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Conocophillips vs Chevron: revenue, profit, margins and growth compared

Conocophillips brought in $58.9B of revenue in fiscal 2025, Chevron $189B in fiscal 2025. Revenue changed by +7.7% at Conocophillips and -6.8% at Chevron on the year before, so Conocophillips grew faster. Conocophillips kept 13.6% of its revenue as net profit, Chevron 6.5%.

Side by side, latest fiscal year

COPCVX
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$58.9B$189B
Revenue growth+7.7%-6.8%
Net income$8B$12.3B
Net margin13.6%6.5%
Free cash flown/a$16.6B
Free cash flow marginn/a8.8%
Earnings per share (diluted)$6.35$6.63
Cash$6.5B$7.3B
Debt$22.4B$2.3B
Price to earnings20.130.8
Market value$152.9B$403.9B
Dividend yield2.50%3.35%
Rank by revenue in sector#7 of 129 · Energy#2 of 129 · Energy

Over the years

Revenue
COP FY2018: $38.7BCOP FY2019: $36.7BCOP FY2020: $18.8BCOP FY2021: $45.8BCOP FY2022: $78.5BCOP FY2023: $56.1BCOP FY2024: $54.7BCOP FY2025: $58.9BCVX FY2018: $166.3BCVX FY2019: $146.5BCVX FY2020: $94.7BCVX FY2021: $162.5BCVX FY2022: $246.3BCVX FY2023: $200.9BCVX FY2024: $202.8BCVX FY2025: $189BFY18FY19FY20FY21FY22FY23FY24FY25
COP $58.9BCVX $189B
Net income
COP FY2018: $6.3BCOP FY2019: $7.2BCOP FY2020: -$2.7BCOP FY2021: $8.1BCOP FY2022: $18.7BCOP FY2023: $11BCOP FY2024: $9.2BCOP FY2025: $8BCVX FY2018: $14.8BCVX FY2019: $2.9BCVX FY2020: -$5.5BCVX FY2021: $15.6BCVX FY2022: $35.5BCVX FY2023: $21.4BCVX FY2024: $17.7BCVX FY2025: $12.3BFY18FY19FY20FY21FY22FY23FY24FY25
COP $8BCVX $12.3B
Net margin
COP FY2018: 16.2%COP FY2019: 19.6%COP FY2020: -14.4%COP FY2021: 17.6%COP FY2022: 23.8%COP FY2023: 19.5%COP FY2024: 16.9%COP FY2025: 13.6%CVX FY2018: 8.9%CVX FY2019: 2.0%CVX FY2020: -5.9%CVX FY2021: 9.6%CVX FY2022: 14.4%CVX FY2023: 10.6%CVX FY2024: 8.7%CVX FY2025: 6.5%FY18FY19FY20FY21FY22FY23FY24FY25
COP 13.6%CVX 6.5%
Revenue growth
COP FY2019: -5.3%COP FY2020: -48.8%COP FY2021: +144.0%COP FY2022: +71.3%COP FY2023: -28.5%COP FY2024: -2.5%COP FY2025: +7.7%CVX FY2019: -11.9%CVX FY2020: -35.4%CVX FY2021: +71.6%CVX FY2022: +51.6%CVX FY2023: -18.4%CVX FY2024: +0.9%CVX FY2025: -6.8%FY19FY20FY21FY22FY23FY24FY25
COP +7.7%CVX -6.8%
Free cash flow
COP FY2018: $6.2BCOP FY2019: $4.5BCOP FY2020: $87MCOP FY2021: $11.7BCOP FY2022: $18.2BCVX FY2018: $16.8BCVX FY2019: $13.2BCVX FY2020: $1.7BCVX FY2021: $21.1BCVX FY2022: $37.6BCVX FY2023: $19.8BCVX FY2024: $15BCVX FY2025: $16.6BFY18FY19FY20FY21FY22FY23FY24FY25
COP $18.2BCVX $16.6B

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

Questions about Conocophillips and Chevron

Which is bigger by revenue, Conocophillips or Chevron?

Chevron is bigger by revenue: $189B in fiscal 2025, against $58.9B for Conocophillips in fiscal 2025.

Which keeps more of its revenue as profit, Conocophillips or Chevron?

Conocophillips had a net margin of 13.6% in fiscal 2025; Chevron had 6.5% in fiscal 2025.

Which grew revenue faster, Conocophillips or Chevron?

In their latest fiscal years revenue changed by +7.7% at Conocophillips and -6.8% at Chevron.

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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