CVX vs XOM
Chevron Corp. and ExxonMobil Holdings Corp., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CVX | XOM |
|---|---|---|
| Revenue | $189.0B | $332.2B |
| Net income | $12.3B | $28.8B |
| Gross margin | 42.8% | · |
| Net margin | 6.6% | 9.0% |
| Return on equity | 7.3% | 11.0% |
| Diluted EPS | $6.63 | $6.70 |
| Dividend / share | $6.84 | $4.00 |
| Payout ratio | 103.7% | 59.7% |
| Free cash flow | $16.6B | $23.6B |
| Equity | $186.4B | $259.4B |
| Net debt / equity | 0.19× | 0.11× |
| Current ratio | 1.15× | 1.15× |
| Revenue CAGR 5y | 14.8% | 12.9% |
| Profit CAGR 5y | · | · |
XOM bills 1.8× the revenue of CVX, and keeps more of each dollar of revenue as profit (9.0% 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 | CVX | XOM |
|---|---|---|
| FY2025 | $189.0B | $332.2B |
| FY2024 | $202.8B | $349.6B |
| FY2023 | $200.9B | $344.6B |
| FY2022 | $246.3B | $413.7B |
| FY2021 | $162.5B | $285.6B |
| FY2020 | $94.7B | $181.5B |
| FY2019 | $146.5B | $264.9B |
| FY2018 | $166.3B | $290.2B |
| FY2017 | $141.7B | $244.4B |
| FY2016 | $114.5B | $200.6B |
Bottom line
| Fiscal year | CVX | XOM |
|---|---|---|
| FY2025 | $12.3B | $28.8B |
| FY2024 | $17.7B | $33.7B |
| FY2023 | $21.4B | $36.0B |
| FY2022 | $35.5B | $55.7B |
| FY2021 | $15.6B | $23.0B |
| FY2020 | $-5.5B | $-22.4B |
| FY2019 | $2.9B | $14.3B |
| FY2018 | $14.8B | $20.8B |
| FY2017 | $9.2B | $19.7B |
| FY2016 | $-497.0M | $7.8B |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$143,207,000,000 | XOM |
| FY2024 | −$146,793,000,000 | XOM |
| FY2023 | −$143,633,000,000 | XOM |
| FY2022 | −$167,428,000,000 | XOM |
| FY2021 | −$123,175,000,000 | XOM |
| FY2020 | −$86,810,000,000 | XOM |
| FY2019 | −$118,422,000,000 | XOM |
| FY2018 | −$123,873,000,000 | XOM |
| FY2017 | −$102,641,000,000 | XOM |
| FY2016 | −$86,156,000,000 | XOM |
| FY2015 | −$101,377,000,000 | XOM |
| FY2014 | −$182,135,000,000 | XOM |
| FY2013 | −$191,988,000,000 | XOM |
| FY2012 | −$209,600,000,000 | XOM |
| FY2011 | −$213,323,000,000 | XOM |
| FY2010 | −$165,197,000,000 | XOM |
| FY2009 | −$129,864,000,000 | XOM |
XOM has reported the higher revenue in every one of these 17 fiscal years. The gap has widened 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 | −2.4 pp | XOM |
| FY2024 | −1.3 pp | XOM |
| FY2023 | −0.2 pp | XOM |
| FY2022 | +0.5 pp | CVX |
| FY2021 | +1.4 pp | CVX |
| FY2020 | +6.9 pp | CVX |
| FY2019 | −3.6 pp | XOM |
| FY2018 | +1.6 pp | CVX |
| FY2017 | −1.2 pp | XOM |
| FY2016 | −5.0 pp | XOM |
| FY2015 | −3.9 pp | XOM |
| FY2014 | +0.3 pp | CVX |
| FY2013 | +1.2 pp | CVX |
| FY2012 | −0.1 pp | XOM |
| FY2011 | +1.3 pp | CVX |
| FY2010 | +0.6 pp | CVX |
| FY2009 | −0.7 pp | XOM |
The higher net margin has changed hands between CVX and XOM over this period.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XOM's net margin has been more volatile than CVX's over the 17 comparable fiscal years — 5.5 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 XOM over these 17 fiscal years — CVX led in 8 and XOM in 9.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
XOM's return on equity has been more volatile than CVX's over the 19 comparable fiscal years — 11.4 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 CVX and XOM over these 19 fiscal years — CVX led in 1 and XOM in 18.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.