Chevron Corporation — CVX

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$154.92$312.14B19.914.011.2%7.5%$6.84
434.0%
1.8

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% 5.7% 17.2%
Revenue Analysts (#) 0 0 0 0 0 3 3
EPS Growth (%) -381.9% 127.0% -39.7% -17.4% -11.9% 20.2% -50.6%
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 · 2025-09-05 14:58 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
Segment 2022 Rev ($B) 2022 OI ($B) 2023 Rev ($B) 2023 OI ($B) 2024 Rev ($B) 2024 OI ($B) TTM Rev ($B) TTM OI ($B) % of Total (TTM)
Reportable Segment Aggregation Before Other Operating 471B 0.00B 394B 0.00B 387B 0.00B 365B 0.00B 50.0%
Downstream 345B 0.00B 302B 0.00B 293B 0.00B 267B 0.00B 36.6%
Upstream 127B 0.00B 91.5B 0.00B 93.7B 0.00B 97.8B 0.00B 13.4%
All Other Segments 0.23B 0.00B 0.27B 0.00B 0.26B 0.00B 0.24B 0.00B 0.0%

No segment data available for CVX (axis 2).

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $256,397M
1 Cash $4,638M
2 Total Liabilities $106,317M
3 Total Debt $29,681M
4 Total Equity $149,244M
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 10.67% 7.63% 10.37% 7.69% 0.83% 0.31% 11.52% 7.81% 82.8% 67.2%
3 Years 10.67% 7.63% 10.37% 7.69% 0.83% 0.31% 11.52% 7.81% 82.8% 67.2%
5 Years 10.67% 7.63% 10.37% 7.69% 0.83% 0.31% 11.52% 7.81% 82.8% 67.2%
10 Years 10.67% 7.63% 10.37% 7.69% 0.83% 0.31% 11.52% 7.81% 82.8% 67.2%

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