NYSE:CVX

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Reasonable growth potential average dividend payer.


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

Stable Share Price: CVX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.9%

CVX

-4.4%

US Oil and Gas

-1.4%

US Market


1 Year Return

-39.9%

CVX

-47.5%

US Oil and Gas

17.8%

US Market

Return vs Industry: CVX exceeded the US Oil and Gas industry which returned -46.7% over the past year.

Return vs Market: CVX underperformed the US Market which returned 18.5% over the past year.


Shareholder returns

CVXIndustryMarket
7 Day-2.9%-4.4%-1.4%
30 Day-7.1%-4.8%4.7%
90 Day-22.1%-18.3%8.2%
1 Year-36.8%-39.9%-44.3%-47.5%20.5%17.8%
3 Year-32.0%-40.2%-46.8%-53.8%42.2%32.7%
5 Year-2.3%-21.1%-44.0%-54.8%83.4%62.7%

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?

14.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CVX ($70.87) is trading below our estimate of fair value ($83.2)

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 unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: CVX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CVX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CVX is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is Chevron forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

64.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CVX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: CVX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CVX's is expected to become profitable in the next 3 years.

Revenue vs Market: CVX's revenue (16.3% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: CVX's revenue (16.3% 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 (7.4%).


Next Steps

Past Performance

How has Chevron performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CVX is currently unprofitable.

Growing Profit Margin: CVX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CVX is unprofitable, but has reduced losses over the past 5 years at a rate of 6.7% per year.

Accelerating Growth: Unable to compare CVX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CVX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-38%).


Return on Equity

High ROE: CVX has a negative Return on Equity (-6.54%), as it is currently unprofitable.


Next Steps

Financial Health

How is Chevron's financial position?


Financial Position Analysis

Short Term Liabilities: CVX's short term assets ($23.7B) exceed its short term liabilities ($20.8B).

Long Term Liabilities: CVX's short term assets ($23.7B) do not cover its long term liabilities ($68.2B).


Debt to Equity History and Analysis

Debt Level: CVX's debt to equity ratio (22.2%) is considered satisfactory.

Reducing Debt: CVX's debt to equity ratio has increased from 20.5% to 22.2% over the past 5 years.

Debt Coverage: CVX's debt is well covered by operating cash flow (61.2%).

Interest Coverage: Insufficient data to determine if CVX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

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

7.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CVX's dividend (7.28%) is higher than the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: CVX's dividend (7.28%) is in the top 25% of dividend payers in the US market (4.68%)


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.


Current Payout to Shareholders

Dividend Coverage: CVX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CVX's dividends in 3 years are not forecast to be well covered by earnings (103.1% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Mike Wirth (59 yo)

2.67yrs

Tenure

US$33,070,662

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's total compensation ($USD33.07M) is above average for companies of similar size in the US market ($USD11.20M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Michael Wirth
Chairman & CEO2.67yrsUS$33.07m0.0017%
$ 2.3m
Pierre Breber
VP & CFO1.5yrsUS$11.42m0.0023%
$ 3.2m
Joseph Geagea
Executive Vice President of Technology5.33yrsUS$13.01m0.0014%
$ 1.9m
Mark Nelson
Executive Vice President of Downstream & Chemicals1.58yrsUS$9.82m0.00079%
$ 1.1m
James Johnson
Executive Vice President of Upstream6.75yrsUS$15.32m0.00092%
$ 1.3m
R. Pate
VP & General Counsel11.17yrsUS$5.91m0.0012%
$ 1.6m
Rhonda Morris
VP & Chief Human Resources Officer1.75yrsno data0.0019%
$ 2.6m
James Seutloadi
Chairman & GM of Corporate & Government Affairs of Caltex Oil South Africa16yrsno datano data
Maria Lindenberg
Chief Procurement Officer7.75yrsno datano data
Jeff Gustavson
Vice President of North America Exploration & Production Mid-Continent Business Unit2.67yrsno datano data
Dana Flanders
President of Chevron Technology Ventures14.42yrsno datano data
Paul Siegele
CTO & President - Chevron Energy Technology Company9.75yrsno datano data

5.3yrs

Average Tenure

57yo

Average Age

Experienced Management: CVX's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Wirth
Chairman & CEO2.67yrsUS$33.07m0.0017%
$ 2.3m
James Seutloadi
Chairman & GM of Corporate & Government Affairs of Caltex Oil South Africa16yrsno datano data
Ronald Sugar
Lead Independent Director5.75yrsUS$435.64k0.00014%
$ 191.0k
Enrique Hernandez
Independent Director11.83yrsUS$410.64k0.00094%
$ 1.3m
Debra Reed-Klages
Independent Director1.83yrsUS$385.64k0.00022%
$ 300.2k
Charles Moorman
Independent Director8.42yrsUS$415.64k0.00068%
$ 927.8k
John Frank
Independent Director2.92yrsUS$385.64k0.00011%
$ 150.1k
Alice Gast
Independent Director7.83yrsUS$385.64k0.00014%
$ 191.0k
Wanda Austin
Independent Director3.83yrsUS$490.64k0.00028%
$ 382.1k
Dambisa Moyo
Independent Non-Executive Director4yrsUS$375.64k0.00029%
$ 395.7k
Jon Huntsman
Director0.083yrUS$350.07k0.00011%
$ 150.1k
D. Umpleby
Independent Director2.58yrsUS$385.64k0.00013%
$ 177.4k

3.9yrs

Average Tenure

63yo

Average Age

Experienced Board: CVX's board of directors are considered experienced (3.9 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.


Top Shareholders

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$136.448b
  • Shares outstanding: 1.93b
  • Website: https://www.chevron.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
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
CVXBVC (Bolsa de Valores de Colombia)YesCommon StockCOCOPJan 1968
CVXSNSE (Santiago Stock Exchange)YesCommon StockCLUSDJan 1968
CVX-UETLX (Eurotlx)YesCommon StockITEURJan 1968
0R2QLSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
CVXWBAG (Wiener Boerse AG)YesCommon StockATEURJan 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 Analysis2020/10/21 23:34
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.