COMP <GO>
WES vs CVX // 10Y YIELD & FRED MACRO BETA
Western Midstream Partners LP Common (NYSE) VS. Chevron Corporation (NYSE) • 15-METRIC TALLY: WES 10
— CVX 5
▲ 10Y YIELD & FRED MACRO BETA LEADER: CVX
LAST: $46.39 (+1.24%) • MKT CAP: $18.93B
macro-sensitivity
1.03
LAST: $235.52 (+1.75%) • MKT CAP: $457.31B
macro-sensitivity
1.07
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (WES VS. CVX)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | WES | CVX | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.30% | -0.30 | CVX | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 16.00% | 5.80% | +10.20 | WES | /roic <GO> |
| EV/EBITDA & P/E Valuation | 13.0x | 21.5x | -8.50 | WES | /valuation <GO> |
| Free Cash Flow Yield | 10.83% | 5.61% | +5.22 | WES | /fcf-yield <GO> |
| Operating Margin | 41.70% | 8.10% | +33.60 | WES | /operating-margins <GO> |
| Net Profit Margin | 30.70% | 6.70% | +24.00 | WES | /net-margins <GO> |
| Revenue Growth (YoY) | 6.60% | -4.60% | +11.20 | WES | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 7.56% | 2.79% | +4.77 | WES | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 1.85 | 3.71 | -1.86 | CVX | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 7/9 | +1.00 | WES | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.00% | 7.10% | -0.10 | WES | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.0 | 72.8 | -13.85 | CVX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.03 | 1.07 | -0.04 | CVX | /macro-sensitivity <GO> |
| Forward P/E Multiple | 14.9x | 34.6x | -19.70 | WES | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $18.93B | $457.31B | -$438.38B | CVX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | WES REV | CVX REV | WES GROSS % | CVX GROSS % | WES FCF | CVX FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $3.84B | $184.43B | 44.0% | 41.3% | $2.05B | $25.64B |
| FY 2024 | $3.60B | $193.41B | 44.0% | 38.4% | $1.97B | $22.79B |
| FY 2023 | $3.11B | $196.91B | 44.0% | 44.0% | $1.52B | $26.75B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
WES // BETA 1.03
CVX // BETA 1.07