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Chevron vs BP: CVX and BP compared
Chevron is the larger company: $67.8B of revenue in its latest quarter (Q3 2026) against $47.7B for BP (Q2 2025). Chevron is growing faster (+36% against -1% a year earlier). Chevron is more profitable, with an operating margin of 20.1% against 8.5%.
Where the money goes: CVX and BP
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) · 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.
| Chevron (CVX) | BP (BP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2025 |
| Revenue | $67.8B | $47.7B |
| Revenue growth, Y/Y | +36% | -1% |
| Operating margin | 20.1% | 8.5% |
| Net earnings | $9.9B | $1.6B |
| Net margin | 14.6% | 3.4% |
| Operating cash flow | $16.0B | $6.3B |
| Free cash flow | $12.0B | — |
| Market value | $417.3B | $114.7B |
| P/E | 15.6× | 88.6× |
| Analysts’ mean target | $243.46 | $55.31 |
Questions
Which is bigger, Chevron or BP?
Chevron is the larger company: $67.8B of revenue in its latest quarter (Q3 2026) against $47.7B for BP (Q2 2025).
Is Chevron or BP growing faster?
Chevron is growing faster (+36% against -1% a year earlier).
Which is more profitable, Chevron or BP?
Chevron is more profitable, with an operating margin of 20.1% against 8.5%.
More: Chevron earnings · how Chevron makes money · BP earnings · how BP makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 6-K filed Aug 5, 2025). Fiscal quarters can end on different dates. Not investment advice.