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BP vs Valero Energy: BP and VLO compared
BP is the larger company: $47.7B of revenue in its latest quarter (Q2 2025) against $46.1B for Valero Energy (Q3 2026). Valero Energy is growing faster (+43% against -1% a year earlier). Valero Energy is more profitable, with an operating margin of 19.7% against 8.5%.
Where the money goes: BP and VLO
BP (BP) · Q2 2025
BP, Q2 2025: revenue $47.7B (-1% year over year), operating margin 8.5%, net earnings $1.6B, operating cash flow $6.3B. The chart follows the revenue to costs, profit and cash.
Valero Energy (VLO) · Q3 2026
Valero Energy, Q3 2026: revenue $46.1B (+43% year over year), operating margin 19.7%, net earnings $6.8B, operating cash flow $6.9B. The chart follows the revenue to costs, profit and cash.
| BP (BP) | Valero Energy (VLO) | |
|---|---|---|
| Latest quarter | Q2 2025 | Q3 2026 |
| Revenue | $47.7B | $46.1B |
| Revenue growth, Y/Y | -1% | +43% |
| Operating margin | 8.5% | 19.7% |
| Net earnings | $1.6B | $6.8B |
| Net margin | 3.4% | 14.8% |
| Operating cash flow | $6.3B | $6.9B |
| Market value | $114.7B | $100.1B |
| P/E | 88.6× | 7.9× |
| Analysts’ mean target | $55.31 | $427.00 |
Where the revenue comes from
Valero Energy
- Refining: $44.4B (96%)
- Ethanol: $1.1B (2%)
- Renewable Diesel: $664M (1%)
Questions
Which is bigger, BP or Valero Energy?
BP is the larger company: $47.7B of revenue in its latest quarter (Q2 2025) against $46.1B for Valero Energy (Q3 2026).
Is BP or Valero Energy growing faster?
Valero Energy is growing faster (+43% against -1% a year earlier).
Which is more profitable, BP or Valero Energy?
Valero Energy is more profitable, with an operating margin of 19.7% against 8.5%.
More: BP earnings · how BP makes money · Valero Energy earnings · how Valero Energy makes money
From the companies' latest 10-Q, 10-K or earnings release (6-K filed Aug 5, 2025; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.