Chevron Corporation (CVX) is a publicly traded company in the Energy — Oil & Gas Integrated industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation.
Analysis Summary
Chevron Corporation reported revenue of $184.43B in the most recent fiscal year, growing at a 5-year CAGR of 14.3%.
Trailing-twelve-month margins: gross margin 31.0%, operating margin 15.8%, net margin 9.9%. Free cash flow grew at 58.2% CAGR over 5 years.
At the current price of $211.52, CVX trades at a P/E of 20.20 and an ROE of 6.60%. Market capitalisation stands at $421.3B, placing it among large-cap names.
Balance sheet quality for CVX: current ratio of 1.2, net debt of $40.27B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $16.59B represents 135% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $211.52 |
| Market Cap | $421.3B |
| Exchange | NYSE |
| Country | US |
Valuation Ratios
| P/E Ratio | 20.20 |
| Price / Book | 2.19 |
| EV / EBITDA | 7.78 |
| Dividend Yield | 3.33% |
Profitability
| Return on Equity | 6.60% |
| Return on Invested Capital | 3.59% |
| Return on Assets | 3.80% |
| Gross Margin | 31.00% |
| Operating Margin | 15.83% |
| Net Margin | 9.87% |
Financial Health
| Debt / Equity | 0.20 |
| Current Ratio | 1.36 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 2.93 |
What to look at in Energy companies
- FCF yield (>8%) — Cash generated / market cap. In energy FCF beats EPS.
- ROIC 5y avg (>=10%) — Include good and bad years to filter the truly disciplined.
- Positive FCF in 8 of last 10y (>=8/10) — Disciplined names (XOM, CVX, EOG) survive 2014-16 and 2020 crashes.
- Dividend coverage (FCF / div) (>=1.2x) — Dividend covered by FCF, not borrowed. <1x = likely cut.
- Net Debt / EBITDA (<2x at peak) — Look at it with trough EBITDA, not the peak.
- Capex / Revenue (10-20% healthy) — Energy needs aggressive reinvestment to maintain reserves.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| CVX | Chevron Corporation | $426.2B | 20.20 | 2.19 | 6.6% |
| SHEL | Shell plc | $275.9B | 12.13 | 1.24 | 10.2% |
| PBR | Petróleo Brasileiro S.A. - Petrobras | $134.8B | 4.72 | 1.29 | 30.9% |
| PBR-A | Petróleo Brasileiro S.A. - Petrobras | $121.7B | 4.79 | 1.31 | 30.9% |
| BP | BP p.l.c. | $119.0B | 22.34 | 2.04 | 9.5% |
| EQNR | Equinor ASA | $107.8B | 12.32 | 2.55 | 21.6% |
| CVE | Cenovus Energy Inc. | $60.0B | 12.70 | 2.49 | 21.0% |
| EC | Ecopetrol S.A. | $35.9B | 8.89 | 1.36 | 15.3% |
Price Performance
| 1 month | +2.81% |
| 3 months | +21.82% |
| Year-to-date | +38.78% |
| 1 year | +32.13% |
| 3 years | +26.49% |
52-Week Range
| 52-week High | $217.78 |
| 52-week Low | $146.49 |
| Avg Volume (90d) | 8.7M |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-08-19 | $1.7800 | 3.37% |
| 2026-05-19 | $1.7800 | 3.37% |
| 2026-02-17 | $1.7800 | 3.37% |
| 2025-11-18 | $1.7100 | 3.23% |
| 2025-08-19 | $1.7100 | 3.23% |
| 2025-05-19 | $1.7100 | 3.23% |
| 2025-02-14 | $1.7100 | 3.23% |
| 2024-11-18 | $1.6300 | 3.08% |
| 2024-08-19 | $1.6300 | 3.08% |
| 2024-05-16 | $1.6300 | 3.08% |
Related companies: BP · CVE · EC · EQNR · IMO · PBR · PBR-A
Explore sector: Energy · Oil & Gas Integrated
More sections of CVX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Radar — undervalued stock signals · Investment Academy — learn to analyze stocks