NYSE:CVX

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

6 star dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

How has Chevron's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.4%

CVX

-1.7%

US Oil and Gas

0.5%

US Market


1 Year Return

-0.5%

CVX

-21.6%

US Oil and Gas

6.8%

US Market

Return vs Industry: CVX exceeded the US Oil and Gas industry which returned -21.6% over the past year.

Return vs Market: CVX underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

CVXIndustryMarket
7 Day0.4%-1.7%0.5%
30 Day-6.2%-6.4%-0.8%
90 Day-7.3%-9.4%-0.9%
1 Year3.5%-0.5%-18.7%-21.6%9.2%6.8%
3 Year30.2%15.8%-8.2%-16.4%45.6%36.2%
5 Year24.3%1.4%-24.8%-35.2%63.2%45.4%

Price Volatility Vs. Market

How volatile is Chevron's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

39.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVX ($114.74) is trading below our estimate of fair value ($191.28)

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 (14.7x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: CVX is good value based on its PE Ratio (14.7x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: CVX is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: CVX is overvalued based on its PB Ratio (1.4x) compared to the US Oil and Gas industry average (0.9x).


Next Steps

Future Growth

How is Chevron forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVX's forecast earnings growth (9.7% per year) is above the savings rate (2.7%).

Earnings vs Market: CVX's earnings (9.7% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: CVX's earnings are forecast to grow, but not significantly.

Revenue vs Market: CVX's revenue (0.1% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: CVX's revenue (0.1% 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 (9.8%).


Next Steps

Past Performance

How has Chevron performed over the past 5 years?

-5.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CVX's earnings have declined by -5.9% per year over the past 5 years.

Accelerating Growth: CVX's earnings growth over the past year (21.6%) exceeds its 5-year average (-5.9% per year).

Earnings vs Industry: CVX earnings growth over the past year (21.6%) underperformed the Oil and Gas industry 22.6%.


Return on Equity

High ROE: CVX's Return on Equity (9.3%) is considered low.


Return on Assets

ROA vs Industry: CVX's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: CVX's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Chevron's financial position?


Financial Position Analysis

Short Term Liabilities: CVX's short term assets ($33.1B) exceeds its short term liabilities ($28.8B)

Long Term Liabilities: CVX's short term assets (33.1B) do not cover its long term liabilities (69.6B)


Debt to Equity History and Analysis

Debt Level: CVX's debt to equity ratio (19.3%) is considered satisfactory

Reducing Debt: CVX's debt to equity ratio has increased from 15.2% to 19.3% over the past 5 years.

Debt Coverage: CVX's debt is well covered by operating cash flow (107.2%).

Interest Coverage: CVX's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet

Inventory Level: CVX has a high level of physical assets or inventory.

Debt Coverage by Assets: CVX's debt is covered by short term assets (assets are 1.089490x debt).


Next Steps

Dividend

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

4.08%

Current Dividend Yield


Dividend Yield vs Market

company4.1%marketbottom25%1.4%markettop25%3.7%industryaverage4.2%forecastin3Years4.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: CVX's dividend (4.15%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: CVX's dividend (4.15%) is in the top 25% of dividend payers in the US market (3.73%)

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 reasonable payout ratio (59.4%), CVX's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CVX's dividends in 3 years are forecast to be covered by earnings (63.8% payout ratio).


Next Steps

Management

What is the CEO of Chevron's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average management tenure


CEO

Mike Wirth (58yo)

1.7yrs

Tenure

US$20,640,623

Compensation

Mr. Michael K. Wirth, also known as Mike, serves as an Executive Vice President of Chevron Global Downstream LLC. Mr. Wirth has been Chairman and Chief Executive Officer of Chevron Corporation since Februa ...


CEO Compensation Analysis

Compensation vs. Market: Mike has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Mike's compensation has increased by more than 20% in the past year.


Management Age and Tenure

1.7yrs

Average Tenure

56yo

Average Age

Experienced Management: CVX's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Age and Tenure

4.8yrs

Average Tenure

63yo

Average Age

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


Insider Trading

Insider Buying: CVX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$502,07409 Aug 19
Debra Reed-Klages
EntityIndividual
Shares4,250
Max PriceUS$118.14
SellUS$255,67523 May 19
Enrique Hernandez
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,100
Max PriceUS$121.75
SellUS$512,93817 May 19
Enrique Hernandez
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,200
Max PriceUS$122.13

Ownership Breakdown


Management Team

  • Hew Pate (56yo)

    VP & General Counsel

    • Tenure: 10.2yrs
    • Compensation: US$5.91m
  • Mark Nelson (56yo)

    Executive Vice President of Downstream & Chemicals

    • Tenure: 0.6yrs
  • Mike Wirth (58yo)

    Chairman & CEO

    • Tenure: 1.7yrs
    • Compensation: US$20.64m
  • James Seutloadi

    Chairman & GM of Corporate & Government Affairs of Caltex Oil South Africa

    • Tenure: 15yrs
  • Pierre Breber (55yo)

    VP & CFO

    • Tenure: 0.5yrs
    • Compensation: US$8.03m
  • Rhonda Morris (54yo)

    VP & Chief Human Resources Officer

    • Tenure: 0.8yrs
  • Jay Johnson (60yo)

    Executive Vice President of Upstream

    • Tenure: 5.8yrs
    • Compensation: US$10.93m
  • Joe Geagea (60yo)

    Executive Vice President of Technology

    • Tenure: 4.3yrs
    • Compensation: US$7.85m
  • Maria Lindenberg

    Chief Procurement Officer

    • Tenure: 6.8yrs
  • Jeff Gustavson (46yo)

    Vice President of North America Exploration & Production Mid-Continent Business Unit

    • Tenure: 1.7yrs

Board Members

  • Ron Sugar (70yo)

    Lead Director

    • Tenure: 4.8yrs
    • Compensation: US$456.58k
  • Rick Hernandez (63yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$412.35k
  • Wick Moorman (67yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$503.20k
  • John Frank (62yo)

    Independent Director

    • Tenure: 1.9yrs
    • Compensation: US$442.94k
  • Inge Thulin (65yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$376.18k
  • Mike Wirth (58yo)

    Chairman & CEO

    • Tenure: 1.7yrs
    • Compensation: US$20.64m
  • James Seutloadi

    Chairman & GM of Corporate & Government Affairs of Caltex Oil South Africa

    • Tenure: 15yrs
  • Alice Gast (60yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$418.65k
  • Wanda Austin (65yo)

    Independent Director

    • Tenure: 2.8yrs
    • Compensation: US$416.01k
  • Dambisa Moyo (50yo)

    Independent Non-Executive Director

    • Tenure: 3yrs
    • Compensation: US$402.57k

Company Information

Chevron Corporation's company bio, 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$221.375b
  • Shares outstanding: 1.90b
  • Website: https://www.chevron.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CVXBVC (Bolsa de Valores de Colombia)YesCommon StockCOCOPJan 1968
CVXNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
CVX *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1968
CHVDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
CVXSWX (SIX Swiss Exchange)YesCommon StockCHCHFJan 1968
CHVXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
CVXWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1968
0R2QLSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
CVXSNSE (Santiago Stock Exchange)YesCommon StockCLUSDJan 1968
CHTEXENXTBR (Euronext Brussels)YesCommon StockBEUSDJan 1968
CVXBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 1/8 ORD USD0.75ARARSSep 2000
CHVX34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH REPR 1/2 COM USD0.75BRBRLAug 2012

Biography

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 segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:34
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.