BP vs CVX
BP PLC and Chevron Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | BP | CVX |
|---|---|---|
| Revenue | $192.5B | $189.0B |
| Net income | $55.0M | $12.3B |
| Gross margin | · | 42.8% |
| Net margin | 0.7% | 6.6% |
| Return on equity | 0.1% | 7.3% |
| Diluted EPS | · | $6.63 |
| Dividend / share | $0.33 | $6.84 |
| Payout ratio | 9198.2% | 103.7% |
| Free cash flow | · | $16.6B |
| Equity | $53.1B | $186.4B |
| Net debt / equity | 0.40× | 0.19× |
| Current ratio | 1.26× | 1.15× |
| Revenue CAGR 5y | 12.0% | 14.8% |
| Profit CAGR 5y | · | · |
BP and CVX book revenue within 15% of each other, and CVX keeps more of each dollar of revenue as profit (6.6% against 0.7%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | BP | CVX |
|---|---|---|
| FY2025 | $192.5B | $189.0B |
| FY2024 | $194.6B | $202.8B |
| FY2023 | $213.0B | $200.9B |
| FY2022 | $248.9B | $246.3B |
| FY2021 | $164.2B | $162.5B |
| FY2020 | $109.1B | $94.7B |
| FY2019 | $163.5B | $146.5B |
| FY2018 | $303.7B | $166.3B |
| FY2017 | $244.6B | $141.7B |
| FY2016 | $186.6B | $114.5B |
Bottom line
| Fiscal year | BP | CVX |
|---|---|---|
| FY2025 | $55.0M | $12.3B |
| FY2024 | $381.0M | $17.7B |
| FY2023 | $15.2B | $21.4B |
| FY2022 | $-2.5B | $35.5B |
| FY2021 | $7.6B | $15.6B |
| FY2020 | $-20.3B | $-5.5B |
| FY2019 | $4.0B | $2.9B |
| FY2018 | $9.4B | $14.8B |
| FY2017 | $3.4B | $9.2B |
| FY2016 | $115.0M | $-497.0M |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$3,518,000,000 | BP |
| FY2024 | −$8,163,000,000 | CVX |
| FY2023 | +$12,083,000,000 | BP |
| FY2022 | +$2,639,000,000 | BP |
| FY2021 | +$1,730,000,000 | BP |
| FY2020 | +$14,386,000,000 | BP |
| FY2019 | +$17,010,000,000 | BP |
| FY2018 | +$137,399,000,000 | BP |
| FY2017 | +$102,860,000,000 | BP |
| FY2016 | +$72,134,000,000 | BP |
| FY2015 | +$87,505,000,000 | BP |
The higher-revenue side has changed between BP and CVX over this period. The gap has narrowed since the earliest year compared.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −5.9 pp | CVX |
| FY2024 | −8.1 pp | CVX |
| FY2023 | −3.2 pp | CVX |
| FY2022 | −15.0 pp | CVX |
| FY2021 | −4.5 pp | CVX |
| FY2020 | −13.1 pp | CVX |
| FY2019 | +0.6 pp | BP |
| FY2018 | −5.8 pp | CVX |
| FY2017 | −5.5 pp | CVX |
| FY2016 | +0.5 pp | BP |
| FY2015 | −6.4 pp | CVX |
The higher net margin has changed hands between BP and CVX over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BP's net margin has been more volatile than CVX's over the 11 comparable fiscal years — 6.5 percentage points of standard deviation against 5.5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between BP and CVX over these 11 fiscal years — BP led in 2 and CVX in 9.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
BP's return on equity has been more volatile than CVX's over the 11 comparable fiscal years — 10.9 percentage points of standard deviation against 7.3.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between BP and CVX over these 11 fiscal years — BP led in 3 and CVX in 8.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.