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Stocks/Energy/Integrated Oil & Gas

ChevronCVX

Integrated Oil & Gas · Houston, Texas · In the S&P 500
Solid business
$235.52+1.75%After hours: $235.54 (+0.01%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 51.9% over 1 year
Chevron over 1 yearDaily close, $, to 30 Oct 2026
$150$175$200$225Nov2026MarMayJulSep$235.52$150$200NovMarJul$235.52
Source: Nasdaq daily closes
Market value$465B
Price to earnings17.2x
Forward P/E12.5x
Dividend yield3.02%
Year to date+54.5%
One year+51.9%
Next earningsNot scheduled
SectorEnergy
52-week range (closes)
$146.75$235.52

Quality and valuation

How Chevron compares with other energy stocks. A description, not a recommendation.

Chevron and 5 integrated oil & gas peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among energy companies, priced about in line with them.

Chevron trades at 12.5 times the next 12 months of expected earnings, against a median of 12.8x for the 25 energy stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +10.2% vs +13.3%
  • Keeps more of each sale (gross margin): 45.4% vs 25.2%
  • Turns more of its sales into cash: 12.5% vs 9.8%
  • Keeps less of its revenue as profit (net margin): 9.6% vs 10.1%
CVX trades at 12.5x forward earnings, below the sector medianForward p/e, Integrated Oil & Gas peers
VLO5.9xMPC6.2xBP6.9xPSX7.1xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xSector median 12.8xVLO5.9xMPC6.2xBP6.9xPSX7.1xSHEL9.3xCVX12.5xXOM12.8xCOP13.3xSector median 12.8x
Source: CNBC quotes; Mostly Markets
At 22.6x earnings, CVX is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
20x30xAverage 20.7x2025202622.6x20x30xAverage 20.7x2025202622.6x
Source: Nasdaq prices; SEC filings

Financials

From Chevron's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 56.3% from a year earlierQuarterly revenue, $bn, latest Q2 ’26
$0bn$20bn$40bn$60bnQ3 ’24Q1 ’25Q3 ’25$70.1bnQ2 ’26$0bn$25bn$50bnQ3 ’24Q1 ’25Q3 ’25$70.1bnQ2 ’26
Source: SEC filings
Growth sped up to +56.3% last quarterRevenue growth, year on year, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2556.3%Q2 ’260%25%50%Q3 ’24Q1 ’25Q3 ’2556.3%Q2 ’26
Source: SEC filings
Free cash flow was $27.0 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $bn
$0bn$5bn$10bn$15bnQ3 ’24Q1 ’25Q3 ’25$18.1bnQ2 ’26$0bn$10bnQ3 ’24Q1 ’25Q3 ’25$18.1bnQ2 ’26
Source: SEC filings
Diluted EPS was $6.11 last quarterQuarterly diluted earnings per share, $
$0$2$4$6Q3 ’24Q1 ’25Q3 ’25$6.11Q2 ’26$0$2$5Q3 ’24Q1 ’25Q3 ’25$6.11Q2 ’26
Source: SEC filings
Last 12 monthsCVXSector median
Revenue growth+10.2%+13.3%
Gross margin45.4%25.2%
Free cash flow margin12.5%9.8%
Price to earnings17.2x17.2x

Stories on Chevron

Friday, 30 October
Earnings

Chevron (CVX) Tops Q3 Estimates as Refining Profit Jumps

Chevron earned $5.28 a share on an adjusted basis, beating the $4.89 expected, as refining profit rose more than fourfold. The stock was up 1.8% early Friday.

CVX▲ 1.8%
An oil refinery tower at dusk with a tall golden flame
Thursday, 29 October
Earnings preview

Chevron (CVX) Reports Earnings Tomorrow: What to Watch

Chevron reports before the open on Friday. Analysts expect adjusted EPS of $4.78, up from $1.85 a year ago, after a second quarter that beat estimates by 50 cents a share.

CVX▲ 1.0%
A refinery at night
Earnings preview

Exxon Mobil (XOM) Reports Earnings Tomorrow: What to Watch

Exxon reports before the open on Friday. Analysts expect adjusted EPS of $3.90, double a year ago, and the company has flagged a $4.5 billion lift from refining.

XOM▲ 0.7%
A refinery at night

Similar companies

Integrated Oil & Gas, by market value.

CompanyPriceTodayYTDValue
XOMExxon Mobil$187.25+2.16%+55.6%$770B
SHELShell$108.69+0.95%+47.9%$310B
COPConocoPhillips$154.03+2.67%+64.5%$185B
BPBP$50.39+0.08%+45.1%$132B
MPCMarathon Petroleum$444.73+2.83%+173.5%$125B
VLOValero Energy$399.66+3.92%+145.5%$111B
PSXPhillips 66$282.83+3.37%+119.2%$110B
WMBWilliams Companies$74.35−0.71%+23.7%$90.94B