Stock · CVX · Energy
United States · Large Cap · listed since 2001 · Revenue 12 mo. $208.7B
Price as of 11/06/2026
Summary
55.9 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €14.9B (2025), it supports €165.4B. The remaining €219.5B of the market value assume it grows 11.8% a year for 10 years and not at all afterwards.
Required FCF growth per year
11.8%
no growth afterwards
Price to operating cash flow 9.3×, above its usual range.
Middle half of 20 quarters: 7.2× to 8.9×, median 8.0×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
No indication in the stored figures.
with respect to the priced-in expectation
AI summary of the 2025 annual report
A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.
Form 10-K, fiscal year ended 12/31/2025, filed 02/24/2026. Open the report at the SEC
Upstream operations explore for, develop, produce and transport crude oil and natural gas.
Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gasDownstream operations mainly refine crude oil into petroleum products.
Downstream operations consist primarily of refining crude oil into petroleum productsThe company makes and sells renewable fuels, including renewable diesel, biodiesel, renewable natural gas and sustainable aviation fuel.
The company develops, produces and sells renewable fuels, including but not limited to renewable diesel, biodiesel, renewable natural gas (RNG), and sustainable aviation fuel (SAF).Outside the United States, Chevron supplied approximately 5,200 branded service stations, directly or through retailers and marketers, including affiliates.
Outside the United States, Chevron supplied directly or through retailers and marketers approximately 5,200 branded service stations, including affiliates.CPChem makes olefins, polyolefins and alpha olefins, and supplies aromatics and polyethylene pipe.
CPChem produces olefins, polyolefins and alpha olefins and is a supplier of aromatics and polyethylene pipeChevron sells renewable natural gas to third parties and through its network of 67 compressed natural gas stations.
Chevron sells RNG to third parties and through Chevron’s network of 67 compressed natural gas (CNG) stationsThe midstream business HESM provides fee-based services for Chevron and third-party customers in the Bakken.
HESM provides fee-based services for Chevron and third-party customers in the Bakken.Chevron sells commercial aviation fuel to 58 airports worldwide.
Chevron markets commercial aviation fuel to 58 airports worldwide.Companies compete in all sectors of the petroleum and petrochemical industries to supply energy, fuel and chemicals to industry and individual consumers.
competition exists in all sectors of the petroleum and petrochemical industries in supplying the energy, fuel and chemical needs of industry and individual consumers.In upstream, Chevron competes with fully integrated major global oil companies, and with independent and national oil companies, for oil and gas leases, other properties, equipment and labor.
In the upstream business, Chevron competes with fully integrated, major global petroleum companies, as well as independent and national petroleum companies, for the acquisition of crude oil and natural gas leases and other properties and for the equipment and labor required to develop and operate those properties.In downstream, Chevron competes with fully integrated oil companies, independent refining, marketing, transport and chemicals firms, and national oil companies in making and selling fuels, lubricants, additives and petrochemicals.
In its downstream business, Chevron competes with fully integrated, major petroleum companies, as well as independent refining and marketing, transportation and chemicals entities and national petroleum companies in the refining, manufacturing, sale and marketing of fuels, lubricants, additives and petrochemicals.Prices of crude oil, natural gas and natural gas liquids are the most significant factor affecting the company's results.
The most significant factor that affects the company’s results of operations are the prices of crude oil, natural gas, and natural gas liquidsThe Hess acquisition could cause results to differ from expectations, could mean the expected benefits are not achieved, and could disrupt current plans or operations.
The acquisition of Hess may cause Chevron’s financial results to differ from the company’s expectations or the expectations of the investment community, the company may not achieve the anticipated benefits of the acquisition, and the acquisition may disrupt the company’s current plans or operationsLaws and government actions on greenhouse gas emissions and climate change could reduce demand for Chevron's hydrocarbon and other products.
Legislation, regulation, and other government actions related to GHG emissions and climate change could reduce demand for Chevron’s hydrocarbon and other productsChevron must comply with sanctions and trade laws, such as sanctions imposed in Venezuela and Russia, which, depending on their scope, could hurt operations and results in these countries.
