CVX
Chevron Corporation
$187.21
▼ 1.1%Updated Aug 7, 11:30 AM ET
CVX at a glance — five pillars scored 0–100 from real filed financials.
Overall: Weak · 37/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 17.2% over the last 12 months
Market Cap
$336.98B
P/E
33.75x
Forward P/E (est.)
48.22x
ROE
6.2%
Revenue Growth
-3.6%
EPS Growth
-34.0%
Profit Margin
5.9%
FCF Yield
12.1%
Debt / Equity
0.22x
ROIC
—
Interest Coverage
—
Current Ratio
1.09x
Dividend Yield
3.9%
Implied Growth (rev. DCF)
3.9%
Rating Score
37/100
Chevron Corporation (CVX) is a mega-cap company in the Integrated Oil & Gas industry, part of the Energy sector of the S&P 500, with a market value around $336.98B.
In its latest reported year it generated about $189.03B in revenue and $12.30B in net profit.
Our model rates CVX Weak (37/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what CVX's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. CVX trades near $187.21, above its 50-day average ($184.02) and 200-day average ($172.43). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 25 it is oversold — selling has been heavy and a bounce is possible.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. CVX's is $3.87 (~2.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month CVX found buyers near $164.78 (support) and sellers near $192.69 (resistance); its 52-week range is $145.47–$214.71. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.0× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
3.9%
Revenue moved from $114.47B in 2016 to $189.03B in 2025, a 5.7% compound annual growth rate. The most recent year declined 3.6% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?
Gross Margin
42.0%
Operating Margin
8.9%
Net Margin
6.5%
ROE
6.2%
Chevron Corporation keeps about 5.9% of each sales dollar as net profit, with a 42.0% gross margin and 8.9% operating margin. Return on equity is 6.2%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
$25.68B
Net Debt
$21.67B
Net Debt / EBITDA
—
Debt / Equity
0.22x
Leverage: debt-to-equity is 0.2x, with a current ratio of 1.1x. That is a conservative balance sheet — a cushion in downturns. It carries roughly $25.68B of total debt against $4.01B of cash.
Operating CF
$33.94B
Free Cash Flow
$16.59B
FCF Margin
8.8%
In the latest year Chevron Corporation produced about $33.94B of operating cash flow and $16.59B of free cash flow after capital spending. That is a free-cash-flow yield of about 12.1% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The dividend is being paid, but coverage or consistency is thinner than an income investor should rely on without a closer look.
Dividend yield
3.9%
Per share (latest FY)
$6.84
Total paid (latest FY)
$12.75B
History on record
10 years
dividend uses 77% of free cash flow
104% of net income paid out
total dividends increased 9 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
33.75x
P/S
1.94x
P/B
1.71x
EV / EBITDA
—
CVX trades at 33.8x trailing earnings (about 48.2x on estimated forward earnings), 1.9x sales, and 1.7x book value. Reverse-engineering today's price implies the market expects roughly 3.9% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$92.41
Current price
$187.21
Starting FCF (latest 10-K)
$16.59B
Growth, years 1–5
-3.6%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where CVX sits versus its Energy sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 47 Energy companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How CVX stacks up against its Energy peers — valuation, profitability, and growth versus the sector median.
In the Energy sector (57 S&P 500 companies), CVX ranks #42 of 57 by our overall rating. It trades at a premium versus the sector on earnings (33.8x P/E vs. 19.4x median) with a lower return on equity (6.2% vs. 13.3%) and slower revenue growth (-3.6% vs. 0.7%).
P/E vs sector
33.8x
median 19.4x
ROE vs sector
6.2%
median 13.3%
Growth vs sector
-3.6%
median 0.7%
Sector rank
#42
of 57 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Energy companies by sub-industry and size. Sector median is across all 57 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $187.21 today · expected CAGR -2% – 9%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $194.70B | $200.54B | $206.56B | $212.76B | $219.14B |
| Net income | $13.63B | $14.04B | $14.46B | $14.89B | $15.34B |
| EPS | $7.57 | $7.80 | $8.03 | $8.27 | $8.52 |
| Share price (low) | $151.43 | $155.98 | $160.66 | $165.48 | $170.44 |
| Share price (high) | $257.44 | $265.16 | $273.12 | $281.31 | $289.75 |
| CAGR (low–high) | -19% / 38% | -9% / 19% | -5% / 13% | -3% / 11% | -2% / 9% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for CVX:
- Healthy free-cash-flow yield (~12.1%) funds buybacks and dividends.
- A conservative balance sheet (debt/equity 0.2x) lowers risk.
- Pays a 3.9% dividend on top of any price gains.
The case against CVX:
- Revenue growth is slow/negative (-3.6%), limiting the upside engine.
- Our model's overall read is Weak (37/100).
Valuation risk — at 33.8x earnings, disappointing results could compress the multiple.
Growth risk — sluggish revenue (-3.6%) leaves little margin for execution missteps.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen weakly: Chevron Corporation is a mega-cap energy business with shrinking revenue, with modest profitability, and a sound balance sheet. It trades at 33.8x earnings, which our model scores Weak (37/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 31 Wall Street analysts covering CVX recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+10 pts of buy ratings).
Latest SEC Filings
CVX's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
CVX — frequently asked questions
Is CVX a good stock to buy?
We don't give buy or sell advice. Our model rates Chevron Corporation Weak (37/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is CVX's rating on The Stocks School?
Chevron Corporation currently scores 37/100 (Weak) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does CVX's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Chevron Corporation's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for CVX calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this CVX analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell CVX. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.