Chevron Corporation — CVX

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$182.46$363.39B31.714.716.7%8.4%$7.12
3.9%
2.0

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2020-12-31 $94,471M $-5,543M $-2.96 2024-02-03 03:17:10 N/A N/A N/A
1 2021-12-31 $155,606M $15,625M $18.36 2026-03-03 08:32:37 64.7% -381.9% -720.3%
2 2022-12-31 $235,717M $35,465M $18.36 2026-05-29 09:07:07 51.5% 127.0% 0.0%
3 2023-12-31 $196,913M $21,369M $11.41 2026-05-29 09:07:07 -16.5% -39.7% -37.9%
4 2024-12-31 $193,414M $17,661M $9.76 2026-05-29 09:07:07 -1.8% -17.4% -14.5%
5 2025-12-31 $184,432M $12,299M $6.65 2026-05-29 09:07:07 -4.6% -30.4% -31.9%
6 TTM 2026-03-31 $185,887M $11,009M $5.75 2026-05-07 08:55:05 0.8% -10.5% -13.5%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

CVX Year-over-Year Growth

  2020 2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) 64.7% 51.5% -16.5% -1.8% -4.6% 27.4% -10.9% 15.7%
Revenue Analysts (#) 0 0 0 0 0 0 12 12
EPS Growth (%) -381.9% 127.0% -39.7% -17.4% -30.4% 136.6% -14.9% -31.5%
EPS Analysts (#) 0 0 0 0 0 0 22 24

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) SG&A ($) Facilities / D&A ($)
2021 $155.6B $93.2B $4.0B $17.0B
2022 $235.7B $146.4B $4.3B $15.3B
2023 $196.9B $118.8B $4.1B $17.8B
2024 $193.4B $118.8B $4.8B $17.7B
2025 $184.4B $107.9B $5.1B $20.5B
TTM $185.9B $107.6B $5.0B $22.1B
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) SG&A Change (%) Facilities / D&A Change (%)
2022 51.48 57.19 7.42 -10.10
2023 -16.46 -18.90 -3.97 16.13
2024 -1.78 0.01 16.74 -0.29
2025 -4.64 -9.17 6.04 15.50
TTM 0.79 -0.29 -3.02 8.10
No unmapped expenses.

Segment Performance

axis1_CVX_Reportable_Aggregation_Before_Other_Operating.png axis1_CVX_Downstream.png axis1_CVX_Upstream.png axis1_CVX_All_Other_Segments.png
SEGMENTS v2025-09-09 · 2026-05-29 09:07 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Reportable Aggregation Before Other Operating Rev Downstream Rev Upstream Rev All Other Segments Rev Total Rev
2023 393.6B 302.1B 91.5B 0.27B 787.4B
2024 386.6B 292.9B 93.7B 0.26B 773.4B
2025 368.7B 261.8B 106.9B 0.21B 737.5B
TTM 942.5B 690.7B 251.8B 0.54B 1885.5B
% of Total (TTM) 50.0% 36.6% 13.4% 0.0% 100%

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $329,551M
1 Cash $5,323M
2 Total Liabilities $140,180M
3 Total Debt $45,428M
4 Total Equity $183,715M
5 Debt to Equity Ratio 0.25

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$182.46 4.5% Nicks Growth: 2%
Nick's Expected Margin: 10%
FINVIZ Growth: 19%
Nicks: 8
Finviz: 40
Nick's: 0.780 2.0 31.7
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$5.75 EPS TTM $44.85 -75.4% $229.14 25.6%
$14.61 EPS 2026 $113.97 -37.5% $582.23 219.1%
$12.44 EPS 2027 $97.01 -46.8% $495.60 171.6%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 12.89% 9.09% 12.01% 7.92% 2.27% 1.93% 16.73% 8.40% 93.4% 54.8%
3 Years 12.89% 9.09% 12.01% 7.92% 2.27% 1.93% 16.73% 8.40% 93.4% 54.8%
5 Years 12.89% 9.09% 12.01% 7.92% 2.27% 1.93% 16.73% 8.40% 93.4% 54.8%
10 Years 12.89% 9.09% 12.01% 7.92% 2.27% 1.93% 16.73% 8.40% 93.4% 54.8%

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