Chevron Corporation — CVX

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$155.02$309.94B21.814.012.2%7.5%$6.84
4.4%
1.6

Revenue & Net Income

Revenue & Net Income
  Date Revenue Net Income EPS Revenue Change Net Income Change EPS Change
0 2020-12-31 $94.5B $-5.5B $-2.96 N/A N/A N/A
1 2021-12-31 $155.6B $15.6B $8.15 64.7% -381.9% -375.3%
2 2022-12-31 $235.7B $35.5B $18.36 51.5% 127.0% 125.3%
3 2023-12-31 $196.9B $21.4B $11.41 -16.5% -39.7% -37.9%
4 2024-12-31 $193.4B $17.7B $9.76 -1.8% -17.4% -14.5%
5 TTM 2025-03-31 $192.9B $15.7B $8.75 -0.2% -11.3% -10.3%
6 Average 19.5% -64.7% -62.5%

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 Average
Revenue Growth (%) 64.7% 51.5% -16.5% -1.8% -0.2% 7.3% 17.5%
Revenue Analysts (#) 0 0 0 0 0 3 3
EPS Growth (%) -381.9% 127.0% -39.7% -17.4% -17.5% 8.8% -53.4%
EPS Analysts (#) 0 0 0 0 0 5 5

Expenses

Revenue vs Expenses Expenses % of Revenue
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 $121.5B $4.1B $15.0B
2024 $193.4B $119.9B $4.8B $16.6B
TTM $187.7B $116.8B $4.9B $17.0B
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 -17.01 -3.97 -2.00
2024 -1.78 -1.37 16.74 10.91
TTM -2.94 -2.59 1.08 2.05
No unmapped expenses.

Segment Performance

SEGMENTS v2025-09-09 · 2025-11-10 08:20 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income 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 Reportable Aggregation Before Other Operating OI Downstream Rev Downstream OI Upstream Rev Upstream OI All Other Segments Rev All Other Segments OI Total Rev Total OI
2022 471.2B 0.00B 344.6B 0.00B 126.6B 0.00B 0.23B 0.00B 942.6B 0.00B
2023 393.6B 0.00B 302.1B 0.00B 91.5B 0.00B 0.27B 0.00B 787.4B 0.00B
2024 386.6B 0.00B 292.9B 0.00B 93.7B 0.00B 0.26B 0.00B 773.4B 0.00B
TTM 372.2B 0.00B 262.4B 0.00B 109.8B 0.00B 0.23B 0.00B 744.7B 0.00B
% of Total (TTM) 50.0% 35.2% 14.8% 0.0% 100%

No segment data available for CVX (axis 2).

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $250,820M
1 Cash $4,061M
2 Total Liabilities $103,562M
3 Total Debt $29,467M
4 Total Equity $146,417M
5 Debt to Equity Ratio 0.20

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
$149.55 4.4% Nicks Growth: 2%
Nick's Expected Margin: 10%
FINVIZ Growth: 7%
Nicks: 8
Finviz: 14
Nick's: 0.786 1.3 17.1
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$8.75 EPS TTM $68.80 -54.0% $118.34 -20.9%
$6.87 EPS 2025 $54.02 -63.9% $92.91 -37.9%
$8.74 EPS 2026 $68.73 -54.0% $118.20 -21.0%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 10.99% 7.58% 11.20% 7.57% 0.74% 0.27% 12.18% 7.55% 99.1% 44.4%
3 Years 10.99% 7.58% 11.20% 7.57% 0.74% 0.27% 12.18% 7.55% 99.1% 44.4%
5 Years 10.99% 7.58% 11.20% 7.57% 0.74% 0.27% 12.18% 7.55% 99.1% 44.4%
10 Years 10.99% 7.58% 11.20% 7.57% 0.74% 0.27% 12.18% 7.55% 99.1% 44.4%

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