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About

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities. It has operations in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Integrated Market Cap 368.32B
Enterprise Value 404.33B Income 12.30B Sales 186.03B
Book/sh 94.95 Cash/sh 3.90 Dividend Yield 3.84%
Payout 103.17% Employees — IPO —
P/E 27.74 Forward P/E 20.12 PEG —
P/S 1.98 P/B 1.94 P/C —
EV/EBITDA 10.62 EV/Sales 2.17 Quick Ratio —
Current Ratio — Debt/Eq 21.24 LT Debt/Eq —
EPS (ttm) 6.64 EPS next Y 9.16 EPS Growth -23.80%
Revenue Growth -6.00% Earnings 2026-05-01 ROA —
ROE 7.16% ROIC — Gross Margin 41.83%
Oper. Margin 9.30% Profit Margin 6.61% Shs Outstand 1.98B
Shs Float 1.84B Short Float 1.07% Short Ratio 1.70
Short Interest — 52W High 187.90 52W Low 132.04
Beta 0.67 Avg Volume 10.68M Volume 9.12M
Target Price $183.46 Recom Buy Prev Close $185.34
Price $184.22 Change -0.60%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$183.46
Mean price target
2. Current target
$184.22
Latest analyst target
3. DCF / Fair value
$99.60
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$184.22
Low
$165.00
High
$212.00
Mean
$183.46

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-02 main Wells Fargo Overweight → Overweight $204
2026-01-23 main Morgan Stanley Overweight → Overweight $174
2026-01-21 main Barclays Equal-Weight → Equal-Weight $166
2026-01-14 main Jefferies Buy → Buy $189
2026-01-08 main Piper Sandler Overweight → Overweight $174
2026-01-06 down Freedom Capital Markets Hold → Sell $165
2026-01-05 main Citigroup Buy → Buy $179
2026-01-05 main Bernstein Market Perform → Market Perform $172
2025-12-12 main Mizuho Outperform → Outperform $206
2025-12-11 main B of A Securities Buy → Buy $180
2025-12-01 up HSBC Hold → Buy $169
2025-11-14 main Wells Fargo Overweight → Overweight $196
2025-11-13 main Piper Sandler Overweight → Overweight $168
2025-11-13 main Mizuho Outperform → Outperform $204
2025-11-13 main Morgan Stanley Overweight → Overweight $180
2025-11-10 main Piper Sandler Overweight → Overweight $169
2025-11-03 main Morgan Stanley Overweight → Overweight $177
2025-10-17 reit Raymond James Outperform → Outperform $160
2025-10-17 init Wells Fargo — → Overweight $190
2025-10-09 main Scotiabank Sector Perform → Sector Perform $165
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1463 268950.0 — Sale at price 183.83 per share. WALZ ANDREW BENJAMIN Officer — 2026-02-18 00:00:00 D
1 2408 441327.0 — Sale at price 183.28 per share. KNOWLES ALANA K. Officer — 2026-02-18 00:00:00 D
2 12198 2246989.0 — Sale at price 182.37 - 184.54 per share. BOOTH THOMAS RYDER Chief Technology Officer — 2026-02-13 00:00:00 D
3 666 122144.0 — Sale at price 183.40 per share. WALZ ANDREW BENJAMIN Officer — 2026-02-12 00:00:00 D
4 10600 1169922.0 — Conversion of Exercise of derivative security at price 110.37 per share. BOOTH THOMAS RYDER Chief Technology Officer — 2026-02-12 00:00:00 D
