The Moat Index
Compare moats, side by side.
Two to four companies, scored on the same five investor questions from their SEC filings — so the comparison is apples to apples. The method is fully public.
CVX · Energy · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
COP · Energy · Narrow moat
On the watchlist
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
| Measure | CVX | COP | VVV | VLO |
|---|---|---|---|---|
| Moat Score (0–100) | 63 | 75 (highest) | 60 | 42 |
| Methodology version | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 | moat-index@3.0.0 |
| Business trend | 39 | 62 | 65 (highest) | 54 |
| Pricing power | 67 | 83 (highest) | 63 | 0 |
| Returns on capital | — | — | 90 (highest) | 48 |
| Balance-sheet safety | 79 (highest) | 70 | 36 | 57 |
| Capital allocation | 69 | 82 (highest) | 48 | 49 |
| 65% above value if growth stopped today | 46% above value if growth stopped today | 27% below value if growth stopped today (largest discount to value if growth stopped today) | 219% above value if growth stopped today | |
| Market cap | $418.1B | $161.1B | $3.4B | $123.6B |
| Moat tier | Narrow moat | Narrow moat | Narrow moat | Shallow moat |
| Filing date | FY2025 | FY2025 | FY2025 | FY2025 |