business
ExxonMobil vs. Chevron: The Illusion of Revenue Scale
Key takeaways
- CVX XOM MSFT NG=F CL=F Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are the undisputed titans of the oil and gas sector.
- Exxon Mobil primarily generates revenue by exploring for, extracting, and refining oil and natural gas globally, while also manufacturing commercial petrochemicals, olefins, and specialized chemical products.
- Chevron recently signed a power agreement with Microsoft (NASDAQ:MSFT) in Texas and posted an earnings before interest and tax (EBIT), or operating margin, of 7% EBIT margin for the quarter ended March 31, 2026.
CVX XOM MSFT NG=F CL=F Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) are the undisputed titans of the oil and gas sector. Both are integrated oil and gas giants and top dividend-paying companies, but one is significantly larger than the other.
Exxon Mobil primarily generates revenue by exploring for, extracting, and refining oil and natural gas globally, while also manufacturing commercial petrochemicals, olefins, and specialized chemical products.
It recently reached a preliminary agreement to supply liquefied natural gas (LNG) to South Africa and secured a Supreme Court ruling in Cuban litigation, while reporting a net income margin of about 5% for the quarter ended March 31, 2026.
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