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雪佛龙（CVX）与W&T OFFSHORE INC（WTI）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W&T OFFSHORE INC的376.2倍（$45.8B vs $121.7M）。雪佛龙净利率更高（6.0% vs -22.3%，领先28.3%）。W&T OFFSHORE INC同比增速更快（1.1% vs -5.3%）。过去两年雪佛龙的营收复合增速更高（-0.9% vs -7.0%）
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。
爱迪生舒斯特近海服务公司（ECO）1960年以爱迪生舒斯特船舶租赁业务起家，是总部位于美国路易斯安那州卡托夫的海运家族企业集团。公司旗下拥有并运营多种船舶船队，涵盖平台供应船、海底作业船、锚作拖船、溢油应急船、增产作业船等，另有独立所属的科考船与破冰船船队。
CVX vs WTI — 直观对比
营收规模更大
CVX
是对方的376.2倍
$121.7M
营收增速更快
WTI
高出6.4%
-5.3%
净利率更高
CVX
高出28.3%
-22.3%
两年增速更快
CVX
近两年复合增速
-7.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $45.8B | $121.7M |
| 净利润 | $2.8B | $-27.1M |
| 毛利率 | 44.6% | — |
| 营业利润率 | 10.0% | -15.7% |
| 净利率 | 6.0% | -22.3% |
| 营收同比 | -5.3% | 1.1% |
| 净利润同比 | -14.5% | -16.1% |
| 每股收益（稀释后） | $1.36 | $-0.18 |
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CVXWTI
| Q4 25 | $45.8B | $121.7M | ||
| Q3 25 | $48.2B | $127.5M | ||
| Q2 25 | $44.4B | $122.4M | ||
| Q1 25 | $46.1B | $129.9M | ||
| Q4 24 | $48.3B | $120.3M | ||
| Q3 24 | $48.9B | $121.4M | ||
| Q2 24 | $49.6B | $142.8M | ||
| Q1 24 | $46.6B | $140.8M |
净利润CVXWTI
| Q4 25 | $2.8B | $-27.1M | ||
| Q3 25 | $3.5B | $-71.5M | ||
| Q2 25 | $2.5B | $-20.9M | ||
| Q1 25 | $3.5B | $-30.6M | ||
| Q4 24 | $3.2B | $-23.4M | ||
| Q3 24 | $4.5B | $-36.9M | ||
| Q2 24 | $4.4B | $-15.4M | ||
| Q1 24 | $5.5B | $-11.5M |
毛利率CVXWTI
| Q4 25 | 44.6% | — | ||
| Q3 25 | 43.1% | — | ||
| Q2 25 | 39.5% | — | ||
| Q1 25 | 37.9% | — | ||
| Q4 24 | 37.6% | — | ||
| Q3 24 | 37.8% | — | ||
| Q2 24 | 37.7% | — | ||
| Q1 24 | 40.4% | — |
营业利润率CVXWTI
| Q4 25 | 10.0% | -15.7% | ||
| Q3 25 | 11.2% | -9.9% | ||
| Q2 25 | 9.3% | -10.5% | ||
| Q1 25 | 12.1% | -6.3% | ||
| Q4 24 | 12.5% | -14.1% | ||
| Q3 24 | 13.3% | -15.6% | ||
| Q2 24 | 14.2% | -4.4% | ||
| Q1 24 | 17.0% | -0.0% |
净利率CVXWTI
| Q4 25 | 6.0% | -22.3% | ||
| Q3 25 | 7.3% | -56.1% | ||
| Q2 25 | 5.6% | -17.1% | ||
| Q1 25 | 7.6% | -23.5% | ||
| Q4 24 | 6.7% | -19.4% | ||
| Q3 24 | 9.2% | -30.4% | ||
| Q2 24 | 8.9% | -10.8% | ||
| Q1 24 | 11.8% | -8.1% |
每股收益（稀释后）CVXWTI
| Q4 25 | $1.36 | $-0.18 | ||
| Q3 25 | $1.82 | $-0.48 | ||
| Q2 25 | $1.45 | $-0.14 | ||
| Q1 25 | $2.00 | $-0.21 | ||
| Q4 24 | $1.84 | $-0.16 | ||
| Q3 24 | $2.48 | $-0.25 | ||
| Q2 24 | $2.43 | $-0.10 | ||
| Q1 24 | $2.97 | $-0.08 |
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 | — | $140.6M |
| 总债务越低越好 | $39.8B | $350.8M |
| 股东权益账面价值 | $186.4B | $-199.8M |
| 总资产 | $324.0B | $955.8M |
| 负债/权益比越低杠杆越低 | 0.21× | — |
8季度趋势，按日历期对齐
现金及短期投资CVXWTI
