Chevron Corp

  • Earnings Score
  • Moat Score
  • Safety Score
  • Market Cap $283.01B
  • PE 17
  • Debt $25.84B
  • Cash $5.76B
  • EV $303.09B
  • FCF $18.76B

Earnings

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Sales & Net Margins

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Earnings$16.68B
EBIT$25.45B
ROE11%
ROA10%
FCF$18.76B
Equity$157.03B
Growth Stability-62%
PE16.97
PEG0.33
PB1.8
P/FCF15.09
P/S1.43
Price/Cash0.02
Debt/Equity0.16
Debt/FCF1.38
Net Margins10%
Gross Margins41%
Op. Margins13%
Earnings CAGR16%
Sales Growth YoY-6%
Sales Growth QoQ-1%
Sales CAGR7%
FCF CAGR19%
Equity CAGR0%
Earnings Stability0.32
Earnings Growth YoY-31%
Earnings Growth QoQ1%
Earnings CAGR 5Y51%
Sales CAGR 5Y17%
FCF CAGR 5Y44%
Equity CAGR 5Y5%
Earnings CAGR 3Y1%
Sales CAGR 3Y1%
FCF CAGR 3Y-16%
Equity CAGR 3Y4%
Market Cap$283.01B
Revenue$197.75B
Dividend Yield4%
Payout Ratio72%
Assets$259.23B
Total Debt$25.84B
Cash$5.76B
Shares Outstanding1.8B
EV303.09B
Earnings Score21%
Moat Score90%
Safety Score65%
Final Score58%
Working Capital2.47B
Current Ratio1.07
Gross Profit$80.21B
Shares Growth 3y-3%
Equity Growth QoQ-2%
Equity Growth YoY-6%

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-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 16%
Stability 32%
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Chevron Corp Discounted Cash Flow

Fully customizable DCF calculator online for Chevron Corp.

= $716B
012345678910TV
fcf$19B$22B$27B$32B$38B$45B$54B$64B$76B$91B$108B$1.1T
DCF$20B$22B$24B$26B$28B$30B$33B$36B$39B$42B$417B
Value$716B

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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins9%3%-0%6%9%2%-6%10%14%11%10%
ROA-2%-1%4%8%3%-3%9%19%11%10%
ROE-3%-0%6%10%2%-4%11%22%13%11%

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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF--4.63-10.466.862.642.7832.711.850.731.281.38
Debt over Equity0.230.30.380.330.290.250.410.280.170.160.16
Growth Stability---100%100%36%-62%100%100%100%-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.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth--35%-17%24%17%-12%-35%72%52%-18%17%
Earnings YoY growth--76%-111%-2K%61%-81%-295%-381%127%-40%51%
Equity YoY growth--1%-5%2%4%-7%-9%5%15%1%5%
FCF YoY growth-156%-48%-235%137%-22%-87%1K%78%-47%44%