SECTOR SYSTEM / 10 COVERED ISSUERS
Producers, refiners and service providers respond differently to commodity prices, project spending and capacity utilization.
Realized prices, production volumes, refining economics and capital expenditure.
Commodity cycles, project execution, reserve replacement, environmental liabilities and geopolitical exposure.
Sector medians are descriptive, not fair-value estimates. Dated company ratios use annual denominators and differ in fiscal year end. Historical-multiple series are unavailable. Sources and exclusions are visible on company profiles.
Across 3 eligible energy companies, the equal-weight median capital expenditure as a share of revenue was 5.32% for the prior selected annual periods.
Across 3 eligible energy companies, the equal-weight median capital expenditure as a share of revenue was 4.74% for the latest selected annual periods.
Across 10 eligible energy companies, the equal-weight median operating cash-flow margin was 17.24% for the prior selected annual periods.
Across 10 eligible energy companies, the equal-weight median operating cash-flow margin was 17.12% for the latest selected annual periods.
Across 10 eligible energy companies, the equal-weight median equity as a share of assets was 43.61% for the prior selected annual periods.
Across 10 eligible energy companies, the equal-weight median equity as a share of assets was 46.58% for the latest selected annual periods.
Across 10 eligible energy companies, the equal-weight median net margin was 9.92% for the prior selected annual periods.
Across 10 eligible energy companies, the equal-weight median net margin was 8.06% for the latest selected annual periods.
Across 10 eligible energy companies, the equal-weight median revenue growth was -2.13% for the prior selected annual periods.
Across 10 eligible energy companies, the equal-weight median revenue growth was -4.57% for the latest selected annual periods.
Baker Hughes Co
Annual revenue of USD 27.733 billion and net income of USD 2.588 billion for the period ended 2025-12-31.
CONOCOPHILLIPS
A two-period review of COP revenue, profitability and cash conversion; reported revenue growth was 4.87%.
CONOCOPHILLIPS
Annual revenue of USD 51.824 billion and net income of USD 7.988 billion for the period ended 2025-12-31.
CHEVRON CORP
A two-period review of CVX revenue, profitability and cash conversion; reported revenue growth was -4.64%.
CHEVRON CORP
Annual revenue of USD 184.432 billion and net income of USD 12.299 billion for the period ended 2025-12-31.
Sector research
A research framework for 10 covered energy issuers, with explicit attention to financial comparability.