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Chevron vs Petrobras - Petroleo Brasileiro: revenue, profit, margins and growth compared

Chevron brought in $189B of revenue in fiscal 2025, Petrobras - Petroleo Brasileiro $91.4B in fiscal 2024. Revenue changed by -6.8% at Chevron and -10.7% at Petrobras - Petroleo Brasileiro on the year before, so Chevron grew faster. Chevron kept 6.5% of its revenue as net profit, Petrobras - Petroleo Brasileiro 8.2%.

Side by side, latest fiscal year

CVXPBR
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$189B$91.4B
Revenue growth-6.8%-10.7%
Net income$12.3B$7.5B
Net margin6.5%8.2%
Free cash flow$16.6Bn/a
Free cash flow margin8.8%n/a
Earnings per share (diluted)$6.63$0.58
Cash$7.3B$3.3B
Debt$2.3B$23.2B
Price to earnings30.8n/a
Market value$403.9B$131.3B
Dividend yield3.35%n/a
Rank by revenue in sector#2 of 129 · Energy#6 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: $189BPBR FY2017: $77.9BPBR FY2018: $84.6BPBR FY2019: $76.6BPBR FY2020: $53.7BPBR FY2021: $84BPBR FY2022: $124.5BPBR FY2023: $102.4BPBR FY2024: $91.4BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CVX $189BPBR $91.4B
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: $12.3BPBR FY2017: -$91MPBR FY2018: $7.2BPBR FY2019: $10.2BPBR FY2020: $1.1BPBR FY2021: $19.9BPBR FY2022: $36.6BPBR FY2023: $24.9BPBR FY2024: $7.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CVX $12.3BPBR $7.5B
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%PBR FY2017: -0.1%PBR FY2018: 8.5%PBR FY2019: 13.3%PBR FY2020: 2.1%PBR FY2021: 23.7%PBR FY2022: 29.4%PBR FY2023: 24.3%PBR FY2024: 8.2%FY17FY18FY19FY20FY21FY22FY23FY24FY25
CVX 6.5%PBR 8.2%
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%PBR FY2018: +8.7%PBR FY2019: -9.5%PBR FY2020: -29.9%PBR FY2021: +56.4%PBR FY2022: +48.2%PBR FY2023: -17.7%PBR FY2024: -10.7%FY18FY19FY20FY21FY22FY23FY24FY25
CVX -6.8%PBR -10.7%
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: $16.6BPBR FY2017: $13.5BPBR FY2018: $14.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
CVX $16.6BPBR $14.3B

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

Questions about Chevron and Petrobras - Petroleo Brasileiro

Which is bigger by revenue, Chevron or Petrobras - Petroleo Brasileiro?

Chevron is bigger by revenue: $189B in fiscal 2025, against $91.4B for Petrobras - Petroleo Brasileiro in fiscal 2024.

Which keeps more of its revenue as profit, Chevron or Petrobras - Petroleo Brasileiro?

Chevron had a net margin of 6.5% in fiscal 2025; Petrobras - Petroleo Brasileiro had 8.2% in fiscal 2024.

Which grew revenue faster, Chevron or Petrobras - Petroleo Brasileiro?

In their latest fiscal years revenue changed by -6.8% at Chevron and -10.7% at Petrobras - Petroleo Brasileiro.

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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