CHEVRON CORP
CVX· NYSE· Petroleum Refining
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 9.0%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +14.3%
We record prices for the companies we cover; CVX is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 1.86B
- Revenue
- $184.4B
- Free cash flow
- $16.6B
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 6.7%
- Free cash flow
- 9.0%
- Owner earnings
- –
- Stock pay
- –
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 6.6%
- ROE, 5 yr avg
- 13.0%
Growth (CAGR)
- Revenue, 3 yr
- -7.9%
- Revenue, 5 yr
- 14.3%
- Revenue, 9 yr
- 5.4%
- Diluted EPS, 3 yr
- -28.7%
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -23.9%
- Free cash flow, 5 yr
- 58.6%
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $7.3B
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 103.7%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -0.2%
Financials: ten years from the 10-Ks
Revenue
$184.4B
+5.4% a year over 9 years
FY2016FY2025
Margins
6.7%
FY2025
FY2016FY2025
Free cash flow and owner earnings
$16.6B
FY2025
FY2016FY2025
Diluted shares
1.86B
-0.9% over 9 years, net buybacks
FY2016FY2025
Net debt (below zero)
–
$20.3B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $114.5B | $141.7B | $158.9B | $139.9B | $94.5B | $155.6B | $235.7B | $196.9B | $193.4B | $184.4B |
| Revenue growth | -17.3% | 23.8% | 12.1% | -12.0% | -32.5% | 64.7% | 51.5% | -16.5% | -1.8% | -4.6% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | -$497.0M | $9.2B | $14.8B | $2.9B | -$5.5B | $15.6B | $35.5B | $21.4B | $17.7B | $12.3B |
| Net margin | -0.4% | 6.5% | 9.3% | 2.1% | -5.9% | 10.0% | 15.0% | 10.9% | 9.1% | 6.7% |
| Diluted EPS | $-0.27 | $4.85 | $7.74 | $1.54 | $-2.96 | $8.14 | $18.28 | $11.36 | $9.72 | $6.63 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $12.7B | $20.3B | $30.6B | $27.3B | $10.6B | $29.2B | $49.6B | $35.6B | $31.5B | $33.9B |
| Capital expenditure | $18.1B | $13.4B | $13.8B | $14.1B | $8.9B | $8.1B | $12.0B | $15.8B | $16.4B | $17.3B |
| Free cash flow | -$5.4B | $6.9B | $16.8B | $13.2B | $1.7B | $21.1B | $37.6B | $19.8B | $15.0B | $16.6B |
| Stock-based compensation | – | – | – | – | – | – | – | – | – | – |
| Owner earnings? | – | – | – | – | – | – | – | – | – | – |
| Free cash flow per share | $-2.89 | $3.65 | $8.79 | $6.96 | $0.89 | $11.01 | $19.40 | $10.52 | $8.28 | $8.94 |
| Capital allocation | ||||||||||
| Dividends paid | $8.0B | $8.1B | $8.5B | $9.0B | $9.7B | $10.2B | $11.0B | $11.3B | $11.8B | $12.8B |
| Share repurchases | $2.0M | $1.0M | $1.8B | $4.0B | $1.8B | $1.4B | $11.3B | $14.9B | $15.2B | $12.1B |
| Diluted shares | 1.87B | 1.90B | 1.91B | 1.90B | 1.87B | 1.92B | 1.94B | 1.88B | 1.82B | 1.86B |
| Share count change? | -0.1% | 1.3% | 0.8% | -1.0% | -1.3% | 2.7% | 1.0% | -3.1% | -3.4% | 2.1% |
| Balance sheet | ||||||||||
| Cash and equivalents | $7.0B | $4.8B | $9.3B | $6.9B | $5.6B | $5.6B | $17.7B | $8.2B | $8.3B | $7.3B |
| Short-term investments | $13.0M | $9.0M | $53.0M | $63.0M | $31.0M | $35.0M | $223.0M | $45.0M | $0 | $0 |
| Total debt | $62.7B | $50.8B | $37.0B | $26.7B | $32.8B | $25.9B | – | – | – | – |
| Net debt | $55.7B | $45.9B | $27.6B | $19.7B | $27.2B | $20.3B | – | – | – | – |
| Shareholders' equity | $145.6B | $148.1B | $154.6B | $144.2B | $131.7B | $139.1B | $159.3B | $161.0B | $152.3B | $186.4B |
Latest filings
| 2026-10-30 | 8-K | Earnings release |
| 2026-08-06 | 10-Q | Quarterly report |
| 2026-07-31 | 8-K | Earnings release |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-05-01 | 8-K | Earnings release |
| 2026-04-09 | 8-K | Earnings release |
| 2026-04-07 | DEF 14A | Proxy statement |
| 2026-02-24 | 10-K | Annual report |
| 2026-01-30 | 8-K | Earnings release |
| 2025-11-06 | 10-Q | Quarterly report |
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