| Stage | CVX | % of rev | PSX | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $70.1B | 100.00% | $51.5B | 100.00% | CVX ×1.36 |
| Gross profit | $33.4B | 47.75% | $10.7B | 20.76% | CVX +27.0pp |
| Operating income | $17.0B | 24.32% | $7.4B | 14.27% | CVX +10.0pp |
| Pre-tax income | $16.7B | 23.82% | $7.1B | 13.80% | CVX +10.0pp |
| Net income | $12.2B | 17.43% | $5.6B | 10.95% | CVX +6.5pp |
| Stage | CVX | PSX | Gap · A − B |
|---|---|---|---|
| Revenue | $70.1B100.00% | $51.5B100.00% | CVX ×1.36 |
| Gross profit | 47.75%$33.4B | 20.76%$10.7B | CVX +27.0pp |
| Operating income | 24.32%$17.0B | 14.27%$7.4B | CVX +10.0pp |
| Pre-tax income | 23.82%$16.7B | 13.80%$7.1B | CVX +10.0pp |
| Net income |
| 17.43%$12.2B |
| 10.95%$5.6B |
| CVX +6.5pp |
CVX · MUR 10-KFeb 25 '26
“Chevron Corporation 19 % 13 % 16 %”
PSX · MUR 10-KFeb 25 '26
“Phillips 66 N/A 10 % N/A”