Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$100.60|
|52 Week High||US$65.16|
|52 Week Low||US$113.11|
|1 Month Change||3.48%|
|3 Month Change||-6.24%|
|1 Year Change||40.05%|
|3 Year Change||-17.73%|
|5 Year Change||-2.25%|
|Change since IPO||482.13%|
Recent News & Updates
A Top Down Analysis Of Chevron
Chevron trades at a cheap valuation. Has 84 billion barrels of oil equivalent in reserves. A dividend cut is possible.
Is Chevron (NYSE:CVX) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Chevron Corp.: For Those That Can Handle Volatility, This Is A Strong Dividend Play
Without a doubt, energy is a volatile area of the market, and investors should be cautious. However, the energy sector can also reward shareholders quite richly, especially as valuations are attractive. I think having some exposure to energy in some form helps build an overall diversified portfolio.
Chevron (NYSE:CVX) Is Looking To Continue Growing Its Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
|CVX||US Oil and Gas||US Market|
Return vs Industry: CVX underperformed the US Oil and Gas industry which returned 72.6% over the past year.
Return vs Market: CVX exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: CVX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: CVX's weekly volatility (3%) has been stable over the past year.
About the Company
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, and production 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.
Chevron Fundamentals Summary
|CVX fundamental statistics|
Is CVX overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|CVX income statement (TTM)|
|Cost of Revenue||US$65.03b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.85|
|Net Profit Margin||3.09%|
How did CVX perform over the long term?See historical performance and comparison
5.3%Current Dividend Yield
Is Chevron undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CVX ($100.6) is trading below our estimate of fair value ($182.65)
Significantly Below Fair Value: CVX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CVX is poor value based on its PE Ratio (54.2x) compared to the US Oil and Gas industry average (19x).
PE vs Market: CVX is poor value based on its PE Ratio (54.2x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: CVX is poor value based on its PEG Ratio (6x)
Price to Book Ratio
PB vs Industry: CVX is good value based on its PB Ratio (1.5x) compared to the US Oil and Gas industry average (1.9x).
How is Chevron forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CVX's forecast earnings growth (9% per year) is above the savings rate (2%).
Earnings vs Market: CVX's earnings (9% per year) are forecast to grow slower than the US market (14.8% per year).
High Growth Earnings: CVX's earnings are forecast to grow, but not significantly.
Revenue vs Market: CVX's revenue (0.9% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: CVX's revenue (0.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CVX's Return on Equity is forecast to be low in 3 years time (11.3%).
How has Chevron performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CVX has a large one-off loss of $2.9B impacting its June 30 2021 financial results.
Growing Profit Margin: CVX became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CVX has become profitable over the past 5 years, growing earnings by -17.7% per year.
Accelerating Growth: CVX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CVX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-19.4%).
Return on Equity
High ROE: CVX's Return on Equity (2.7%) is considered low.
How is Chevron's financial position?
Financial Position Analysis
Short Term Liabilities: CVX's short term assets ($33.0B) exceed its short term liabilities ($28.1B).
Long Term Liabilities: CVX's short term assets ($33.0B) do not cover its long term liabilities ($80.7B).
Debt to Equity History and Analysis
Debt Level: CVX's debt to equity ratio (32.1%) is considered satisfactory.
Reducing Debt: CVX's debt to equity ratio has increased from 30.3% to 32.1% over the past 5 years.
Debt Coverage: CVX's debt is well covered by operating cash flow (39.3%).
Interest Coverage: CVX's interest payments on its debt are well covered by EBIT (9x coverage).
What is Chevron current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CVX's dividend (5.33%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: CVX's dividend (5.33%) is in the top 25% of dividend payers in the US market (3.6%)
Stability and Growth of Payments
Stable Dividend: CVX's dividends per share have been stable in the past 10 years.
Growing Dividend: CVX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (275.8%), CVX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CVX's dividends in 3 years are forecast to be covered by earnings (76% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Wirth (60 yo)
Mr. Michael K. Wirth, also known as Mike, has been Chairman and Chief Executive Officer of Chevron Corporation since February 01, 2018. He is a Director at Chevron Corporation since February 1, 2017. He se...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD29.02M) is above average for companies of similar size in the US market ($USD11.36M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: CVX's management team is considered experienced (4.9 years average tenure).
Experienced Board: CVX's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.
Chevron Corporation's employee growth, exchange listings and data sources
- Name: Chevron Corporation
- Ticker: CVX
- Exchange: NYSE
- Founded: 1879
- Industry: Integrated Oil and Gas
- Sector: Energy
- Market Cap: US$194.552b
- Shares outstanding: 1.93b
- Website: https://www.chevron.com
Number of Employees
- Chevron Corporation
- 6001 Bollinger Canyon Road
- San Ramon
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 22:06|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.