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Occidental Petroleum vs Shell: revenue, profit, margins and growth compared

Occidental Petroleum brought in $21.6B of revenue in fiscal 2025, Shell $266.9B in fiscal 2025. Revenue changed by -4.9% at Occidental Petroleum and -6.1% at Shell on the year before, so Occidental Petroleum grew faster. Occidental Petroleum kept 7.5% of its revenue as net profit, Shell 6.7%.

Side by side, latest fiscal year

OXYSHEL
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$21.6B$266.9B
Revenue growth-4.9%-6.1%
Net income$1.6B$17.8B
Net margin7.5%6.7%
Free cash flow$4.1Bn/a
Free cash flow margin19.0%n/a
Earnings per share (diluted)$1.61n/a
Cash$2B$30.2B
Debt$21.4B$75.6B
Price to earnings35.3n/a
Market value$56.8B$272.5B
Dividend yield1.69%n/a
Rank by revenue in sector#20 of 146 · Energy#1 of 146 · Energy

Over the years

Revenue
OXY FY2018: $17.8BOXY FY2019: $20.9BOXY FY2020: $17.8BOXY FY2021: $26BOXY FY2022: $36.6BOXY FY2023: $23.2BOXY FY2024: $22.7BOXY FY2025: $21.6BSHEL FY2018: $388.4BSHEL FY2019: $344.9BSHEL FY2020: $180.5BSHEL FY2021: $261.5BSHEL FY2022: $381.3BSHEL FY2023: $316.6BSHEL FY2024: $284.3BSHEL FY2025: $266.9BFY18FY19FY20FY21FY22FY23FY24FY25
OXY $21.6BSHEL $266.9B
Net income
OXY FY2018: $4.1BOXY FY2019: -$985MOXY FY2020: -$14.8BOXY FY2021: $2.3BOXY FY2022: $13.3BOXY FY2023: $4.7BOXY FY2024: $2.4BOXY FY2025: $1.6BSHEL FY2018: $23.4BSHEL FY2019: $15.8BSHEL FY2020: -$21.7BSHEL FY2021: $20.1BSHEL FY2022: $42.3BSHEL FY2023: $19.4BSHEL FY2024: $16.1BSHEL FY2025: $17.8BFY18FY19FY20FY21FY22FY23FY24FY25
OXY $1.6BSHEL $17.8B
Net margin
OXY FY2018: 23.2%OXY FY2019: -4.7%OXY FY2020: -83.3%OXY FY2021: 8.9%OXY FY2022: 36.3%OXY FY2023: 20.2%OXY FY2024: 10.4%OXY FY2025: 7.5%SHEL FY2018: 6.0%SHEL FY2019: 4.6%SHEL FY2020: -12.0%SHEL FY2021: 7.7%SHEL FY2022: 11.1%SHEL FY2023: 6.1%SHEL FY2024: 5.7%SHEL FY2025: 6.7%FY18FY19FY20FY21FY22FY23FY24FY25
OXY 7.5%SHEL 6.7%
Revenue growth
OXY FY2019: +17.3%OXY FY2020: -14.8%OXY FY2021: +45.8%OXY FY2022: +41.1%OXY FY2023: -36.6%OXY FY2024: -2.2%OXY FY2025: -4.9%SHEL FY2019: -11.2%SHEL FY2020: -47.7%SHEL FY2021: +44.8%SHEL FY2022: +45.8%SHEL FY2023: -17.0%SHEL FY2024: -10.2%SHEL FY2025: -6.1%FY19FY20FY21FY22FY23FY24FY25
OXY -4.9%SHEL -6.1%
Free cash flow
OXY FY2018: $2.7BOXY FY2019: $1BOXY FY2020: $1.4BOXY FY2021: $7.6BOXY FY2022: $12.3BOXY FY2023: $6.6BOXY FY2024: $5.2BOXY FY2025: $4.1BFY18FY19FY20FY21FY22FY23FY24FY25
OXY $4.1BSHEL

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

Questions about Occidental Petroleum and Shell

Which is bigger by revenue, Occidental Petroleum or Shell?

Shell is bigger by revenue: $266.9B in fiscal 2025, against $21.6B for Occidental Petroleum in fiscal 2025.

Which keeps more of its revenue as profit, Occidental Petroleum or Shell?

Occidental Petroleum had a net margin of 7.5% in fiscal 2025; Shell had 6.7% in fiscal 2025.

Which grew revenue faster, Occidental Petroleum or Shell?

In their latest fiscal years revenue changed by -4.9% at Occidental Petroleum and -6.1% at Shell.

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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