Oil & gas integrated

11 companies · $1.39T combined revenue · $157B operating profit

The typical US-listed oil & gas integrated company grew revenue -5% and earnings -14.4% in its latest year, at a 11.3% operating margin, and 1 of 8 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

-5%Median revenue growth
-14.4%Median earnings growth
-8.2%Median revenue growth, 3 yrs
-25%Median earnings growth, 3 yrs
11.3%Median operating margin
9.8%Median ROCE

Growth engines: the 4 Cylinders

All four working: 0% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more0%
  • Operating leverage · Operating income growing faster than a growing revenue0%
  • Margin expansion · Operating margin up 1 point or more20%
  • Debt reduction · Debt down 5% or more, or net cash9%

Combined revenue · 8 companies reporting in US dollars

Revenue
$0$500B$1,000B$1,500B$2,000BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%10%20%30%FY21FY22FY23FY24FY25

All 11 companies

Median–-5%-14.4%11.3%9.8%0.52x
XOMExxonMobil$332B-5%-14.4%12.4%▲11%▲0.16x▲
CVXChevron$184B-4.6%▲-30.4%▼8.2%▼5.2%▼0.23x▲
SHELShell$267B-6.1%▼9.7%▲12.9%▲12%▲0.43x▲
TTETotalEnergies$201B-6.2%▼-16.7%▼––0.53x▼
PBRPetrobras - Petroleo Brasileiro$91.4B-10.7%▼-69.6%▼29.4%▲17.9%▲0.39x▲
BPBP$193B-1.1%▲5.4%▲6.6%▼6.4%▼1.09x▼
EQNREquinor Asa$106B2.6%▲-42.7%▼23.8%▲–0.65x▼
SUSuncor EnergyCAD 52.4B-4.6%▲-1.6%▲16.5%▲10.8%▲0.22x▲
EEni SpaEUR 82.2B-7.5%▼-0.2%▲6.1%▼–0.52x
CVECenovus EnergyCAD 49.7B-8.4%▼25.1%▲10.2%▼8.8%▼0.70x▼
YPFYPF Sociedad Anonima$18.4B-4.4%▲-133%▼9.4%▼7.9%▼0.98x▼

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).