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

-0.5%

NYSE:CVX

-2.0%

US Oil and Gas

-1.6%

US Market


1 Year Return

-3.2%

NYSE:CVX

-26.0%

US Oil and Gas

-3.0%

US Market

CVX outperformed the Oil and Gas industry which returned -26% over the past year.

CVX matched the United States of America Market (-3%) over the past year.


Share holder returns

CVXIndustryMarket
7 Day-0.5%-2.0%-1.6%
30 Day-8.3%-10.8%-5.7%
90 Day-3.0%-10.6%0.2%
1 Year0.7%-3.2%-23.3%-26.0%-0.8%-3.0%
3 Year27.8%13.7%-9.5%-17.6%38.1%29.1%
5 Year9.1%-11.0%-34.8%-43.8%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

34%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Chevron's share price is below the future cash flow value, and at a moderate discount (> 20%).

Chevron's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Chevron is overvalued based on earnings compared to the US Oil and Gas industry average.

Chevron is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Chevron is poor value based on expected growth next year.


Price Based on Value of Assets

Chevron is overvalued based on assets compared to the US Oil and Gas industry average.


Next Steps

Future Growth

How is Chevron expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Chevron's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).

Chevron's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Chevron's revenue growth is positive but not above the United States of America market average.

Chevron's earnings growth is positive but not above the United States of America market average.

Chevron's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Chevron is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Chevron's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Chevron's 1-year earnings growth exceeds its 5-year average (21.6% vs -5.9%)

Chevron's earnings growth has not exceeded the US Oil and Gas industry average in the past year (21.6% vs 22.6%).


Return on Equity

Chevron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Chevron used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.


Return on Capital Employed

Chevron has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).


Next Steps

Financial Health

How is Chevron's financial position?


Financial Position Analysis

Chevron is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Chevron's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Chevron's level of debt (19.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (15.2% vs 19.3% today).

Debt is well covered by operating cash flow (107.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 24.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.1x debt.


Next Steps

Dividend

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

4.35%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Chevron's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Chevron's dividend is above the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.6x coverage).


Next Steps

Management

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

4.2yrs

Average management tenure


CEO

Mike Wirth (58yo)

1.5yrs

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

Mike's remuneration is higher than average for companies of similar size in United States of America.

Mike's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.2yrs

Average Tenure

56yo

Average Age

The tenure for the Chevron management team is about average.


Board Age and Tenure

4.6yrs

Average Tenure

63yo

Average Age

The tenure for the Chevron board of directors is about average.


Insider Trading

More shares have been bought than sold by Chevron individual insiders 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: 10.0yrs
    • Compensation: US$5.91m
  • Mark Nelson (56yo)

    Executive Vice President of Downstream & Chemicals

    • Tenure: 0.4yrs
  • Mike Wirth (58yo)

    Chairman & CEO

    • Tenure: 1.5yrs
    • Compensation: US$20.64m
  • James Seutloadi

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

    • Tenure: 14.8yrs
  • Dana Flanders

    President of Chevron Technology Ventures

    • Tenure: 13.3yrs
  • Pierre Breber (55yo)

    VP & CFO

    • Tenure: 0.3yrs
    • Compensation: US$8.03m
  • Rhonda Morris (54yo)

    VP & Chief Human Resources Officer

    • Tenure: 0.6yrs
  • Jay Johnson (60yo)

    Executive Vice President of Upstream

    • Tenure: 5.6yrs
    • Compensation: US$10.93m
  • Joe Geagea (60yo)

    Executive Vice President of Technology

    • Tenure: 4.2yrs
    • Compensation: US$7.85m
  • Maria Lindenberg

    Chief Procurement Officer

    • Tenure: 6.6yrs

Board Members

  • Ron Sugar (70yo)

    Lead Director

    • Tenure: 4.6yrs
    • Compensation: US$456.58k
  • Rick Hernandez (63yo)

    Independent Director

    • Tenure: 10.7yrs
    • Compensation: US$412.35k
  • Wick Moorman (67yo)

    Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$503.20k
  • John Frank (62yo)

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$442.94k
  • Inge Thulin (65yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$376.18k
  • Mike Wirth (58yo)

    Chairman & CEO

    • Tenure: 1.5yrs
    • Compensation: US$20.64m
  • James Seutloadi

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

    • Tenure: 14.8yrs
  • Alice Gast (60yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$418.65k
  • Wanda Austin (65yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$416.01k
  • Dambisa Moyo (50yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • 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$218.660b
  • 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 USD0.75 (USD)ARARSSep 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 Analysis2019/08/24 23:33
End of Day Share Price2019/08/23 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.