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CHEVRON CORP CVX

NYSE · stock · Petroleum Refining · website · IPO 1921-06-24

CHEVRON CORP statistics & valuation

Market cap$340.7B
P / E27.7×
P / S1.8×
P / B1.8×
Dividend yield3.74%
Net margin6.5%
Return on equity6.4%
Graham number -36.8%$124.28

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($124.28); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-0.40% 6.50% 8.90% 2.00% -5.90% 9.60% 14.40% 10.60% 8.70% 6.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
-0.30% 6.20% 9.50% 2.00% -4.20% 11.20% 22.10% 13.20% 11.50% 6.40% 2016201720182019202020212022202320242025
Shares outstanding
1.87B 1.90B 1.91B 1.90B 1.87B 1.92B 1.94B 1.88B 1.82B 1.86B 2016201720182019202020212022202320242025
Net debt ($)
$28.20B $28.66B $14.39B $18.73B $20.08B $20.04B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-0.20% 3.60% 5.80% 1.20% -2.30% 6.50% 13.80% 8.20% 6.90% 3.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.24× 0.22× 0.15× 0.13× 0.19× 0.18× 2016201720182019202020212022202320242025
EPS ($)
-$0.27 $4.85 $7.74 $1.54 -$2.96 $8.14 $18.28 $11.36 $9.72 $6.63 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

CHEVRON CORP trades at about 29.7× earnings — above its 10-year norm (10-year range 9.5×–69.6×, median 16.1×).

9.5× 69.6×

Shaded band = 10-year range (9.5×–69.6×); dot = today's 29.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin6.5%8.7%10.6%14.4%9.6%-5.9%2.0%8.9%6.5%-0.4%
Return on assets3.8%6.9%8.2%13.8%6.5%-2.3%1.2%5.8%3.6%-0.2%
Return on equity6.4%11.5%13.2%22.1%11.2%-4.2%2.0%9.5%6.2%-0.3%
Debt / equity————0.18×0.19×0.13×0.15×0.22×0.24×
Current ratio1.151.061.271.471.261.181.071.251.030.93

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.