Chevron (CVX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Chevron

NYSE•Energy•Oil & Gas Integrated

$211.57+0.03(<0.01%)After hours

Market Cap

$416.71B

P/E

20.2x

P/S

1.9x

P/B

2.2x

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.

How this company scores

ExcellentMetricSide Score: 80/100

Strongest: Cash & Earnings Quality (24/25); weakest: Growth (17/25).

Profitability21/25

Growth17/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowRising earningsLow leverageInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.2x5y range 8.2x – 37.9x

Currently above its 20-quarter median.

P/S · 1.9x5y range 1.2x – 2.2x

Currently above its 20-quarter median.

P/B · 2.2x5y range 1.5x – 2.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Leverage Risk

Watch

Debt-to-equity has risen 21.5% recently — increasing financial risk even if the current ratio is manageable.

Revenue Decline

Watch

Revenue has softened, declining in 4 quarters. Watch for further erosion.

Price & Volume

Market Cap $416.71B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $215.26B
Q. Revenue: $70.06B
TTM EBITDA: $52.16B
TTM Op. Income: $28.61B
Q. Op. Income: $15.95B
TTM Net Income: $20.59B
Q. Net Income: $12.07B
EPS: $6.13
Shares Out.: $1.97B

$215.26B in TTM revenue grew 10.2% YoY, reaching $70.06B last quarter. TTM EBITDA of $52.16B and TTM operating income of $28.61B show growth is flowing through to the bottom line. TTM net income of $20.59B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 47.7%
EBITDA Margin: 31.5%
Op. Margin: 22.8%
Net Margin: 17.2%

Op. margin of 22.8% is up 13.3% YoY — cost efficiency is improving. Net margin at 17.2% and gross margin of 47.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 141% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.2x
P/S Ratio: 1.9x
P/B Ratio: 2.2x

At 20.2x P/E, the stock trades within typical market levels. P/S of 1.9x and P/B of 2.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 13% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $330.13B
Cash: $8.53B
Long-Term Debt: $36.67B
Book Value: $189.88B
D/E Ratio: 0.2
Debt/EBITDA: 1.7

With $330.13B in assets and $36.67B in long-term debt, D/E is 0.2and book value is $189.88B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 21% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.63B
TTM Free Cash Flow: $27.01B
FCF Margin: 12.5%
FCF / Net Income: 1.3

TTM FCF of $27.01B on $22.63B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 68% — an improving trend.