5 5 924.0 — Sale at price 184.77 per share. BOOTH THOMAS RYDER Chief Technology Officer — 2026-02-11 00:00:00 I
6 1898 nan — — GUSTAVSON JEFF B. Officer — 2026-02-10 00:00:00 D
7 1462 nan — — BOOTH THOMAS RYDER Chief Technology Officer — 2026-02-10 00:00:00 D
8 2209 nan — — WALZ ANDREW BENJAMIN Officer — 2026-02-10 00:00:00 D
9 3638 nan — — NEFF ROBERT CLAY JR Officer — 2026-02-10 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.350.280.280.28
NormalizedEBITDA44.73B45.04B65.48B39.36B
NetIncomeFromContinuingOperationNetMinorityInterest17.66B21.37B35.47B15.62B
ReconciledDepreciation16.62B14.99B15.29B17.01B
ReconciledCostOfRevenue136.49B136.52B161.74B110.17B
EBITDA44.73B45.04B65.48B39.36B
EBIT28.10B30.05B50.19B22.35B
NetInterestIncome-594.00M-469.00M-516.00M-712.00M
InterestExpense594.00M469.00M516.00M712.00M
NormalizedIncome17.66B21.37B35.47B15.62B
NetIncomeFromContinuingAndDiscontinuedOperation17.66B21.37B35.47B15.62B
TotalExpenses174.50B170.68B195.77B139.43B
DilutedAverageShares1.86B1.82B1.88B1.94B
BasicAverageShares1.85B1.81B1.87B1.93B
DilutedEPS6.639.7211.3618.28
BasicEPS6.659.7611.4118.36
DilutedNIAvailtoComStockholders17.66B21.37B35.47B15.62B
NetIncomeCommonStockholders17.66B21.37B35.47B15.62B
NetIncome17.66B21.37B35.47B15.62B
MinorityInterests-88.00M-42.00M-143.00M-64.00M
NetIncomeIncludingNoncontrollingInterests17.75B21.41B35.61B15.69B
NetIncomeContinuousOperations17.75B21.41B35.61B15.69B
TaxProvision9.76B8.17B14.07B5.95B
PretaxIncome27.51B29.58B49.67B21.64B
OtherIncomeExpense9.18B3.82B10.24B6.17B
OtherNonOperatingIncomeExpenses4.59B-1.31B1.66B514.00M
EarningsFromEquityInterest4.60B5.13B8.59B5.66B
NetNonOperatingInterestIncomeExpense-594.00M-469.00M-516.00M-712.00M
InterestExpenseNonOperating594.00M469.00M516.00M712.00M
OperatingIncome18.92B26.23B39.95B16.18B
OperatingExpense38.01B34.16B34.03B29.25B
OtherOperatingExpenses28.46B25.80B25.69B21.27B
OtherTaxes4.72B4.22B4.03B3.96B
SellingGeneralAndAdministration4.83B4.14B4.31B4.01B
GrossProfit56.93B60.39B73.98B45.43B
CostOfRevenue136.49B136.52B161.74B110.17B
TotalRevenue193.41B196.91B235.72B155.61B
OperatingRevenue193.41B196.91B235.72B155.61B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber673.66M591.20M541.63M527.04M
OrdinarySharesNumber1.77B1.85B1.90B1.92B
ShareIssued2.44B2.44B2.44B2.44B
NetDebt17.16B12.02B5.21B25.23B
TotalDebt24.54B20.84B23.34B31.37B
TangibleBookValue147.74B156.24B154.56B134.68B
InvestedCapital176.25B181.16B182.17B169.94B
WorkingCapital2.35B8.87B16.14B6.95B
NetTangibleAssets147.74B156.24B154.56B134.68B
CapitalLeaseObligations604.00M634.00M448.00M497.00M
CommonStockEquity152.32B160.96B159.28B139.07B
TotalCapitalization171.91B180.69B180.25B169.73B
TotalEquityGrossMinorityInterest153.16B161.93B160.24B139.94B
MinorityInterest839.00M972.00M960.00M873.00M
StockholdersEquity152.32B160.96B159.28B139.07B
