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Energy · Oil, Gas & Consumable Fuels · US listing · 🇺🇸 United States
S&P 500Dow Jones
210.78
-0.86%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$184.43bn
FY2016FY2025
Net income
$12.30bn
FY2016FY2025
Free cash flow
$16.59bn
FY2016FY2025
Shareholders' equity
$186.45bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $184.43bn | $193.41bn | $196.91bn | $246.25bn | $155.61bn | $94.47bn | $139.87bn | $158.90bn | $134.67bn | $110.22bn |
| Gross profit | $56.09bn | $56.93bn | $60.39bn | $73.98bn | $45.43bn | $22.82bn | $30.53bn | $44.91bn | $39.56bn | $31.44bn |
| Research and development | $427.0m | $353.0m | $320.0m | $268.0m | $268.0m | $435.0m | $500.0m | $453.0m | $433.0m | $476.0m |
| Operating income | $17.89bn | $29.10bn | $33.79bn | $50.19bn | $16.82bn | −$6.76bn | $6.33bn | $21.32bn | $9.53bn | −$5.47bn |
| Net income | $12.30bn | $17.66bn | $21.37bn | $35.47bn | $15.63bn | −$5.54bn | $2.92bn | $14.82bn | $9.20bn | −$497.0m |
| Diluted earnings per share | 6.16 | 9.94 | 11.44 | 18.47 | 8.13 | -2.90 | 1.56 | 7.77 | 4.82 | -0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $324.01bn | $256.94bn | $261.63bn | $257.71bn | $239.53bn | $239.79bn | $237.43bn | $253.86bn | $253.81bn | $260.08bn |
| Cash and short-term investments | $6.47bn | $6.79bn | $8.22bn | $17.90bn | $5.67bn | $5.63bn | $5.75bn | $10.35bn | $4.82bn | $7.00bn |
| Total liabilities | $131.84bn | $103.78bn | $99.70bn | $97.47bn | $99.59bn | $107.06bn | $92.22bn | $98.22bn | $104.49bn | $113.36bn |
| Debt | $40.76bn | $24.54bn | $20.84bn | $23.34bn | $31.37bn | $44.31bn | $26.97bn | $34.46bn | $38.76bn | $46.13bn |
| Shareholders' equity | $186.45bn | $152.32bn | $160.96bn | $159.28bn | $139.94bn | $131.69bn | $144.21bn | $154.55bn | $148.12bn | $145.56bn |
| Shares outstanding | 1,997m | 1,777m | 1,868m | 1,920m | 1,922m | 1,911m | 1,872m | 1,907m | 1,906m | 1,890m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $33.94bn | $31.49bn | $35.61bn | $49.60bn | $29.20bn | $10.60bn | $27.30bn | $30.62bn | $20.34bn | $12.85bn |
| Capital spending | −$17.35bn | −$16.45bn | −$15.83bn | −$12.00bn | −$8.10bn | −$8.90bn | −$14.10bn | −$13.80bn | −$13.40bn | −$18.11bn |
| Free cash flow | $16.59bn | $15.04bn | $19.78bn | $37.60bn | $21.10bn | $1.70bn | $13.20bn | $16.82bn | $6.93bn | −$5.26bn |
| Dividends paid | −$12.75bn | −$11.80bn | −$11.34bn | −$11.00bn | −$10.20bn | −$9.70bn | −$9.00bn | −$8.50bn | −$8.13bn | −$8.03bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.20bn | $47.56bn | $45.79bn | $48.17bn | $44.38bn | $46.10bn | $48.33bn | $48.93bn |
| Gross profit | $30.59bn | $4.55bn | $14.55bn | $14.99bn | $13.17bn | $13.37bn | $13.21bn | $14.26bn |
| Operating income | $21.48bn | $3.58bn | $4.38bn | $5.78bn | $4.33bn | $5.79bn | $6.26bn | $6.65bn |
| Net income | $12.07bn | $2.21bn | $2.77bn | $3.54bn | $2.49bn | $3.50bn | $3.24bn | $4.49bn |
