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Conocophillips vs Marathon Petroleum: revenue, profit, margins and growth compared

Conocophillips brought in $58.9B of revenue in fiscal 2025, Marathon Petroleum $132.7B in fiscal 2025. Revenue changed by +7.7% at Conocophillips and -4.4% at Marathon Petroleum on the year before, so Conocophillips grew faster. Conocophillips kept 13.6% of its revenue as net profit, Marathon Petroleum 3.0%.

Side by side, latest fiscal year

COPMPC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$58.9B$132.7B
Revenue growth+7.7%-4.4%
Net income$8B$4B
Net margin13.6%3.0%
Free cash flown/a$4.8B
Free cash flow marginn/a3.6%
Earnings per share (diluted)$6.35$13.22
Cash$6.5B$3.7B
Debt$22.4B$33.3B
Price to earnings20.129.8
Market value$152.9B$110.5B
Dividend yield2.50%0.95%
Rank by revenue in sector#7 of 129 · Energy#3 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: $58.9BMPC FY2018: $86.1BMPC FY2019: $111.1BMPC FY2020: $69.8BMPC FY2021: $120BMPC FY2022: $177.5BMPC FY2023: $148.4BMPC FY2024: $138.9BMPC FY2025: $132.7BFY18FY19FY20FY21FY22FY23FY24FY25
COP $58.9BMPC $132.7B
Net income
COP FY2018: $6.3BCOP FY2019: $7.2BCOP FY2020: -$2.7BCOP FY2021: $8.1BCOP FY2022: $18.7BCOP FY2023: $11BCOP FY2024: $9.2BCOP FY2025: $8BMPC FY2018: $2.8BMPC FY2019: $2.6BMPC FY2020: -$9.8BMPC FY2021: $9.7BMPC FY2022: $14.5BMPC FY2023: $9.7BMPC FY2024: $3.4BMPC FY2025: $4BFY18FY19FY20FY21FY22FY23FY24FY25
COP $8BMPC $4B
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%MPC FY2018: 3.2%MPC FY2019: 2.4%MPC FY2020: -14.1%MPC FY2021: 8.1%MPC FY2022: 8.2%MPC FY2023: 6.5%MPC FY2024: 2.5%MPC FY2025: 3.0%FY18FY19FY20FY21FY22FY23FY24FY25
COP 13.6%MPC 3.0%
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%MPC FY2019: +29.1%MPC FY2020: -37.2%MPC FY2021: +71.9%MPC FY2022: +47.9%MPC FY2023: -16.4%MPC FY2024: -6.4%MPC FY2025: -4.4%FY19FY20FY21FY22FY23FY24FY25
COP +7.7%MPC -4.4%
Free cash flow
COP FY2018: $6.2BCOP FY2019: $4.5BCOP FY2020: $87MCOP FY2021: $11.7BCOP FY2022: $18.2BMPC FY2018: $3BMPC FY2019: $4.6BMPC FY2020: -$368MMPC FY2021: $2.9BMPC FY2022: $13.9BMPC FY2023: $12.2BMPC FY2024: $6.1BMPC FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
COP $18.2BMPC $4.8B

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

Questions about Conocophillips and Marathon Petroleum

Which is bigger by revenue, Conocophillips or Marathon Petroleum?

Marathon Petroleum is bigger by revenue: $132.7B in fiscal 2025, against $58.9B for Conocophillips in fiscal 2025.

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

Conocophillips had a net margin of 13.6% in fiscal 2025; Marathon Petroleum had 3.0% in fiscal 2025.

Which grew revenue faster, Conocophillips or Marathon Petroleum?

In their latest fiscal years revenue changed by +7.7% at Conocophillips and -4.4% at Marathon Petroleum.

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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