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Chevron NYSE:CVX Stock Report

Last Price


Market Cap







26 May, 2022


Company Financials +
CVX fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance2/6
Financial Health5/6

CVX Stock Overview

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

Chevron Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chevron
Historical stock prices
Current Share PriceUS$176.59
52 Week HighUS$177.93
52 Week LowUS$92.86
1 Month Change12.81%
3 Month Change25.79%
1 Year Change71.43%
3 Year Change53.05%
5 Year Change69.36%
Change since IPO921.86%

Recent News & Updates

May 25

Exxon Mobil Vs. Chevron: Execution When The Blood Flows

Chevron sold some properties at the bottom of the market for probably a rock-bottom price. Exxon Mobil waited until prices were far better to begin to announce sales of similar noncore and likely high production cost properties. Shareholders pay management to do what is best for them. But that does not mean some managements will not take a short-cut from time to time. EQT management has pointed to the value aspects of the Chevron properties purchased as the price of natural gas rose. Exxon Mobil, as operator of the partnership, has a discovery in Guyana where the significance is rarely matched.

May 20
Returns On Capital Are Showing Encouraging Signs At Chevron (NYSE:CVX)

Returns On Capital Are Showing Encouraging Signs At Chevron (NYSE:CVX)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

May 16

Buy Energy On The Dip: 3 Top Stocks With Great Yields

Oil and gas are at the forefront of rising prices. YTD, the Energy Sector (XLE) is +40%, and high-yielding stocks may offset some of the pain at the pump. As a percentage of the S&P 500 market capitalization, energy is 60% lower in 2022, than it was in 2000. The entire sector might be undervalued by historical standards. Market volatility is creating more fear, suppressing some energy stocks, and limiting the upside. As geopolitical risks spook investors, our Quant model has identified energy stocks at discounts. The three energy stocks featured here are Strong Buys based on their promising growth potential, solid profitability, safe dividends, and great dividend yields. The yields on each of our stock picks are more than double the yield on the S&P 500.

Shareholder Returns

CVXUS Oil and GasUS Market

Return vs Industry: CVX exceeded the US Oil and Gas industry which returned 60.5% over the past year.

Return vs Market: CVX exceeded the US Market which returned -15.1% over the past year.

Price Volatility

Is CVX's price volatile compared to industry and market?
CVX volatility
CVX Average Weekly Movement5.0%
Oil and Gas Industry Average Movement8.3%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: CVX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CVX's weekly volatility (5%) has been stable over the past year.

About the Company

187942,595Mike Wirth

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation 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$346.97b
Earnings (TTM)US$20.51b
Revenue (TTM)US$176.84b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVX income statement (TTM)
Cost of RevenueUS$104.45b
Gross ProfitUS$72.39b
Other ExpensesUS$51.88b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)10.44
Gross Margin40.93%
Net Profit Margin11.60%
Debt/Equity Ratio19.9%

How did CVX perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


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

Valuation Score


Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CVX ($176.59) is trading below our estimate of fair value ($205.11)

Significantly Below Fair Value: CVX is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: CVX is poor value based on its Price-To-Earnings Ratio (16.9x) compared to the US Oil and Gas industry average (14x).

PE vs Market: CVX is poor value based on its Price-To-Earnings Ratio (16.9x) compared to the US market (15.2x).

Price to Earnings Growth Ratio

PEG Ratio: CVX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: CVX is overvalued based on its Price-To-Book Ratio (2.4x) compared to the US Oil and Gas industry average (2.1x).

Future Growth

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

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVX's earnings are forecast to decline over the next 3 years (-16% per year).

Earnings vs Market: CVX's earnings are forecast to decline over the next 3 years (-16% per year).

High Growth Earnings: CVX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CVX's revenue is expected to decline over the next 3 years (-8.5% per year).

High Growth Revenue: CVX's revenue is forecast to decline over the next 3 years (-8.5% 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 (13.5%).

Past Performance

How has Chevron performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CVX has high quality earnings.

Growing Profit Margin: CVX became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: CVX's earnings have declined by 7.8% per year over the past 5 years.

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 (88.4%).

Return on Equity

High ROE: CVX's Return on Equity (14%) is considered low.

Financial Health

How is Chevron's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CVX's short term assets ($44.7B) exceed its short term liabilities ($31.2B).

Long Term Liabilities: CVX's short term assets ($44.7B) do not cover its long term liabilities ($70.7B).

Debt to Equity History and Analysis

Debt Level: CVX's net debt to equity ratio (12%) is considered satisfactory.

Reducing Debt: CVX's debt to equity ratio has reduced from 30.5% to 19.9% over the past 5 years.

Debt Coverage: CVX's debt is well covered by operating cash flow (112.7%).

Interest Coverage: CVX's interest payments on its debt are well covered by EBIT (33.2x coverage).

Balance Sheet


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

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CVX's dividend (3.22%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: CVX's dividend (3.22%) is low compared to the top 25% of dividend payers in the US market (4.01%).

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.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51%), CVX's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (45%), CVX's dividend payments are well covered by cash flows.

Discover strong dividend paying companies


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 ($USD22.61M) is above average for companies of similar size in the US market ($USD13.20M).

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 (3.3 years average tenure).

Board Members

Experienced Board: CVX's board of directors are considered experienced (5.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: CVX insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

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
  • Implied Market Cap: US$346.966b
  • Shares outstanding: 1.96b
  • Website:

Number of Employees


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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/26 00:00
End of Day Share Price2022/05/26 00:00
Annual Earnings2021/12/31

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.