GainsLossesNotAffectingRetainedEarnings-3.00B-3.20B-3.04B-4.13B
OtherEquityAdjustments-14.00M5.00M-12.00M-3.89B
ForeignCurrencyTranslationAdjustments-259.00M-192.00M-203.00M-162.00M
MinimumPensionLiabilities-2.71B-3.00B-2.81B-3.96B
UnrealizedGainLoss-19.00M-11.00M-12.00M-11.00M
TreasuryStock74.04B59.06B48.20B41.46B
RetainedEarnings205.85B200.03B190.02B165.55B
AdditionalPaidInCapital21.67B21.36B18.66B17.28B
CapitalStock1.83B1.83B1.83B1.83B
CommonStock1.83B1.83B1.83B1.83B
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest103.78B99.70B97.47B99.59B
TotalNonCurrentLiabilitiesNetMinorityInterest65.22B67.44B63.26B72.80B
OtherNonCurrentLiabilities22.09B24.23B20.40B20.78B
EmployeeBenefits3.86B4.08B4.36B6.25B
NonCurrentDeferredLiabilities19.14B18.83B17.13B14.66B
NonCurrentDeferredRevenue20.40B20.78B
NonCurrentDeferredTaxesLiabilities19.14B18.83B17.13B14.66B
LongTermDebtAndCapitalLeaseObligation20.14B20.31B21.38B31.11B
LongTermCapitalLeaseObligation546.00M574.00M403.00M449.00M
LongTermDebt19.59B19.73B20.97B30.66B
CurrentLiabilities38.56B32.26B34.21B26.79B
CurrentDebtAndCapitalLeaseObligation4.41B529.00M1.96B256.00M
CurrentCapitalLeaseObligation58.00M60.00M45.00M48.00M
CurrentDebt4.35B469.00M1.92B208.00M
OtherCurrentBorrowings4.35B469.00M1.92B208.00M
PayablesAndAccruedExpenses34.15B31.73B32.24B26.54B
CurrentAccruedExpenses8.49B7.66B7.49B6.97B
Payables25.67B24.07B24.76B19.56B
TotalTaxPayable3.59B3.65B5.80B3.11B
IncomeTaxPayable1.87B1.86B4.38B1.70B
AccountsPayable22.08B20.42B18.95B16.45B
TotalAssets256.94B261.63B257.71B239.53B
TotalNonCurrentAssets216.03B220.50B207.37B205.80B
OtherNonCurrentAssets15.34B14.41B12.75B13.15B
NonCurrentDeferredAssets12.31B12.38B
NonCurrentAccountsReceivable877.00M942.00M1.07B603.00M
InvestmentsAndAdvances47.44B46.81B45.24B40.70B
GoodwillAndOtherIntangibleAssets4.58B4.72B4.72B4.38B
Goodwill4.58B4.72B4.72B4.38B
NetPPE147.80B153.62B143.59B146.96B
AccumulatedDepreciation-198.13B-192.46B-184.19B-189.08B
GrossPPE345.93B346.08B327.79B336.05B
CurrentAssets40.91B41.13B50.34B33.74B
OtherCurrentAssets4.37B4.37B3.74B2.85B
PrepaidAssets3.74B2.85B
Inventory9.07B8.61B8.25B6.79B
FinishedGoods6.99B6.46B6.38B4.81B
RawMaterials2.08B2.15B1.87B1.98B
Receivables20.68B19.92B20.46B18.42B
AccountsReceivable20.68B19.92B20.46B18.42B
AllowanceForDoubtfulAccountsReceivable-259.00M-301.00M-457.00M-303.00M
GrossAccountsReceivable20.94B20.22B20.91B18.72B
CashCashEquivalentsAndShortTermInvestments6.79B8.22B17.90B5.67B
OtherShortTermInvestments4.00M45.00M223.00M35.00M
CashAndCashEquivalents6.78B8.18B17.68B5.64B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow15.04B19.78B37.63B21.13B
RepurchaseOfCapitalStock-15.23B-14.94B-11.26B-1.38B
RepaymentOfDebt-2.62B-4.34B-8.74B-17.38B
IssuanceOfDebt6.19B285.00M263.00M4.45B
CapitalExpenditure-16.45B-15.83B-11.97B-8.06B
InterestPaidSupplementalData587.00M465.00M525.00M699.00M
