 | 93.11 | -1.19 | CVX ahead |
| 2025-06-20 | 83.33 | 94.82 | -1.00 | CVX ahead |
| 2025-06-18 | 82.55 | 93.96 | -1.01 | CVX ahead |
| 2025-06-17 | 84.04 | 94.38 | -0.82 | CVX ahead |
| 2025-06-16 | 83.60 | 92.59 | -0.63 | CVX ahead |
| 2025-06-13 | 85.33 | 92.51 | -0.34 | near the usual relationship |
| 2025-06-12 | 83.33 | 91.92 | -0.59 | CVX ahead |
| 2025-06-11 | 82.15 | 91.80 | -0.77 | CVX ahead |
| 2025-06-10 | 80.24 | 90.89 | -0.97 | CVX ahead |
| 2025-06-09 | 77.48 | 89.25 | -1.22 | CVX ahead |
| 2025-06-06 | 76.76 | 88.90 | -1.31 | CVX ahead |
| 2025-06-05 | 75.11 | 86.80 | -1.29 | CVX ahead |
| 2025-06-04 | 75.64 | 87.10 | -1.25 | CVX ahead |
| 2025-06-03 | 77.37 | 88.48 | -1.16 | CVX ahead |
| 2025-06-02 | 76.32 | 87.40 | -1.19 | CVX ahead |
| 2025-05-30 | 75.11 | 86.67 | -1.31 | CVX ahead |
| 2025-05-29 | 75.33 | 87.44 | -1.41 | CVX ahead |
| 2025-05-28 | 74.43 | 86.24 | -1.39 | CVX ahead |
| 2025-05-27 | 75.29 | 87.39 | -1.43 | CVX ahead |
| 2025-05-23 | 74.97 | 86.57 | -1.37 | CVX ahead |
| 2025-05-22 | 75.80 | 85.78 | -1.08 | CVX ahead |
| 2025-05-21 | 76.70 | 85.95 | -0.95 | CVX ahead |
| 2025-05-20 | 78.93 | 87.03 | -0.73 | CVX ahead |
| 2025-05-19 | 79.57 | 87.81 | -0.74 | CVX ahead |
| 2025-05-16 | 81.34 | 90.10 | -0.80 | CVX ahead |
| 2025-05-15 | 81.81 | 90.20 | -0.74 | CVX ahead |
| 2025-05-14 | 81.47 | 89.82 | -0.75 | CVX ahead |
| 2025-05-13 | 82.87 | 90.25 | -0.58 | CVX ahead |
| 2025-05-12 | 81.20 | 89.79 | -0.80 | CVX ahead |
| 2025-05-09 | 77.96 | 87.81 | -1.07 | CVX ahead |
| 2025-05-08 | 78.17 | 86.89 | -0.89 | CVX ahead |
| 2025-05-07 | 77.19 | 86.10 | -0.95 | CVX ahead |
| 2025-05-06 | 77.12 | 85.98 | -0.95 | CVX ahead |
| 2025-05-05 | 77.10 | 85.91 | -0.95 | CVX ahead |
| 2025-05-02 | 80.45 | 87.81 | -0.67 | CVX ahead |
| 2025-05-01 | 79.78 | 86.39 | -0.56 | CVX ahead |
| 2025-04-30 | 78.43 | 86.27 | -0.78 | CVX ahead |
| 2025-04-29 | 80.86 | 88.32 | -0.69 | CVX ahead |
| 2025-04-28 | 81.78 | 88.83 | -0.62 | CVX ahead |
| 2025-04-25 | 80.72 | 87.96 | -0.67 | CVX ahead |
| 2025-04-24 | 80.79 | 88.18 | -0.70 | CVX ahead |
| 2025-04-23 | 79.14 | 86.66 | -0.75 | CVX ahead |
| 2025-04-22 | 78.99 | 87.05 | -0.84 | CVX ahead |
| 2025-04-21 | 77.05 | 84.79 | -0.83 | CVX ahead |
| 2025-04-17 | 78.31 | 87.41 | -1.02 | CVX ahead |
| 2025-04-16 | 76.00 | 85.82 | -1.18 | CVX ahead |
| 2025-04-15 | 75.44 | 85.30 | -1.20 | CVX ahead |
| 2025-04-14 | 76.08 | 85.80 | -1.17 | CVX ahead |
| 2025-04-11 | 76.03 | 85.99 | -1.22 | CVX ahead |
| 2025-04-10 | 73.30 | 85.58 | -1.63 | CVX ahead |
| 2025-04-09 | 80.53 | 92.59 | -1.45 | CVX ahead |
| 2025-04-08 | 72.74 | 86.82 | -1.93 | CVX ahead |
| 2025-04-07 | 75.39 | 88.86 | -1.79 | CVX ahead |
| 2025-04-04 | 75.94 | 90.84 | -1.99 | CVX ahead |
| 2025-04-03 | 83.82 | 98.99 | -1.84 | CVX ahead |
| 2025-04-02 | 93.37 | 105.55 | -1.30 | CVX ahead |
| 2025-04-01 | 92.75 | 106.84 | -1.55 | CVX ahead |
| 2025-03-31 | 92.42 | 106.07 | -1.51 | CVX ahead |
| 2025-03-28 | 90.09 | 105.31 | -1.76 | CVX ahead |
