Head-to-head · free
Chevron vs Shell plc
CVX vs SHEL — return on capital, cash generation, margins and balance sheet side by side.
CVX
1 / 5
measures where CVX leads
SHEL
4 / 5
measures where SHEL leads
A simple count of which company scores better on each measure — not a recommendation to buy or sell.
| Measure | CVX · FY2025 | SHEL |
|---|---|---|
| Revenue | $184.4B | — |
| Net income | $12.3B | — |
| Revenue growth (yearly, multi-year) | 4.3% | — |
| Free cash flow | $16.6B | — |
| Free cash flow margin | 9.0% | — |
| Net cash / (debt) | (34.5B) | — |
| ROIC | 5.1% | 7.2% |
| Return on equity | 7.3% | 10.1% |
| Gross margin | 30.4% | 15.9% |
| Operating margin | 9.0% | 10.3% |
| Net debt / EBITDA | 0.89x | 0.32x |
Figures are as reported by each company; latest fiscal year shown.
Where Chevron's cash went (FY2025)
- Capital spending
- $17.3B
- Buybacks
- $12.1B
- Dividends
- $12.8B
- Acquisitions
- $1.0B
- Net debt issued / (repaid)
- $5.9B
Ask which business is stronger
"Which one reinvests at higher returns?" "Who carries more risk in its filings?" Get answers drawn straight from both companies' filings.
Compare them free