COP vs CVX
ConocoPhillips and Chevron Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | COP | CVX |
|---|---|---|
| Revenue | $58.9B | $189.0B |
| Net income | $8.0B | $12.3B |
| Gross margin | 62.1% | 42.8% |
| Net margin | 13.6% | 6.6% |
| Return on equity | 12.4% | 7.3% |
| Diluted EPS | $6.35 | $6.63 |
| Dividend / share | $3.18 | $6.84 |
| Payout ratio | 50.0% | 103.7% |
| Free cash flow | · | $16.6B |
| Equity | $64.5B | $186.4B |
| Net debt / equity | 0.26× | 0.19× |
| Current ratio | 1.30× | 1.15× |
| Revenue CAGR 5y | 25.7% | 14.8% |
| Profit CAGR 5y | · | · |
CVX bills 3.2× the revenue of COP, and COP keeps more of each dollar of revenue as profit (13.6% against 6.6%).
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 | COP | CVX |
|---|---|---|
| FY2025 | $58.9B | $189.0B |
| FY2024 | $54.7B | $202.8B |
| FY2023 | $56.1B | $200.9B |
| FY2022 | $78.5B | $246.3B |
| FY2021 | $45.8B | $162.5B |
| FY2020 | $18.8B | $94.7B |
| FY2019 | $36.7B | $146.5B |
| FY2018 | $38.7B | $166.3B |
| FY2017 | $32.6B | $141.7B |
| FY2016 | $24.4B | $114.5B |
Bottom line
| Fiscal year | COP | CVX |
|---|---|---|
| FY2025 | $8.0B | $12.3B |
| FY2024 | $9.2B | $17.7B |
| FY2023 | $11.0B | $21.4B |
| FY2022 | $18.7B | $35.5B |
| FY2021 | $8.1B | $15.6B |
| FY2020 | $-2.7B | $-5.5B |
| FY2019 | $7.2B | $2.9B |
| FY2018 | $6.3B | $14.8B |
| FY2017 | $-855.0M | $9.2B |
| FY2016 | $-3.6B | $-497.0M |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$130,087,000,000 | CVX |
| FY2024 | −$148,047,000,000 | CVX |
| FY2023 | −$144,808,000,000 | CVX |
| FY2022 | −$167,758,000,000 | CVX |
| FY2021 | −$116,637,000,000 | CVX |
| FY2020 | −$75,908,000,000 | CVX |
| FY2019 | −$109,846,000,000 | CVX |
| FY2018 | −$127,612,000,000 | CVX |
| FY2017 | −$109,138,000,000 | CVX |
| FY2016 | −$90,112,000,000 | CVX |
| FY2015 | −$107,542,000,000 | CVX |
| FY2014 | −$156,453,000,000 | CVX |
| FY2013 | −$170,600,000,000 | CVX |
| FY2012 | −$179,905,000,000 | CVX |
| FY2011 | −$187,637,000,000 | CVX |
| FY2010 | −$141,593,000,000 | CVX |
| FY2009 | −$22,295,000,000 | CVX |
| FY2008 | −$32,163,000,000 | CVX |
| FY2007 | −$33,467,000,000 | CVX |
CVX has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +6.9 pp | COP |
| FY2024 | +8.1 pp | COP |
| FY2023 | +8.9 pp | COP |
| FY2022 | +9.3 pp | COP |
| FY2021 | +8.0 pp | COP |
| FY2020 | −8.3 pp | CVX |
| FY2019 | +17.8 pp | COP |
| FY2018 | +7.3 pp | COP |
| FY2017 | −9.3 pp | CVX |
| FY2016 | −14.2 pp | CVX |
| FY2015 | −17.7 pp | CVX |
| FY2014 | +3.0 pp | COP |
| FY2013 | +6.0 pp | COP |
| FY2012 | +2.4 pp | COP |
| FY2011 | +13.0 pp | COP |
| FY2010 | +13.3 pp | COP |
| FY2009 | −3.2 pp | CVX |
| FY2008 | −16.4 pp | CVX |
| FY2007 | −2.5 pp | CVX |
The higher net margin has changed hands between COP and CVX over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
COP's net margin has been more volatile than CVX's over the 19 comparable fiscal years — 13.0 percentage points of standard deviation against 4.6.
19 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 COP and CVX over these 19 fiscal years — COP led in 12 and CVX in 7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
COP's return on equity has been more volatile than CVX's over the 19 comparable fiscal years — 14.6 percentage points of standard deviation against 8.9.
19 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 COP and CVX over these 19 fiscal years — COP led in 9 and CVX in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.