| Stage | CVX | % of rev | COP | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $70.1B | 100.00% | $19.5B | 100.00% | CVX ×3.59 |
| Gross profit | $33.4B | 47.75% | $12.0B | 61.56% | COP +13.8pp |
| Operating income | $17.0B | 24.32% | $6.2B | 31.96% | COP +7.6pp |
| Pre-tax income | $16.7B | 23.82% | $6.1B | 31.15% | COP +7.3pp |
| Net income | $12.2B | 17.43% | $3.9B | 20.14% | COP +2.7pp |
| Stage | CVX | COP | Gap · A − B |
|---|---|---|---|
| Revenue | $70.1B100.00% | $19.5B100.00% | CVX ×3.59 |
| Gross profit | 47.75%$33.4B | 61.56%$12.0B | COP +13.8pp |
| Operating income | 24.32%$17.0B | 31.96%$6.2B | COP +7.6pp |
| Pre-tax income | 23.82%$16.7B | 31.15%$6.1B | COP +7.3pp |
| Net income |
| 17.43%$12.2B |
| 20.14%$3.9B |
| COP +2.7pp |
CVX · ASPN 10-KMar 13 '26
“In addition, we believe our aerogel blankets are used by 24 of the world's 25 largest refining companies, including ExxonMobil, Shell, and Chevron, among others.”
COP · ASPN 10-KMar 13 '26
“Our aerogel blankets are in use in several Canadian oil sands facilities owned and operated by Suncor Energy, ConocoPhillips, and Husky Energy, among others.”
CVX · LB 10-KFeb 26 '26
“Our mineral interests are leased to some of the top operators in the Delaware Basin, including APA Corporation, Chevron, ConocoPhillips and Occidental Petroleum.”
COP · LB 10-KFeb 26 '26
“For the year ended December 31, 2025, revenues from WaterBridge, VTX Energy and ConocoPhillips each individually comprised more than 10% of our total revenues and collectively represented 47% of our total revenues.”