CVX vs MPC
Chevron Corp. and Marathon Petroleum Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVX | MPC |
|---|---|---|
| Revenue | $189.0B | $132.7B |
| Net income | $12.3B | $4.0B |
| Gross margin | 42.8% | 10.0% |
| Net margin | 6.6% | 4.4% |
| Return on equity | 7.3% | 23.1% |
| Diluted EPS | $6.63 | $13.22 |
| Dividend / share | $6.84 | $3.73 |
| Payout ratio | 103.7% | 28.2% |
| Free cash flow | $16.6B | $4.8B |
| Equity | $186.4B | $17.3B |
| Net debt / equity | 0.19× | 1.69× |
| Current ratio | 1.15× | 1.26× |
| Revenue CAGR 5y | 14.8% | 13.7% |
| Profit CAGR 5y | · | · |
CVX bills 1.4× the revenue of MPC, and keeps more of each dollar of revenue as profit (6.6% against 4.4%).
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 | MPC |
|---|---|---|
| FY2025 | $189.0B | $132.7B |
| FY2024 | $202.8B | $138.9B |
| FY2023 | $200.9B | $148.4B |
| FY2022 | $246.3B | $177.5B |
| FY2021 | $162.5B | $120.0B |
| FY2020 | $94.7B | $69.8B |
| FY2019 | $146.5B | $111.1B |
| FY2018 | $166.3B | $86.1B |
| FY2017 | $141.7B | $74.7B |
| FY2016 | $114.5B | $63.3B |
Bottom line
| Fiscal year | CVX | MPC |
|---|---|---|
| FY2025 | $12.3B | $4.0B |
| FY2024 | $17.7B | $3.4B |
| FY2023 | $21.4B | $9.7B |
| FY2022 | $35.5B | $14.5B |
| FY2021 | $15.6B | $9.7B |
| FY2020 | $-5.5B | $-9.8B |
| FY2019 | $2.9B | $2.6B |
| FY2018 | $14.8B | $2.8B |
| FY2017 | $9.2B | $3.4B |
| FY2016 | $-497.0M | $1.2B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$56,332,000,000 | CVX |
| FY2024 | +$63,928,000,000 | CVX |
| FY2023 | +$52,570,000,000 | CVX |
| FY2022 | +$68,799,000,000 | CVX |
| FY2021 | +$42,482,000,000 | CVX |
| FY2020 | +$24,913,000,000 | CVX |
| FY2019 | +$35,368,000,000 | CVX |
| FY2018 | +$80,253,000,000 | CVX |
| FY2017 | +$66,989,000,000 | CVX |
| FY2016 | +$51,195,000,000 | CVX |
| FY2015 | +$66,426,000,000 | CVX |
| FY2014 | +$114,153,000,000 | CVX |
| FY2013 | +$128,688,000,000 | CVX |
| FY2012 | +$159,666,000,000 | CVX |
| FY2011 | +$175,068,000,000 | CVX |
| FY2010 | +$142,441,000,000 | CVX |
| FY2009 | +$126,106,000,000 | CVX |
CVX has reported the higher revenue in every one of these 17 fiscal years. The gap has narrowed since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +2.2 pp | CVX |
| FY2024 | +5.1 pp | CVX |
| FY2023 | +3.1 pp | CVX |
| FY2022 | +5.4 pp | CVX |
| FY2021 | +0.5 pp | CVX |
| FY2020 | +8.4 pp | CVX |
| FY2019 | −1.0 pp | MPC |
| FY2018 | +4.7 pp | CVX |
| FY2017 | +1.2 pp | CVX |
| FY2016 | −2.6 pp | MPC |
| FY2015 | −0.9 pp | MPC |
| FY2014 | +6.7 pp | CVX |
| FY2013 | +7.5 pp | CVX |
| FY2012 | +6.8 pp | CVX |
| FY2011 | +7.7 pp | CVX |
| FY2010 | +8.7 pp | CVX |
| FY2009 | +5.4 pp | CVX |
The higher net margin has changed hands between CVX and MPC over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MPC's net margin has been more volatile than CVX's over the 17 comparable fiscal years — 5.0 percentage points of standard deviation against 4.8.
17 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 MPC over these 17 fiscal years — CVX led in 14 and MPC in 3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MPC's return on equity has been more volatile than CVX's over the 17 comparable fiscal years — 18.6 percentage points of standard deviation against 7.8.
17 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 MPC over these 17 fiscal years — CVX led in 3 and MPC in 14.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.