Chevron is an integrated energy company with exploration, production, and refining operations worldwide.
It is a $417B energy company. Revenue grew 10.2% over the last year, it keeps 10¢ of every dollar of sales as profit, and its net debt equals ~0.0 years of free cash flow. It trades at 20.3× earnings — in the most expensive third of its own history.
- Website
- chevron.com
- Location
- Houston, TX
- Employees
- 43 039
- Sector
- Energy
- Founded
- 2010
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Profitability, Health and Moat lag behind.
Valuation70
- P/E vs own history73th pct · 5/25
- FCF yield6.5% · 20/25
- P/S2.0x · 20/25
- EV/EBITDA8.7x · 25/25
Growth31
- Revenue CAGR3.9% · 6/25
- Net income CAGR-5.8% · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth43.1% · 25/25
Profitability42
- ROIC7.1% · 5/25
- ROE11.0% · 12/25
- Net margin9.6% · 13/25
- Operating margin13.2% · 12/25
Health32
- Altman Zn/a · 0/25
- Current ratio1.25 · 12/25
- Interest coverage-5.4x · 0/25
- Net cash / debtD/A 0% · 20/25
Quality71
- Piotroski F6/9 · 15/25
- Beneish M-2.59 · 25/25
- FCF conversion131% · 25/25
- Margin stabilityσ 17.1% · 6/25
Moat44
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin42.0% · 13/25
- FCF-positive years9/10 yrs · 18/25
- Worst-year net marginworst -5.9% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2023AcquisitionSeptember 2023 saw Chevron acquire a majority stake in a Utah hydrogen storage facility
- FY2022FinancialBest year on record$35.5B net income
- 2020AcquisitionDespite the failed acquisition of Anadarko, Chevron did acquire Noble Energy for $5 billion in July 2020
- 2019AcquisitionChevron announced its intention to acquire Anadarko Petroleum in a deal valued at $33 billion, but…
- FY2018FinancialBecame debt-freecash now exceeds total debt
- FY2017FinancialTurned profitable$9.20B net income after a loss year
- FY2017FinancialPositive free cash flow every year since9-year streak
- FY2016FinancialRevenue already above $100B$114B in first reported year
- 2011AcquisitionChevron acquired Pennsylvania-based Atlas Energy Inc
- 2010FoundedThe $43 billion project was started in 2010, and was expected to be brought online in 2014
- 2010MilestoneChevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline
- Feb 1, 2000AcquisitionIllinova Corp. became a wholly owned subsidiary of Dynegy Inc
- 1985AcquisitionSocal merged with the Pittsburgh-based Gulf Oil and rebranded as Chevron
- 1984AcquisitionStandard Oil of California and Gulf Oil merged in 1984, which was the largest merger in history at that time
- 1900MilestonePacific Coast Oil eventually became the largest oil interest in California
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (43.6%)
- Revenue growing 10.2% year over year
Watch-outs
- Thin interest coverage (-5.4×)
- Loss-making in 2 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+10.2% YoY
- Profitable — makes more than it spends$20.6B TTM
- Profit growing — earnings are higher than last year-28.7% YoY
- Generates cash — cash left after running and investing$27.0B TTM
- Debt under control — could handle its obligations~0.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$417B market cap
- Not printing shares — share count not ballooning — you keep your slice-0.9% shares over ~5y
- Proven track record — years of profitability behind it8/10 profitable years
- Financially stable — balance sheet not near distresshealth score 37/100
- Pays a dividend — returns cash to shareholdersyield 3.31%
- Valuation not extreme — price not wildly above earningsP/E 20.3
Peer comparisonChevron Corporation vs 6 largest energy peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CVX this company | $416.8B | 20.3 | +10.2% | 9.6% | Mixed |
| XOM ExxonMobil Holdings Corporation | $694.0B | 21.1 | +9.1% | 8.9% | Mixed |
| SHEL Shell plc | $284.6B | 11.0 | -6.1% | 6.7% | Solid |
| TTE TotalEnergies SE | $191.1B | 10.9 | -6.8% | 7.2% | Solid |
| COP ConocoPhillips | $161.5B | 17.4 | +9.6% | 14.7% | Strained |
| MPC Marathon Petroleum Corporation | $127.8B | 14.9 | +15.0% | 5.6% | Strained |
| VLO Valero Energy Corporation | $125.1B | 17.3 | +12.6% | 5.2% | Strong |
Head-to-head: CVX vs XOM · CVX vs SHEL · CVX vs TTE
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CVX
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CVX on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $212.50 · market cap $417B.