sectors
Energy
Chevron combines upstream and downstream activities, while ConocoPhillips provides an upstream-focused comparison. Physical production, realized prices, operating costs and investment needs all influence financial results; physical growth cannot be read as a direct earnings forecast. Coverage in this edition: Chevron Corporation (CVX), ConocoPhillips (COP). Reading approach Distinguish sales and operating revenue from total revenue and other income. Keep GAAP operating cash flow separate from company-defined CFO and adjusted earnings. Comparison limits Commodity prices, acquisitions, asset sales and production mix can change the comparison. The selected annual observations do not represent current commodity prices or forward guidance. Classification note Sector names are editorial research groupings for this website, not a licensed or issuer-confirmed classification. Figures, dates and source links are provided on the company and report pages.
Integrated energy and upstream cash measures: Reported FY2025 Results →