Chevron (NYSE:CVX) - Share price, News & Analysis

CVX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	5/6

CVX Stock Overview

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

Rewards

Trading at 13.9% below our estimate of its fair value

Became profitable this year

Pays a reliable dividend of 3.22%

Risk Analysis

Earnings are forecast to decline by an average of 16% per year for the next 3 years

Significant insider selling over the past 3 months

Chevron Competitors

Exxon Mobil

NYSE:XOM

US$407.1b

Occidental Petroleum

NYSE:OXY

US$64.3b

Saudi Arabian Oil

SASE:2222

ر.س9.1t

Shell

LSE:SHEL

UK£179.1b

Price History & Performance

Summary of all time highs, changes and price drops for Chevron
Historical stock prices
Current Share Price	US$176.59
52 Week High	US$177.93
52 Week Low	US$92.86
Beta	1.09
1 Month Change	12.81%
3 Month Change	25.79%
1 Year Change	71.43%
3 Year Change	53.05%
5 Year Change	69.36%
Change since IPO	921.86%

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)

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

	CVX	US Oil and Gas	US Market
7D	5.8%	5.5%	1.0%
1Y	71.4%	60.5%	-15.1%

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 Movement	5.0%
Oil and Gas Industry Average Movement	8.3%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

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

Founded	Employees	CEO	Website
1879	42,595	Mike Wirth	https://www.chevron.com

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 Cap	US$346.97b
Earnings (TTM)	US$20.51b
Revenue (TTM)	US$176.84b

16.9x

P/E Ratio

2.0x

P/S Ratio

Is CVX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CVX income statement (TTM)
Revenue	US$176.84b
Cost of Revenue	US$104.45b
Gross Profit	US$72.39b
Other Expenses	US$51.88b
Earnings	US$20.51b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	10.44
Gross Margin	40.93%
Net Profit Margin	11.60%
Debt/Equity Ratio	19.9%

How did CVX perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

51%

Payout Ratio

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

13.9%

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

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-16.0%

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

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-7.8%

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

5/6

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

Dividend

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

Dividend Score

5/6

Dividend Score 5/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.22%

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

Management

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

3.3yrs

Average management tenure

CEO

Mike Wirth (60 yo)

4.25yrs

Tenure

US$22,610,285

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

Ownership

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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31