Chevron vs. Occidental: Which Energy Stock Will Reign Supreme in 2026?
The energy landscape is shifting, and investors are trying to decide between two major players: Chevron (CVX) and Occidental Petroleum (OXY). Both companies have unique strengths and weaknesses that make them appealing in different ways.
Chevron's massive global footprint, which includes refining and marketing segments, provides stability for the company. In FY 2025, revenue reached nearly $184.4 billion, down from approximately $193.4 billion reported in the previous year. Despite lower top-line results, Chevron generated net income of roughly $12.3 billion for the period.
On the other hand, Occidental Petroleum focuses on exploration and production in the United States, while also investing heavily in carbon capture technologies. In FY 2025, revenue reached nearly $21.6 billion, a significant decline from the $27.1 billion generated in the prior fiscal year.