21companies in Energy
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Compare companies, side by side

The same facts from the filings for each company in a group, where each stands among the others, and what each wrote about a topic in its latest 10-K.

Group median · 21 companies
Sales growth
-0.3%
Gross margin
34%
Operating margin
26%
Net margin
13%
Where each stands

The 3 largest, ranked among the group

Each corner is the share of Energy companies the company is above on that ratio. The dashed line is the middle of the group. A rank, not a score.

XOM ExxonMobil
Revenue $334.2B, last twelve months
Year by year
Revenue growth: -5.0%, above 20% of 20 peers (their median 1.8%) REVENUE GROWTH -5.0% · above 20% Net margin: 7.6%, above 5% of 20 peers (their median 14.8%) NET MARGIN 7.6% · above 5% FCF margin: 5.6%, above 15% of 13 peers (their median 12.4%) FCF MARGIN 5.6% · above 15%
Sales growth
-5.0%
Operating margin
-
FCF margin
5.6%

4 paragraphs of its Risk Factors mention Tariffs, against 4 the year before.

CVX Chevron Corporation
Revenue $233.3B, last twelve months
Year by year
Revenue growth: -6.8%, above 10% of 20 peers (their median 1.8%) REVENUE GROWTH -6.8% · above 10% Gross margin: 42.4%, above 71% of 7 peers (their median 25.2%) GROSS MARGIN 42.4% · above 71% Net margin: 11.6%, above 45% of 20 peers (their median 14.8%) NET MARGIN 11.6% · above 45% FCF margin: 14.6%, above 62% of 13 peers (their median 11.9%) FCF MARGIN 14.6% · above 62%
Sales growth
-6.8%
Operating margin
-
FCF margin
15%

4 paragraphs of its Risk Factors mention Tariffs, against 4 the year before.

MPC Marathon Petroleum
Revenue $174.8B, last twelve months
Year by year
Revenue growth: -4.4%, above 30% of 20 peers (their median 1.8%) REVENUE GROWTH -4.4% · above 30% Gross margin: 15.9%, above 29% of 7 peers (their median 41.8%) GROSS MARGIN 15.9% · above 29% Operating margin: 12.5%, above 8% of 12 peers (their median 27.3%) OPERATING MARGIN 12.5% · above 8% Net margin: 8.4%, above 10% of 20 peers (their median 14.8%) NET MARGIN 8.4% · above 10% FCF margin: 11.9%, above 46% of 13 peers (their median 12.4%) FCF MARGIN 11.9% · above 46% Return on capital: 12.4%, above 83% of 12 peers (their median 8.4%) RETURN ON CAPITAL 12.4% · above 83%
Sales growth
-4.4%
Operating margin
13%
FCF margin
12%

8 paragraphs of its Risk Factors mention Tariffs, against 9 the year before.

From the filings

Energy: the same facts for each company

Showing 12 of 21, largest revenue first
Company Revenue, 12 months Sales growth Gross / operating margin Net margin Debt / equity Accounting items Insider buys Investors Open
XOM ExxonMobil
$334.2B
-5.0%
GM -OM -
7.6% 0.19 0 of 5to read 0 0 10-K
CVX Chevron Corporation
$233.3B
-6.8%
GM 42%OM -
12% 0.17 2 of 6to read 0 0 10-K
MPC Marathon Petroleum
$174.8B
-4.4%
GM 16%OM 13%
8.4% 1.42 2 of 6to read 0 0 10-K
PSX Phillips 66
$168.2B
-7.5%
GM 15%OM -
7.5% 0.54 2 of 6to read 0 0 10-K
VLO Valero Energy
$153.3B
-5.5%
GM 12%OM 11%
8.4% 0.39 1 of 6to read 0 0 10-K
COP ConocoPhillips
$67.7B
+7.7%
GM 51%OM -
17% 0.35 0 of 6to read 0 0 10-K
OKE Oneok
$43.2B
+55%
GM 25%OM 14%
9.4% 1.22 1 of 6to read 0 0 10-K
SLB Schlumberger
$36.9B
-1.6%
GM -OM -
8.4% 0.43 2 of 6to read 0 0 10-K
EOG EOG Resources
$29.7B
-4.5%
GM -OM 36%
28% 0.24 1 of 6to read 0 0 10-K
BKR Baker Hughes
$28.7B
-0.3%
GM -OM -
10% 0.91 0 of 6to read 1 0 10-K
OXY Occidental Petroleum
$25.0B
-1.9%
GM -OM -
30% 0.25 0 of 6to read 0 0 10-K
HAL Halliburton
$22.5B
-3.3%
GM -OM 13%
8.9% 0.64 1 of 6to read 0 0 10-K
Sales growth is the last fiscal year against the one before; margins are over the last twelve months. Where each comes from

