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雪佛龙（CVX）与OCEANEERING INTERNATIONAL INC（OII）财务数据对比。点击上方公司名可切换其他公司
雪佛龙的季度营收约是OCEANEERING INTERNATIONAL INC的66.1倍（$45.8B vs $692.4M）。雪佛龙净利率更高（6.0% vs 5.2%，领先0.8%）。OCEANEERING INTERNATIONAL INC同比增速更快（2.7% vs -5.3%）。雪佛龙自由现金流更多（$5.5B vs $-76.5M）。过去两年OCEANEERING INTERNATIONAL INC的营收复合增速更高（1.8% vs -0.9%）
雪佛龙是美国知名跨国能源企业，主营业务为石油和天然气相关业务，是标准石油拆分后的第二大直系子公司，前身为加利福尼亚标准石油公司，目前业务布局覆盖全球超过180个国家，在全球能源市场占据重要地位。
奥什科什国际（Oceaneering International）是一家总部位于美国得克萨斯州休斯敦的水下工程及应用技术企业，为海洋、航天及其他特殊作业场景的客户提供定制化工程服务与硬件设备，在极端环境工程领域拥有深厚的技术积累。
CVX vs OII — 直观对比
营收规模更大
CVX
是对方的66.1倍
$692.4M
营收增速更快
OII
高出7.9%
-5.3%
净利率更高
CVX
高出0.8%
5.2%
自由现金流更多
CVX
多$5.6B
$-76.5M
两年增速更快
OII
近两年复合增速
-0.9%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $45.8B | $692.4M |
| 净利润 | $2.8B | $36.1M |
| 毛利率 | 44.6% | — |
| 营业利润率 | 10.0% | — |
| 净利率 | 6.0% | 5.2% |
| 营收同比 | -5.3% | 2.7% |
| 净利润同比 | -14.5% | -79.7% |
| 每股收益（稀释后） | $1.36 | $0.36 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CVXOII
| Q1 26 | — | $692.4M | ||
| Q4 25 | $45.8B | $668.6M | ||
| Q3 25 | $48.2B | $742.9M | ||
| Q2 25 | $44.4B | $698.2M | ||
| Q1 25 | $46.1B | $674.5M | ||
| Q4 24 | $48.3B | $713.5M | ||
| Q3 24 | $48.9B | $679.8M | ||
| Q2 24 | $49.6B | $668.8M |
净利润CVXOII
| Q1 26 | — | $36.1M | ||
| Q4 25 | $2.8B | $177.7M | ||
| Q3 25 | $3.5B | $71.3M | ||
| Q2 25 | $2.5B | $54.4M | ||
| Q1 25 | $3.5B | $50.4M | ||
| Q4 24 | $3.2B | $56.1M | ||
| Q3 24 | $4.5B | $41.2M | ||
| Q2 24 | $4.4B | $35.0M |
毛利率CVXOII
| Q1 26 | — | — | ||
| Q4 25 | 44.6% | 19.8% | ||
| Q3 25 | 43.1% | 20.6% | ||
| Q2 25 | 39.5% | 21.3% | ||
| Q1 25 | 37.9% | 20.0% | ||
| Q4 24 | 37.6% | 19.9% | ||
| Q3 24 | 37.8% | 19.3% | ||
| Q2 24 | 37.7% | 18.0% |
营业利润率CVXOII
| Q1 26 | — | — | ||
| Q4 25 | 10.0% | 9.8% | ||
| Q3 25 | 11.2% | 11.6% | ||
| Q2 25 | 9.3% | 11.3% | ||
| Q1 25 | 12.1% | 10.9% | ||
| Q4 24 | 12.5% | 10.9% | ||
| Q3 24 | 13.3% | 10.5% | ||
| Q2 24 | 14.2% | 9.0% |
净利率CVXOII
| Q1 26 | — | 5.2% | ||
| Q4 25 | 6.0% | 26.6% | ||
| Q3 25 | 7.3% | 9.6% | ||
| Q2 25 | 5.6% | 7.8% | ||
| Q1 25 | 7.6% | 7.5% | ||
| Q4 24 | 6.7% | 7.9% | ||
| Q3 24 | 9.2% | 6.1% | ||
| Q2 24 | 8.9% | 5.2% |
每股收益（稀释后）CVXOII
| Q1 26 | — | $0.36 | ||
| Q4 25 | $1.36 | $1.75 | ||
| Q3 25 | $1.82 | $0.71 | ||
| Q2 25 | $1.45 | $0.54 | ||
| Q1 25 | $2.00 | $0.49 | ||
| Q4 24 | $1.84 | $0.55 | ||
| Q3 24 | $2.48 | $0.40 | ||
| Q2 24 | $2.43 | $0.34 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | — |
| 总债务越低越好 | $39.8B | $488.8M |
| 股东权益账面价值 | $186.4B | $1.1B |
| 总资产 | $324.0B | $2.6B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CVXOII
