(CVX) Chevron - NYSE
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 345.801m USD | Total Return: 24.9% in 12m
Avg Turnover: 1.63B
EPS Trend: -99.3%
Qual. Beats: 1
Rev. Trend: -91.4%
Qual. Beats: -2
Warnings
Below Avwap Earnings
Tailwinds
Confidence
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: 11.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.28 > 1.0 |
| NWC/Revenue: 2.14% < 20% (prev 1.49%; Δ 0.65% < -1%) |
| CFO/TA 0.09 > 3% & CFO 31.1b > Net Income 11.0b |
| Net Debt (41.5b) to EBITDA (41.5b): 1.00 < 3 |
| Current Ratio: 1.09 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.99b) vs 12m ago 13.39% < -2% |
| Gross Margin: 25.43% > 18% (prev 28.79%; Δ -3.36% > 0.5%) |
| Asset Turnover: 63.45% > 50% (prev 75.25%; Δ -11.80% > 0%) |
| Interest Coverage Ratio: 14.41 > 6 (EBIT TTM 19.5b / Interest Expense TTM 1.35b) |
| A: 0.01 (Total Current Assets 46.2b - Total Current Liabilities 42.2b) / Total Assets 330b |
| B: 0.62 (Retained Earnings 204b / Total Assets 330b) |
| C: 0.07 (EBIT TTM 19.5b / Avg Total Assets 293b) |
| D: 1.31 (Book Value of Equity 184b / Total Liabilities 140b) |
| Altman-Z'' = 3.92 = AA |
| DSRI: 1.34 (Receivables 25.3b/19.6b, Revenue 186b/193b) |
| GMI: 1.13 (GM 28.79% / 25.43%) |
| AQI: -1.74 (AQ_t -0.47 / AQ_t-1 0.27) |
| SGI: 0.96 (Revenue 186b / 193b) |
| TATA: -0.06 (NI 11.0b - CFO 31.1b) / TA 330b) |
| Beneish M = -4.28 (Cap -4..+1) = AAA |
As of June 24, 2026, the stock is trading at USD 175.98 with a total of 6,510,816 shares traded. Over the past week, the price has changed by -2.45%, over one month by -4.73%, over three months by -13.46% and over the past year by +24.85%.
Current recommended Stop Loss: 169.50 (which is 3.7% or 1.5 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 | 216 | 22.8% |
P/E Trailing = 30.1965
P/E Forward = 11.8343
P/S = 1.8617
P/B = 1.8823
P/EG = 0.6999
Revenue TTM = 186b USD
EBIT TTM = 19.5b USD
EBITDA TTM = 41.5b USD
Long Term Debt = 39.6b USD (from longTermDebt, last quarter)
Short Term Debt = 5.83b USD (from shortTermDebt, last quarter)
Debt = 46.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 1.45b
Net Debt = 41.5b USD (calculated: Debt 46.9b - CCE 5.32b)
Enterprise Value = 387b USD (346b + Debt 46.9b - CCE 5.32b)
Interest Coverage Ratio = 14.41 (Ebit TTM 19.5b / Interest Expense TTM 1.35b)
EV/FCF = 28.97x (Enterprise Value 387b / FCF TTM 13.4b)
FCF Yield = 3.45% (FCF TTM 13.4b / Enterprise Value 387b)
FCF Margin = 7.19% (FCF TTM 13.4b / Revenue TTM 186b)
Net Margin = 5.92% (Net Income TTM 11.0b / Revenue TTM 186b)
Gross Margin = 25.43% ((Revenue TTM 186b - Cost of Revenue TTM 139b) / Revenue TTM)
Gross Margin QoQ = 9.58% (prev 31.79%)
Tobins Q-Ratio = 1.18 (Enterprise Value 387b / Total Assets 330b)
Interest Expense / Debt = 2.88% (Interest Expense 1.35b / Debt 46.9b)
Taxrate = 37.78% (6.84b / 18.1b)
NOPAT = 12.1b (EBIT 19.5b * (1 - 37.78%))
Current Ratio = 1.09 (Total Current Assets 46.2b / Total Current Liabilities 42.2b)
Debt / Equity = 0.26 (Debt 46.9b / totalStockholderEquity, last quarter 184b)
Debt / EBITDA = 1.00 (Net Debt 41.5b / EBITDA 41.5b)
Debt / FCF = 3.11 (Net Debt 41.5b / FCF TTM 13.4b)
Total Stockholder Equity = 177b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.76% (Net Income 11.0b / Total Assets 330b)
RoE = 6.23% (Net Income TTM 11.0b / Total Stockholder Equity 177b)
RoCE = 9.00% (EBIT 19.5b / Capital Employed (Equity 177b + L.T.Debt 39.6b))
RoIC = 4.21% (NOPAT 12.1b / Invested Capital 288b)
WACC = 7.04% (E(346b)/V(393b) * Re(7.75%) + D(46.9b)/V(393b) * Rd(2.88%) * (1-Tc(0.38)))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 2.76%
[DCF] Terminal Value 75.12% ; FCFF base≈13.5b ; Y1≈13.3b ; Y5≈13.5b
[DCF] Fair Price = 85.22 (EV 211b - Net Debt 41.5b = Equity 170b / Shares 1.99b; r=8.35% [WACC [floored]]; 5y FCF grow -2.37% → 2.50% )
EPS Correlation: -99.32 | EPS CAGR: -26.59% | SUE: 2.38 | # QB: 1
Revenue Correlation: -91.42 | Revenue CAGR: -4.11% | SUE: -2.76 | # QB: -2
EPS current Quarter (2026-06-30): EPS=5.23 | Chg30d=+10.32% | Revisions=+40% | Analysts=17
EPS next Quarter (2026-09-30): EPS=4.42 | Chg30d=+11.06% | Revisions=+37% | Analysts=17
EPS current Year (2026-12-31): EPS=14.54 | Chg30d=+7.29% | Revisions=+44% | GrowthEPS=+99.5% | GrowthRev=+23.2%
EPS next Year (2027-12-31): EPS=12.57 | Chg30d=+6.19% | Revisions=+54% | GrowthEPS=-13.6% | GrowthRev=-9.5%
[Analyst] Revisions Ratio: +54%