Chevron is a large integrated oil and gas company. It drills for and produces crude oil, natural gas, and natural gas liquids across six continents, then refines a portion of that output into fuels and petrochemical feedstocks at facilities in the US and Asia. It sells refined products to commercial and retail customers and sells crude oil and natural gas to industrial buyers and utilities. Revenue comes from upstream production, downstream refining and marketing, and some chemicals. Daily production runs about 3 million barrels of oil equivalent, with 1.8 million barrels per day of refining capacity and roughly 9.8 billion BOE in proven reserves.
Employees43,039IPOJan 2, 1970SIC2911HQ1400 Smith Street, Houston, TX, USA, 77002-7327
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
32.4%
Operating Margin
12.4%
EBITDA Margin
26.8%
Net Margin
9.9%
OCF Margin
21.7%
FCF Margin
12.9%
Returns on Capital
ROE
11.5%
ROA
6.6%
ROIC
6.5%
ROCE
11.7%
ROC (Greenblatt)
15.6%
3Y ROIIC
−23.5%
Consistency
Years Profitable / 10Y
8
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
21.58
Forward P/E
14.14
P/E ex-NRI
20.76
Shiller P/E (CAPE)
26.85
Cash Flow Multiples
P/FCF
16.42
P/OCF
9.81
P/Owner Earnings
14.30
FCF Yield
6.12%
Enterprise Value Multiples
EV / EBIT
14.97
EV / Forward EBIT
10.90
EV / EBITDA
8.57
EV / Forward EBITDA
7.21
EV / Revenue
2.30
EV / Forward Revenue
2.07
Asset / Sales
P/S
2.14
P/B
2.33
P/Tangible Book
2.38
Growth-Adjusted
PEG
0.89
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
3.10%
Forward Dividend Yield
3.16%
3Y Dividend Growth
6.4%
Payout Ratio
0.64
5Y Yield on Cost
4.69%
Buybacks & Dilution
3Y Buyback Ratio
−1.40%
5Y Share Change
−3.3%
Combined
Shareholder Yield
2.51%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.20
Gross Debt / EBITDA
0.66
Cash / Debt
0.23
Equity / Assets
0.58
Coverage
Interest Coverage
18.08
Short-Term Liquidity
Current Ratio
1.25
Quick Ratio
0.98
Cash Ratio
0.22
Composite Scores
Piotroski F-Score
7
Altman Z-Score
3.62
Split History
Date
Split
2004-09-13
2:1
1994-06-13
2:1
Ex-date
Amount
Pay date
2026-08-19
$1.78
2026-09-10
2026-05-19
$1.78
2026-06-10
2026-02-17
$1.78
2026-03-10
2025-11-18
$1.71
2025-12-10
2025-08-19
$1.71
2025-09-10
2025-05-19
$1.71
2025-06-10
2025-02-14
$1.71
2025-03-10
2024-11-18
$1.63
2024-12-10
2024-08-19
$1.63
2024-09-10
2024-05-16
$1.63
2024-06-10
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View allDate
Transcript
Type
2026-07-31
Q2 2026 Chevron Corp Earnings Call Transcript
Earnings Call
2026-05-28
Chevron Corp at Bernstein Strategic Decisions Conference Transcript
Conference Presentations
2026-05-01
Q1 2026 Chevron Corp Earnings Call Transcript
Earnings Call
2026-01-30
Q4 2025 Chevron Corp Earnings Call Transcript
Earnings Call
2025-10-31
Q3 2025 Chevron Corp Earnings Call Transcript
Earnings Call
2025-08-01
Q2 2025 Chevron Corp Earnings Call Transcript
Earnings Call
2025-05-02
Q1 2025 Chevron Corp Earnings Call Transcript
Earnings Call
2025-01-31
Q4 2024 Chevron Corp Earnings Call Transcript
Earnings Call
2024-11-01
