Chevron vs Exxon Mobil (CVX vs XOM)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Exxon Mobil is the larger company by revenue ($332.2B vs $184.4B). Exxon Mobil trades at the lower trailing P/E (24.8x vs 30.8x).
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 Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas, and manufactures, trades, transports, and sells petroleum products, petrochemicals, and specialty products. The company serves industrial and individual consumers worldwide through its various divisions and affiliates. ExxonMobil also invests in lower-emission energy technologies and conducts extensive research to support its business operations.
Head to head (CVX FY2025 vs XOM FY2025)
| Metric | CVXFY2025 | XOMFY2025 |
|---|---|---|
| Revenue | $184.43B | $332.24B |
| Revenue growth (YoY) | -4.6% | -5.0% |
| Gross margin | 41.3% | — |
| Operating margin | — | — |
| Net margin | 6.7% | 8.7% |
| Net income | $12.30B | $28.84B |
| Diluted EPS | $6.63 | $6.70 |
| FCF margin | 9.0% | 7.1% |
| ROE | 6.4% | 10.8% |
| Debt / equity | 0.2× | 0.1× |
| Market cap | $351.32B | — |
| P/E (TTM) | 30.8× | 24.8× |
Fundamentals are from each company’s SEC filings (CVX FY2025, XOM FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| CVX | $155.61B | $235.72B | $196.91B | $193.41B | $184.43B |
| XOM | $276.69B | $413.68B | $344.58B | $349.58B | $332.24B |
Peer standing
Where each company ranks among the 125 Energy companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | CVX | XOM |
|---|---|---|
| Net margin | 6.7%55th percentile of 120 | 8.7%56th percentile of 120 |
| FCF margin | 9.0%69th percentile of 69 | 7.1%56th percentile of 69 |
| Revenue growth (YoY) | -4.6%31st percentile of 122 | -5.0%30th percentile of 122 |
| ROE | 6.4%52nd percentile of 100 | 10.8%66th percentile of 100 |
| P/E (TTM) | 30.8×75th percentile of 85 | 24.8×63rd percentile of 85 |
| Debt / equity | 0.21×22nd percentile of 83 | 0.13×13th percentile of 83 |
| Short interest (days to cover) | 1.69d12th percentile of 123 | 1.83d16th percentile of 123 |
Short interest
| FINRA settlement data | CVX | XOM |
|---|---|---|
| Shares sold short | 18.9M | 37.8M |
| Change vs prior settlement | -12.7% | -21.2% |
| Days to cover | 1.69 | 1.83 |
| As of settlement | 2026-06-30 | 2026-06-30 |
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 open-market activity | CVX | XOM |
|---|---|---|
| Buys | 0 | — |
| Sells | 10 ($109.4M) | — |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
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Data sourced from SEC EDGAR (public domain). 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.