CVX

Chevron Corporation

Fundamental data last updated:June 12, 2026

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company profile

SECTOR

Energy

industry

Oil & Gas Integrated

Exchange

NYSE

County of HQ

US

Next Earnings Date

08/07/2026

Business Summary

Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.

 


VALUATION

P/E

33.42

Market Cap ($M USD)

$370.04B

Forward P/E

12.86

PEG

0.08

PRICE TO SALES

1.99

PRICE TO BOOK

2.00

EV / EBITDA

10.14

5-Year Average P/E

Free Cash Flow Yield

3.61%

DCF Value

$173.77

Graham Number

$107.73

Price to FCF

27.67

EV to FCF

30.67

Earnings Yield

2.99%

FCF Yield

3.61%

DIVIDEND

Yield

3.76%

Annual Payout

$6.98

Payout Ratio

120.75%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$5.56

Next Year EPS Growth Estimate

$14.45

Next Year Revenue Growth Estimate

$21.93T

Return on Equity (ROE)

6.23%

FREE CASH FLOW

Operating Margin

8.40%

Debt-to-Equity

0.25

Piotroski F-Score

5

Altman Z-Score

3.25

Return on Invested Capital (ROIC)

5.43%

Current Ratio

1.09

Quick Ratio

0.84

Net Debt to EBITDA

0.99

Interest Coverage

11.57

Gross Profit margin

25.43%

FCF PER SHARE

$6.75

REVENUE PER SHARE

$93.88

Gainseekers Quantitative Analysis

Summary

Chevron’s valuation paints a complex picture. With a Forward P/E of 13.10, the market anticipates significant earnings growth, yet the stock has traded above its DCF Value, suggesting potential overvaluation. The Earnings Yield of 2.94% is modest, indicating limited immediate income potential. However, the Altman Z-score of 3.23 suggests financial stability, reducing bankruptcy risk. The Graham Number further implies the stock may be overpriced, hinting at a cautious approach for value investors.

AI Exposure / Tech Reliance

Chevron operates in the energy sector, which is less susceptible to rapid AI and tech disruptions compared to more tech-centric industries. However, its integration of technology in exploration and production could enhance efficiency. The company's resilience lies in its ability to adapt operationally rather than fundamentally transform.

The Bull Case

For the value-driven investor, Chevron offers compelling reasons to buy. The ROIC of 5.43% and a Piotroski F-Score of 5 indicate solid capital efficiency and moderate financial health. Despite a low FCF Yield of 3.55%, the company's operating margin of 8.40% suggests robust pricing power. These metrics collectively highlight Chevron's ability to generate cash and maintain profitability, appealing to those seeking stable returns.

The Bear Case

Yet, structural risks loom large. The Price/Book ratio of 2.04 and Price/Sales of 2.03 suggest the stock is not a bargain. The payout ratio exceeding 120% raises red flags about dividend sustainability. Additionally, trading close to its 52-week high, the stock appears technically overextended, warranting caution for those wary of buying at a peak.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$200.13

Institutional Ownership %

1-Year Beta

0.47

Insider Buying % (6 Mo)

Distance to 52-Week High

15.56%

Distance to 52-Week Low

23.36%

EARNINGS SURPRISE %

41.00%

50-DAY SMA

$189.24

200-DAY SMA

$171.15

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.