Chevron Corporation (CVX)

NYSE: CVX · USD

$229

+0.64 (+0.3%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-08

Our latest published analysis: CVX rated Reduce

Chevron Corporation's published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$170 / share

Potential value

$244 / share

Upside to FV

-18.5%

from $229

Moat

1/10

None

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$409.2B
Revenue (ttm)	209.4B
Net income (ttm)	20.6B
EPS (ttm)	$10.4
Shares out	2B
P/E (trailing)	22.0x
P/E (forward)	15.8x
Dividend	$7.12 (3.11%)
Volume	4,943,111
Beta	0.52

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 209.4B
Net income (ttm): 20.6B
EPS (ttm): $10.4
P/E (trailing): 22.0x
P/E (forward): 15.8x
Market cap: $409.2B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$155.61B	$235.72B	$196.91B	$193.41B	$184.43B	+4.3%
Gross profit	$45.43B	$73.98B	$60.39B	$56.93B	$56.09B	+5.4%
Operating income	$22.35B	$50.19B	$30.05B	$28.10B	$20.96B	-1.6%
Net income	$15.63B	$35.47B	$21.37B	$17.66B	$12.30B	-5.8%
EPS (diluted)	$8.14	$18.28	$11.36	$9.72	$6.63	-5.0%
EBITDA	$39.36B	$66.49B	$47.82B	$45.81B	$41.42B	+1.3%
R&D	$268.0M	$268.0M	$320.0M	$353.0M	$427.0M	+12.4%
SG&A	$4.01B	$4.31B	$4.14B	$4.83B	$5.13B	+6.3%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	Tut
ALB	Albemarle Corporation	11.4B	198.9x	1.9x	4.1%	+12.8%	+1.9%	Tut
ANET	Arista Networks Inc.	235.7B	59.1x	22.4x	284.8%	+32.0%	+19.7%	Sat
BKR	Baker Hughes Company	54.3B	18.8x	1.9x	11.7%	+7.0%	+20.1%	Sat
COP	ConocoPhillips	179B	19.8x	2.8x	11.6%	+16.8%	+73.8%	Tut
EOG	EOG Resources Inc.	84.4B	12.6x	3.2x	19.8%	+14.1%	+55.9%	Al

Base and Bull scenarios

Base50%

Price target

$169.93

-18.5% from spot

This remains the central path because later estimate increases improve the level but do not remove the FY2027 reversal. Non-contracting FY2027 revenue would disconfirm it.

The FY2026 rebound gives way to FY2027 revenue contraction, followed by low-growth normalization.

Bull15%

Price target

$244.06

+17.0% from spot

Upward revisions would need to broaden beyond the near-term rebound. The case fades if earnings weaken or recurring investment absorbs more operating cash.

FY2027 revenue stops contracting, EPS holds its analyst mean, and operating cash continues covering capex.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($169.93). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.0%	1.5%	2.0%	2.5%	3.0%
4.9%	$202	$216	$235	$264	$309
5.9%	$174	$182	$192	$206	$224
6.9%	$155	$160	$170	$174	$183
7.9%	$141	$144	$148	$153	$159
8.9%	$129	$132	$135	$138	$142

