A Business at a Glance
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General Development of Business Summary Description of Chevron Chevron Corporation1, a Delaware corporation, manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in integrated energy and chemicals operations. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas; transporting crude oil by major international oil export pipelines; transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 189.0B | 189.0B | 202.8B | 200.9B | 246.3B | 162.5B |
| Net Income | 12.3B | 12.3B | 17.7B | 21.4B | 35.5B | 15.6B |
| EPS | $6.63 | $6.63 | $9.72 | $11.36 | $18.28 | $8.14 |
| Free Cash Flow | 16.6B | 16.6B | 15.0B | 19.8B | 37.6B | 21.1B |
| ROIC | 5.9% | 6.7% | 10.6% | 12.5% | 21.8% | 9.8% |
| Gross Margin | 13.9% | 13.9% | 16.4% | 17.2% | 22.2% | 16.4% |
| Debt/Equity | 0.22 | 0.22 | 0.16 | 0.13 | 0.15 | 0.23 |
| Dividends/Share | $6.87 | $6.84 | $6.52 | $6.04 | $5.68 | $5.31 |
| Operating Income | 20.8B | 20.8B | 28.0B | 30.0B | 50.0B | 22.3B |
| Operating Margin | 11.0% | 11.0% | 13.8% | 14.9% | 20.3% | 13.7% |
| ROE | 6.6% | 7.3% | 11.6% | 13.3% | 22.3% | 11.2% |
| Shares Outstanding | 1,855M | 1,855M | 1,817M | 1,881M | 1,940M | 1,920M |
CHEVRON CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
CHEVRON CORP trades at 28.9x trailing earnings, compared to its 15-year median P/E of 13.1x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 23.1x vs a median of 13.1x. The company's 5-year average ROIC is 12.3% with a gross margin of 17.2%. Total shareholder yield (dividends + buybacks) is 7.0%. At current prices, the estimated annualized return to fair value is +14.2%.
CHEVRON CORP (CVX) has a current P/E ratio of 28.9, compared to its historical median P/E of 13.1. The stock is currently considered Expensive based on its historical valuation range.
CHEVRON CORP (CVX) has a 5-year average return on invested capital (ROIC) of 12.3%. This indicates solid capital allocation.
CHEVRON CORP (CVX) has a market capitalization of $355.8B. It is classified as a mega-cap stock.
Yes, CHEVRON CORP (CVX) pays a dividend with a trailing twelve-month yield of 3.58%. The company also returns capital through share buybacks, with a buyback yield of 3.40%.
Based on historical P/E analysis, CHEVRON CORP (CVX) appears expensive. The current P/E of 28.9 is 120% above its historical median of 13.1. The estimated fair value CAGR (P/E method) is 22.9%.
CHEVRON CORP (CVX) operates in the Petroleum Refining industry, within the Energy sector.
CHEVRON CORP (CVX) reported annual revenue of $189.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
CHEVRON CORP (CVX) has a net profit margin of 6.5%. This is a modest margin.
CHEVRON CORP (CVX) generated $16.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
CHEVRON CORP (CVX) has a debt-to-equity ratio of 0.22. This indicates a conservatively financed balance sheet.
CHEVRON CORP (CVX) reported earnings per share (EPS) of $6.63 in its most recent fiscal year.
CHEVRON CORP (CVX) has a return on equity (ROE) of 7.3%. This indicates moderate shareholder returns.
CHEVRON CORP (CVX) has a 5-year average gross margin of 17.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for CHEVRON CORP (CVX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CHEVRON CORP (CVX) has a book value per share of $100.51, based on its most recent annual SEC filing.