Ledger

CVX

CVX·Energy
www.chevron.com

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments.

$208.60
-$2.72 (-1.29%)Today
Open
$209.51
High
$209.86
Low
$207.12
Volume
5.4M
$146.4952-Week Range$214.71
Current: $208.60 · Near 52W High
MARKET CAP
$409.2B
P/E (TTM)
20.1x
P/B RATIO
2.2x
ROE
12.2%
EPS (TTM) 53.5% Rev YoY
$10.39
DIVIDEND YIELD
3.37%
BETA
0.49
Defensive / low-beta

Company Info

Industry
Oil & Gas Integrated
Country
United States

Leadership

MM
Mr. Michael K. Wirth
Chief Executive Officer
Stock Score
Strong Growth
51/ 100
Val
53
Grw
66
Qly
28
Value 40%·Growth 35%·Quality 25%
Price History
$208.60 $54.60 (35.45%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement

Income Statement

Revenue & Margin Trend

PeriodRevenueOpExEBITDANet IncomeEPS
2022$235.72B$34.03B$65.48B$35.47B$18.28
2023$196.91B$34.16B$47.81B$21.37B$11.36
2024$193.41B$38.01B$45.81B$17.66B$9.72
2025$184.43B$39.41B$41.42B$12.30B$6.63
02 / Balance Sheet

Balance Sheet

Cash & Equivalents
$6.29B
Total Debt
$40.76B

Assets Distribution

Current Assets
Non-Current Assets

Liabilities & Equity

Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow

Cash Flow

Positive free cash flow of $16.6B — 49% of operating cash flow.
Operating CF
$33.9B
Free Cash Flow
$16.6B
Investing CF
-$15.9B
Financing CF
-$19.1B

Cash Flow Mix

Operating Cash$33.9B
Investing Cash-$15.9B
Financing Cash-$19.1B
Net Change-$1B

FCF Generation

The company converts 49% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.

CapEx Burden

Capital expenditures consume $15.9B of operating cash. Monitor for maintenance vs. growth CapEx split.

Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios

Financial Ratios

Profitability

Gross Margin
30.4%
Gross Profit / Revenue
Operating Margin
9.0%
Op. Income / Revenue
Net Margin
6.7%
Net Income / Revenue
ROIC
5.4%
Return on Invested Capital

Liquidity & Leverage

Current Ratio
1.15x
Current Assets / Current Liab.
Cash Ratio
0.19x
Cash / Current Liab.
Debt-to-Equity
0.22
Total Debt / Equity
Asset Turnover
0.57
Revenue / Total Assets

Returns

ROE
12.2%
Return on Equity
ROA
5.9%
Return on Assets
EPS (TTM)
$10.39
Earnings Per Share
06 / Historical Trends

Historical Trends

Revenue

-7.9% CAGR

Net Income

-29.7% CAGR

EPS

-28.7% CAGR
05 / Dividends

Dividends & Yield

Dividend Yield
3.37%
Annual
Annual Dividend
$7.03
Per Share
Payout Ratio
67.7%
Div / EPS
Est. Div Growth
+21.4%
Approx. YoY

Dividend Safety Assessment

The payout ratio of 68% is moderate. The dividend appears sustainable but leaves limited room for increases without earnings growth.

Recent Dividend Payments

DateAmount
2026-08-19$1.78
2026-05-19$1.78
2026-02-17$1.78
2025-11-18$1.71
2025-08-19$1.71
2025-05-19$1.71
2025-02-14$1.71
2024-11-18$1.63
2024-08-19$1.63
2024-05-16$1.63

Institutional Ownership

Moderate Institutional Support

Top 3 institutional holders control 21.6% of shares, providing a stable foundation of institutional capital.

Retail Influence

Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.

Top Institutional Holders

Blackrock Inc.7.84%
154.82M shares
State Street Corporation7.51%
148.45M shares
Vanguard Capital Management LLC6.22%
122.9M shares
Berkshire Hathaway, Inc4.27%
84.38M shares
Geode Capital Management, LLC2.25%
44.54M shares

Top ETFs Holding

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.04%
60.06M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.46%
48.51M shares
SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF1.75%
34.67M shares
iShares Trust-iShares Core S&P 500 ETF1.30%
25.75M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.23%
24.21M shares
07 / Market Events

Market Events

Upcoming Earnings

OCT
30FRI
DateOct 30, 2026
DayFriday
Revenue Est.$57.1B
EPS Est.$4.73

Split Record

DateTypeRatio
2004-09-13Forward2:1
1994-06-13Forward2:1
1981-03-11Forward2:1
1973-12-11Forward2:1
08 / Market Intelligence

Market Intelligence

Analyst Consensus

Consensus (25 Ratings)
Buy
Strong Buy
6
Buy
14
Hold
4
Sell
1
Strong Sell
0
Recent Insider Trades
PATE ROBERT HEWITT
Officer
Sale
2,470 shs
MOYO DAMBISA F
Director
Sale
350 shs
WALZ ANDREW BENJAMIN
Officer
Sale
16,800 shs
WALZ ANDREW BENJAMIN
Officer
Sale
16,800 shs
Price Targets
Upside to Mean+6.0%
$175$221$243
Low
$175.00
Mean
$221.21
Median
$224.50
High
$243.00

Earnings History

Beat Rate
4/4
Avg Surprise
+17.0%
PeriodEst. EPSAct. EPSSurprise
2025-09$1.71$1.85+8.4%
2025-12$1.44$1.52+5.2%
2026-03$0.97$1.41+45.6%
2026-06$5.57$6.06+8.8%