CVX

Chevron Corporation

Fundamental data last updated:May 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, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

 


VALUATION

P/E

33.20

Market Cap ($M USD)

$367.63B

Forward P/E

13.22

PEG

0.09

PRICE TO SALES

1.98

PRICE TO BOOK

1.99

EV / EBITDA

10.08

5-Year Average P/E

Free Cash Flow Yield

3.64%

DCF Value

$171.97

Graham Number

$107.73

Price to FCF

27.49

EV to FCF

30.49

Earnings Yield

3.01%

FCF Yield

3.64%

DIVIDEND

Yield

3.74%

Annual Payout

$6.91

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

$13.97

Next Year Revenue Growth Estimate

$23.79T

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

3.18

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 presents a mixed bag for investors. The stock has traded above its DCF value, suggesting a potential overvaluation, yet its Forward P/E indicates a more reasonable future outlook. The Altman Z-score of 3.18 suggests financial stability, while the Earnings Yield of just 3.06% raises concerns about its attractiveness relative to risk-free alternatives. Despite a robust market cap, the current pricing may not fully reflect its intrinsic value, especially when compared to the Graham Number.

AI Exposure / Tech Reliance

In the energy sector, Chevron's adaptability to AI and tech shifts is inherently limited by its industry. However, its integrated operations could leverage AI for operational efficiencies and predictive maintenance. The company’s resilience will depend on how effectively it integrates tech to optimize its vast supply chain.

The Bull Case

For the value-driven investor, Chevron offers compelling reasons to buy. With a solid ROIC of 5.43% and a Piotroski F-Score of 5, the company demonstrates efficient capital allocation and moderate financial health. Its FCF Yield is modest, yet the operating margin of 8.4% indicates strong pricing power. These metrics suggest Chevron can generate consistent cash flow, appealing to those seeking stability in a volatile market.

The Bear Case

Despite its strengths, Chevron faces significant structural risks. The Price/Book and Price/Sales ratios near 2 indicate potential overvaluation, and the payout ratio exceeding 120% raises sustainability concerns. The stock's proximity to its 52-week high suggests technical overextension, while the low Earnings Yield fails to justify its premium pricing. These factors could deter cautious investors wary of overpaying for growth.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$197.00

Institutional Ownership %

1-Year Beta

0.50

Insider Buying % (6 Mo)

Distance to 52-Week High

16.32%

Distance to 52-Week Low

27.53%

EARNINGS SURPRISE %

41.00%

50-DAY SMA

$193.18

200-DAY SMA

$167.44

⚠️ 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.