Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 370,926 - -
Change - 53.43% -18.52% -7.28% 17.07% 21.73% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 394,754 390,468 385,096
Change - 39.85% -16.18% -5.21% 21.99% 16.38% -1.09% -1.38%
P/E 14.4x 9.82x 13.1x 14.9x 23x 12.5x 14.3x 14.6x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.91x 1.9x 1.9x
PEG - 0x -0.3x -1x -0.7x 0x -1.1x -9.07x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.65x 1.78x 1.8x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.75x 1.87x 1.87x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.71x 6.27x 6.36x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 8.92x 10.7x 11.1x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.6x 12.1x 12.7x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.39% 8.29% 7.85%
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% 3.81% 3.97% 4.12%
EPS 2 8.14 18.28 11.36 9.72 6.63 14.99 13.09 12.87
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 47.6% 56.9% 60%
Net sales 1 162,465 246,252 200,949 202,792 189,031 225,318 208,615 206,267
EBITDA 1 40,825 67,483 48,293 46,377 42,143 69,085 62,277 60,565
EBIT 1 22,351 50,190 30,053 28,100 20,960 44,262 36,439 34,661
Net income 1 15,625 35,465 21,369 17,661 12,299 29,573 24,608 24,241
Net Debt 1 25,694 5,438 12,613 17,756 34,461 23,828 19,541 14,170
Reference price 2 117.35 179.49 149.16 144.84 152.41 187.58 187.58 187.58
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.($)
12.51x1.75x5.71x3.81% 371B
13.57x3.36x6.42x5.28% 1,695B
8.16x0.65x3.97x6.41% 292B
8.26x0.93x4.04x3.63% 239B
7.82x1.01x4.19x4.86% 187B
5.72x1.69x2.7x8.08% 144B
3.36x1.52x2.88x12.49% 111B
7.08x0.81x1.97x4.04% 92.56B
9.11x0.78x3.88x4.98% 73.65B
Average 8.40x 1.39x 3.97x 5.95% 356.2B
Weighted average by Cap. 11.22x 2.34x 5.33x 5.4%

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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