BP vs ExxonMobil
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KIRA’s take AI analyst
I put BP and ExxonMobil side by side, using each one’s latest annual report. Here is what stands out:
- 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%).
Who comes out ahead
Of the 7 measures where higher (or lower) is clearly better, how many each company leads.
BP
BP
1/7
Revenue growth
ExxonMobil
XOM
6/7
5-year growthNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDA
Side by side
Best in the row
| Latest fiscal year | BP FY25 | XOM FY25 |
|---|---|---|
| Size | ||
| Market cap | — | $770.3B |
| 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 | — | 23.7x |
| Piotroski F-score | — | 4 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
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.

