CVX vs VLO
Chevron Corp. and Valero Energy Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVX | VLO |
|---|---|---|
| Revenue | $189.0B | $122.7B |
| Net income | $12.3B | $2.3B |
| Gross margin | 42.8% | −1.1% |
| Net margin | 6.6% | 1.9% |
| Return on equity | 7.3% | 9.7% |
| Diluted EPS | $6.63 | $7.57 |
| Dividend / share | $6.84 | $4.52 |
| Payout ratio | 103.7% | 59.8% |
| Free cash flow | $16.6B | · |
| Equity | $186.4B | $23.7B |
| Net debt / equity | 0.19× | 0.19× |
| Current ratio | 1.15× | 1.65× |
| Revenue CAGR 5y | 14.8% | 13.6% |
| Profit CAGR 5y | · | · |
CVX bills 1.5× the revenue of VLO, and keeps more of each dollar of revenue as profit (6.6% against 1.9%).
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 | VLO |
|---|---|---|
| FY2025 | $189.0B | $122.7B |
| FY2024 | $202.8B | $129.9B |
| FY2023 | $200.9B | $144.8B |
| FY2022 | $246.3B | $176.4B |
| FY2021 | $162.5B | $114.0B |
| FY2020 | $94.7B | $64.9B |
| FY2019 | $146.5B | $108.3B |
| FY2018 | $166.3B | $117.0B |
| FY2017 | $141.7B | $94.0B |
| FY2016 | $114.5B | $75.7B |
Bottom line
| Fiscal year | CVX | VLO |
|---|---|---|
| FY2025 | $12.3B | $2.3B |
| FY2024 | $17.7B | $2.8B |
| FY2023 | $21.4B | $8.8B |
| FY2022 | $35.5B | $11.5B |
| FY2021 | $15.6B | $930.0M |
| FY2020 | $-5.5B | $-1.4B |
| FY2019 | $2.9B | $2.4B |
| FY2018 | $14.8B | $3.1B |
| FY2017 | $9.2B | $4.1B |
| FY2016 | $-497.0M | $2.3B |
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$66,344,000,000 | CVX |
| FY2024 | +$72,911,000,000 | CVX |
| FY2023 | +$56,183,000,000 | CVX |
| FY2022 | +$69,869,000,000 | CVX |
| FY2021 | +$48,488,000,000 | CVX |
| FY2020 | +$29,780,000,000 | CVX |
| FY2019 | +$38,192,000,000 | CVX |
| FY2018 | +$49,306,000,000 | CVX |
| FY2017 | +$47,742,000,000 | CVX |
| FY2016 | +$38,813,000,000 | CVX |
CVX has reported the higher revenue in every one of these 10 fiscal years. The gap has widened since the earliest year compared.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
10 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +4.7 pp | CVX |
| FY2024 | +6.3 pp | CVX |
| FY2023 | +4.1 pp | CVX |
| FY2022 | +7.5 pp | CVX |
| FY2021 | +8.5 pp | CVX |
| FY2020 | −4.0 pp | VLO |
| FY2019 | −0.8 pp | VLO |
| FY2018 | +5.9 pp | CVX |
| FY2017 | +2.2 pp | CVX |
| FY2016 | −3.8 pp | VLO |
The higher net margin has changed hands between CVX and VLO over this period.
10 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 VLO's over the 10 comparable fiscal years — 5.7 percentage points of standard deviation against 2.4.
10 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 VLO over these 10 fiscal years — CVX led in 7 and VLO in 3.
10 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
VLO's return on equity has been more volatile than CVX's over the 18 comparable fiscal years — 15.0 percentage points of standard deviation against 8.7.
18 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 VLO over these 18 fiscal years — CVX led in 9 and VLO in 9.
18 of 19 comparable fiscal years — a year missing data on either side is not counted.