Chevron Corporation (CVX) vs Exxon Mobil Corporation (XOM)

Chevron Corporation is an integrated energy company engaged in worldwide oil and gas exploration, production, and refining. It is the second-largest oil company in the United States, reporting 2025 net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet of natural gas per day and 2.3 million barrels of liquids per day. The company produces energy across North America, South America, Europe, Africa, Asia, and Australia. Chevron’s refining network is concentrated in the United States and Asia, with total global refining capacity of 1.8 million barrels per day at year-end 2025. At the end of 2025, net proved reserves totaled 10.6 billion barrels of oil equivalent, including 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.

Exxon Mobil Corporation is an integrated oil and gas company engaged in the global exploration, production, and refining of petroleum. In 2025, the company produced 3.3 million barrels of liquids per day and 8.4 billion cubic feet of natural gas daily. As of the end of 2025, ExxonMobil reported 19.3 billion barrels of oil equivalent in reserves, with liquids accounting for 69% of the total. The company is also among the world’s largest refiners, with total global refining capacity of 4.1 million barrels of oil per day, and ranks as a leading producer of both commodity and specialty chemicals.