Chemical equilibrium calculations—as they are required to evaluate the evolution limits of any reactive system—are fundamentally performed using either a reaction based stoichiometric (S) approach or a non‐stoichiometric (NS) method. One objective of the present paper is to check and discuss whether both methods lead to comparable solutions in the case of complex chemical equilibria encountered in high temperature and pressure combustion of hydrazine and propane and in steam gasification of glucose and cellulose. Within both calculation models various numerical methods can be used. We apply several techniques for each approach and discuss their easiness of implementation and usage, in particular when chemical equilibria are computed for reacting systems under a multitude of temperature and pressure conditions and feed compositions. In addition, we present a novel approach to perform sensitivity analyses based on a combination of S or NS methods and arc‐length continuation technique. For this purpose, three industrially relevant case studies are exposed: (1) synthesis of ammonia using the Haber process, (2) steam gasification of a typical biomass surrogate, glucose, and (3) steam gasification of cellulose. For all the above reacting systems, our results are benchmarked against their counterparts obtained either from the ubiquitous process simulator: ASPEN‐Plus® or from data available in the open literature.