| 2025-03-27 | 90.49 | 105.66 | -1.76 | CVX ahead |
| 2025-03-26 | 90.82 | 106.50 | -1.83 | CVX ahead |
| 2025-03-25 | 90.25 | 105.21 | -1.77 | CVX ahead |
| 2025-03-24 | 89.93 | 104.63 | -1.76 | CVX ahead |
| 2025-03-21 | 89.69 | 104.46 | -1.79 | CVX ahead |
| 2025-03-20 | 90.04 | 104.47 | -1.76 | CVX ahead |
| 2025-03-19 | 89.18 | 104.01 | -1.85 | CVX ahead |
| 2025-03-18 | 88.47 | 101.96 | -1.71 | CVX ahead |
| 2025-03-17 | 87.44 | 100.63 | -1.71 | CVX ahead |
| 2025-03-14 | 87.08 | 99.56 | -1.64 | CVX ahead |
| 2025-03-13 | 84.65 | 97.39 | -1.74 | CVX ahead |
| 2025-03-12 | 86.02 | 96.80 | -1.47 | CVX ahead |
| 2025-03-11 | 83.97 | 97.69 | -1.93 | CVX ahead |
| 2025-03-10 | 81.76 | 99.90 | -2.62 | CVX ahead |
| 2025-03-07 | 79.76 | 99.13 | -2.91 | CVX ahead |
| 2025-03-06 | 77.97 | 96.98 | -2.98 | CVX ahead |
| 2025-03-05 | 78.22 | 95.62 | -2.80 | CVX ahead |
| 2025-03-04 | 79.77 | 96.37 | -2.68 | CVX ahead |
| 2025-03-03 | 81.52 | 97.06 | -2.52 | CVX ahead |
| 2025-02-28 | 87.26 | 100.57 | -2.07 | CVX ahead |
| 2025-02-27 | 85.69 | 99.33 | -2.19 | CVX ahead |
| 2025-02-26 | 84.60 | 98.36 | -2.26 | CVX ahead |
| 2025-02-25 | 85.44 | 99.18 | -2.27 | CVX ahead |
| 2025-02-24 | 86.97 | 100.11 | -2.17 | CVX ahead |
| 2025-02-21 | 86.19 | 99.49 | -2.24 | CVX ahead |
| 2025-02-20 | 89.77 | 100.68 | -1.82 | CVX ahead |
| 2025-02-19 | 87.63 | 99.69 | -2.07 | CVX ahead |
| 2025-02-18 | 85.76 | 99.01 | -2.33 | CVX ahead |
| 2025-02-14 | 84.71 | 98.49 | -2.48 | CVX ahead |
| 2025-02-13 | 85.28 | 98.83 | -2.47 | CVX ahead |
| 2025-02-12 | 86.60 | 98.21 | -2.15 | CVX ahead |
| 2025-02-11 | 89.51 | 99.82 | -1.90 | CVX ahead |
| 2025-02-10 | 87.55 | 98.76 | -2.11 | CVX ahead |
| 2025-02-07 | 86.56 | 96.77 | -1.99 | CVX ahead |
| 2025-02-06 | 87.95 | 96.31 | -1.66 | CVX ahead |
| 2025-02-05 | 88.19 | 97.00 | -1.75 | CVX ahead |
| 2025-02-04 | 88.52 | 97.15 | -1.73 | CVX ahead |
| 2025-02-03 | 86.67 | 94.69 | -1.67 | CVX ahead |
| 2025-01-31 | 86.98 | 94.59 | -1.61 | CVX ahead |
| 2025-01-30 | 89.29 | 99.11 | -1.98 | CVX ahead |
| 2025-01-29 | 89.38 | 98.71 | -1.92 | CVX ahead |
| 2025-01-28 | 89.22 | 99.04 | -2.03 | CVX ahead |
| 2025-01-27 | 90.37 | 99.69 | -1.95 | CVX ahead |
| 2025-01-24 | 89.62 | 98.69 | -1.94 | CVX ahead |
| 2025-01-23 | 91.52 | 98.92 | -1.63 | CVX ahead |
| 2025-01-22 | 90.70 | 99.17 | -1.85 | CVX ahead |
| 2025-01-21 | 91.77 | 100.33 | -1.87 | CVX ahead |
| 2025-01-17 | 93.15 | 102.38 | -1.99 | CVX ahead |
| 2025-01-16 | 92.94 | 101.05 | -1.81 | CVX ahead |
| 2025-01-15 | 92.83 | 100.39 | -1.74 | CVX ahead |
| 2025-01-14 | 92.30 | 99.48 | -1.69 | CVX ahead |
| 2025-01-13 | 91.73 | 98.50 | -1.64 | CVX ahead |
| 2025-01-10 | 89.69 | 97.10 | -1.81 | CVX ahead |
| 2025-01-08 | 89.43 | 95.30 | -1.53 | CVX ahead |
| 2025-01-07 | 89.47 | 94.85 | -1.45 | CVX ahead |
| 2025-01-06 | 88.00 | 93.37 | -1.48 | CVX ahead |
| 2025-01-03 | 88.96 | 93.74 | -1.36 | CVX ahead |
| 2025-01-02 | 88.08 | 93.02 | -1.41 | CVX ahead |
