# Chevron Corporation (CVX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Energy / Oil, Gas & Consumable Fuels. Price $208.60, market value $409.2 billion.

## Valuation
- **P/E (trailing): 20.1×** (5-yr avg 13.8×, 3-yr avg 16.1×). Chevron Corporation trades at 20.1× trailing earnings, well above its own five-year average of 13.8×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 15.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 6.6%** (5-yr avg 8.7%). Free cash flow equals 6.6% of the market value, below its five-year average of 8.7%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 5.0%**. The inverse of the P/E: 5.0% of the price is earned each year.

## Profitability
- **Net margin: 6.7%**. 6.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.6%**. 6.6% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 6.4%**. Each dollar of assets produces 6.4% of profit.

## Growth
- **Revenue growth (1 yr): -4.6%** (3-yr -7.9%/yr, 5-yr 14.3%/yr). Revenue fell 4.6% over the last year, against 14.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -31.8%** (3-yr -28.7%/yr). Earnings per share fell 31.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -23.9%/yr**. Free cash flow has compounded at -23.9% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.06**. Debt is 0.06 times equity: a conservative balance sheet.
- **Current ratio: 1.15** (quick 1.15). Current assets cover the next year's liabilities 1.15 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.41%** ($6.98 per share, trailing). Chevron Corporation yields 3.41%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 104%** (51% of free cash flow). The dividend exceeds earnings (104% payout), though free cash flow still covers it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 5.8%/yr** (1-yr 4.9%). The dividend has grown 5.8% a year over five years.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Chevron Corporation; the consensus is buy, with an average price target of $218.29 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 36.3%** (YTD 39.5%, 3-mo 11.4%). The shares are up 36.3% over twelve months including dividends.
- **From 52-week high: -2.8%** (42.4% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 64**. An RSI of 64 is neutral.
- **Beta (1 yr): -0.46** (volatility 24%). Beta of -0.46 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CVX · Page: https://foliofundamentals.com/stocks/cvx

Not investment advice.