Financials Chevron Corporation

Equities

CVX

US1667641005

Oil & Gas Exploration and Production

Market Closed - Nyse 16:03:27 2024-06-14 EDT 5-day change 1st Jan Change
152.6 USD -0.18% Intraday chart for Chevron Corporation -2.25% +2.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 227,869 162,594 226,214 347,069 280,726 281,181 - -
Enterprise Value (EV) 1 249,119 201,282 251,908 352,507 293,339 302,665 305,926 307,193
P/E ratio 78.3 x -28.5 x 14.4 x 9.82 x 13.1 x 12 x 10.8 x 11 x
Yield 3.95% 6.11% 4.52% 3.16% 4.05% 4.28% 4.5% 4.73%
Capitalization / Revenue 1.56 x 1.72 x 1.39 x 1.41 x 1.4 x 1.4 x 1.41 x 1.43 x
EV / Revenue 1.7 x 2.13 x 1.55 x 1.43 x 1.46 x 1.51 x 1.54 x 1.56 x
EV / EBITDA 6.86 x 14.1 x 6.17 x 5.22 x 6.07 x 5.75 x 4.78 x 4.86 x
EV / FCF 18.9 x 118 x 11.2 x 9.93 x 14.8 x 13.2 x 11.2 x 13.8 x
FCF Yield 5.3% 0.84% 8.93% 10.1% 6.75% 7.59% 8.94% 7.23%
Price to Book 1.58 x 1.2 x 1.62 x 2.18 x 1.74 x 1.69 x 1.64 x 1.6 x
Nbr of stocks (in thousands) 1,890,872 1,925,323 1,927,686 1,933,639 1,882,048 1,842,966 - -
Reference price 2 120.5 84.45 117.4 179.5 149.2 152.6 152.6 152.6
Announcement Date 1/31/20 1/29/21 1/28/22 1/27/23 2/2/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 146,516 94,692 162,465 246,252 200,949 200,164 199,298 196,459
EBITDA 1 36,322 14,289 40,825 67,483 48,293 52,630 64,054 63,206
EBIT 1 6,334 -6,756 22,351 50,190 30,053 34,030 37,943 37,907
Operating Margin 4.32% -7.13% 13.76% 20.38% 14.96% 17% 19.04% 19.3%
Earnings before Tax (EBT) 1 5,536 -7,453 21,639 49,674 29,584 31,892 32,417 31,760
Net income 1 2,924 -5,543 15,625 35,465 21,369 23,962 26,656 24,131
Net margin 2% -5.85% 9.62% 14.4% 10.63% 11.97% 13.37% 12.28%
EPS 2 1.540 -2.960 8.140 18.28 11.36 12.69 14.14 13.84
Free Cash Flow 1 13,200 1,700 22,500 35,500 19,800 22,968 27,351 22,217
FCF margin 9.01% 1.8% 13.85% 14.42% 9.85% 11.47% 13.72% 11.31%
FCF Conversion (EBITDA) 36.34% 11.9% 55.11% 52.61% 41% 43.64% 42.7% 35.15%
FCF Conversion (Net income) 451.44% - 144% 100.1% 92.66% 95.85% 102.61% 92.07%
Dividend per Share 2 4.760 5.160 5.310 5.680 6.040 6.524 6.868 7.212
Announcement Date 1/31/20 1/29/21 1/28/22 1/27/23 2/2/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 48,129 54,373 68,762 66,644 56,473 50,793 48,896 54,080 47,180 48,716 52,563 50,732 49,791 49,112 52,128
EBITDA 1 12,145 13,053 20,028 19,254 15,148 13,350 11,647 13,178 10,118 12,260 13,084 13,534 13,854 - -
EBIT 1 7,140 9,190 16,132 14,937 9,931 9,634 7,957 8,852 3,610 8,040 9,765 8,605 8,657 - -
Operating Margin 14.84% 16.9% 23.46% 22.41% 17.59% 18.97% 16.27% 16.37% 7.65% 16.5% 18.58% 16.96% 17.39% - -
Earnings before Tax (EBT) 1 6,985 9,054 16,003 14,809 9,808 9,519 7,837 8,738 3,490 7,922 8,309 8,890 8,708 7,134 7,508
Net income 1 5,055 6,259 11,622 11,231 6,353 6,574 6,010 6,526 2,259 5,501 6,077 6,118 5,971 5,175 6,411
Net margin 10.5% 11.51% 16.9% 16.85% 11.25% 12.94% 12.29% 12.07% 4.79% 11.29% 11.56% 12.06% 11.99% 10.54% 12.3%
EPS 2 2.630 3.220 5.950 5.780 3.330 3.460 3.200 3.480 1.220 2.970 3.309 3.309 3.291 3.015 3.455
Dividend per Share 2 1.340 1.420 1.420 1.420 1.420 1.510 1.510 1.510 1.510 - 1.630 1.630 1.634 1.709 1.726
Announcement Date 1/28/22 4/29/22 7/29/22 10/28/22 1/27/23 4/28/23 7/23/23 10/27/23 2/2/24 4/26/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 21,250 38,688 25,694 5,438 12,613 21,484 24,745 26,011
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.585 x 2.708 x 0.6294 x 0.0806 x 0.2612 x 0.4082 x 0.3863 x 0.4115 x
Free Cash Flow 1 13,200 1,700 22,500 35,500 19,800 22,968 27,351 22,217
ROE (net income / shareholders' equity) 7.96% -0.27% 11.5% 23.8% 15.4% 13.9% 15.1% 14.9%
ROA (Net income/ Total Assets) 4.84% -0.15% 6.52% 14.3% 9.51% 8.98% 9.81% 10.6%
Assets 1 60,419 3,593,983 239,662 248,622 224,714 266,943 271,612 227,650
Book Value Per Share 2 76.10 70.40 72.40 82.50 85.90 90.50 93.10 95.20
Cash Flow per Share 2 13.60 6.520 15.90 24.50 20.60 21.50 24.30 25.20
Capex 1 14,100 8,900 8,100 12,000 15,800 16,504 19,026 18,239
Capex / Sales 9.62% 9.4% 4.99% 4.87% 7.86% 8.25% 9.55% 9.28%
Announcement Date 1/31/20 1/29/21 1/28/22 1/27/23 2/2/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
152.6 USD
Average target price
184.1 USD
Spread / Average Target
+20.65%
Consensus
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  4. Financials Chevron Corporation