How to read this page

  • A radar shows where a company ranks among its group on six ratios. A corner at the edge means it is above every other company on that ratio.
  • A table row lists the facts as the filings give them: revenue, growth, margins, debt to equity, the accounting checks, insider buying and followed investors holding.
  • A bubble to the right grew faster, and one higher up kept more of its sales as free cash flow.
  • A bar is paragraphs that mention the topic this year, and the mark on it is last year.

Risk Factors and XBRL figures from each company's latest 10-K, read nightly from SEC EDGAR. Nothing here is a rating.

By topic · 10-K Item 1A

Tariffs: paragraphs that mention it

HAL 19 vs 5 KMI 19 vs 12 WMB 17 vs 16 OKE 15 vs 15 EQT 11 vs 11 VLO 11 vs 5 FANG 10 vs 2 TRGP 9 vs 9 MPC 8 vs 9 BKR 7 vs 2 EOG 7 vs 7 DVN 6 vs 2 APA 4 vs 1 COP 4 vs 2 CVX 4 vs 4
All 26 companies
OXY 4 vs 3 XOM 4 vs 4 PSX 3 vs 6 EXE 1 vs 1 SLB 1 vs 0 TPL 1 vs 1 AM 0 vs 0 AR 0 vs 0 ARLP 0 vs 0 AROC 0 vs 0 BSM 0 vs 0

Risk Factors paragraphs in each company's latest 10-K, most mentions first. The bar is this year and the mark is last year. 32 companies have no 10-K downloaded yet.

In their words

What the companies wrote

The paragraphs as filed, each linked to its filing on sec.gov

KMI KINDER MORGAN, INC.

19 paragraphs

Changes in tariffs and trade restrictions can be announced with little or no advance notice. The adoption and expansion of tariffs or other trade restrictions, increasing trade tensions, or other changes in governmental policies related to taxes, tariffs, trade agreements …

Item 1A, Risk Factors, 10-K Feb 13, 2026

The FERC or state public utility commissions, such as the CPUC, may establish pipeline tariff rates that have a negative impact on us. In addition, the FERC, state public utility commissions, or our customers could initiate proceedings or file complaints challenging the tariff rates charged by our pipelines, which could have an adverse impact on us.

Item 1A, Risk Factors, 10-K Feb 13, 2026

WMB WILLIAMS COMPANIES, INC.

17 paragraphs

• General economic, financial markets, or industry downturns, including increased inflation, interest rates, or tariffs;

Item 7, MD&A, 10-K Feb 24, 2026

• Inflation, interest rates, tariffs on foreign-made materials and goods (including steel and steel pipes) necessary to conduct business, and general economic conditions (including future disruptions and volatility in the global credit markets and the impact of these events on customers and suppliers);

Item 1A, Risk Factors, 10-K Feb 24, 2026

OKE ONEOK INC /NEW/

15 paragraphs

… Shippers may protest our pipeline tariff filings, and the FERC or state regulatory authorities may investigate and require changes to tariff terms as a result of the protests or complaints. Further, the FERC may order refunds of amounts collected under …

Item 1A, Risk Factors, 10-K Feb 24, 2026

… Additionally, shippers, the FERC and/or state regulatory agencies may investigate our tariff rates which could result in, among other things, our being ordered to reduce rates or make refunds to shippers.

Item 1A, Risk Factors, 10-K Feb 24, 2026

EQT EQT Corp

11 paragraphs

… It is uncertain at this time to what extent such changes in regulations and tariffs will impact our business. Tariffs on foreign goods and services could result in other countries instituting tariffs on U.S. goods and services, which could …

Item 7, MD&A, 10-K Feb 18, 2026

• domestic, local and foreign governmental regulations, tariffs and taxes, including environmental and climate change regulation.

