CVX Stock Analysis: Chevron | NYSE
Oil & Gas Integrated | NYSE, USA | Market Cap: 454.033m USD | 12M Return: 47% | US1667641005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.70B
EPS Trend: -39.0%
Qual. Beats: 3
Rev. Trend: 30.0%
Qual. Beats: 0
Warnings
Tailwinds
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: 27.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 5.48 > 1.0 |
| NWC/Revenue: -9.12% < 20% (prev 2.88%; Δ -12.00% < -1%) |
| CFO/TA 0.16 > 3% & CFO 52.0b > Net Income 27.0b |
| Net Debt (28.7b) to EBITDA (64.3b): 0.45 < 3 |
| Current Ratio: 0.38 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.96b) vs 12m ago 0.87% < -2% |
| Gross Margin: 34.73% > 18% (prev 29.28%; Δ 5.45% > 0.5%) |
| Asset Turnover: 68.39% > 50% (prev 57.27%; Δ 11.12% > 0%) |
| Interest Coverage Ratio: 29.53 > 6 (EBIT TTM 40.2b / Interest Expense TTM 1.36b) |
| A: -0.06 (Total Current Assets 12.8b - Total Current Liabilities 33.4b) / Total Assets 334b |
| B: 0.62 (Retained Earnings 205b / Total Assets 334b) |
| C: 0.12 (EBIT TTM 40.2b / Avg Total Assets 330b) |
| D: 1.45 (Book Value of Equity 194b / Total Liabilities 134b) |
| Altman-Z'' = 3.94 = AA |
As of November 05, 2026, the stock is trading at USD 216.96 with a total of 11,534,059 shares traded. Over the past week, the price has changed by -5.34%, over one month by +5.08%, over three months by +14.94% and over the past year by +47.02%.
Current recommended Stop Loss: 210.10 (which is 3.2% or 1.5 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 | 232.5 | 7.2% |
P/E Trailing = 22.2772
P/E Forward = 16.6389
P/S = 2.1684
P/B = 2.3678
P/EG = 0.9908
Revenue TTM = 226b USD
EBIT TTM = 40.2b USD
EBITDA TTM = 64.3b USD
Long Term Debt = 39.1b USD (from longTermDebt, last fiscal year)
Short Term Debt = 977.0m USD (from shortTermDebt, last fiscal year)
Debt = 41.5b USD (corrected: LT Debt 39.1b + ST Debt 977.0m) + Leases 1.45b
Net Debt = 28.7b USD (calculated: Debt 41.5b - CCE 12.8b)
Enterprise Value = 483b USD (454b + Debt 41.5b - CCE 12.8b)
Interest Coverage Ratio = 29.53 (Ebit TTM 40.2b / Interest Expense TTM 1.36b)
EV/FCF = 14.17x (Enterprise Value 483b / FCF TTM 34.1b)
FCF Yield = 7.06% (FCF TTM 34.1b / Enterprise Value 483b)
FCF Margin = 15.09% (FCF TTM 34.1b / Revenue TTM 226b)
Net Margin = 11.95% (Net Income TTM 27.0b / Revenue TTM 226b)
Gross Margin = 34.73% ((Revenue TTM 226b - Cost of Revenue TTM 147b) / Revenue TTM)
Gross Margin QoQ = 44.00% (prev 45.52%)
Tobins Q-Ratio = 1.45 (Enterprise Value 483b / Total Assets 334b)
Interest Expense / Debt = 3.28% (Interest Expense 1.36b / Debt 41.5b)
Taxrate = 29.48% (11.5b / 38.9b)
NOPAT = 28.4b (EBIT 40.2b * (1 - 29.48%))
Current Ratio = 0.38 (Total Current Assets 12.8b / Total Current Liabilities 33.4b)
Debt / Equity = 0.21 (Debt 41.5b / totalStockholderEquity, last quarter 194b)
Debt / EBITDA = 0.45 (Net Debt 28.7b / EBITDA 64.3b)
Debt / FCF = 0.84 (Net Debt 28.7b / FCF TTM 34.1b)
Total Stockholder Equity = 189b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.17% (Net Income 27.0b / Total Assets 334b)
RoE = 14.30% (Net Income TTM 27.0b / Total Stockholder Equity 189b)
RoCE = 17.66% (EBIT 40.2b / Capital Employed (Equity 189b + L.T.Debt 39.1b))
RoIC = 9.78% (NOPAT 28.4b / Invested Capital 290b)
WACC = 5.83% (E(454b)/V(496b) * Re(6.15%) + D(41.5b)/V(496b) * Rd(3.28%) * (1-Tc(0.29)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 74.20 | Cagr: 3.08%
[DCF] Terminal Value 77.97% ; FCFF base≈26.6b ; Y1≈30.5b ; Y5≈44.9b
[DCF] Fair Price = 329.8 (EV 676b - Net Debt 28.7b = Equity 647b / Shares 1.96b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -39.03 | EPS CAGR: -10.16% | SUE: 3.21 | # QB: 3
Revenue Correlation: 30.01 | Revenue CAGR: 1.90% | SUE: 0.81 | # QB: 0
EPS current Year (2026-12-31): EPS=17.52 | Chg30d=+5.28% | Revisions=+59% | GrowthEPS=+140.3% | GrowthRev=+28.0%
EPS next Year (2027-12-31): EPS=15.80 | Chg30d=+9.46% | Revisions=+82% | GrowthEPS=-9.8% | GrowthRev=-4.6%
[Analyst] Revisions Ratio: +77% (up=26, down=2)