Filing Flows › Comparisons › CVX vs MPC
Chevron vs Marathon Petroleum: CVX and MPC compared
Chevron is the larger company: $67.8B of revenue in its latest quarter (Q3 2026) against $56.0B for Marathon Petroleum (Q3 2026). Marathon Petroleum is growing faster (+61% against +36% a year earlier). Chevron is more profitable, with an operating margin of 20.1% against 18.7%.
Where the money goes: CVX and MPC
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.
Marathon Petroleum (MPC) · Q3 2026
Marathon Petroleum, Q3 2026: revenue $56.0B (+61% year over year), operating margin 18.7%, net earnings $7.4B, operating cash flow $10.7B. The chart follows the revenue to costs, profit and cash.
| Chevron (CVX) | Marathon Petroleum (MPC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $67.8B | $56.0B |
| Revenue growth, Y/Y | +36% | +61% |
| Operating margin | 20.1% | 18.7% |
| Net earnings | $9.9B | $7.4B |
| Net margin | 14.6% | 13.3% |
| Operating cash flow | $16.0B | $10.7B |
| Free cash flow | $12.0B | $9.6B |
| Market value | $417.3B | $105.7B |
| P/E | 15.2× | 7.4× |
| Analysts’ mean target | $243.46 | $466.94 |
Where the revenue comes from
Marathon Petroleum
- Refining & Marketing: $53.1B (95%)
- Midstream: $1.6B (3%)
- Renewable Diesel: $1.4B (2%)
Questions
Which is bigger, Chevron or Marathon Petroleum?
Chevron is the larger company: $67.8B of revenue in its latest quarter (Q3 2026) against $56.0B for Marathon Petroleum (Q3 2026).
Is Chevron or Marathon Petroleum growing faster?
Marathon Petroleum is growing faster (+61% against +36% a year earlier).
Which is more profitable, Chevron or Marathon Petroleum?
Chevron is more profitable, with an operating margin of 20.1% against 18.7%.
More: Chevron earnings · how Chevron makes money · Marathon Petroleum earnings · how Marathon Petroleum makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.