Chevron Balance Sheet Health
Financial Health criteria checks 5/6
Chevron has a total shareholder equity of $157.0B and total debt of $25.8B, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $259.2B and $102.2B respectively. Chevron's EBIT is $22.5B making its interest coverage ratio 43.7. It has cash and short-term investments of $4.7B.
Key information
16.5%
Debt to equity ratio
US$25.84b
Debt
| Interest coverage ratio | 43.7x |
| Cash | US$4.70b |
| Equity | US$157.03b |
| Total liabilities | US$102.20b |
| Total assets | US$259.23b |
Recent financial health updates
We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt
Oct 18
Is Chevron (NYSE:CVX) Using Too Much Debt?
Jun 07Recent updates
Chevron: Cash, Baby, Cash Is Good News For Shareholders
Dec 18Chevron: Oil Prices Break Below $70, But CVX Remains Undervalued
Dec 08Chevron: A Top Energy Investment For 2025
Nov 18Chevron Corporation Just Beat EPS By 6.6%: Here's What Analysts Think Will Happen Next
Nov 05Chevron: Good Quarter But Mr. Market Turns Pessimistic
Nov 03Chevron: 3 Reasons This Is The King Of Oil Dividend Aristocrats
Oct 22We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt
Oct 18Chevron: Think Of The Future - Buy
Oct 06Striking Oil: Why Chevron Remains A Strong Buy
Sep 20Chevron: Don't Miss This Buying Opportunity
Aug 20Buy Chevron Stock For The Overhangs
Aug 14Chevron Options Still Offer Better Prospects Than Hess
Aug 07Chevron Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Aug 05Chevron Has A Strong Growth Trajectory Into 2025
Jul 31Sentiment Still Eluding Chevron Corporation (NYSE:CVX)
Jul 26Chevron: I Don't Own It But I Should As It Yields Over 4%
Jul 08Chevron's 4.2% Yield Is A Steal (Upgrade)
Jul 01Is Chevron (NYSE:CVX) Using Too Much Debt?
Jun 07Chevron: Never Bet Against A Leading Oil Major
Jun 04It's Unlikely That Chevron Corporation's (NYSE:CVX) CEO Will See A Huge Pay Rise This Year
May 23Chevron Stock's EPS Growth Potential Can Surprise Market
May 08Chevron: The Fast Way To Hot Spots
May 01Analysts Have Made A Financial Statement On Chevron Corporation's (NYSE:CVX) First-Quarter Report
Apr 30Chevron: Resilient To Oil Price Volatility But Wait For A Pullback
Apr 19Chevron: A Strong Q1 Report Is Ahead
Apr 13Chevron: Solid As A Cap Rock But Fairly Valued For Now
Mar 26Chevron: Exxon Barges In To Scupper The Hess Deal Closure
Mar 12Chevron Is A Solid Company At A Respectable Price
Feb 27Financial Position Analysis
Short Term Liabilities: CVX's short term assets ($38.2B) exceed its short term liabilities ($35.7B).
Long Term Liabilities: CVX's short term assets ($38.2B) do not cover its long term liabilities ($66.5B).
Debt to Equity History and Analysis
Debt Level: CVX's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: CVX's debt to equity ratio has reduced from 20.8% to 16.5% over the past 5 years.
Debt Coverage: CVX's debt is well covered by operating cash flow (136.3%).
Interest Coverage: CVX's interest payments on its debt are well covered by EBIT (43.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 04:53 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chevron Corporation is covered by 66 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Selesky | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Betty Jiang | Barclays |