Chevron Corp (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company operates in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

Symbol: CVX
Exchange: NYSE
Sector: Energy
Industry: Oil & Gas Integrated
Market cap: $407.94B
52 week range: 146.49 - 217.78

Valuation

Share price: $207.10 (close of 2026-10-01)
P/E (TTM): 19.78x
Price to book: 2.09x
Price to free cash flow: 15.10x
Enterprise value: $435.43B
Book value per share: $98.98

Price performance

Period	Change
1 day	+1.42%
5 days	+0.71%
1 month	-1.87%
3 months	+24.99%
6 months	+4.91%
Year to date	+35.88%
1 year	+33.98%
3 years	+22.82%
5 years	+98.50%
10 years	+101.22%
All time	+6233.33%

Members of Congress who disclosed CVX trades

Gilbert Ray Cisneros · Julie Johnson · David Taylor · Jefferson Shreve · Marjorie Taylor Greene · Markwayne Mullin · Bruce Westerman · Lisa McClain · Robert Bresnahan · Alan Armstrong · John Boozman · Josh Gottheimer

And 7 others

Super investors holding CVX

Warren Buffett (Berkshire Hathaway)

Profitability and growth

Return on equity: 6.40%
Return on assets: 3.80%
Gross margin: 41.33%
Net margin: 6.67%
EBITDA margin: 21.52%
Revenue growth: -4.64%
Net income growth: -30.36%
Free cash flow growth: 10.29%

Cash flow and balance sheet

Free cash flow yield (TTM): 6.62%
Current ratio: 1.25x
Net debt to EBITDA: 0.49x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $184.43B
Cost of revenue: $108.21B
Gross profit: $76.22B
EBITDA: $39.69B
Net income: $12.30B
Earnings per share: $6.65
Research and development: $427.00M
Shares outstanding: 1.85B

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$184.43B	$76.22B	$12.30B	$6.65
2024-12-31	$193.41B	$74.21B	$17.66B	$9.76
2023-12-31	$196.91B	$77.72B	$21.37B	$11.41
2022-12-31	$235.72B	$90.30B	$35.47B	$18.36
2021-12-31	$155.61B	$63.36B	$15.63B	$8.15
2020-12-31	$94.47B	$42.32B	-$5.54B	$-2.96
2019-12-31	$139.87B	$59.75B	$2.92B	$1.55
2018-12-31	$158.90B	$64.32B	$14.82B	$7.81
2017-12-31	$141.72B	$65.96B	$9.20B	$4.88
2016-12-31	$114.47B	$55.15B	-$497.00M	$-0.27

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity
2025-12-31	41.33%	6.67%	6.40%
2024-12-31	38.37%	9.13%	11.53%
2023-12-31	39.47%	10.85%	13.20%
2022-12-31	38.31%	15.05%	22.13%
2021-12-31	40.72%	10.04%	11.17%
2020-12-31	44.80%	-5.87%	-4.18%
2019-12-31	42.72%	2.09%	2.01%
2018-12-31	40.48%	9.33%	9.52%
2017-12-31	46.54%	6.49%	6.16%
2016-12-31	48.18%	-0.43%	-0.34%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$7.29B	-
2024-12-31	$8.26B	-
2023-12-31	$8.18B	-
2022-12-31	$17.68B	-
2021-12-31	$5.64B	$25.68B
2020-12-31	$5.60B	$25.68B
2019-12-31	$6.91B	$18.73B
2018-12-31	$9.34B	$23.73B
2017-12-31	$4.81B	$33.48B
2016-12-31	$6.99B	$35.19B

Free cash flow by year

Period end	Free cash flow
2025-12-31	$16.59B
2024-12-31	$15.04B
2023-12-31	$19.78B
2022-12-31	$37.63B
2021-12-31	$21.13B
2020-12-31	$1.66B
2019-12-31	$13.20B
2018-12-31	$16.83B
2017-12-31	$6.93B
2016-12-31	-$5.42B