| Q4 25 | — | $140.6M | ||
| Q3 25 | — | $124.8M | ||
| Q2 25 | — | $120.7M | ||
| Q1 25 | — | $105.9M | ||
| Q4 24 | — | $109.0M | ||
| Q3 24 | — | $126.5M | ||
| Q2 24 | $4.0B | $123.4M | ||
| Q1 24 | $6.3B | $94.8M |
总债务CVXWTI
| Q4 25 | $39.8B | $350.8M | ||
| Q3 25 | — | $350.4M | ||
| Q2 25 | — | $350.1M | ||
| Q1 25 | — | $350.0M | ||
| Q4 24 | $20.1B | $393.2M | ||
| Q3 24 | — | $392.6M | ||
| Q2 24 | — | $391.9M | ||
| Q1 24 | — | $391.2M |
股东权益CVXWTI
| Q4 25 | $186.4B | $-199.8M | ||
| Q3 25 | $189.8B | $-172.5M | ||
| Q2 25 | $146.4B | $-102.7M | ||
| Q1 25 | $149.2B | $-82.8M | ||
| Q4 24 | $152.3B | $-52.6M | ||
| Q3 24 | $156.2B | $-31.5M | ||
| Q2 24 | $159.2B | $5.0M | ||
| Q1 24 | $160.6B | $20.8M |
总资产CVXWTI
| Q4 25 | $324.0B | $955.8M | ||
| Q3 25 | $326.5B | $960.6M | ||
| Q2 25 | $250.8B | $1.0B | ||
| Q1 25 | $256.4B | $1.0B | ||
| Q4 24 | $256.9B | $1.1B | ||
| Q3 24 | $259.2B | $1.1B | ||
| Q2 24 | $260.6B | $1.1B | ||
| Q1 24 | $261.7B | $1.1B |
负债/权益比CVXWTI
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 78.30× | ||
| Q1 24 | — | 18.85× |
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 | $25.9M |
| 自由现金流经营现金流 - 资本支出 | $5.5B | — |
| 自由现金流率自由现金流/营收 | 12.1% | — |
| 资本支出强度资本支出/营收 | 11.5% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CVXWTI
| Q4 25 | $10.8B | $25.9M | ||
| Q3 25 | $9.4B | $26.5M | ||
| Q2 25 | $8.6B | $28.0M | ||
| Q1 25 | $5.2B | $-3.2M | ||
| Q4 24 | $8.7B | $-4.3M | ||
| Q3 24 | $9.7B | $14.8M | ||
| Q2 24 | $6.3B | $37.4M | ||
| Q1 24 | $6.8B | $11.6M |
自由现金流CVXWTI
| Q4 25 | $5.5B | — | ||
| Q3 25 | $4.9B | — | ||
| Q2 25 | $4.9B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $4.4B | — | ||
| Q3 24 | $5.6B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.7B | — |
自由现金流率CVXWTI
| Q4 25 | 12.1% | — | ||
| Q3 25 | 10.3% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 2.7% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 4.7% | — | ||
| Q1 24 | 5.9% | — |
资本支出强度CVXWTI
| Q4 25 | 11.5% | — | ||
| Q3 25 | 9.2% | — | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 9.0% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | 8.8% | — |
现金转化率CVXWTI
| Q4 25 | 3.89× | — | ||
| Q3 25 | 2.65× | — | ||
| Q2 25 | 3.44× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 2.68× | — | ||
| Q3 24 | 2.16× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.24× | — |
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% |
WTI
| Oil And Condensate | $76.0M | 62% |
| Natural Gas Production | $36.6M | 30% |
| Natural Gas Liquids Reserves | $6.9M | 6% |
| Other | $2.2M | 2% |
