Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 375,712 - -
Change - 53.43% -18.52% -7.28% 17.07% 23.3% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 399,540 395,253 389,882
Change - 39.85% -16.18% -5.21% 21.99% 17.79% -1.07% -1.36%
P/E 14.4x 9.82x 13.1x 14.9x 23x 12.8x 14.5x 14.8x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.94x 1.92x 1.93x
PEG - 0x -0.3x -1x -0.7x 0x -1.2x -7.46x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.65x 1.78x 1.82x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.76x 1.87x 1.89x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.79x 6.33x 6.44x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.01x 10.8x 11.2x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.8x 12.2x 12.9x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.28% 8.19% 7.76%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.141 7.442 7.719
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.76% 3.92% 4.06%
EPS 2 8.14 18.28 11.36 9.72 6.63 14.87 13.14 12.87
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 48% 56.7% 60%
Net sales 1 162,465 246,252 200,949 202,792 189,031 227,618 210,868 206,267
EBITDA 1 40,825 67,483 48,293 46,377 42,143 69,055 62,429 60,565
EBIT 1 22,351 50,190 30,053 28,100 20,960 44,341 36,608 34,661
Net income 1 15,625 35,465 21,369 17,661 12,299 29,362 24,696 24,241
Net Debt 1 25,694 5,438 12,613 17,756 34,461 23,828 19,541 14,170
Reference price 2 117.35 179.49 149.16 144.84 152.41 190.00 190.00 190.00
Nbr of stocks (in thousands) 1,913,518 1,919,471 1,882,048 1,797,091 1,999,354 1,977,430 - -
Announcement Date 1/28/22 1/27/23 2/2/24 1/31/25 1/30/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.77x1.76x5.79x3.76% 376B
13.7x3.4x6.48x5.23% 1,712B
8.11x0.63x3.95x6.44% 287B
8.37x0.94x4.08x3.58% 243B
7.87x1.01x4.21x4.83% 188B
5.77x1.71x2.74x8% 146B
3.4x1.51x2.89x12.55% 111B
7.1x0.81x1.98x4.03% 92.83B
Average 8.39x 1.47x 4.01x 6.05% 394.31B
Weighted average by Cap. 11.40x 2.40x 5.42x 5.36%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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