Chevron Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $246.20B
  • PE 14
  • Debt $32.79B
  • Cash $8.26B
  • EV $270.73B
  • FCF $15.04B

Earnings

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Sales & Net Margins

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Earnings$17.66B
EBIT$28.10B
ROE12%
ROA11%
FCF$15.04B
Equity$153.16B
Growth Stability-62%
PE13.94
PEG0.4
PB1.61
P/FCF16.37
P/S1.21
Price/Cash0.03
Debt/Equity0.21
Debt/FCF2.18
Net Margins9%
Gross Margins41%
Op. Margins14%
Earnings CAGR13%
Sales Growth YoY11%
Sales Growth QoQ3%
Sales CAGR7%
FCF CAGR19%
Equity CAGR0%
Earnings Stability0.26
Earnings Growth YoY43%
Earnings Growth QoQ-28%
Earnings CAGR 5Y35%
Sales CAGR 5Y18%
FCF CAGR 5Y44%
Equity CAGR 5Y5%
Earnings CAGR 3Y-4%
Sales CAGR 3Y-4%
FCF CAGR 3Y-25%
Equity CAGR 3Y1%
Market Cap$246.20B
Revenue$202.79B
Dividend Yield5%
Payout Ratio68%
Assets$256.94B
Total Debt$32.79B
Cash$8.26B
Shares Outstanding1.81B
EV270.73B
Earnings Score14%
Moat Score91%
Safety Score63%
Final Score56%
Working Capital2.35B
Current Ratio1.06
Gross Profit$83.59B
Shares Growth 3y-3%
Equity Growth QoQ-2%
Equity Growth YoY-5%

Assets & ROA

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Stockholders Equity & ROE

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Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second- largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2021 stood at 11.3 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.

SEC Filings

Direct access to Chevron Corp (CVX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Chevron Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Chevron Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 13%
Stability 26%
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Chevron Corp Discounted Cash Flow

Fully customizable DCF calculator online for Chevron Corp.

= $555B
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fcf$15B$18B$21B$25B$30B$35B$42B$50B$59B$70B$83B$834B
DCF$16B$18B$19B$20B$22B$24B$26B$28B$30B$32B$321B
Value$555B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins3%-0%6%9%2%-6%10%14%11%9%9%
ROA--1%4%8%3%-3%9%19%11%11%11%
ROE--0%6%10%2%-4%11%22%13%12%12%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF--10.466.862.642.7832.711.850.731.282.182.18
Debt over Equity0.30.380.330.290.250.410.280.170.160.210.21
Growth Stability---100%36%-62%100%100%100%73%-62%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--17%24%17%-12%-35%72%52%-18%1%18%
Earnings YoY growth--111%-2K%61%-81%-295%-381%127%-40%-17%35%
Equity YoY growth--5%2%4%-7%-9%5%15%1%-5%5%
FCF YoY growth--48%-235%137%-22%-87%1K%78%-47%-24%44%