Q3 2024 Chevron Corp Earnings Call Transcript
Earnings Call
2024-08-02
Q2 2024 Chevron Corp Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
12.25%
×
×
Net Margin %
9.87%
×
×
Operating Margin %
12.37%
Operating Income
$25.82B
÷
Revenue
$208.71B
×
Tax Burden
0.6720
Net Income
$20.59B
÷
Pretax Income
$30.64B
×
Interest Burden
1.1869
Pretax Income
$30.64B
÷
Operating Income
$25.82B
×
Asset Turnover
0.72
÷
Revenue
$208.71B
÷
Average Total Assets
$290.48B
Begin Total Assets
$250.82B
End Total Assets
$330.13B
×
Equity Multiplier
1.73
÷
Avg Total Assets
$290.48B
÷
Avg Stockholders Equity
$168.15B
Begin Equity
$146.42B
End Equity
$189.88B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 154.8M | 7.81% | +10.1M | $25.66B |
| STATE STREET CORP | 148.4M | 7.49% | -4.7M | $24.61B |
| VANGUARD CAPITAL MANAGEMENT LLC | 122.9M | 6.20% | +415.4K | $20.37B |
| Berkshire Hathaway Inc | 84.4M | 4.26% | 0 | $13.99B |
| GEODE CAPITAL MANAGEMENT, LLC | 44.5M | 2.25% | +858.7K | $7.35B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 42.5M | 2.14% | +163.2K | $7.04B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 37.7M | 1.90% | +1.6M | $6.25B |
| MORGAN STANLEY | 36.1M | 1.82% | -796.0K | $5.98B |
| BANK OF AMERICA CORP /DE/ | 27.2M | 1.37% | -424.8K | $4.51B |
| NORGES BANK | 23.0M | 1.16% | new | $3.81B |
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View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| HERNANDEZ ENRIQUE JRDirector | 34.9K | 0.0018% | $7.84M |
| MORRIS RHONDA JOfficer | 30.6K | 0.0015% | $6.90M |
| GAST ALICE PDirector | 29.1K | 0.0015% | $6.55M |
| Frank JohnDirector | 23.0K | 0.0012% | $5.17M |
| REED DEBRA LDirector | 22.0K | 0.0011% | $4.95M |
| HEWSON MARILLYN ADirector | 15.1K | 0.0008% | $3.39M |
| Moyo Dambisa FDirector | 14.5K | 0.0007% | $3.26M |
| HESS JOHN BDirector | — | — | — |
| MOORMAN CHARLES WDirector | — | — | — |
| Wirth Michael KOfficer | — | — | — |
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View allRecent insider activity
through Aug 18, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Pate R. HewittOfficer | Open-Market or Private Sale | -2.5K | $506.6K | Aug 18, 2026 |
| Moyo Dambisa FDirector | Gift | -350 | $0 | Aug 17, 2026 |
| Walz Andrew BenjaminOfficer | Option Exercise (Rule 16b-3 Exempt) | +4.1K | $361.6K | Aug 17, 2026 |
| Walz Andrew BenjaminOfficer | Option Exercise (Rule 16b-3 Exempt) | +12.7K | $1.69M | Aug 17, 2026 |
| Walz Andrew BenjaminOfficer | Open-Market or Private Sale | -16.8K | $3.38M | Aug 17, 2026 |
| Wirth Michael KOfficer | Option Exercise (Rule 16b-3 Exempt) | +317.1K | $27.97M | Aug 14, 2026 |
| Wirth Michael KOfficer | Open-Market or Private Sale | -306.8K | $61.49M | Aug 14, 2026 |
| Wirth Michael KOfficer | Open-Market or Private Sale | -10.3K | $2.07M | Aug 14, 2026 |
| GUSTAVSON JEFF BOfficer | Option Exercise (Rule 16b-3 Exempt) | +4.8K | $568.6K | Aug 11, 2026 |
| GUSTAVSON JEFF BOfficer | Option Exercise (Rule 16b-3 Exempt) | +4.6K | $580.7K | Aug 11, 2026 |
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View all