Chevron Corp
Chevron Corp (CVX) is listed on NYSE and classified in Oil & Gas Integrated, part of the Energy sector. It is headquartered in Houston, United States and has 43,039 employees. The company is worth $444.66B and trades at 21.8x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was $189.03B in fiscal 2025, down 6.8% from the year before. Net income was $12.3B. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.14%, and has raised its annual dividend for 28 years in a row in our records. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Warren Buffett (Berkshire Hathaway), at $13.99B. In that quarter, 5 of them opened or added to the position and 2 reduced it. Over the last 30 days, company insiders sold $9.77M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Articles on this site that cover Chevron Corp.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +99.3% over 5Y.
today you would have $2,401.33▲ +140.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $152.41 | $144.84 | $149.16 | $179.49 | $117.35 | $84.45 | $120.51 | $108.79 | $125.19 | $117.70 | $89.96 | $112.18 | $124.91 | $108.14 | $106.40 | $91.25 | $76.99 | $73.97 | $93.33 | |
| P/E | 13.1x | 23.0x | 14.9x | 13.1x | 9.8x | 14.4x | — | 78.3x | 14.1x | 25.8x | — | 36.7x | 11.1x | 11.3x | 8.1x | 7.9x | 9.6x | 14.7x | 6.3x | 10.6x |
| P/S | 1.3x | 1.6x | 1.3x | 1.4x | 1.4x | 1.4x | 1.7x | 1.5x | 1.2x | 1.8x | 2.1x | 1.3x | 1.0x | 1.1x | 0.9x | 0.9x | 0.9x | 0.9x | 0.6x | — |
| P/B | 1.6x | 1.6x | 1.7x | 1.7x | 2.1x | 1.6x | 1.2x | 1.6x | 1.3x | 1.6x | 1.5x | 1.1x | 1.4x | 1.6x | 1.5x | 1.7x | 1.7x | 1.7x | 1.8x | — |
| EPS | $6.63 | $9.72 | $11.36 | $18.28 | $8.14 | -$2.96 | $1.54 | $7.74 | $4.85 | -$0.27 | $2.45 | $10.14 | $11.09 | $13.32 | $13.44 | $9.48 | $5.24 | $11.67 | $8.77 | |
| Dividend yield | 3.64% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% | 3.75% | 3.12% | 3.25% | 2.90% | 3.11% | 3.45% | 3.42% | 2.42% |
| Payout | 50.76% | 103.17% | 67.08% | 53.17% | 31.07% | 65.23% | — | 309.09% | 57.88% | 89.07% | — | 174.69% | 41.52% | 35.17% | 26.35% | 22.99% | 29.96% | 50.76% | 21.68% | 25.77% |
| Profit margin | 8.91% | 6.51% | 8.71% | 10.63% | 14.40% | 9.62% | -5.85% | 2.00% | 8.91% | 6.83% | -0.46% | 3.50% | 9.44% | 9.72% | 11.19% | 10.95% | 9.69% | 6.41% | 9.09% | 8.87% |
| ROE | 11.59% | 6.60% | 11.59% | 13.28% | 22.27% | 11.24% | -4.21% | 2.03% | 9.59% | 6.21% | -0.34% | 3.00% | 12.41% | 14.37% | 19.18% | 22.16% | 18.10% | 11.41% | 27.62% | 24.24% |
Median of the years shown; P/E years above 200x are left out.
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.1% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
Median P/E of 13.1 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+5.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| SHELShell plc | $105.80 | 11.7x | 1.6x | 2.95% | 14.34% | $300.94B |
| XOMExxonMobil Holdings Corp | $178.23 | 22.9x | 2.8x | 2.31% | 12.58% | $732.87B |
| TTETotalEnergies SE | $90.96 | 11.4x | 1.6x | 4.44% | 14.48% | $200.55B |
| COPConocophillips | $145.63 | 19.3x | 2.7x | 2.31% | 14.18% | $174.95B |
| PBRPetrobras - Petroleo Brasileiro SA | $25.62 | 6.5x | 1.7x | 5.58% | 30.27% | $165.1B |
| PBR.APetrobras - Petroleo Brasileiro SA | $22.90 | 5.8x | 1.5x | 6.24% | 30.27% | $156.79B |