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BP vs Chevron: BP and CVX compared
BP is the larger company: $68.4B of revenue in its latest quarter (Q3 2026) against $67.8B for Chevron (Q3 2026). BP is growing faster (+41% against +36% a year earlier). Chevron is more profitable, with an operating margin of 20.1% against 12.6%.
Where the money goes: BP and CVX
BP (BP) · Q3 2026
BP, Q3 2026: revenue $68.4B (+41% year over year), operating margin 12.6%, net earnings $4.7B. The chart follows the revenue to costs, profit and cash.
Chevron (CVX) · Q3 2026
Chevron, Q3 2026: revenue $67.8B (+36% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $16.0B. The chart follows the revenue to costs, profit and cash.
| BP (BP) | Chevron (CVX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $68.4B | $67.8B |
| Revenue growth, Y/Y | +41% | +36% |
| Operating margin | 12.6% | 20.1% |
| Net earnings | $4.7B | $9.9B |
| Net margin | 6.9% | 14.6% |
| Operating cash flow | — | $16.0B |
| Free cash flow | — | $12.0B |
| Market value | — | $417.3B |
| P/E | — | 15.2× |
| Analysts’ mean target | — | $243.46 |
Where the revenue comes from
BP
- Oil products: $42.4B (62%)
- Other operating revenues: $11.1B (16%)
- Natural gas, LNG and NGLs: $10.7B (16%)
- Non-oil products and other revenues from contracts with customers: $3.9B (6%)
Questions
Which is bigger, BP or Chevron?
BP is the larger company: $68.4B of revenue in its latest quarter (Q3 2026) against $67.8B for Chevron (Q3 2026).
Is BP or Chevron growing faster?
BP is growing faster (+41% against +36% a year earlier).
Which is more profitable, BP or Chevron?
Chevron is more profitable, with an operating margin of 20.1% against 12.6%.
More: BP earnings · how BP makes money · Chevron earnings · how Chevron makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Oct 30, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.