CVX vs EQNR
Chevron Corp. and Equinor ASA, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVX | EQNR |
|---|---|---|
| Revenue | $189.0B | $106.5B |
| Net income | $12.3B | $5.0B |
| Gross margin | 42.8% | 48.2% |
| Net margin | 6.6% | 4.8% |
| Return on equity | 7.3% | 12.2% |
| Diluted EPS | $6.63 | $1.94 |
| Dividend / share | $6.84 | $1.48 |
| Payout ratio | 103.7% | 95.0% |
| Free cash flow | $16.6B | $6.0B |
| Equity | $186.4B | $40.4B |
| Net debt / equity | 0.19× | · |
| Current ratio | 1.15× | · |
| Revenue CAGR 5y | 14.8% | 18.4% |
| Profit CAGR 5y | · | · |
CVX bills 1.8× the revenue of EQNR, and keeps more of each dollar of revenue as profit (6.6% against 4.8%).
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 | CVX | EQNR |
|---|---|---|
| FY2025 | $189.0B | $106.5B |
| FY2024 | $202.8B | $103.8B |
| FY2023 | $200.9B | $107.2B |
| FY2022 | $246.3B | $150.8B |
| FY2021 | $162.5B | $90.9B |
| FY2020 | $94.7B | $45.8B |
| FY2019 | $146.5B | $64.4B |
| FY2018 | $166.3B | $79.6B |
| FY2017 | $141.7B | $61.2B |
| FY2016 | $114.5B | $45.9B |
Bottom line
| Fiscal year | CVX | EQNR |
|---|---|---|
| FY2025 | $12.3B | $5.0B |
| FY2024 | $17.7B | $8.8B |
| FY2023 | $21.4B | $11.9B |
| FY2022 | $35.5B | $28.7B |
| FY2021 | $15.6B | $8.6B |
| FY2020 | $-5.5B | $-5.5B |
| FY2019 | $2.9B | $1.8B |
| FY2018 | $14.8B | $7.5B |
| FY2017 | $9.2B | $4.6B |
| FY2016 | $-497.0M | $-2.9B |
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$82,569,000,000 | CVX |
| FY2024 | +$99,018,000,000 | CVX |
| FY2023 | +$93,775,000,000 | CVX |
| FY2022 | +$95,446,000,000 | CVX |
| FY2021 | +$71,541,000,000 | CVX |
| FY2020 | +$48,874,000,000 | CVX |
| FY2019 | +$82,159,000,000 | CVX |
| FY2018 | +$86,746,000,000 | CVX |
| FY2017 | +$80,535,000,000 | CVX |
| FY2016 | +$68,599,000,000 | CVX |
| FY2015 | +$78,835,000,000 | CVX |
CVX has reported the higher revenue in every one of these 11 fiscal years. The gap has widened 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 | +1.9 pp | CVX |
| FY2024 | +0.2 pp | CVX |
| FY2023 | −0.5 pp | EQNR |
| FY2022 | −4.6 pp | EQNR |
| FY2021 | +0.2 pp | CVX |
| FY2020 | +6.1 pp | CVX |
| FY2019 | −0.9 pp | EQNR |
| FY2018 | −0.5 pp | EQNR |
| FY2017 | −0.6 pp | EQNR |
| FY2016 | +5.9 pp | CVX |
| FY2015 | +12.3 pp | CVX |
The higher net margin has changed hands between CVX and EQNR over this period.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EQNR's net margin has been more volatile than CVX's over the 11 comparable fiscal years — 9.0 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 CVX and EQNR over these 11 fiscal years — CVX led in 6 and EQNR in 5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
EQNR's return on equity has been more volatile than CVX's over the 11 comparable fiscal years — 20.5 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 CVX and EQNR over these 11 fiscal years — CVX led in 3 and EQNR in 8.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.