CVX Stock Analysis: Chevron | NYSE
Oil & Gas Integrated | NYSE, USA | Market Cap: 383.004m USD | 12M Return: 26.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.40B
EPS Trend: -81.5%
Qual. Beats: 2
Rev. Trend: -32.2%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 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 United States-based integrated energy and chemicals company that operates through three main segments: Upstream, Downstream, and All Other. The Upstream segment focuses on the exploration, development, production, and transportation of crude oil and natural gas, as well as LNG processing and emerging activities such as carbon capture and storage. The Downstream segment refines crude oil into petroleum products, manufactures renewable fuels, and produces commodity petrochemicals, plastics, and fuel and lubricant additives. The All Other segment handles cash management, debt financing, insurance, real estate, and technology activities. The company has a global operational footprint spanning North America, South America, Europe, Africa, Asia, and Australia.
Founded in 1879 and headquartered in Houston, Texas, Chevron was formerly known as ChevronTexaco Corporation before adopting its current name in May 2005. As a Mega Cap stock classified within the GICS Energy sector and the Integrated Oil & Gas sub-industry, Chevron is one of the largest publicly traded energy companies in the world. The integrated business model-spanning exploration and production alongside refining, marketing, and chemicals-allows the company to participate across multiple stages of the hydrocarbon value chain, which can help offset volatility in any single segment of the energy market.
- Crude oil price swings drive upstream revenue volatility
- Permian and Tengiz production growth expands output capacity
- Capital returns through dividends and buybacks remain elevated
| Net Income: 20.6b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 4.22 > 1.0 |
| NWC/Revenue: 1.77% < 20% (prev -0.07%; Δ 1.84% < -1%) |
| CFO/TA 0.14 > 3% & CFO 45.1b > Net Income 20.6b |
| Net Debt (6.30b) to EBITDA (55.8b): 0.11 < 3 |
| Current Ratio: 1.11 > 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: 0.01 (Total Current Assets 37.1b - Total Current Liabilities 33.4b) / Total Assets 330b |
| B: 0.62 (Retained Earnings 205b / Total Assets 330b) |
| C: 0.11 (EBIT TTM 32.1b / Avg Total Assets 290b) |
| D: 1.35 (Book Value of Equity 190b / Total Liabilities 140b) |
| Altman-Z'' = 4.26 = AA |
As of August 06, 2026, the stock is trading at USD 186.41 with a total of 8,247,100 shares traded. Over the past week, the price has changed by -2.84%, over one month by +10.89%, over three months by -2.35% and over the past year by +26.91%.
Current recommended Stop Loss: 176.00 (which is 5.6% or 2.3 ATR below the current price).
Chevron has received a consensus analysts rating of 3.88. Therefore, it is recommended to buy CVX.
- StrongBuy: 9
- Buy: 6
- Hold: 9
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 215 | 15.3% |
P/E Trailing = 33.4452
P/E Forward = 13.1579
P/S = 2.062
P/B = 2.0799
P/EG = 0.7786
Revenue TTM = 209b USD
EBIT TTM = 32.1b USD
EBITDA TTM = 55.8b USD
Long Term Debt = 39.1b USD (from longTermDebt, last fiscal year)
Short Term Debt = 2.81b USD (from shortTermDebt, last fiscal year)
Debt = 43.4b USD (corrected: LT Debt 39.1b + ST Debt 2.81b) + Leases 1.45b
Net Debt = 6.30b USD (calculated: Debt 43.4b - CCE 37.1b)
Enterprise Value = 389b USD (383b + Debt 43.4b - CCE 37.1b)
Interest Coverage Ratio = 22.46 (Ebit TTM 32.1b / Interest Expense TTM 1.43b)
EV/FCF = 11.06x (Enterprise Value 389b / FCF TTM 35.2b)
FCF Yield = 9.04% (FCF TTM 35.2b / Enterprise Value 389b)
FCF Margin = 16.87% (FCF TTM 35.2b / 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 = 1.18 (Enterprise Value 389b / Total Assets 330b)
Interest Expense / Debt = 3.29% (Interest Expense 1.43b / Debt 43.4b)
Taxrate = 31.58% (9.68b / 30.6b)
NOPAT = 21.9b (EBIT 32.1b * (1 - 31.58%))
Current Ratio = 1.11 (Total Current Assets 37.1b / Total Current Liabilities 33.4b)
Debt / Equity = 0.23 (Debt 43.4b / totalStockholderEquity, last quarter 190b)
Debt / EBITDA = 0.11 (Net Debt 6.30b / EBITDA 55.8b)
Debt / FCF = 0.18 (Net Debt 6.30b / FCF TTM 35.2b)
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 = 14.15% (EBIT 32.1b / Capital Employed (Equity 187b + L.T.Debt 39.1b))
RoIC = 7.59% (NOPAT 21.9b / Invested Capital 289b)
WACC = 6.32% (E(383b)/V(426b) * Re(6.78%) + D(43.4b)/V(426b) * Rd(3.29%) * (1-Tc(0.32)))
Discount Rate = 6.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 64.60 | Cagr: 2.97%
[DCF] Terminal Value 77.97% ; FCFF base≈27.6b ; Y1≈31.6b ; Y5≈46.5b
[DCF] Fair Price = 348.5 (EV 700b - Net Debt 6.30b = Equity 694b / Shares 1.99b; 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=4.32 | Chg30d=+0.20% | Revisions=-29% | Analysts=17
EPS current Year (2026-12-31): EPS=14.74 | Chg30d=+2.70% | Revisions=-12% | GrowthEPS=+102.2% | GrowthRev=+19.2%
EPS next Year (2027-12-31): EPS=12.69 | Chg30d=+0.47% | Revisions=+38% | GrowthEPS=-13.9% | GrowthRev=-7.4%
[Analyst] Revisions Ratio: +0% (up=7, down=7)