Chevron vs Marathon Petroleum
Chevron is the larger business, with $189.03bn of revenue in fiscal 2025 against $132.70bn for Marathon Petroleum (1.4 times as much). Marathon Petroleum grew faster (-4.4% against -6.8%). Chevron kept more of each dollar of sales as profit: a net margin of 6.5% against 3.0%.
| Latest fiscal year | ChevronCVX, 2025 | Marathon PetroleumMPC, 2025 |
|---|---|---|
| Revenue | $189.03bn | $132.70bn |
| Revenue growth | -6.8% | -4.4% |
| Net income | $12.30bn | $4.05bn |
| Operating margin | — | — |
| Net margin | 6.5% | 3.0% |
| Return on equity | 7.3% | 23.1% |
| Free cash flow | $16.59bn | $4.77bn |
| Cash | $7.29bn | $3.67bn |
| Total debt | $50.70bn | $33.30bn |
| Debt to equity | 27.2% | — |
| Dividend per share | $6.84 | $3.73 |
| Dividend yield | 3.1% | 1.0% |
| Share buybacks | $12.08bn | $3.49bn |
| Employees | — | 18,500 |
| Market value | $445.73bn | $124.25bn |
| Price vs our value range | Within our value range | — |
| Moat score | 61 (Moderate) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 80 sales | 0 buys, 16 sales |