CHEVRON CORP (CVX) Fundamental Analysis & Valuation

NYSE:CVX • US1667641005

Current stock price

188.15 USD
+3.24 (+1.75%)
At close:
187.76 USD
-0.39 (-0.21%)
Pre-Market:

This CVX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. CVX Profitability Analysis

1.1 Basic Checks

  • CVX had positive earnings in the past year.
  • In the past year CVX had a positive cash flow from operations.
  • In the past 5 years CVX has always been profitable.
  • In the past 5 years CVX always reported a positive cash flow from operatings.
CVX Yearly Net Income VS EBIT VS OCF VS FCFCVX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B

1.2 Ratios

  • CVX has a Return On Assets (3.80%) which is in line with its industry peers.
  • CVX's Return On Equity of 6.60% is in line compared to the rest of the industry. CVX outperforms 48.80% of its industry peers.
  • CVX has a Return On Invested Capital of 3.96%. This is in the lower half of the industry: CVX underperforms 62.20% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CVX is significantly below the industry average of 22.60%.
Industry RankSector Rank
ROA 3.8%
ROE 6.6%
ROIC 3.96%
ROA(3y)6.28%
ROA(5y)7.82%
ROE(3y)10.49%
ROE(5y)12.99%
ROIC(3y)6.06%
ROIC(5y)7.07%
CVX Yearly ROA, ROE, ROICCVX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 6.67%, CVX is in line with its industry, outperforming 49.28% of the companies in the same industry.
  • CVX's Profit Margin has declined in the last couple of years.
  • CVX has a Operating Margin (9.77%) which is in line with its industry peers.
  • CVX's Operating Margin has declined in the last couple of years.
  • CVX has a Gross Margin of 41.33%. This is comparable to the rest of the industry: CVX outperforms 49.28% of its industry peers.
  • In the last couple of years the Gross Margin of CVX has declined.
Industry RankSector Rank
OM 9.77%
PM (TTM) 6.67%
GM 41.33%
OM growth 3Y-17.89%
OM growth 5YN/A
PM growth 3Y-23.76%
PM growth 5YN/A
GM growth 3Y2.56%
GM growth 5Y-2.36%
CVX Yearly Profit, Operating, Gross MarginsCVX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. CVX Health Analysis

2.1 Basic Checks

  • CVX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • CVX has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, CVX has more shares outstanding
  • Compared to 1 year ago, CVX has a worse debt to assets ratio.
CVX Yearly Shares OutstandingCVX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
CVX Yearly Total Debt VS Total AssetsCVX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B

2.2 Solvency

  • An Altman-Z score of 3.30 indicates that CVX is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.30, CVX belongs to the best of the industry, outperforming 80.86% of the companies in the same industry.
  • CVX has a debt to FCF ratio of 2.46. This is a good value and a sign of high solvency as CVX would need 2.46 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 2.46, CVX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • A Debt/Equity ratio of 0.21 indicates that CVX is not too dependend on debt financing.
  • The Debt to Equity ratio of CVX (0.21) is better than 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.46
Altman-Z 3.3
ROIC/WACC0.47
WACC8.36%
CVX Yearly LT Debt VS Equity VS FCFCVX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50B 100B 150B

2.3 Liquidity

  • CVX has a Current Ratio of 1.15. This is a normal value and indicates that CVX is financially healthy and should not expect problems in meeting its short term obligations.
  • CVX has a Current ratio of 1.15. This is comparable to the rest of the industry: CVX outperforms 49.28% of its industry peers.
  • A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
  • CVX has a Quick ratio (0.86) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.15
Quick Ratio 0.86
CVX Yearly Current Assets VS Current LiabilitesCVX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. CVX Growth Analysis

3.1 Past

  • CVX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.16%.
  • Measured over the past years, CVX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.02% on average per year.
  • The Revenue has decreased by -4.64% in the past year.
  • CVX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.32% yearly.
EPS 1Y (TTM)-27.16%
EPS 3Y-27.02%
EPS 5YN/A
EPS Q2Q%-26.21%
Revenue 1Y (TTM)-4.64%
Revenue growth 3Y-7.85%
Revenue growth 5Y14.32%
Sales Q2Q%-10.25%

