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) and market value ($727.8B vs $435.6B). Chevron trades at the lower trailing P/E (21.4x vs 22.4x).
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% |
| Long-term debt / equity | 0.21× | 0.13× |
| Market cap | $435.55B | $727.85B |
| P/E | 21.4× | 22.4× |
Fundamentals are from each company’s SEC filings (CVX FY2025, XOM 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 |
| XOM | $276.69B | $413.68B | $344.58B | $349.58B | $332.24B |
Peer standing
Where each company ranks among the 133 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%54th percentile of 128 | 8.7%55th percentile of 128 |
| FCF margin | 9.0%68th percentile of 76 | 7.1%53rd percentile of 76 |
| Revenue growth (YoY) | -4.6%31st percentile of 131 | -5.0%29th percentile of 131 |
| ROE | 6.4%50th percentile of 104 | 10.8%65th percentile of 104 |
| P/E | 21.4×70th percentile of 84 | 22.4×73rd percentile of 84 |
| Long-term debt / equity | 0.21×22nd percentile of 87 | 0.13×14th percentile of 87 |
| Short interest (days to cover) | 2.05d15th percentile of 131 | 2.64d22nd percentile of 131 |
Short interest
| FINRA settlement data | CVX | XOM |
|---|---|---|
| Shares sold short | 23.7M | 39.2M |
| Change vs prior settlement | +13.9% | -1.2% |
| Days to cover | 2.05 | 2.64 |
| As of settlement | 2026-09-30 | 2026-09-30 |
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 activity (codes P/S) | CVX | XOM |
|---|---|---|
| Buys | 0 | — |
| Sells | 14 ($228.6M) | — |
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.
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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.