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Chevron vs PBF Energy: revenue, profit, margins and growth compared

Chevron brought in $189B of revenue in fiscal 2025, PBF Energy $29.3B in fiscal 2025. Revenue changed by -6.8% at Chevron and -11.4% at PBF Energy on the year before, so Chevron grew faster. Chevron kept 6.5% of its revenue as net profit, PBF Energy -0.5%. Free cash flow was $16.6B at Chevron and -$783.2M at PBF Energy.

Side by side, latest fiscal year

CVXPBF
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$189B$29.3B
Revenue growth-6.8%-11.4%
Net income$12.3B-$158.5M
Net margin6.5%-0.5%
Free cash flow$16.6B-$783.2M
Free cash flow margin8.8%-2.7%
Earnings per share (diluted)$6.63-$1.39
Cash$7.3B$527.9M
Debt$2.3B$2.1B
Price to earnings30.8n/a
Market value$403.9B$8.7B
Dividend yield3.35%n/a
Rank by revenue in sector#2 of 129 · Energy#11 of 129 · Energy

Over the years

Revenue
CVX FY2018: $166.3BCVX FY2019: $146.5BCVX FY2020: $94.7BCVX FY2021: $162.5BCVX FY2022: $246.3BCVX FY2023: $200.9BCVX FY2024: $202.8BCVX FY2025: $189BPBF FY2018: $27.2BPBF FY2019: $24.5BPBF FY2020: $15.1BPBF FY2021: $27.3BPBF FY2022: $46.8BPBF FY2023: $38.3BPBF FY2024: $33.1BPBF FY2025: $29.3BFY18FY19FY20FY21FY22FY23FY24FY25
CVX $189BPBF $29.3B
Net income
CVX FY2018: $14.8BCVX FY2019: $2.9BCVX FY2020: -$5.5BCVX FY2021: $15.6BCVX FY2022: $35.5BCVX FY2023: $21.4BCVX FY2024: $17.7BCVX FY2025: $12.3BPBF FY2018: $128.3MPBF FY2019: $319.4MPBF FY2020: -$1.4BPBF FY2021: $231MPBF FY2022: $2.9BPBF FY2023: $2.1BPBF FY2024: -$533.8MPBF FY2025: -$158.5MFY18FY19FY20FY21FY22FY23FY24FY25
CVX $12.3BPBF -$158.5M
Net margin
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%PBF FY2018: 0.5%PBF FY2019: 1.3%PBF FY2020: -9.2%PBF FY2021: 0.8%PBF FY2022: 6.1%PBF FY2023: 5.6%PBF FY2024: -1.6%PBF FY2025: -0.5%FY18FY19FY20FY21FY22FY23FY24FY25
CVX 6.5%PBF -0.5%
Revenue growth
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%PBF FY2019: -9.9%PBF FY2020: -38.3%PBF FY2021: +80.3%PBF FY2022: +71.8%PBF FY2023: -18.2%PBF FY2024: -13.6%PBF FY2025: -11.4%FY19FY20FY21FY22FY23FY24FY25
CVX -6.8%PBF -11.4%
Free cash flow
CVX FY2018: $16.8BCVX FY2019: $13.2BCVX FY2020: $1.7BCVX FY2021: $21.1BCVX FY2022: $37.6BCVX FY2023: $19.8BCVX FY2024: $15BCVX FY2025: $16.6BPBF FY2018: $520.5MPBF FY2019: $528.6MPBF FY2020: -$827.8MPBF FY2021: $228.2MPBF FY2022: $4.1BPBF FY2023: $678.9MPBF FY2024: -$347.5MPBF FY2025: -$783.2MFY18FY19FY20FY21FY22FY23FY24FY25
CVX $16.6BPBF -$783.2M

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

Questions about Chevron and PBF Energy

Which is bigger by revenue, Chevron or PBF Energy?

Chevron is bigger by revenue: $189B in fiscal 2025, against $29.3B for PBF Energy in fiscal 2025.

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

Chevron had a net margin of 6.5% in fiscal 2025; PBF Energy had -0.5% in fiscal 2025.

Which grew revenue faster, Chevron or PBF Energy?

In their latest fiscal years revenue changed by -6.8% at Chevron and -11.4% at PBF 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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