| 2024-12-31 | 87.27 | 91.83 | -1.36 | CVX ahead |
| 2024-12-30 | 85.44 | 90.71 | -1.54 | CVX ahead |
| 2024-12-27 | 85.29 | 91.30 | -1.71 | CVX ahead |
| 2024-12-26 | 85.27 | 91.29 | -1.73 | CVX ahead |
| 2024-12-24 | 85.46 | 91.20 | -1.68 | CVX ahead |
| 2024-12-23 | 84.82 | 90.65 | -1.73 | CVX ahead |
| 2024-12-20 | 83.71 | 90.57 | -1.99 | CVX ahead |
| 2024-12-19 | 83.76 | 89.49 | -1.76 | CVX ahead |
| 2024-12-18 | 84.35 | 91.35 | -2.05 | CVX ahead |
| 2024-12-17 | 86.47 | 93.91 | -2.13 | CVX ahead |
| 2024-12-16 | 87.63 | 94.70 | -2.06 | CVX ahead |
| 2024-12-13 | 88.90 | 97.56 | -2.40 | CVX ahead |
| 2024-12-12 | 88.81 | 98.09 | -2.57 | CVX ahead |
| 2024-12-11 | 89.93 | 99.04 | -2.55 | CVX ahead |
| 2024-12-10 | 90.08 | 99.54 | -2.67 | CVX ahead |
| 2024-12-09 | 90.79 | 99.59 | -2.56 | CVX ahead |
| 2024-12-06 | 90.84 | 98.43 | -2.34 | CVX ahead |
| 2024-12-05 | 91.91 | 101.02 | -2.68 | CVX ahead |
| 2024-12-04 | 91.09 | 100.38 | -2.78 | CVX ahead |
| 2024-12-03 | 93.33 | 102.66 | -2.79 | CVX ahead |
| 2024-12-02 | 93.41 | 102.85 | -2.86 | CVX ahead |
| 2024-11-29 | 95.34 | 102.67 | -2.41 | CVX ahead |
| 2024-11-27 | 94.51 | 102.78 | -2.67 | CVX ahead |
| 2024-11-26 | 93.97 | 103.05 | -2.91 | CVX ahead |
| 2024-11-25 | 93.37 | 101.67 | -2.80 | CVX ahead |
| 2024-11-22 | 98.35 | 102.94 | -1.92 | CVX ahead |
| 2024-11-21 | 98.48 | 102.48 | -1.80 | CVX ahead |
| 2024-11-20 | 99.82 | 102.29 | -1.46 | CVX ahead |
| 2024-11-19 | 99.52 | 101.19 | -1.29 | CVX ahead |
| 2024-11-18 | 100.11 | 101.93 | -1.33 | CVX ahead |
| 2024-11-15 | 98.85 | 102.35 | -1.73 | CVX ahead |
| 2024-11-14 | 99.38 | 102.59 | -1.68 | CVX ahead |
| 2024-11-13 | 98.41 | 100.63 | -1.47 | CVX ahead |
| 2024-11-12 | 97.37 | 98.46 | -1.22 | CVX ahead |
| 2024-11-11 | 98.61 | 99.23 | -1.12 | CVX ahead |
| 2024-11-08 | 98.20 | 99.50 | -1.29 | CVX ahead |
| 2024-11-07 | 98.92 | 99.40 | -1.11 | CVX ahead |
| 2024-11-06 | 100.00 | 100.00 | -1.00 | CVX ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Nov 25, 2024 (COP -5.1%, CVX -1.2%); Mar 11, 2025 (COP +2.7%, CVX -2.2%).
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)
1 simulated trade to Nov 3, 2026: -17.12% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long CVX · Short COP | Feb 17, 2021 | Sep 16, 2021 | divergence stop | 211 | -$1,746.67 | -$65.57 | -$1,712.25 (-17.12%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
COP and CVX at a glance
COP ConocoPhillips
- Listing
- NYSE · SEC CIK 1163165
- Industry
- Integrated oil Companies · SIC 2911 Petroleum Refining
- Market value
- $173.5B
- Price history
- 2,533 daily closes, Oct 12, 2016 to Nov 10, 2026
CVX Chevron Corporation
- Listing
- NYSE · SEC CIK 93410
- Industry
- Integrated oil Companies · SIC 2911 Petroleum Refining
- Market value
- $445.1B
- Price history
- 2,534 daily closes, Oct 12, 2016 to Nov 10, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of COP and CVX
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper 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.
