CVX Stock Analysis: Chevron | NYSE
Oil & Gas Integrated | NYSE, USA | Market Cap: 415.426m USD | 12M Return: 41.9% | US1667641005 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.85B
EPS Trend: -39.0%
Qual. Beats: 3
Rev. Trend: 30.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.9 years of data, until 10/2026
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, ≥40 worth a closer look and ≥60 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: 6.33% < 20% (prev 2.88%; Δ 3.45% < -1%) |
| CFO/TA 0.16 > 3% & CFO 52.0b > Net Income 27.0b |
| Net Debt (22.2b) to EBITDA (64.3b): 0.35 < 3 |
| Current Ratio: 1.34 > 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: 0.04 (Total Current Assets 56.1b - Total Current Liabilities 41.8b) / Total Assets 334b |
| B: 0.66 (Retained Earnings 219b / 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'' = 4.76 = AA |
| DSRI: 1.21 (Receivables 26.1b/17.9b, Revenue 226b/187b) |
| GMI: 0.84 (GM 29.28% / 34.73%) |
| AQI: 0.98 (AQ_t 0.20 / AQ_t-1 0.20) |
| SGI: 1.21 (Revenue 226b / 187b) |
| TATA: -0.07 (NI 27.0b - CFO 52.0b) / TA 334b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of November 12, 2026, the stock is trading at USD 213.28 with a total of 5,590,724 shares traded. Over the past week, the price has changed by -1.70%, over one month by -0.80%, over three months by +9.40% and over the past year by +41.89%.
Current recommended Stop Loss: 203.00 (which is 4.8% or 1.9 ATR below the current price).
Chevron has received a consensus analysts rating of 4.31. Therefore, it is recommended to buy CVX.
- StrongBuy: 15
- Buy: 6
- Hold: 4
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 241.7 | 13.3% |
P/E Trailing = 15.6336
P/E Forward = 14.1243
P/S = 1.8355
P/B = 2.1782
P/EG = 0.8413
Revenue TTM = 226b USD
EBIT TTM = 40.2b USD
EBITDA TTM = 64.3b USD
Long Term Debt = 32.8b USD (from longTermDebt, last quarter)
Short Term Debt = 731.0m USD (from shortTermDebt, last quarter)
Debt = 35.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.45b
Net Debt = 22.2b USD (calculated: Debt 35.0b - CCE 12.8b)
Enterprise Value = 438b USD (415b + Debt 35.0b - CCE 12.8b)
Interest Coverage Ratio = 29.53 (Ebit TTM 40.2b / Interest Expense TTM 1.36b)
EV/FCF = 12.84x (Enterprise Value 438b / FCF TTM 34.1b)
FCF Yield = 7.79% (FCF TTM 34.1b / Enterprise Value 438b)
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 = 1.31 (Enterprise Value 438b / Total Assets 334b)
Interest Expense / Debt = 3.89% (Interest Expense 1.36b / Debt 35.0b)
Taxrate = 29.48% (11.5b / 38.9b)
NOPAT = 28.4b (EBIT 40.2b * (1 - 29.48%))
Current Ratio = 1.34 (Total Current Assets 56.1b / Total Current Liabilities 41.8b)
Debt / Equity = 0.18 (Debt 35.0b / totalStockholderEquity, last quarter 194b)
Debt / EBITDA = 0.35 (Net Debt 22.2b / EBITDA 64.3b)
Debt / FCF = 0.65 (Net Debt 22.2b / 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 = 18.16% (EBIT 40.2b / Capital Employed (Equity 189b + L.T.Debt 32.8b))
RoIC = 10.08% (NOPAT 28.4b / Invested Capital 281b)
WACC = 5.90% (E(415b)/V(450b) * Re(6.17%) + D(35.0b)/V(450b) * Rd(3.89%) * (1-Tc(0.29)))
Discount Rate = 6.17% (= 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 = 335.0 (EV 676b - Net Debt 22.2b = Equity 654b / Shares 1.95b; 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 Quarter (2027-03-31): EPS=4.56 | Chg30d=+28.26% | Revisions=+83% | Analysts=18
EPS current Year (2026-12-31): EPS=18.45 | Chg30d=+10.11% | Revisions=+52% | GrowthEPS=+153.1% | GrowthRev=+31.5%
EPS next Year (2027-12-31): EPS=16.36 | Chg30d=+12.06% | Revisions=+87% | GrowthEPS=-11.3% | GrowthRev=-4.7%
[Analyst] Revisions Ratio: +81% (up=51, down=4)