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E15.8

P25 n/aP50 n/aP75 n/a

Trailing P/E20.1

P25 n/aP50 n/aP75 n/a

ROE12.2

P25 n/aP50 n/aP75 n/a

ROIC8.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CVX indicators

Market & fundamental data

Available fields

288

Groups with data

Currency

USD

Showing 288 of 288 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000093410
Company name	Chevron Corporation
Country	United States
Country code	US
CUSIP number	166764100
Earnings date	2026-10-30
Earnings time	bmo
Employees	43,039
Employees change	-2,259
Employees growth	-4.99%
Enterprise value	$477.5B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1879
In index	SP500, DOW30
Industry	Oil & Gas Integrated
Is primary listing	Yes
Is SPAC	No
ISIN number	US1667641005
Last 10-K release date	2026-02-24
Last earnings date	2026-07-31
Last refreshed	2026-10-28
Last stock split date	2004-09-13
Last stock split type	Forward
Market cap	$448.9B
Market cap category	Mega-Cap
Next earnings date	2026-10-30
Options	Yes
Price	$228.86
Price currency	USD
Sector	Energy
SIC code	2911
Stock price date	2026-10-28
Symbol	CVX
U.S. state	Texas
Website	https://www.chevron.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	21.11x
Average P/E ratio (10Y)	22.77x
Average P/E ratio (3Y)	18.8x
Average P/E ratio (5Y)	16.04x
Earnings yield	4.55%
EV/Earnings	23.43x
EV/EBIT	17.71x
EV/EBITDA	9.52x
EV/FCF	17.86x
EV/Sales	2.3x
FCF / EV yield	5.6%
FCF yield	5.95%
Forward EV/Sales	2x
Forward P/E	12.02x
Forward P/S	1.88x
Graham number	150.59395
Graham upside	-34.93%
Industry forward P/E	8.89x
Industry P/E	13.28x
Lynch fair value	$260.31
Lynch upside	12.48%
P/B ratio	2.36x
P/E ratio	21.98x
P/FCF ratio	16.81x
P/OCF ratio	10.02x
P/S ratio	2.17x
PEG ratio	0.6x
Price / tangible book value	2.45x
Price/EBITDA ratio	8.96x
Sector forward P/E	10.06x
Sector P/E	15.08x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	13.01%
EBITDA margin	24.2%
Effective tax rate	31.58%
FCF margin	12.9%
Gross margin	44.27%
Operating margin	13.01%
Pretax margin	14.63%
Profit margin	9.83%
Profit per employee	$478,427
Profitable quarters	22
Profitable years	5
Revenue per employee	$4.9M
ROA	5.86%
ROA (5Y)	6.08%
ROCE	9.36%
ROE	12.23%
ROE (5Y)	13.4%
ROIC	8.22%
ROIC (5Y)	9.85%
Tax / revenue	4.62%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	33.98%
EPS growth (Q)	321.86%
EPS growth (QoQ)	450.45%
EPS growth 3Y	-12.96%
EPS growth 5Y	40.77%
EPS growth quarters	1
EPS growth years	0
FCF growth	67.76%
FCF growth (Q)	272.02%
FCF growth 3Y	-0.77%
FCF growth 5Y	22.77%
Gross profit growth	24.59%
Gross profit growth (Q)	80.01%
Gross profit growth 3Y	2.52%
Gross profit growth 5Y	12.69%
Net income growth	50.12%
Net income growth (Q)	384.82%
Net income growth (QoQ)	446.24%
Net income growth 3Y	-11.95%
Net income growth 5Y	41.84%
Net income growth quarters	1
Net income growth years	0
OCF growth	41.04%
OCF growth (Q)	163.91%
OCF growth (QoQ)	800.28%
OCF growth 10Y	12.8%
OCF growth 3Y	3.17%
OCF growth 5Y	21.77%
Operating income growth	45.34%
Operating income growth (Q)	288.28%
Operating income growth 3Y	-9.15%
Operating income growth 5Y	35.99%
Revenue growth	10.48%
Revenue growth (Q)	53.46%
Revenue growth (QoQ)	41.94%
Revenue growth 10Y	7.17%
Revenue growth 3Y	-0.81%
Revenue growth 5Y	12.61%
Revenue growth quarters	2
Revenue growth years	0

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-18.3B
Depreciation and amortization	$23.4B
EBIT	$27.2B
EBITDA	$50.7B
EPS	$10.41
FCF per share	$13.77
Financing cash flow	$-27B
Free cash flow	$27B
Gross profit	$92.7B
Income taxes	$9.7B
Investing cash flow	$-14.1B
Net borrowing	$-2.6B
Net cash flow	$4.2B
Net income	$20.6B
Operating income	$27.2B
Revenue	$209.4B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	3.33
Book value per share	$96.80
Debt / EBITDA	0.73
Debt / equity	0.19
Debt / FCF	1.37
Goodwill	$4.6B
Interest coverage	18.93
Long-term assets	$281B
Long-term liabilities	$95.3B
Net cash (debt)	$-28.5B
Net cash / market cap	-6.29%
Net debt / EBITDA	0.56
Net debt / equity	0.15
Net debt / FCF	1.06
Piotroski F-Score	6
Property, plant and equipment	$215.9B
Shareholders' equity	$195.6B
Tangible book value	$185.3B
Tangible book value per share	$94.47
Total assets	$330.1B
Total cash	$8.5B
Total debt	$37.1B
Total liabilities	$134.6B
WACC	6.79%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.72
Current assets	$49.1B
Current liabilities	$39.2B
Current ratio	1.25
Inventory turnover	12.07
Net working capital	$1.8B
Quick ratio	0.84
Working capital	$9.9B
Working capital turnover	42.91

