Chevron vs Occidental Petroleum Corp /de/ (CVX vs OXY)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Chevron is the larger company by revenue ($184.4B vs $21.6B) and market value ($407.2B vs $58.3B). Chevron has grown revenue faster over the last 4 fiscal years (+18.5% cumulative vs -16.9%). Occidental Petroleum Corp /de/ trades at the lower trailing P/E (16.6x vs 20.0x).
About Chevron
Chevron Corporation manages investments in subsidiaries and provides support to its U.S. and international subsidiaries engaged in integrated energy and chemicals operations. Its upstream activities include exploring, developing, producing, and transporting crude oil and natural gas, as well as related processing and transportation services. The downstream operations focus on refining crude oil into petroleum products, marketing fuels and lubricants, manufacturing renewable fuels and petrochemicals, and transporting these products globally. Chevron serves industrial and individual consumers worldwide.
About Occidental Petroleum Corp /de/
Occidental Petroleum Corporation operates in the oil and gas industry. The company is involved in the exploration, production, and marketing of oil, natural gas, and natural gas liquids. It serves customers in North America and internationally through its oil and gas and midstream and marketing segments.
Head to head (CVX FY2025 vs OXY FY2025)
| Metric | CVXFY2025 | OXYFY2025 |
|---|---|---|
| Revenue | $184.43B | $21.57B |
| Revenue growth (YoY) | -4.6% | -2.0% |
| Gross margin | 41.3% | — |
| Operating margin | — | — |
| Net margin | 6.7% | 11.0% |
| Net income | $12.30B | $2.37B |
| Diluted EPS | $6.63 | $1.61 |
| FCF margin | 9.0% | 19.0% |
| ROE | 6.4% | 6.5% |
| Long-term debt / equity | 0.21× | 0.56× |
| Market cap | $407.19B | $58.31B |
| P/E | 20.0× | 16.6× |
Fundamentals are from each company’s SEC filings (CVX FY2025, OXY FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| CVX | $155.61B | $235.72B | $196.91B | $193.41B | $184.43B |
| OXY | $25.96B | $36.23B | $23.16B | $22.02B | $21.57B |
Short interest
| FINRA settlement data | CVX | OXY |
|---|---|---|
| Shares sold short | 20.8M | 21.6M |
| Change vs prior settlement | +0.9% | +3.2% |
| Days to cover | 2.61 | 2.81 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | CVX | OXY |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 14 ($228.6M) | 0 |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
10 tracked 13F managers hold both Chevron and Occidental Petroleum Corp /de/ as of their latest quarterly filings: AQR Capital Management, Berkshire Hathaway, Citadel Advisors, D. E. Shaw, Dodge & Cox, Gotham Asset Management, Millennium Management, Point72 Asset Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.