3.2 Future

  • The Earnings Per Share is expected to grow by 14.67% on average over the next years. This is quite good.
  • CVX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.16% yearly.
EPS Next Y17.97%
EPS Next 2Y14.78%
EPS Next 3Y14.95%
EPS Next 5Y14.67%
Revenue Next Year6.8%
Revenue Next 2Y3.65%
Revenue Next 3Y2.55%
Revenue Next 5Y-1.16%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
CVX Yearly Revenue VS EstimatesCVX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 50B 100B 150B 200B
CVX Yearly EPS VS EstimatesCVX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 10 15

More info and screens

Find the best growth stocksShow best growing peers

3

4. CVX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 25.70, CVX can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of CVX is on the same level as its industry peers.
  • CVX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.53.
  • Based on the Price/Forward Earnings ratio of 21.79, the valuation of CVX can be described as rather expensive.
  • CVX's Price/Forward Earnings is on the same level as the industry average.
  • CVX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 37.95.
Industry RankSector Rank
PE 25.7
Fwd PE 21.79
CVX Price Earnings VS Forward Price EarningsCVX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CVX is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as CVX.
Industry RankSector Rank
P/FCF 22.63
EV/EBITDA 10.74
CVX Per share dataCVX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CVX's earnings are expected to grow with 14.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.43
PEG (5Y)N/A
EPS Next 2Y14.78%
EPS Next 3Y14.95%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. CVX Dividend Analysis

5.1 Amount

  • CVX has a Yearly Dividend Yield of 3.74%.
  • CVX's Dividend Yield is a higher than the industry average which is at 3.23.
  • Compared to an average S&P500 Dividend Yield of 1.82, CVX pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.74%

5.2 History

  • The dividend of CVX has a limited annual growth rate of 5.97%.
  • CVX has paid a dividend for at least 10 years, which is a reliable track record.
  • CVX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.97%
Div Incr Years24
Div Non Decr Years24
CVX Yearly Dividends per shareCVX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 103.68% of the earnings are spent on dividend by CVX. This is not a sustainable payout ratio.
  • CVX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP103.68%
EPS Next 2Y14.78%
EPS Next 3Y14.95%
CVX Yearly Income VS Free CF VS DividendCVX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B
CVX Dividend Payout.CVX Dividend Payout, showing the Payout Ratio.CVX Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

CVX Fundamentals: All Metrics, Ratios and Statistics

CHEVRON CORP

NYSE:CVX (4/16/2026, 8:23:37 PM)

Premarket: 187.76 -0.39 (-0.21%)

