CVX vs PSX
Chevron Corp. and Phillips 66, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVX | PSX |
|---|---|---|
| Revenue | $189.0B | $132.4B |
| Net income | $12.3B | $4.4B |
| Gross margin | 42.8% | 12.3% |
| Net margin | 6.6% | 3.4% |
| Return on equity | 7.3% | 15.6% |
| Diluted EPS | $6.63 | $10.79 |
| Dividend / share | $6.84 | $4.75 |
| Payout ratio | 103.7% | 43.7% |
| Free cash flow | $16.6B | · |
| Equity | $186.4B | $29.1B |
| Net debt / equity | 0.19× | 0.64× |
| Current ratio | 1.15× | 1.30× |
| Revenue CAGR 5y | 14.8% | 15.6% |
| Profit CAGR 5y | · | · |
CVX bills 1.4× the revenue of PSX, and keeps more of each dollar of revenue as profit (6.6% against 3.4%).
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 | PSX |
|---|---|---|
| FY2025 | $189.0B | $132.4B |
| FY2024 | $202.8B | $143.2B |
| FY2023 | $200.9B | $147.4B |
| FY2022 | $246.3B | $170.0B |
| FY2021 | $162.5B | $111.5B |
| FY2020 | $94.7B | $64.1B |
| FY2019 | $146.5B | $107.3B |
| FY2018 | $166.3B | $111.5B |
| FY2017 | $141.7B | $102.4B |
| FY2016 | $114.5B | $84.3B |
Bottom line
| Fiscal year | CVX | PSX |
|---|---|---|
| FY2025 | $12.3B | $4.4B |
| FY2024 | $17.7B | $2.1B |
| FY2023 | $21.4B | $7.0B |
| FY2022 | $35.5B | $11.0B |
| FY2021 | $15.6B | $1.3B |
| FY2020 | $-5.5B | $-4.0B |
| FY2019 | $2.9B | $3.1B |
| FY2018 | $14.8B | $5.6B |
| FY2017 | $9.2B | $5.1B |
| FY2016 | $-497.0M | $1.6B |
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$56,655,000,000 | CVX |
| FY2024 | +$59,639,000,000 | CVX |
| FY2023 | +$53,550,000,000 | CVX |
| FY2022 | +$76,262,000,000 | CVX |
| FY2021 | +$50,989,000,000 | CVX |
| FY2020 | +$30,563,000,000 | CVX |
| FY2019 | +$39,223,000,000 | CVX |
| FY2018 | +$54,878,000,000 | CVX |
| FY2017 | +$39,368,000,000 | CVX |
| FY2016 | +$30,193,000,000 | CVX |
| FY2015 | +$39,502,000,000 | CVX |
| FY2014 | +$50,758,000,000 | CVX |
| FY2013 | +$57,252,000,000 | CVX |
| FY2012 | +$62,619,000,000 | CVX |
| FY2011 | +$57,775,000,000 | CVX |
| FY2010 | +$58,367,000,000 | CVX |
CVX has reported the higher revenue in every one of these 16 fiscal years. The gap has narrowed since the earliest year compared.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
16 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +3.2 pp | CVX |
| FY2024 | +7.2 pp | CVX |
| FY2023 | +5.7 pp | CVX |
| FY2022 | +7.8 pp | CVX |
| FY2021 | +8.2 pp | CVX |
| FY2020 | −0.1 pp | PSX |
| FY2019 | −1.2 pp | PSX |
| FY2018 | +3.7 pp | CVX |
| FY2017 | +1.0 pp | CVX |
| FY2016 | −2.7 pp | PSX |
| FY2015 | −1.4 pp | PSX |
| FY2014 | +6.2 pp | CVX |
| FY2013 | +7.4 pp | CVX |
| FY2012 | +8.8 pp | CVX |
| FY2011 | +8.4 pp | CVX |
| FY2010 | +9.2 pp | CVX |
The higher net margin has changed hands between CVX and PSX over this period.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CVX's net margin has been more volatile than PSX's over the 16 comparable fiscal years — 5.0 percentage points of standard deviation against 2.8.
16 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 PSX over these 16 fiscal years — CVX led in 12 and PSX in 4.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
PSX's return on equity has been more volatile than CVX's over the 16 comparable fiscal years — 12.8 percentage points of standard deviation against 8.1.
16 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 PSX over these 16 fiscal years — CVX led in 6 and PSX in 10.
16 of 19 comparable fiscal years — a year missing data on either side is not counted.