CHEVRON CORP (CVX) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:CVX • US1667641005
174.87 USD
-2.03 (-1.15%)
Last: Feb 2, 2026, 11:50 AM
Taking everything into account, CVX scores 4 out of 10 in our fundamental rating. CVX was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of CVX get a neutral evaluation. Nothing too spectacular is happening here. CVX does not seem to be growing, but still is valued expensively. Finally CVX also has an excellent dividend rating. This makes CVX very considerable for dividend investing!
1. Profitability
1.1 Basic Checks
- In the past year CVX was profitable.
- In the past year CVX had a positive cash flow from operations.
- Of the past 5 years CVX 4 years were profitable.
- CVX had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- CVX's Return On Assets of 3.91% is in line compared to the rest of the industry. CVX outperforms 56.04% of its industry peers.
- Looking at the Return On Equity, with a value of 6.73%, CVX is in line with its industry, outperforming 47.83% of the companies in the same industry.
- CVX has a Return On Invested Capital (4.76%) which is comparable to the rest of the industry.
- CVX had an Average Return On Invested Capital over the past 3 years of 9.34%. This is significantly below the industry average of 21.94%.
- The last Return On Invested Capital (4.76%) for CVX is well below the 3 year average (9.34%), which needs to be investigated, but indicates that CVX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.91% | ||
| ROE | 6.73% | ||
| ROIC | 4.76% |
ROA(3y)9.6%
ROA(5y)6.6%
ROE(3y)15.71%
ROE(5y)10.83%
ROIC(3y)9.34%
ROIC(5y)N/A
1.3 Margins
- Looking at the Profit Margin, with a value of 6.83%, CVX is in line with its industry, outperforming 49.76% of the companies in the same industry.
- CVX's Profit Margin has improved in the last couple of years.
- CVX has a Operating Margin (10.82%) which is comparable to the rest of the industry.
- CVX's Operating Margin has improved in the last couple of years.
- CVX has a Gross Margin (39.56%) which is in line with its industry peers.
- CVX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.82% | ||
| PM (TTM) | 6.83% | ||
| GM | 39.56% |
OM growth 3Y4.53%
OM growth 5Y56.2%
PM growth 3Y-3.12%
PM growth 5Y34.35%
GM growth 3Y-3.4%
GM growth 5Y-2.19%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CVX is still creating some value.
- CVX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- An Altman-Z score of 3.24 indicates that CVX is not in any danger for bankruptcy at the moment.
- CVX has a better Altman-Z score (3.24) than 84.06% of its industry peers.
- The Debt to FCF ratio of CVX is 2.69, which is a good value as it means it would take CVX, 2.69 years of fcf income to pay off all of its debts.
- CVX has a better Debt to FCF ratio (2.69) than 78.26% of its industry peers.
- CVX has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
- The Debt to Equity ratio of CVX (0.20) is better than 72.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | 2.69 | ||
| Altman-Z | 3.24 |
ROIC/WACC0.56
WACC8.47%
2.3 Liquidity
- A Current Ratio of 1.15 indicates that CVX should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.15, CVX is in line with its industry, outperforming 50.24% of the companies in the same industry.
- A Quick Ratio of 0.86 indicates that CVX may have some problems paying its short term obligations.
- The Quick ratio of CVX (0.86) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.15 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
- CVX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.16%.
- CVX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -27.02% yearly.
EPS 1Y (TTM)-27.16%
EPS 3Y-27.02%
EPS 5YN/A
EPS Q2Q%-26.21%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-10.25%
3.2 Future
- The Earnings Per Share is expected to grow by 13.59% on average over the next years. This is quite good.
- The Revenue is expected to decrease by -1.17% on average over the next years.
EPS Next Y-1.42%
EPS Next 2Y15.76%
EPS Next 3Y16.81%
EPS Next 5Y13.59%
Revenue Next Year-0.18%
Revenue Next 2Y2.88%
Revenue Next 3Y-0.7%
Revenue Next 5Y-1.17%
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.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 23.89, CVX is valued on the expensive side.
- Compared to the rest of the industry, the Price/Earnings ratio of CVX is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 28.32, CVX is valued at the same level.
- CVX is valuated rather expensively with a Price/Forward Earnings ratio of 24.23.
- CVX's Price/Forward Earnings ratio is in line with the industry average.
- CVX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.89 | ||
| Fwd PE | 24.23 |
4.2 Price Multiples
- CVX's Enterprise Value to EBITDA ratio is in line with the industry average.
- CVX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.83 | ||
| EV/EBITDA | 9.88 |
4.3 Compensation for Growth
- CVX's earnings are expected to grow with 16.81% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.76%
EPS Next 3Y16.81%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.02%, CVX is a good candidate for dividend investing.
- CVX's Dividend Yield is a higher than the industry average which is at 3.64.
- CVX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.02% |
5.2 History
- On average, the dividend of CVX grows each year by 6.53%, which is quite nice.
- CVX has been paying a dividend for at least 10 years, so it has a reliable track record.
- CVX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.53%
Div Incr Years23
Div Non Decr Years23
5.3 Sustainability
- 95.82% 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.
DP95.82%
EPS Next 2Y15.76%
EPS Next 3Y16.81%
CHEVRON CORP / CVX FAQ
What is the fundamental rating for CVX stock?
ChartMill assigns a fundamental rating of 4 / 10 to CVX.
What is the valuation status for CVX stock?
ChartMill assigns a valuation rating of 2 / 10 to CHEVRON CORP (CVX). This can be considered as Overvalued.
What is the profitability of CVX stock?
CHEVRON CORP (CVX) has a profitability rating of 5 / 10.
What is the expected EPS growth for CHEVRON CORP (CVX) stock?
The Earnings per Share (EPS) of CHEVRON CORP (CVX) is expected to decline by -1.42% in the next year.
Is the dividend of CHEVRON CORP sustainable?
The dividend rating of CHEVRON CORP (CVX) is 7 / 10 and the dividend payout ratio is 95.82%.