188.15

+3.24 (+1.75%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-30
Earnings (Next)05-01
Inst Owners67.71%
Inst Owner Change-0.03%
Ins Owners0.05%
Ins Owner Change3.53%
Market Cap375.43B
Revenue(TTM)184.43B
Net Income(TTM)12.30B
Analysts76.88
Price Target203.39 (8.1%)
Short Float %1.13%
Short Ratio1.58
Dividend
Industry RankSector Rank
Dividend Yield 3.74%
Yearly Dividend6.78
Dividend Growth(5Y)5.97%
DP103.68%
Div Incr Years24
Div Non Decr Years24
Ex-Date02-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.42%
Min EPS beat(2)3.91%
Max EPS beat(2)8.92%
EPS beat(4)3
Avg EPS beat(4)3.61%
Min EPS beat(4)-1.2%
Max EPS beat(4)8.92%
EPS beat(8)5
Avg EPS beat(8)0.09%
EPS beat(12)8
Avg EPS beat(12)-0.56%
EPS beat(16)11
Avg EPS beat(16)0.92%
Revenue beat(2)1
Avg Revenue beat(2)-0.54%
Min Revenue beat(2)-1.54%
Max Revenue beat(2)0.46%
Revenue beat(4)2
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-1.97%
Max Revenue beat(4)1.27%
Revenue beat(8)4
Avg Revenue beat(8)0.78%
Revenue beat(12)7
Avg Revenue beat(12)0.66%
Revenue beat(16)10
Avg Revenue beat(16)2.23%
PT rev (1m)8.47%
PT rev (3m)15.55%
EPS NQ rev (1m)18.99%
EPS NQ rev (3m)2.24%
EPS NY rev (1m)28.44%
EPS NY rev (3m)15.37%
Revenue NQ rev (1m)5.34%
Revenue NQ rev (3m)7.58%
Revenue NY rev (1m)6.01%
Revenue NY rev (3m)4.84%
Valuation
Industry RankSector Rank
PE 25.7
Fwd PE 21.79
P/S 2.04
P/FCF 22.63
P/OCF 11.06
P/B 2.01
P/tB 2.06
EV/EBITDA 10.74
EPS(TTM)7.32
EY3.89%
EPS(NY)8.64
Fwd EY4.59%
FCF(TTM)8.32
FCFY4.42%
OCF(TTM)17.01
OCFY9.04%
SpS92.43
BVpS93.44
TBVpS91.15
PEG (NY)1.43
PEG (5Y)N/A
Graham Number124.055 (-34.07%)
Profitability
Industry RankSector Rank
ROA 3.8%
ROE 6.6%
ROCE 6.2%
ROIC 3.96%
ROICexc 4.05%
ROICexgc 4.11%
OM 9.77%
PM (TTM) 6.67%
GM 41.33%
FCFM 9%
ROA(3y)6.28%
ROA(5y)7.82%
ROE(3y)10.49%
ROE(5y)12.99%
ROIC(3y)6.06%
ROIC(5y)7.07%
ROICexc(3y)6.26%
ROICexc(5y)7.43%
ROICexgc(3y)6.39%
ROICexgc(5y)7.59%
ROCE(3y)9.5%
ROCE(5y)11.08%
ROICexgc growth 3Y-32.22%
ROICexgc growth 5YN/A
ROICexc growth 3Y-32.06%
ROICexc growth 5YN/A
OM growth 3Y-17.89%
OM growth 5YN/A
PM growth 3Y-23.76%
PM growth 5YN/A
GM growth 3Y2.56%
GM growth 5Y-2.36%
F-Score6
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.21
Debt/FCF 2.46
Debt/EBITDA 1.05
Cap/Depr 86.17%
Cap/Sales 9.41%
Interest Coverage 19.13
Cash Conversion 88.97%
Profit Quality 134.91%
Current Ratio 1.15
Quick Ratio 0.86
Altman-Z 3.3
F-Score6
WACC8.36%
ROIC/WACC0.47
Cap/Depr(3y)90.9%
Cap/Depr(5y)78.2%
Cap/Sales(3y)8.65%
Cap/Sales(5y)7.24%
Profit Quality(3y)104.22%
Profit Quality(5y)110.8%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.16%
EPS 3Y-27.02%
EPS 5YN/A
EPS Q2Q%-26.21%
EPS Next Y17.97%
EPS Next 2Y14.78%
EPS Next 3Y14.95%
EPS Next 5Y14.67%
Revenue 1Y (TTM)-4.64%
Revenue growth 3Y-7.85%
Revenue growth 5Y14.32%
Sales Q2Q%-10.25%
Revenue Next Year6.8%
Revenue Next 2Y3.65%
Revenue Next 3Y2.55%
Revenue Next 5Y-1.16%
EBIT growth 1Y-27%
EBIT growth 3Y-24.34%
EBIT growth 5YN/A
EBIT Next Year133.25%
EBIT Next 3Y36.25%
EBIT Next 5Y21.66%
FCF growth 1Y10.29%
FCF growth 3Y-23.89%
FCF growth 5Y58.57%
OCF growth 1Y7.77%
OCF growth 3Y-11.88%
OCF growth 5Y26.26%

CHEVRON CORP / CVX Fundamental Analysis FAQ

What is the fundamental rating for CVX stock?

ChartMill assigns a fundamental rating of 4 / 10 to CVX.


Can you provide the valuation status for CHEVRON CORP?

ChartMill assigns a valuation rating of 3 / 10 to CHEVRON CORP (CVX). This can be considered as Overvalued.


How profitable is CHEVRON CORP (CVX) stock?

CHEVRON CORP (CVX) has a profitability rating of 3 / 10.


Can you provide the PE and PB ratios for CVX stock?

The Price/Earnings (PE) ratio for CHEVRON CORP (CVX) is 25.7 and the Price/Book (PB) ratio is 2.01.


How financially healthy is CHEVRON CORP?

The financial health rating of CHEVRON CORP (CVX) is 5 / 10.