Item 1A, Risk Factors, 10-K Feb 18, 2026

VLO VALERO ENERGY CORP/TX

11 paragraphs

… tariffs, our Renewable Diesel segment was subject to new tariffs on renewable feedstocks imported into the U.S. These tariffs have at times made the use of certain feedstocks, particularly foreign-sourced feedstocks, economically impractical and resulted in reduced margins …

Item 7, MD&A, 10-K Feb 25, 2026

… During 2025, we became subject to newly imposed tariffs on certain foreign-sourced renewable feedstocks, resulting in higher costs for those feedstocks. Furthermore, these tariffs resulted in increased demand for qualifying domestic feedstocks and, consequently, higher market prices for domestic …

Item 7, MD&A, 10-K Feb 25, 2026
Show all 26 companies' quotes

FANG Diamondback Energy, Inc.

10 paragraphs

Changes in tariffs and trade restrictions can be announced with little or no advance notice. The adoption and expansion of tariffs or other trade restrictions, increasing trade tensions, or other changes in governmental policies related to taxes and tariffs, are …

Item 1A, Risk Factors, 10-K Feb 25, 2026

• Changes in U.S. trade policy and the impact of tariffs may have a material adverse impact on our business and results of operations.

Item 1A, Risk Factors, 10-K Feb 25, 2026

TRGP Targa Resources Corp.

9 paragraphs

• general economic conditions and economic conditions impacting our primary markets, including the impact of proposed tariffs, inflation and increases in interest rates and associated changes in monetary policy;

Item 1A, Risk Factors, 10-K Feb 19, 2026

… The ICA requires that we maintain tariffs on file with FERC for each of these common carrier pipelines that have not been granted a waiver. With respect to pipelines that have been granted a waiver of the ICA and related …

Item 1A, Risk Factors, 10-K Feb 19, 2026

MPC Marathon Petroleum Corp

8 paragraphs

• tariffs on goods, including crude oil and other feedstocks, imported into the United States;

Item 1A, Risk Factors, 10-K Feb 26, 2026

Distribution costs, excluding depreciation and amortization, were $5.86 billion and $5.65 billion for 2024 and 2023, respectively, and include fees paid to MPLX of $3.95 billion and $3.84 billion for 2024 and 2023, respectively. On a per barrel basis, distribution costs, excluding depreciation and amortization, increased $0.15 primarily due to higher pipeline tariff rates and logistics fee escalations.

Item 7, MD&A, 10-K Feb 26, 2026

BKR Baker Hughes Co

7 paragraphs

In addition, we are subject to changes to the U.S. and foreign country tariffs, international trade agreements and policies. This includes proposed and enacted tariffs by the U.S. and foreign governments. Expansion of trade restrictions, changes to government policies related to tariffs or trade agreements could adversely affect our financial condition, results of operations and cash flows.

Item 1A, Risk Factors, 10-K Feb 5, 2026

… administrative policy have led to significant increases in tariffs on goods imported into the U.S., particularly tariffs on products manufactured in Europe, Mexico and China. These tariffs, and additional proposed tariffs or other restrictive changes, have resulted, and may …

Item 1A, Risk Factors, 10-K Feb 5, 2026

EOG EOG RESOURCES INC

7 paragraphs

• geopolitical factors and political conditions and developments around the world (such as the imposition of tariffs or trade or other economic sanctions, political instability and armed conflicts), including in the areas in which EOG operates;

Item 7, MD&A, 10-K Feb 24, 2026

• worldwide economic conditions, geopolitical factors and political conditions, including, but not limited to, tariffs; trade policies, trade agreements and trade restrictions; other economic sanctions or barriers; and political instability or armed conflicts in oil and gas producing regions;

Item 1A, Risk Factors, 10-K Feb 24, 2026

DVN DEVON ENERGY CORP/DE

6 paragraphs

• changes in trade relations and policies, such as (i) the imposition of new or increased tariffs or other trade protection measures by the U.S., China or other countries, (ii) environmental performance standards or similar fossil fuel import restrictions in certain international markets, (iii) economic sanctions, including embargoes, on Russia or other producing countries or (iv) restrictions on oil, gas and NGL exports by the U.S.; and

Item 1A, Risk Factors, 10-K Feb 18, 2026

Additionally, the economic uncertainty in global trade arising from geopolitical events and shifting trade policies, such as the imposition of tariffs by the U.S., may contribute to higher inflation rates and disrupt supply chains, negatively impacting our cash flow …

Item 7, MD&A, 10-K Feb 18, 2026

APA APA Corp

4 paragraphs

• laws and policies of the U.S. affecting foreign trade, including trade sanctions and tariffs;

