Chevron vs BP

Chevron Corporation and BP p.l.c. are examined side by side on this page, with a neutral, accessible overview of their business models, financial performance, and the market context in which they operate to provide clear comparative framing. Educational content, not financial advice.

Chevron Corporation and BP p.l.c. are examined side by side on this page, with a neutral, accessible overview of their business models, financial performance, and the market context in which they oper...

Comparison Snapshot

Key Financial Metrics

CVX

Metric

BP

$344.58B

Market Cap

$99.34B

-0.77%

Potential Profit

7.51%

Buy

Analyst Rating

Buy

Why It's Moving

Chevron Surges on Earnings Beat, Dividend Boost, and Venezuelan Expansion Plans

Q4 EPS of $1.52 beat estimates of $1.44, fueled by record global production and sharp cost cuts that bolstered margins amid softer oil prices.
Dividend raised 4% to $1.78 quarterly—marking 39 straight years of increases—underscoring commitment to returns as free cash flow supports payouts.
Plans to boost Venezuelan production 50% without new capex tap U.S. policy easing, adding growth upside but highlighting geopolitical risks.

Sentiment:

🐃Bullish

BP Shares Surge on Oil Price Rebound and Aggressive Buyback Momentum

Brent oil rallied from $60 lows on US-Iran strike risks, Chinese stockpiling, and cold weather lifting gas prices, easing pressures on BP's refining margins.
BP expanded January buybacks to $750 million quarterly and transacted own shares on February 2, signaling strong capital returns to counter oil volatility.
Upcoming February 10 earnings forecast EPS growth to $0.57, up 29.55% year-over-year, with analysts eyeing positive revisions amid sector tailwinds.

Sentiment:

🐃Bullish

Chevron Surges on Earnings Beat, Dividend Boost, and Venezuelan Expansion Plans

Q4 EPS of $1.52 beat estimates of $1.44, fueled by record global production and sharp cost cuts that bolstered margins amid softer oil prices.
Dividend raised 4% to $1.78 quarterly—marking 39 straight years of increases—underscoring commitment to returns as free cash flow supports payouts.
Plans to boost Venezuelan production 50% without new capex tap U.S. policy easing, adding growth upside but highlighting geopolitical risks.

Sentiment:

🐃Bullish

BP Shares Surge on Oil Price Rebound and Aggressive Buyback Momentum

Brent oil rallied from $60 lows on US-Iran strike risks, Chinese stockpiling, and cold weather lifting gas prices, easing pressures on BP's refining margins.
BP expanded January buybacks to $750 million quarterly and transacted own shares on February 2, signaling strong capital returns to counter oil volatility.
Upcoming February 10 earnings forecast EPS growth to $0.57, up 29.55% year-over-year, with analysts eyeing positive revisions amid sector tailwinds.

Sentiment:

🐃Bullish

Investment Analysis

Chevron

CVX

Pros

Chevron's Q3 2025 earnings per share of $1.85 exceeded market forecasts by 5.71%, demonstrating strong profitability.
Production exceeded 4 million barrels of oil equivalent per day, supported significantly by assets in the Permian Basin and Kazakhstan.
Strategic projects such as ACES Green Hydrogen and Ballymore are progressing well, indicating investment in future energy technologies.

Considerations

Chevron's payout ratio is high at 88.03%, which might challenge long-term dividend sustainability.
The company’s net margin of 7.02% is modest, potentially limiting profitability relative to industry peers.
Chevron has a moderate beta of 0.84, indicating lower volatility which may not attract investors seeking higher-risk opportunities.

BP

Pros

BP has demonstrated significant stock price outperformance over the past 12 months, delivering a return of +21%.
BP operates with a diversified global energy portfolio, including renewables, which supports medium-term growth potential.
Higher stock price volatility relative to Chevron suggests greater potential for upside in favourable market conditions.

Considerations

BP's higher volatility (9.01%) compared to Chevron (6.47%) indicates greater price fluctuation and investment risk.
BP's financial metrics and recent analyst scores show some susceptibility to commodity price swings and macroeconomic factors.
Focus on transition energy projects may expose BP to execution risks and capital allocation challenges amid shifting energy prices.

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