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-12.01%
Dividend growth	4.29%
Dividend growth (10Y)	5.12%
Dividend growth (3Y)	5.82%
Dividend growth (5Y)	6.03%
Dividend growth years	39
Dividend payment date	2026-09-10
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$7.12
Dividend yield	3.11%
Ex-dividend date	2026-08-19
FCF payout ratio	51.71%
Last dividend	$1.78
Payout ratio	68.38%
Shareholder yield	-8.93%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	130.43%
10Y return CAGR	13.39%
10Y total return	251.33%
150-day SMA	$195.74
15Y price change	111.3%
15Y return CAGR	9.46%
15Y total return	288.16%
1D price change	0.28%
1M price change	12.62%
1M total return	12.62%
1W price change	2.01%
1W total return	2.01%
1Y price change	48.28%
1Y return CAGR	54.17%
1Y total return	54.12%
20-day SMA	$219.14
200-day SMA	$192.66
20Y price change	240.2%
20Y return CAGR	10.49%
20Y total return	635.54%
3M price change	21.18%
3M total return	22.24%
3Y price change	59.51%
3Y return CAGR	21.83%
3Y total return	80.83%
50-day SMA	$212.06
50-day SMA vs 200-day SMA	50over200
52-week high	$234.08
52-week high date	2026-10-26
52-week low	$146.49
52-week low date	2025-12-16
5Y price change	105.45%
5Y return CAGR	20.22%
5Y total return	151.05%
6M price change	24.61%
6M total return	26.85%
After-hours change	0.18%
After-hours close	$228.86
After-hours price	$229.28
All-time high	$234.08
All-time high date	2026-10-26
All-time low	$2.41
All-time low date	1970-07-07
Average true range (ATR)	$4.59
Average volume	7.1M
Beta (1Y)	-0.95
Beta (2Y)	0.06
Beta (5Y)	0.52
Change from 52-week high	-2.23%
Change from 52-week low	56.23%
Change from all-time high	-1.64%
Change from all-time low	9,469.83%
Change from open	-0.13%
Day's gap	0.41%
Dollar volume	$1.1B
High price	$231.55
Low price	$228.60
Monthly RSI	67.41
Open price	$229.16
Position in 52-week range	8.81%
Premarket change	0.39%
Premarket close	$228.23
Premarket price	$229.11
Premarket volume	12.5K
Previous close	$228.23
Price vs 150-day SMA	17.63%
Price vs 20-day SMA	5.07%
Price vs 200-day SMA	19.51%
Price vs 50-day SMA	8.58%
Relative volume	0.7
RSI	68
Sharpe ratio	1.75
Sharpe ratio (3Y)	0.64
Sharpe ratio (5Y)	0.69
Sortino ratio	2.88
Sortino ratio (3Y)	1.13
Sortino ratio (5Y)	1.2
Volume	4.9M
Weekly RSI	67.57
YTD price change	51.07%
YTD total return	55.29%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.9B
Float percentage	95.25%
Shares change (QoQ)	-0.54%
Shares change (YoY)	12.01%
Shares held by insiders	0.34%
Shares held by institutions	71.12%
Shares outstanding	2B
Short % of float	1.27%
Short % of shares	1.21%
Short ratio	2.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	508

Deeper analysis on CVX

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CVX report

What is the latest published CVX stock rating?

Chevron Corporation is shown with Reduce in the latest published report, analyzed 2026-09-08. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CVX analysis?

The full latest published report, analyzed 2026-09-08, lives at /stocks/CVX/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CVX?

The latest published report analyzed 2026-09-08 gives CVX a fair value of USD 170 and a potential value of USD 244. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CVX page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-08). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceCVX · Fair value $170-18.5%

Read full analysis →

Category	Score	Reading
Valuation	3.0
Management	6.5
Balance Sheet	7.0
Profitability	5.0
Revenue Growth	9.0
Risk Assessment	8.5
Competitive Moat	1.0
Earnings Quality	9.0
Capital Efficiency	3.5

Chevron Corporation (CVX)

Our latest published analysis: CVX rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · CVX

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CVX indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on CVX

Frequently asked questions

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