Side by sideExxonMobil (XOM) and Chevron (CVX)Memos of October 10, 2026
ExxonMobil vs Chevron stock: the numbers side by side (October 2026)
How do ExxonMobil and Chevron compare?
| ExxonMobil XOM | Chevron CVX | |
|---|---|---|
| Revenue growth | -5.0%Year to Dec 2025 | -6.8%Year to Dec 2025 |
| Free cash flow | 23,612US$ millions · Year to Dec 2025 | 16,592US$ millions · Year to Dec 2025 |
| Free cash flow yield | 3.8%Today (Oct 9, 2026) | 4.0%Today (Oct 9, 2026) |
| Net debt (− = net cash) | 32,856US$ millions · Year to Dec 2025 | 34,461US$ millions; US$ per unit; MBOED · Year to Dec 2025 |
| Dividend yield | 2.4%Today (Oct 9, 2026) | 3.4%Today (Oct 9, 2026) |
| P/E, last 12 months | 21.7xToday (Oct 9, 2026) | 20.3xToday (Oct 9, 2026) |
| P/E, next 12 months | 14.8xToday (Oct 9, 2026) | 14.9xToday (Oct 9, 2026) |
| Weighted price forecast, about 1 year | 207.51 (+26 %)October 2027 | 196.84 (-4 %)October 2027 |
| Weighted price forecast, about 3 years | 243.08 (+52 %)October 2029 | 185.45 (-2 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | ExxonMobil | The higher figure |
| Free cash flow | ExxonMobil | The higher figure |
| Free cash flow yield | Chevron | The higher figure |
| Net debt (− = net cash) | — | The lower figure |
| Dividend yield | Chevron | The higher figure |
| P/E, last 12 months | Chevron | The lower figure |
| P/E, next 12 months | ExxonMobil | The lower figure |
| Weighted price forecast, about 1 year | ExxonMobil | The higher weighted return |
| Weighted price forecast, about 3 years | ExxonMobil | The higher weighted return |
What does each company do?
ExxonMobil sells oil, gas, fuels, lubricants, chemicals and specialty materials to energy companies, businesses and consumers.
ExxonMobil (XOM), from our memo of October 10, 2026 · ExxonMobil stock forecast
Chevron sells crude oil, natural gas and natural gas liquids to businesses and consumers.
Chevron (CVX), from our memo of October 10, 2026 · Chevron stock forecast