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BP vs Valero Energy: revenue, profit, margins and growth compared

BP brought in $192.5B of revenue in fiscal 2025, Valero Energy $122.7B in fiscal 2025. Revenue changed by -1.1% at BP and -5.5% at Valero Energy on the year before, so BP grew faster. BP kept 0.0% of its revenue as net profit, Valero Energy 1.9%.

Side by side, latest fiscal year

BPVLO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$192.5B$122.7B
Revenue growth-1.1%-5.5%
Net income$55M$2.3B
Net margin0.0%1.9%
Free cash flown/an/a
Free cash flow marginn/an/a
Earnings per share (diluted)n/a$7.57
Cash$36.6B$4.7B
Debt$58B$8.3B
Price to earningsn/a51.1
Market value$115.6B$111.5B
Dividend yieldn/a1.17%
Rank by revenue in sector#3 of 146 · Energy#7 of 146 · Energy

Over the years

Revenue
BP FY2018: $303.7BBP FY2019: $163.5BBP FY2020: $109.1BBP FY2021: $164.2BBP FY2022: $248.9BBP FY2023: $213BBP FY2024: $194.6BBP FY2025: $192.5BVLO FY2018: $117BVLO FY2019: $108.3BVLO FY2020: $64.9BVLO FY2021: $114BVLO FY2022: $176.4BVLO FY2023: $144.8BVLO FY2024: $129.9BVLO FY2025: $122.7BFY18FY19FY20FY21FY22FY23FY24FY25
BP $192.5BVLO $122.7B
Net income
BP FY2018: $9.4BBP FY2019: $4BBP FY2020: -$20.3BBP FY2021: $7.6BBP FY2022: -$2.5BBP FY2023: $15.2BBP FY2024: $381MBP FY2025: $55MVLO FY2018: $3.1BVLO FY2019: $2.4BVLO FY2020: -$1.4BVLO FY2021: $930MVLO FY2022: $11.5BVLO FY2023: $8.8BVLO FY2024: $2.8BVLO FY2025: $2.3BFY18FY19FY20FY21FY22FY23FY24FY25
BP $55MVLO $2.3B
Net margin
BP FY2018: 3.1%BP FY2019: 2.5%BP FY2020: -18.6%BP FY2021: 4.6%BP FY2022: -1.0%BP FY2023: 7.2%BP FY2024: 0.2%BP FY2025: 0.0%VLO FY2018: 2.7%VLO FY2019: 2.2%VLO FY2020: -2.2%VLO FY2021: 0.8%VLO FY2022: 6.5%VLO FY2023: 6.1%VLO FY2024: 2.1%VLO FY2025: 1.9%FY18FY19FY20FY21FY22FY23FY24FY25
BP 0.0%VLO 1.9%
Revenue growth
BP FY2019: -46.2%BP FY2020: -33.3%BP FY2021: +50.5%BP FY2022: +51.6%BP FY2023: -14.4%BP FY2024: -8.6%BP FY2025: -1.1%VLO FY2019: -7.4%VLO FY2020: -40.1%VLO FY2021: +75.6%VLO FY2022: +54.8%VLO FY2023: -17.9%VLO FY2024: -10.3%VLO FY2025: -5.5%FY19FY20FY21FY22FY23FY24FY25
BP -1.1%VLO -5.5%
Free cash flow
VLO FY2018: $995MVLO FY2019: $2.7BVLO FY2020: -$1.5BVLO FY2021: $3.4BVLO FY2022: $9.8BVLO FY2023: $7.3BVLO FY2024: $4.6BFY18FY19FY20FY21FY22FY23FY24
BPVLO $4.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about BP and Valero Energy

Which is bigger by revenue, BP or Valero Energy?

BP is bigger by revenue: $192.5B in fiscal 2025, against $122.7B for Valero Energy in fiscal 2025.

Which keeps more of its revenue as profit, BP or Valero Energy?

BP had a net margin of 0.0% in fiscal 2025; Valero Energy had 1.9% in fiscal 2025.

Which grew revenue faster, BP or Valero Energy?

In their latest fiscal years revenue changed by -1.1% at BP and -5.5% at Valero Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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