IncomeTaxPaidSupplementalData8.46B10.42B9.15B4.36B
EndCashPosition8.26B9.28B19.12B6.79B
BeginningCashPosition9.28B19.12B6.79B6.74B
EffectOfExchangeRateChanges-97.00M-114.00M-190.00M-151.00M
ChangesInCash-916.00M-9.73B12.52B209.00M
FinancingCashFlow-23.47B-30.11B-24.98B-23.11B
CashFlowFromContinuingFinancingActivities-23.47B-30.11B-24.98B-23.11B
NetOtherFinancingCharges-340.00M-40.00M-114.00M-36.00M
ProceedsFromStockOptionExercised330.00M261.00M5.84B1.42B
CashDividendsPaid-11.80B-11.34B-10.97B-10.18B
CommonStockDividendPaid-11.80B-11.34B-10.97B-10.18B
NetCommonStockIssuance-15.23B-14.94B-11.26B-1.38B
CommonStockPayments-15.23B-14.94B-11.26B-1.38B
NetIssuancePaymentsOfDebt3.57B-4.05B-8.48B-12.94B
NetShortTermDebtIssuance4.87B135.00M263.00M-5.57B
ShortTermDebtPayments-840.00M0.000.00-10.02B
ShortTermDebtIssuance5.71B135.00M263.00M4.45B
NetLongTermDebtIssuance-1.30B-4.19B-8.74B-7.36B
LongTermDebtPayments-1.78B-4.34B-8.74B-7.36B
LongTermDebtIssuance478.00M150.00M0.000.00
InvestingCashFlow-8.94B-15.23B-12.11B-5.87B
CashFlowFromContinuingInvestingActivities-8.94B-15.23B-12.11B-5.87B
NetOtherInvestingChanges7.28B144.00M1.41B1.75B
NetInvestmentPurchaseAndSale41.00M175.00M117.00M-1.00M
SaleOfInvestment47.00M464.00M124.00M3.00M
PurchaseOfInvestment-6.00M-289.00M-7.00M-4.00M
NetBusinessPurchaseAndSale195.00M278.00M-1.66B439.00M
SaleOfBusiness195.00M278.00M1.20B439.00M
PurchaseOfBusiness0.00-2.86B0.00
CapitalExpenditureReported-16.45B-15.83B-11.97B-8.06B
OperatingCashFlow31.49B35.61B49.60B29.19B
CashFlowFromContinuingOperatingActivities31.49B35.61B49.60B29.19B
DividendReceivedCFO4.23B4.25B3.85B3.66B
ChangeInWorkingCapital100.00M-3.33B2.07B-1.66B
ChangeInOtherWorkingCapital-1.23B-300.00M-212.00M-320.00M
ChangeInPayablesAndAccruedExpense2.73B-2.85B5.60B6.70B
ChangeInPayable2.73B-2.85B5.60B6.70B
ChangeInAccountPayable2.57B-49.00M2.75B5.47B
ChangeInTaxPayable164.00M-2.80B2.85B1.22B
ChangeInIncomeTaxPayable164.00M-2.80B2.85B1.22B
ChangeInPrepaidAssets-16.00M-1.20B-226.00M19.00M
ChangeInInventory-574.00M-320.00M-930.00M-530.00M
ChangeInReceivables-818.00M1.34B-2.16B-7.53B
ChangesInAccountReceivables-932.00M1.19B-2.32B-7.55B
OtherNonCashItems-3.73B373.00M-1.30B-964.00M
AssetImpairmentCharge500.00M2.18B950.00M414.00M
DeferredTax1.24B298.00M2.12B700.00M
DeferredIncomeTax1.24B298.00M2.12B700.00M
DepreciationAmortizationDepletion16.62B14.99B15.29B17.01B
Depletion429.00M436.00M486.00M118.00M
DepreciationAndAmortization16.20B14.55B14.81B16.89B
Depreciation16.20B14.55B14.81B16.89B
OperatingGainsLosses-5.22B-4.55B-9.00B-5.66B
EarningsLossesFromEquityInvestments-4.60B-5.13B-8.59B-5.66B
GainLossOnInvestmentSecurities3.85B3.66B
NetForeignCurrencyExchangeGainLoss-629.00M578.00M-412.00M-7.00M
NetIncomeFromContinuingOperations17.75B21.41B35.61B15.69B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CVX
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