Chevron vs ExxonMobil
ExxonMobil is the larger business, with $332.24bn of revenue in fiscal 2025 against $189.03bn for Chevron (1.8 times as much). ExxonMobil grew faster (-5.0% against -6.8%). ExxonMobil kept more of each dollar of sales as profit: a net margin of 8.7% against 6.5%. ExxonMobil carries less debt relative to equity (16.8% against 27.2%).
| Latest fiscal year | ChevronCVX, 2025 | ExxonMobilXOM, 2025 |
|---|---|---|
| Revenue | $189.03bn | $332.24bn |
| Revenue growth | -6.8% | -5.0% |
| Net income | $12.30bn | $28.84bn |
| Operating margin | — | — |
| Net margin | 6.5% | 8.7% |
| Return on equity | 7.3% | 11.0% |
| Free cash flow | $16.59bn | $23.61bn |
| Cash | $7.29bn | $10.68bn |
| Total debt | $50.70bn | $43.54bn |
| Debt to equity | 27.2% | 16.8% |
| Dividend per share | $6.84 | — |
| Dividend yield | 3.1% | 2.4% |
| Share buybacks | $12.08bn | $20.27bn |
| Employees | — | — |
| Market value | $445.73bn | $724.59bn |
| Price vs our value range | Within our value range | Within our value range |
| Moat score | 61 (Moderate) | 46 (Moderate) |
| Insider trades, 12 months | 0 buys, 80 sales | 0 buys, 0 sales |