| Diluted earnings per share | 6.11 | 1.12 | 1.39 | 1.77 | 1.25 | 1.75 | 1.82 | 2.52 |
| Cash from operations | $25.15bn | $2.51bn | $10.75bn | $9.23bn | $8.58bn | $5.19bn | $8.70bn | $9.67bn |
| Capital spending | −$8.34bn | −$4.04bn | −$5.37bn | −$4.56bn | −$3.71bn | −$3.87bn | −$4.34bn | −$4.05bn |
| Free cash flow | $16.81bn | −$1.52bn | $5.38bn | $4.67bn | $4.86bn | $1.32bn | $4.36bn | $5.62bn |
| Total assets | $330.13bn | $329.55bn | $324.01bn | $326.50bn | $250.82bn | $256.40bn | $256.94bn | $259.23bn |
| Cash and short-term investments | $8.53bn | $5.33bn | $6.47bn | $7.73bn | $4.09bn | $4.64bn | $6.79bn | $4.70bn |
| Debt | $36.67bn | $45.43bn | $42.59bn | $41.54bn | $29.47bn | $29.68bn | $24.54bn | $25.84bn |
| Shareholders' equity | $189.88bn | $183.72bn | $186.45bn | $189.84bn | $146.42bn | $149.24bn | $152.32bn | $156.20bn |
Financial ratios
Data as of 2 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.4% | 29.4% | 30.7% | 30.0% | 29.2% | 24.2% |
| Operating margin | 9.7% | 15.0% | 17.2% | 20.4% | 10.8% | -7.2% |
| Net margin | 6.7% | 9.1% | 10.9% | 14.4% | 10.0% | -5.9% |
| Return on equity | 6.6% | 11.6% | 13.3% | 22.3% | 11.2% | -4.2% |
| Return on assets | 3.8% | 6.9% | 8.2% | 13.8% | 6.5% | -2.3% |
| Free cash flow yield | 12.2% | 12.8% | 13.0% | 15.2% | 9.2% | 4.8% |
| Revenue growth | -4.6% | -1.8% | -20.0% | 58.3% | 64.7% | -32.5% |
| Earnings growth | -30.4% | -17.4% | -39.7% | 127.0% | -381.9% | -289.6% |
| Current ratio | 1.15x | 1.06x | 1.27x | 1.47x | 1.26x | 1.18x |
| Debt to equity | 0.22x | 0.16x | 0.13x | 0.14x | 0.22x | 0.33x |
| Equity ratio | 57.5% | 59.3% | 61.5% | 61.8% | 58.4% | 54.9% |
| Interest coverage | 14.70x | 48.99x | 72.05x | 97.27x | 23.62x | -9.69x |
| R&D as a share of sales | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% | 0.5% |
| Buybacks as a share of market value | -12.4% | 4.9% | 2.7% | 0.1% | -0.6% | -2.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.2% | 14.3% | 3.6% |
| Operating income | -29.1% | — | — |
| Net income | -29.7% | — | 10.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.9% | 30.1% | 29.5% | 28.7% |
| Operating margin | 12.4% | 16.0% | 13.2% | 9.7% |
| Net margin | 7.9% | 10.6% | 9.0% | 7.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 24.7 | 14.6 | 13.0 | 9.7 | 14.4 | -29.1 | 77.2 | 14.0 | 25.9 | -447.6 |
| Price to sales | 1.6 | 1.3 | 1.4 | 1.4 | 1.4 | 1.7 | 1.6 | 1.3 | 1.8 | 2.0 |
Market value over time
31 Oct 2016 to 1 Sept 2026, in USD
$197.28bn$416.84bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 3% | -5% | -11% | 49% | 32% | -28% | 14% | -13% | 2% | 33% |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 19 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.34 | 6.84 | 6.52 | 6.04 | 5.68 | 5.31 | 5.16 | 4.76 |
- 2-for-1 split · 13 Sept 2004
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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