| Q1 26 | — | — | ||
| Q4 25 | — | $695.9M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.0M | ||
| Q4 24 | — | $504.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | $4.0B | — |
总债务CVXOII
| Q1 26 | — | $488.8M | ||
| Q4 25 | $39.8B | $487.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $20.1B | $482.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CVXOII
| Q1 26 | — | $1.1B | ||
| Q4 25 | $186.4B | $1.1B | ||
| Q3 25 | $189.8B | $907.7M | ||
| Q2 25 | $146.4B | $842.1M | ||
| Q1 25 | $149.2B | $773.1M | ||
| Q4 24 | $152.3B | $714.3M | ||
| Q3 24 | $156.2B | $698.0M | ||
| Q2 24 | $159.2B | $651.0M |
总资产CVXOII
| Q1 26 | — | $2.6B | ||
| Q4 25 | $324.0B | $2.7B | ||
| Q3 25 | $326.5B | $2.5B | ||
| Q2 25 | $250.8B | $2.3B | ||
| Q1 25 | $256.4B | $2.3B | ||
| Q4 24 | $256.9B | $2.3B | ||
| Q3 24 | $259.2B | $2.4B | ||
| Q2 24 | $260.6B | $2.3B |
负债/权益比CVXOII
| Q1 26 | — | 0.44× | ||
| Q4 25 | 0.21× | 0.46× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.13× | 0.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $10.8B | — |
| 自由现金流经营现金流 - 资本支出 | $5.5B | $-76.5M |
| 自由现金流率自由现金流/营收 | 12.1% | -11.1% |
| 资本支出强度资本支出/营收 | 11.5% | 2.5% |
| 现金转化率经营现金流/净利润 | 3.89× | — |
| 过去12个月自由现金流最近4个季度 | $16.6B | $238.1M |
8季度趋势，按日历期对齐
经营现金流CVXOII
| Q1 26 | — | — | ||
| Q4 25 | $10.8B | $221.1M | ||
| Q3 25 | $9.4B | $101.3M | ||
| Q2 25 | $8.6B | $77.2M | ||
| Q1 25 | $5.2B | $-80.7M | ||
| Q4 24 | $8.7B | $128.4M | ||
| Q3 24 | $9.7B | $91.9M | ||
| Q2 24 | $6.3B | $52.6M |
自由现金流CVXOII
| Q1 26 | — | $-76.5M | ||
| Q4 25 | $5.5B | $190.7M | ||
| Q3 25 | $4.9B | $77.0M | ||
| Q2 25 | $4.9B | $46.9M | ||
| Q1 25 | $1.3B | $-106.8M | ||
| Q4 24 | $4.4B | $94.5M | ||
| Q3 24 | $5.6B | $67.0M | ||
| Q2 24 | $2.3B | $29.8M |
自由现金流率CVXOII
| Q1 26 | — | -11.1% | ||
| Q4 25 | 12.1% | 28.5% | ||
| Q3 25 | 10.3% | 10.4% | ||
| Q2 25 | 11.0% | 6.7% | ||
| Q1 25 | 2.7% | -15.8% | ||
| Q4 24 | 9.0% | 13.2% | ||
| Q3 24 | 11.5% | 9.9% | ||
| Q2 24 | 4.7% | 4.5% |
资本支出强度CVXOII
| Q1 26 | — | 2.5% | ||
| Q4 25 | 11.5% | 4.6% | ||
| Q3 25 | 9.2% | 3.3% | ||
| Q2 25 | 8.4% | 4.3% | ||
| Q1 25 | 8.5% | 3.9% | ||
| Q4 24 | 9.0% | 4.7% | ||
| Q3 24 | 8.3% | 3.7% | ||
| Q2 24 | 8.0% | 3.4% |
现金转化率CVXOII
| Q1 26 | — | — | ||
| Q4 25 | 3.89× | 1.24× | ||
| Q3 25 | 2.65× | 1.42× | ||
| Q2 25 | 3.44× | 1.42× | ||
| Q1 25 | 1.48× | -1.60× | ||
| Q4 24 | 2.68× | 2.29× | ||
| Q3 24 | 2.16× | 2.23× | ||
| Q2 24 | 1.42× | 1.50× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
OII
| Backlog at end of period | $492.0M | 71% |
| Other | $162.8M | 24% |
| ROV days available | $22.5M | 3% |
| ROV days utilized | $15.1M | 2% |