Item 1A, Risk Factors, 10-K Feb 26, 2026

… These uncertainties include the impacts of ongoing international conflicts, inflation, current and potential tariffs or other trade barriers, global trade policies and disputes, and actions taken by foreign oil and gas producing nations, including OPEC+. Despite these uncertainties, the Company …

Item 7, MD&A, 10-K Feb 26, 2026

COP CONOCOPHILLIPS

4 paragraphs

• General domestic and international economic, political and diplomatic developments, including deterioration of international trade relationships; the imposition of trade restrictions or tariffs relating to commodities and material or products (such as aluminum and steel) used in the operation of our …

Item 7, MD&A, 10-K Feb 17, 2026

Actions of the U.S., state, local and foreign governments, through sanctions, tax, tariffs and other legislation, executive orders and commercial restrictions, could reduce our operating profitability both in the U.S. and abroad. In certain locations, restrictions on our …

Item 1A, Risk Factors, 10-K Feb 17, 2026

CVX CHEVRON CORP

4 paragraphs

… announced the imposition of various changing tariffs on imports from our trade partners. The tariff impact in 2025 was less than one percent of the company’s third party spend and was not material to the company’s financial results …

Item 7, MD&A, 10-K Feb 24, 2026

… severe weather or civil unrest, delays in construction, global and local supply chain distribution issues, inflation, tariffs or other taxes imposed on goods or services, and market-based prices charged by the industry’s material and service providers. Chevron utilizes …

Item 7, MD&A, 10-K Feb 24, 2026

OXY OCCIDENTAL PETROLEUM CORP /DE/

4 paragraphs

… tariff policy was announced that imposed a 10% base tariff rate on most imports, with higher rates applied to certain countries. Since then, the U.S. has negotiated trade deals, and certain tariff rates have been adjusted or paused amid …

Item 7, MD&A, 10-K Feb 18, 2026

• Domestic and international laws, regulations, tariffs and taxes, shareholder activism or activities by advocacy groups that restrict the exploration, development, production, import or export of hydrocarbons and other products and goods;

Item 1A, Risk Factors, 10-K Feb 18, 2026

XOM EXXON MOBIL CORP

4 paragraphs

During 2025, the U.S. announced a variety of trade-related actions, including the imposition of tariffs on imports from several countries. In response, many countries announced their own retaliatory tariffs. Despite the current uncertainty as to what effects these actions will ultimately have on the Corporation, our suppliers and our customers, as well as on the overall macroeconomic environment, we do not anticipate any material near-term financial impacts.

Item 7, MD&A, 10-K Feb 18, 2026

… Government actions intended to reduce greenhouse gas emissions include adoption of cap and trade regimes, carbon taxes, carbon accounting, carbon-based import duties or other trade tariffs, minimum renewable usage requirements, restrictive permitting, increased mileage and other efficiency standards, mandates …

Item 1A, Risk Factors, 10-K Feb 18, 2026

EXE EXPAND ENERGY Corp

1 paragraph

We continue to monitor factors impacting commodity supply and demand situations, including tariffs on steel, and assess their impact on our business, including business partners and customers. As part of the Southwestern Merger, we assumed Southwestern’s oilfield service business …

Item 7, MD&A, 10-K Feb 18, 2026

SLB SLB LIMITED/NV

1 paragraph

… and business conditions in key regions of the world; foreign currency risk; inflation; changes in monetary policy by governments; tariffs; pricing pressure; weather and seasonal factors; unfavorable effects of health pandemics; availability and cost of raw materials; operational modifications, delays …

10-K, 10-K Jan 23, 2026

TPL Texas Pacific Land Corp

1 paragraph

… In addition, ambiguity around tariffs implemented by and towards the United States has created incremental global economic uncertainty, which, in part, contributed to relatively weaker oil prices in 2025. Average Henry Hub natural gas prices during 2025 increased approximately 61 …

Item 7, MD&A, 10-K Feb 18, 2026

AM Antero Midstream Corp

0 paragraphs

Not mentioned in the latest 10-K.

AR ANTERO RESOURCES Corp

0 paragraphs

Not mentioned in the latest 10-K.

ARLP ALLIANCE RESOURCE PARTNERS LP

0 paragraphs

Not mentioned in the latest 10-K.

AROC Archrock, Inc.

0 paragraphs

Not mentioned in the latest 10-K.

BSM Black Stone Minerals, L.P.

0 paragraphs

Not mentioned in the latest 10-K.