Chevron is required to comply with sanctions and other trade laws and regulations of the United States and other jurisdictions where we operate, such as sanctions imposed in Venezuela and Russia, which, depending upon their scope, could adversely impact the company’s operations and financial results in these countries.Chevron does not have commercial insurance or third-party indemnities to fully cover all operational risks or liability after a major incident causing catastrophic loss.
The company does not have commercial insurance or third-party indemnities to fully cover all operational risks or potential liability in the event of a significant incident or series of incidents causing catastrophic loss.Since the last quarter
Q1 → Q2 2026
1 more unchanged: Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 6.60% | 11.63% | Rank 24 |
| Return on capital (Greenblatt) | 7.41% | 11.00% | Rank 20 |
| EBIT margin | 9.04% | 14.02% | Rank 30 |
| FCF margin | 9.00% | 7.36% | Rank 58 |
| Gross margin | 30.41% | 23.60% | Rank 62 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | −4.64% | −1.93% | Rank 35 |
| Earnings growth, 3 years per year | −28.70% | −10.72% | Rank 24 |
| Earnings growth, 5 years per yeardoes not count towards the rank | – | 14.99% | |
| Sustainable growth (ROE × retained earnings) | 9.41% | 9.68% | Rank 47 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.12% | 4.80% | Rank 16 |
| FCF yield | 3.87% | 5.05% | Rank 39 |
| EV/saleslower is better | 2.51 | 2.31 | Rank 47 |
| EV/EBITlower is better | 27.79 | 15.16 | Rank 14 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 29.41% | 14.27% | Rank 68 |
| Share price, 6 months | 17.55% | −0.91% | Rank 89 |
| Share price, 3 months | 19.09% | 2.95% | Rank 90 |
| Distance from 52-week high | −9.73% | −17.83% | Rank 85 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −1.97% | 0.88% | Rank 74 |
| Change in share countlower is better | 2.17% | −0.04% | Rank 20 |
| Dividend streak in years | 40 | 3 | Rank 98 |
| Price reaction to results, market-adjusted | 3.36% | 0.36% | Rank 83 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 57.54% | 41.22% | Rank 84 |
| Net debt/EBITDAlower is better | 0.84 | 1.33 | Rank 69 |
| Debt to equitylower is better | 0.22 | 0.69 | Rank 86 |
| Volatility, 1 yearlower is better | 24.47% | 31.61% | Rank 82 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF, $B | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 110.2 | −5.0% | −5.3 | 1.87B | 39.1 |
| 2017 | 134.7 | 2.3% | 7.1 | 1.90B | 34.0 |
| 2018 | 158.9 | 9.1% | 16.8 | 1.91B | 25.1 |
| 2019 | 139.9 | 0.1% | 13.2 | 1.90B | 21.3 |
| 2020 | 94.5 | −7.4% | 1.7 | 1.87B | 38.7 |
| 2021 | 155.6 | 10.4% | 21.1 | 1.92B | 25.7 |
| 2022 | 246.3 | 20.4% | 37.6 | 1.94B | 5.7 |
| 2023 | 196.9 | 17.2% | 19.8 | 1.88B | 12.7 |
| 2024 | 193.4 | 15.0% | 15.0 | 1.82B | 17.8 |
| 2025 | 184.4 | 9.0% | 16.6 | 1.86B | 34.5 |
2 of 7 StockScorer Score rules met · How the score is built
Chevron Corp mainly meets criteria in the Momentum category. Result from 18 strategies checked.
Chevron Corp is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
2 of 7 rules met
3 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Chevron Corp.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 32.1 | 20.0 |
| P/B ratio | 2.1 | 2.3 |
| Return on equity (ROE) | 6.6% | 11.6% |
| Equity ratio | 57.5% | 41.2% |
| Debt-to-equity (D/E) | 0.22 | 0.69 |
| Dividend yield | 3.3% | 3.5% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| CVX | Chevron Corpthis page | |
| XOM | Exxon Mobil Corp | Low0.9 |
| 601857.SS | PetroChina Co Ltd Class A | locked |
| SHEL.L | Shell plc | locked |
| TTE.PA | TotalEnergies SE | locked |
| PETR3.SA | Petróleo Brasileiro S.A. - Petrobras | locked |
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