CVX — Chevron CorporationEnergy · Oil & Gas IntegratedNYSE

$361.8B

Mkt Cap

$396.2B

Ent. Value

-$34.5B

Net Cash

$181.62

52W $134 – $215

$361.8B

Mkt Cap

$396.2B

Ent. Value

-$34.5B

Net Cash

28.8×

P/E TTM

—

PEG

21.8×

P/FCF

1.9×

P/Book

2.0×

P/Sales

9.6×

EV/EBITDA

23.8×

EV/EBIT

23.9×

EV/FCF

2.1×

EV/Sales

3.2%

Earn Yld

4.4%

FCF Yld

3.9%

Div Yld

$181.62

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	184.43B	193.41B	196.91B	235.72B
YoY Growth	-4.6%	-1.8%	-16.5%	—
Gross Profit	56.09B	56.93B	60.39B	73.98B
Gross Margin	30.4%	29.4%	30.7%	31.4%
R&D	—	—	—	—
SG&A	5.13B	4.83B	4.14B	4.31B
EBIT	16.67B	18.92B	26.23B	39.95B
EBIT Margin	9.0%	9.8%	13.3%	16.9%
D&A	20.13B	17.28B	17.33B	14.81B
EBITDA	41.42B	45.81B	47.81B	65.48B
EBITDA Margin	22.5%	23.7%	24.3%	27.8%
Net Income	12.30B	17.66B	21.37B	35.47B
Net Margin	6.7%	9.1%	10.9%	15.0%
EPS (diluted)	$6.63	$9.72	$11.36	$18.28
Shares (dil., M)	1856	1817	1880	1940

Company Brief

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities. It has operations in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

CEOMr. Michael K. WirthEmployees43,039IPO Date1962-01-02CountryUnited StatesWebsitewww.chevron.com

Margins (TTM)

Gross Margin	30.4%
EBITDA Margin	22.5%
EBIT Margin	9.0%
Net Margin	6.7%
FCF Margin	9.0%

Returns on Capital

ROIC	4.6%
ROCE	5.7%
ROE	6.6%
ROA	3.8%
Asset Turnover	0.57×

Earnings Quality

FCF / Net Income	134.9%
SBC / Net Income	—
SBC / Revenue	—
Capex / D&A	0.86×

Growth (CAGR)

Metric	3yr
Revenue	-7.9%
EPS	-28.7%
FCF	-23.9%
Dividend	—

Ownership

Float	93.1%
Shares Out.	1.99B
Insiders %	7.0%
Institutions %	70.5%
Institutions (of float)	75.8%
Institution holders	4,946
Insider net buy 6M	-0.0%

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AKRBP BP.CNQ COP COSH CVE

Balance Sheet

Cash & ST Invest.	$6.3B
Total Debt	$40.8B
Net Cash / (Debt)	-$34.5B
Total Assets	$324.0B
Total Equity	$186.4B
Goodwill & Intang.	$4.6B
Tangible Book Value	$181.9B
NCAV (Graham)	-$99.0B
Tangible Book/sh	$91.31
NCAV/sh	-$49.71

Leverage

D/E Ratio	0.22×
Net Debt / EBITDA	0.83×
Interest Coverage	13.70×
Current Ratio	1.15×
Quick Ratio	0.86×

Capital Allocation (last FY)

Capex	$17.3B
Capex / Revenue	9.4%
SBC	—
Dividends Paid	$12.8B
Buybacks	$12.1B

Dividends

Annual DPS	$7.12
Yield (fwd)	3.92%
Payout Ratio	103.2%
Ex-div Date	2026-02-17

Valuation vs History

P/E vs 4Y	28.8×vs 14.0× median
Div yield vs 10Y	368.0%vs 4.3% median

Buyback History

FY 2025$12.1B+11.9%

FY 2024$15.2B-4.5%

FY 2023$14.9B-2.6%

FY 2022$11.3B—

Margins (TTM)

Gross Margin	30.4%
EBITDA Margin	22.5%
EBIT Margin	9.0%
Net Margin	6.7%
FCF Margin	9.0%

Returns on Capital

ROIC	4.6%
ROCE	5.7%
ROE	6.6%
ROA	3.8%
Asset Turnover	0.57×

Earnings Quality

FCF / Net Income	134.9%
SBC / Net Income	—
SBC / Revenue	—
Capex / D&A	0.86×

Growth (CAGR)

Metric	3yr
Revenue	-7.9%
EPS	-28.7%
FCF	-23.9%
Dividend	—

Ownership

Float	93.1%
Shares Out.	1.99B
Insiders %	7.0%
Institutions %	70.5%
Institutions (of float)	75.8%
Institution holders	4,946
Insider net buy 6M	-0.0%

Similar Stocks

AKRBP BP.CNQ COP COSH CVE

$181.62

All values in US Dollars (USD)

USD	FY2025	FY2024	FY2023	FY2022
Revenue	184.43B	193.41B	196.91B	235.72B
YoY Growth	-4.6%	-1.8%	-16.5%	—
Gross Profit	56.09B	56.93B	60.39B	73.98B
Gross Margin	30.4%	29.4%	30.7%	31.4%
R&D	—	—	—	—
SG&A	5.13B	4.83B	4.14B	4.31B
EBIT	16.67B	18.92B	26.23B	39.95B
EBIT Margin	9.0%	9.8%	13.3%	16.9%
D&A	20.13B	17.28B	17.33B	14.81B
EBITDA	41.42B	45.81B	47.81B	65.48B
EBITDA Margin	22.5%	23.7%	24.3%	27.8%
Net Income	12.30B	17.66B	21.37B	35.47B
Net Margin	6.7%	9.1%	10.9%	15.0%
EPS (diluted)	$6.63	$9.72	$11.36	$18.28
Shares (dil., M)	1856	1817	1880	1940

Company Brief

CEOMr. Michael K. WirthEmployees43,039IPO Date1962-01-02CountryUnited StatesWebsitewww.chevron.com

Balance Sheet

Cash & ST Invest.	$6.3B
Total Debt	$40.8B
Net Cash / (Debt)	-$34.5B
Total Assets	$324.0B
Total Equity	$186.4B
Goodwill & Intang.	$4.6B
Tangible Book Value	$181.9B
NCAV (Graham)	-$99.0B
Tangible Book/sh	$91.31
NCAV/sh	-$49.71

Leverage

D/E Ratio	0.22×
Net Debt / EBITDA	0.83×
Interest Coverage	13.70×
Current Ratio	1.15×
Quick Ratio	0.86×

Capital Allocation (last FY)

Capex	$17.3B
Capex / Revenue	9.4%
SBC	—
Dividends Paid	$12.8B
Buybacks	$12.1B

Dividends

Annual DPS	$7.12
Yield (fwd)	3.92%
Payout Ratio	103.2%
Ex-div Date	2026-02-17

Valuation vs History

P/E vs 4Y	28.8×vs 14.0× median
Div yield vs 10Y	368.0%vs 4.3% median

Buyback History

FY 2025$12.1B+11.9%

FY 2024$15.2B-4.5%

FY 2023$14.9B-2.6%

FY 2022$11.3B—

Not investment adviceUpdated 4/17/2026