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CVX

ChevronNYSE:CVX Stock Report

Market Cap

US$194.6b

7D

4.0%

1Y

40.1%

Updated

25 Sep, 2021

Data

Company Financials +
CVX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends5/6

CVX Overview

Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide.

Chevron Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chevron
Historical stock prices
Current Share PriceUS$100.60
52 Week HighUS$65.16
52 Week LowUS$113.11
Beta1.3
1 Month Change3.48%
3 Month Change-6.24%
1 Year Change40.05%
3 Year Change-17.73%
5 Year Change-2.25%
Change since IPO482.13%

Recent News & Updates

Sep 23

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.

Sep 17
Is Chevron (NYSE:CVX) A Risky Investment?

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...

Sep 15

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.

Aug 30
Chevron (NYSE:CVX) Is Looking To Continue Growing Its Returns On Capital

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...

Shareholder Returns

CVXUS Oil and GasUS Market
7D4.0%3.9%0.1%
1Y40.1%72.6%35.3%

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.

Price Volatility

Is CVX's price volatile compared to industry and market?
CVX volatility
CVX Beta1.3
Industry Beta1.82
Market Beta1

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

FoundedEmployeesCEOWebsite
187947,736Mike Wirthhttps://www.chevron.com

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

How do Chevron's earnings and revenue compare to its market cap?
CVX fundamental statistics
Market CapUS$194.55b
Earnings (TTM)US$3.59b
Revenue (TTM)US$116.03b

54.2x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVX income statement (TTM)
RevenueUS$116.03b
Cost of RevenueUS$65.03b
Gross ProfitUS$51.00b
ExpensesUS$47.41b
EarningsUS$3.59b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.85
Gross Margin43.95%
Net Profit Margin3.09%
Debt/Equity Ratio32.1%

How did CVX perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

276%

Payout Ratio

Valuation

Is Chevron undervalued compared to its fair value and its price relative to the market?

44.9%

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).


Future Growth

How is Chevron forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

9.0%

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%).


Past Performance

How has Chevron performed over the past 5 years?

-17.7%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Chevron current dividend yield, its reliability and sustainability?

5.33%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Mike Wirth (60 yo)

3.58yrs

Tenure

US$29,016,686

Compensation

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.


Leadership Team

Experienced Management: CVX's management team is considered experienced (4.9 years average tenure).


Board Members

Experienced Board: CVX's board of directors are considered experienced (4.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.6%.


Top Shareholders

Company Information

Chevron Corporation's employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Chevron Corporation
  • 6001 Bollinger Canyon Road
  • San Ramon
  • California
  • 94583-2324
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/25 22:06
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.