CompaniesRanked

2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Energy companies with the highest operating cash flow

Operating cash flow is the cash the business itself produced over the year, before anything is spent on new assets or paid out to lenders and shareholders. It strips out the non-cash charges that separate profit from cash. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 129 · Fiscal year 2025 · Data as of September 25, 2026

Shell (SHEL) tops the list with $42.9B in operating cash flow for fiscal 2025, ahead of Chevron ($33.9B) and Totalenergies ($27.3B). The top 10 together report $215B in operating cash flow; the gap between #1 and #10 is ×4.27. 129 companies in Energy report operating cash flow, 5.1% of the 2517-filer universe. The last place on the list, Dnow, comes in at $155M.

Operating cash flow
#CompanyOperating cash flowYoY15-year trend
1ShellSHELGB$42.9B−21.6%
2ChevronCVXUS$33.9B+7.8%
3TotalenergiesTTEFR$27.3B−11.4%
4BPBPGB$24.5B−10.3%
5EquinorEQNRNO$20.0B+2.6%
6ConocoPhillipsCOPUS$19.8B−1.6%
7EniEIT$15.1B+6.3%
8Canadian Natural ResourcesCNQCA$10.8B+10.6%
9Occidental PetroleumOXYUS$10.5B−7.9%
10Eog ResourcesEOGUS$10.0B−17.3%
11EnbridgeENBCA$8.8B−4.6%
12Diamondback EnergyFANGUS$8.8B+36.6%
13Marathon PetroleumMPCUS$8.3B−4.8%
14Woodside EnergyWDSAU$7.2B+23.0%
15Devon EnergyDVNUS$6.7B+1.7%
16SLBSLBUS$6.5B−1.7%
17MPLXMPLXUS$5.9B−0.6%
18Cenovus EnergyCVECA$5.9B−12.7%
19Valero EnergyVLOUS$5.8B−12.8%
20EqtEQTUS$5.1B+81.3%
21Phillips 66PSXUS$5.0B+18.4%
22Ypf Sociedad AnonimaYPFAR$5.0B−15.5%
23Imperial OilIMOCA$4.8B+9.9%
24Expand EnergyEXEUS$4.6B+192.3%
25Baker HughesBKRUS$3.8B+14.3%
26OvintivOVVUS$3.7B−1.9%
27Permian ResourcesPRUS$3.6B+5.7%
28Plains All American PipelinePAAUS$2.9B+17.9%
29HalliburtonHALUS$2.9B−24.3%
30Matador ResourcesMTDRUS$2.4B+7.9%
31Pembina PipelinePBACA$2.4B+0.7%
32SasolSSLZA$2.1B+32.1%
33Chord EnergyCHRDUS$2.0B−2.7%
34SM EnergySMUS$2.0B+12.8%
35TechnipfmcFTIGB$1.8B+83.6%
36Crescent EnergyCRGYUS$1.7B+37.4%
37Antero ResourcesARUS$1.6B+92.0%
38Northern Oil & GasNOGUS$1.5B+6.9%
39HF SinclairDINOUS$1.3B+18.5%
40NovNOVUS$1.3B−4.1%
41Murphy OilMURUS$1.2B−27.8%
42SunocoSUNUS$1.2B+117.1%
43Range ResourcesRRCUS$1.2B+24.0%
44Baytex EnergyBTECA$1.1B−23.7%
45Viper EnergyVNOMUS$1.1B+69.8%
46CNX ResourcesCNXUS$1.0B+26.1%
47Hess MidstreamHESMUS$984M+4.6%
48Patterson Uti EnergyPTENUS$961M−18.2%
49NobleNEUS$952M+45.2%
50Talos EnergyTALOUS$936M−2.8%
51Comstock ResourcesCRKUS$900M+45.0%
52Magnolia Oil & GasMGYUS$879M−4.6%
53California ResourcesCRCUS$865M+41.8%
54Gulfport EnergyGPORUS$803M+23.6%
55TransoceanRIGCH$749M+67.6%
56South BowSOBOCA$717M+35.5%
57Vermilion EnergyVETCA$707M−6.9%
58Nabors IndustriesNBRBM$693M+19.2%
59Weatherford InternationalWFRDUS$676M−14.6%
60Alliance Resource PartnersARLPUS$651M−18.9%
61Liberty EnergyLBRTUS$610M−26.5%
62ValarisVALBM$546M+53.7%
63Helmerich & PayneHPUS$543M−20.7%
64Delek USDKUS$536M+$603M
65Highpeak EnergyHPKUS$512M−25.9%
66Mach Natural ResourcesMNRUS$507M+0.3%
67Diversified EnergyDECUS$465M+110.6%
68Par PacificPARRUS$445M+431.6%
69Peabody EnergyBTUUS$334M−45.0%
70Oceaneering InternationalOIIUS$319M+56.9%
71Gran Tierra EnergyGTECA$313M+30.9%
72Black Stone MineralsBSMUS$310M−20.3%
73Core Natural ResourcesCNRUS$306M−35.8%
74Phoenix Energy OnePHXE-PUS$301M+197.6%
75ValvolineVVVUS$297M+12.1%
76Granite Ridge ResourcesGRNTUS$296M+7.5%
77Precision DrillingPDSCA$296M−16.1%
78Flowco HoldingsFLOCUS$294M+64.1%
79BKVBKVUS$280M+142.9%
80National Energy Services ReunitedNESRUS$264M+15.2%
81Infinity Natural ResourcesINRUS$262M+47.3%
82CactusWHDUS$258M−18.3%
83Genesis EnergyGELUS$253M−35.5%
84Borr DrillingBORRBM$252M+225.9%
85Kimbell Royalty PartnersKRPUS$246M−1.8%
86Delek Logistics PartnersDKLUS$237M+14.9%
87Propetro HoldingPUMPUS$232M−8.2%
88Warrior Met CoalHCCUS$229M−37.6%
89Select Water SolutionsWTTRUS$215M−8.6%
90Vaalco EnergyEGYUS$213M+87.0%
91Riley Exploration PermianREPXUS$213M−13.7%
92Solaris Energy InfrastructureSEIUS$209M+252.2%
93RPCRESUS$201M−42.4%
94Innovex InternationalINVXUS$191M+104.3%
95Profrac HoldingACDCUS$190M−48.4%
96North American ConstructionNOACA$189M+7.3%
97Obsidian EnergyOBECA$172M−35.1%
98Vitesse EnergyVTSUS$170M+9.9%
99Waterbridge InfrastructureWBIUS$160M+116.2%
100DnowDNOWUS$155M−48.0%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Energy companies with the highest operating cash flow |url=https://companiesranked.com/en/energy-companies-with-the-highest-operating-cash-flow |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-energy-companies-with-the-highest-operating-cash-flow-2026,
  author       = {{CompaniesRanked}},
  title        = {{Energy companies with the highest operating cash flow}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/energy-companies-with-the-highest-operating-cash-flow}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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