CVX Stock Analysis: Chevron | NYSE
Oil & Gas Integrated | NYSE, USA | Market Cap: 414.977m USD | 12M Return: 51.5% | US1667641005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.66B
EPS Trend: -81.5%
Qual. Beats: 2
Rev. Trend: -32.2%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Chevron Corporation (NYSE: CVX) is a U.S.-based integrated energy and chemicals company headquartered in Houston, Texas, and founded in 1879. It was formerly known as ChevronTexaco Corporation before adopting its current name in May 2005. The company is classified within the GICS Integrated Oil & Gas sub-industry, a category that includes large energy firms operating across the full hydrocarbon value chain from production to refined product marketing.
Chevron operates through two main segments: Upstream and Downstream. The Upstream segment covers exploration, development, production, and transportation of crude oil and natural gas, along with LNG processing, liquefaction, transportation, and regasification, carbon capture and storage, and a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products, markets crude oil, refined products, and lubricants, manufactures renewable fuels, and produces commodity petrochemicals, plastics, and fuel and lubricant additives.
The company maintains a global footprint with operations in North America, South America, Europe, Africa, Asia, and Australia. As an integrated player, Chevrons business model combines resource production with refining and chemicals capabilities, providing diversification across the energy value chain. Chevron is a mega-cap stock with a market capitalization of approximately $403 billion USD.
- Crude oil prices swing on OPEC+ supply decisions and global demand outlook
- Permian and Guyana production growth lifts upstream volumes and margins
- Hess acquisition closes, expanding offshore oil reserves and long-term output
| Net Income: 20.6b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 1.74 > 1.0 |
| NWC/Revenue: 4.74% < 20% (prev -0.07%; Δ 4.81% < -1%) |
| CFO/TA 0.14 > 3% & CFO 45.3b > Net Income 20.6b |
| Net Debt (30.0b) to EBITDA (55.6b): 0.54 < 3 |
| Current Ratio: 1.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.98b) vs 12m ago 14.54% < -2% |
| Gross Margin: 31.00% > 18% (prev 28.77%; Δ 2.22% > 0.5%) |
| Asset Turnover: 71.85% > 50% (prev 74.85%; Δ -3.00% > 0%) |
| Interest Coverage Ratio: 22.46 > 6 (EBIT TTM 32.1b / Interest Expense TTM 1.43b) |
| A: 0.03 (Total Current Assets 49.1b - Total Current Liabilities 39.2b) / Total Assets 330b |
| B: 0.64 (Retained Earnings 213b / Total Assets 330b) |
| C: 0.11 (EBIT TTM 32.1b / Avg Total Assets 290b) |
| D: 1.41 (Book Value of Equity 190b / Total Liabilities 135b) |
| Altman-Z'' = 4.52 = AA |
| DSRI: 1.25 (Receivables 24.6b/17.7b, Revenue 209b/188b) |
| GMI: 0.93 (GM 28.77% / 31.00%) |
| AQI: 0.72 (AQ_t 0.20 / AQ_t-1 0.27) |
| SGI: 1.11 (Revenue 209b / 188b) |
| TATA: -0.07 (NI 20.6b - CFO 45.3b) / TA 330b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of October 15, 2026, the stock is trading at USD 222.04 with a total of 9,492,050 shares traded. Over the past week, the price has changed by +8.23%, over one month by +4.65%, over three months by +23.23% and over the past year by +51.45%.
Current recommended Stop Loss: 212.10 (which is 4.5% or 2.3 ATR below the current price).
Chevron has received a consensus analysts rating of 4.28. Therefore, it is recommended to buy CVX.
- StrongBuy: 14
- Buy: 6
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 224.6 | 1.2% |
P/E Trailing = 20.3609
P/E Forward = 15.1976
P/S = 1.9819
P/B = 2.123
P/EG = 0.8994
Revenue TTM = 209b USD
EBIT TTM = 32.1b USD
EBITDA TTM = 55.6b USD
Long Term Debt = 36.7b USD (from longTermDebt, last quarter)
Short Term Debt = 401.0m USD (from shortTermDebt, last quarter)
Debt = 38.5b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.45b
Net Debt = 30.0b USD (calculated: Debt 38.5b - CCE 8.53b)
Enterprise Value = 445b USD (415b + Debt 38.5b - CCE 8.53b)
Interest Coverage Ratio = 22.46 (Ebit TTM 32.1b / Interest Expense TTM 1.43b)
EV/FCF = 16.47x (Enterprise Value 445b / FCF TTM 27.0b)
FCF Yield = 6.07% (FCF TTM 27.0b / Enterprise Value 445b)
FCF Margin = 12.94% (FCF TTM 27.0b / Revenue TTM 209b)
Net Margin = 9.87% (Net Income TTM 20.6b / Revenue TTM 209b)
Gross Margin = 31.00% ((Revenue TTM 209b - Cost of Revenue TTM 144b) / Revenue TTM)
Gross Margin QoQ = 45.52% (prev 9.58%)
Tobins Q-Ratio = 1.35 (Enterprise Value 445b / Total Assets 330b)
Interest Expense / Debt = 3.71% (Interest Expense 1.43b / Debt 38.5b)
Taxrate = 31.58% (9.68b / 30.6b)
NOPAT = 21.9b (EBIT 32.1b * (1 - 31.58%))
Current Ratio = 1.25 (Total Current Assets 49.1b / Total Current Liabilities 39.2b)
Debt / Equity = 0.20 (Debt 38.5b / totalStockholderEquity, last quarter 190b)
Debt / EBITDA = 0.54 (Net Debt 30.0b / EBITDA 55.6b)
Debt / FCF = 1.11 (Net Debt 30.0b / FCF TTM 27.0b)
Total Stockholder Equity = 187b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.09% (Net Income 20.6b / Total Assets 330b)
RoE = 10.98% (Net Income TTM 20.6b / Total Stockholder Equity 187b)
RoCE = 14.31% (EBIT 32.1b / Capital Employed (Equity 187b + L.T.Debt 36.7b))
RoIC = 7.76% (NOPAT 21.9b / Invested Capital 283b)
WACC = 6.20% (E(415b)/V(453b) * Re(6.54%) + D(38.5b)/V(453b) * Rd(3.71%) * (1-Tc(0.32)))
Discount Rate = 6.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.60 | Cagr: 2.97%
[DCF] Terminal Value 77.97% ; FCFF base≈22.7b ; Y1≈26.0b ; Y5≈38.2b
[DCF] Fair Price = 278.1 (EV 576b - Net Debt 30.0b = Equity 546b / Shares 1.96b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -81.53 | EPS CAGR: -19.73% | SUE: 1.06 | # QB: 2
Revenue Correlation: -32.20 | Revenue CAGR: -1.29% | SUE: 3.29 | # QB: 1
EPS current Quarter (2026-09-30): EPS=4.83 | Chg30d=+2.03% | Revisions=+0% | Analysts=20
EPS current Year (2026-12-31): EPS=16.97 | Chg30d=+5.79% | Revisions=+30% | GrowthEPS=+132.7% | GrowthRev=+23.0%
EPS next Year (2027-12-31): EPS=14.66 | Chg30d=+9.13% | Revisions=+50% | GrowthEPS=-13.6% | GrowthRev=-5.1%
[Analyst] Revisions Ratio: +38% (up=13, down=5)