BP vs ExxonMobil
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The short version
- ExxonMobil is the larger business, with $332.2B of revenue in fiscal 2025 against $192.5B for BP, about 1.7 times as much.
- BP grew revenue faster (−1.1%, against −5.0%).
- ExxonMobil turned more of its sales into free cash flow (7.1% FCF margin, against 5.9%).
- ExxonMobil earned a higher return on the capital invested in it (10.3%, against 6.5%).
| Latest fiscal year | BP · FY25 | XOM · FY25 |
|---|---|---|
| Size | ||
| Market cap | — | $764.7B |
| Revenue | $192.5B | $332.2B |
| Free cash flow | $11.3B | $23.6B |
| Net income | $55.0M | $28.8B |
| Growth | ||
| Revenue growth | −1.1% | −5.0% |
| 5-year growth | 12.0% | 12.9% |
| Share count change | — | 0.2% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 6.6% | — |
| Net margin | 0.0% | 8.7% |
| FCF margin | 5.9% | 7.1% |
| Return on capital | 6.5% | 10.3% |
| Return on equity | 0.1% | 11.0% |
| Balance sheet | ||
| Net debt | $21.4B | $32.8B |
| Net debt / EBITDA | 0.7x | 0.5x |
| Dividends and buybacks | $9.5B | $37.5B |
| Valuation & quality | ||
| P/E | — | 23.5x |
| Piotroski F-score | — | 4 |
Revenue
FY16
BP $186.6B
XOM $200.6B
FY17
BP $244.6B
XOM $244.4B
FY18
BP $303.7B
XOM $290.2B
FY19
BP $163.5B
XOM $264.9B
FY20
BP $109.1B
XOM $181.5B
FY21
BP $164.2B
XOM $285.6B
FY22
BP $248.9B
XOM $413.7B
FY23
BP $213.0B
XOM $344.6B
FY24
BP $194.6B
XOM $349.6B
FY25
BP $192.5B
XOM $332.2B
BP
XOM
Operating margin
FY16
BP −0.2%
XOM —
FY17
BP 3.9%
XOM —
FY18
BP 6.4%
XOM —
FY19
BP 7.2%
XOM —
FY20
BP −19.9%
XOM —
FY21
BP 11.0%
XOM —
FY22
BP 7.3%
XOM —
FY23
BP 12.8%
XOM —
FY24
BP 5.8%
XOM —
FY25
BP 6.6%
XOM —
BP
XOM
Free cash flow
FY16
BP −$6.0B
XOM $5.9B
FY17
BP $2.4B
XOM $14.7B
FY18
BP $6.2B
XOM $16.4B
FY19
BP $10.4B
XOM $5.4B
FY20
BP −$144M
XOM −$2.6B
FY21
BP $12.7B
XOM $36.1B
FY22
BP $28.9B
XOM $58.4B
FY23
BP $17.8B
XOM $33.5B
FY24
BP $12.0B
XOM $30.7B
FY25
BP $11.3B
XOM $23.6B
BP
XOM
Return on capital
FY16
BP —
XOM 4.0%
FY17
BP 3.5%
XOM 8.7%
FY18
BP 7.9%
XOM 9.4%
FY19
BP 4.2%
XOM 6.5%
FY20
BP −12.6%
XOM −9.3%
FY21
BP 8.1%
XOM 11.0%
FY22
BP 8.1%
XOM 27.1%
FY23
BP 17.8%
XOM 17.4%
FY24
BP 5.6%
XOM 14.0%
FY25
BP 6.5%
XOM 10.3%
BP
XOM
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.