(CVX) Chevron - Overview
Sector: Energy | Industry: Oil & Gas Integrated | Exchange: NYSE (USA) | Market Cap: 380.415m USD | Total Return: 39.6% in 12m
Avg Turnover: 1.99B
EPS Trend: -99.3%
Qual. Beats: 1
Rev. Trend: -91.4%
Qual. Beats: -2
Warnings
Below Avwap Earnings
Tailwinds
Confidence
Chevron Corporation (CVX) is a global integrated energy firm headquartered in Houston, Texas. The company operates across the entire hydrocarbon value chain, organized into Upstream and Downstream segments, alongside specialized corporate functions. Its Upstream activities focus on the exploration, production, and transport of crude oil and natural gas, while its Downstream operations manage refining, chemical manufacturing, and the marketing of finished lubricants and fuels.
As an integrated oil and gas major, Chevron mitigates commodity price volatility by balancing upstream production profits with downstream refining margins. The business model increasingly incorporates carbon capture and renewable fuel manufacturing to address evolving global energy standards. The company maintains a geographically diverse asset base with significant operations across six continents.
Investors can further evaluate these operational segments and financial health indicators on ValueRay. Founded in 1879, Chevron remains a central player in the global energy infrastructure, managing complex logistics via pipeline, marine, and rail networks.
- Global crude oil and natural gas price fluctuations dictate upstream profit margins
- Production growth in Permian Basin and TCO projects drives future cash flow
- Refining margins and chemical demand cycles impact downstream segment earnings performance
- Regulatory shifts and carbon capture investments influence long-term capital allocation strategy
- Success of pending Hess acquisition expansion determines production and reserve growth trajectory
| Net Income: 11.0b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.26 > 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 (40.4b): 1.03 < 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 0.29%; Δ 2.51k% > 0.5%) |
| Asset Turnover: 63.45% > 50% (prev 75.25%; Δ -11.80% > 0%) |
| Interest Coverage Ratio: 13.63 > 6 (EBITDA TTM 40.4b / 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: 0.06 (EBIT TTM 18.4b / Avg Total Assets 293b) |
| D: 1.45 (Book Value of Equity 203b / Total Liabilities 140b) |
| Altman-Z'' = 4.04 = AA |
| DSRI: 1.34 (Receivables 25.3b/19.6b, Revenue 186b/193b) |
| GMI: 1.13 (GM 25.43% / 28.79%) |
| 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 = -4.34 (Cap -4..+1) = AAA |
As of May 27, 2026, the stock is trading at USD 184.71 with a total of 12,946,420 shares traded.
Over the past week, the price has changed by -4.96%,
over one month by +0.88%,
over three months by +1.22% and
over the past year by +39.63%.
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 | 214.9 | 16.3% |
P/E Trailing = 33.2191
P/E Forward = 14.1443
P/S = 2.0481
P/B = 2.0742
P/EG = 0.8374
Revenue TTM = 186b USD
EBIT TTM = 18.4b USD
EBITDA TTM = 40.4b 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 = 422b USD (380b + Debt 46.9b - CCE 5.32b)
Interest Coverage Ratio = 13.63 (Ebit TTM 18.4b / Interest Expense TTM 1.35b)
EV/FCF = 31.56x (Enterprise Value 422b / FCF TTM 13.4b)
FCF Yield = 3.17% (FCF TTM 13.4b / Enterprise Value 422b)
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 = 1.28 (Enterprise Value 422b / Total Assets 330b)
Interest Expense / Debt = 2.88% (Interest Expense 1.35b / Debt 46.9b)
Taxrate = 41.89% (1.65b / 3.95b)
NOPAT = 10.7b (EBIT 18.4b * (1 - 41.89%))
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 = 1.03 (Net Debt 41.5b / EBITDA 40.4b)
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 = 8.51% (EBIT 18.4b / Capital Employed (Equity 177b + L.T.Debt 39.6b))
RoIC = 3.65% (NOPAT 10.7b / Invested Capital 293b)
WACC = 7.22% (E(380b)/V(427b) * Re(7.90%) + D(46.9b)/V(427b) * Rd(2.88%) * (1-Tc(0.42)))
Discount Rate = 7.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 2.76%
[DCF] Terminal Value 75.18% ; FCFF base≈13.5b ; Y1≈13.3b ; Y5≈13.7b
[DCF] Fair Price = 86.12 (EV 213b - Net Debt 41.5b = Equity 172b / Shares 1.99b; r=8.35% [WACC [floored]]; 5y FCF grow -1.94% → 2.50% )
EPS Correlation: -99.25 | EPS CAGR: -27.17% | SUE: 2.05 | # QB: 1
Revenue Correlation: -91.42 | Revenue CAGR: -4.11% | SUE: -2.76 | # QB: -2
EPS current Quarter (2026-06-30): EPS=4.94 | Chg30d=+32.62% | Revisions=+40% | Analysts=16
EPS next Quarter (2026-09-30): EPS=4.14 | Chg30d=+27.25% | Revisions=+47% | Analysts=16
EPS current Year (2026-12-31): EPS=13.93 | Chg30d=+17.13% | Revisions=+58% | GrowthEPS=+91.1% | GrowthRev=+20.4%
EPS next Year (2027-12-31): EPS=12.20 | Chg30d=+4.34% | Revisions=+52% | GrowthEPS=-12.4% | GrowthRev=-8.5%
[Analyst] Revisions Ratio: +58%