Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 389,217 - -
Change - 53.43% -18.52% -7.28% 17.07% 27.73% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 412,947 408,864 403,518
Change - 39.85% -16.18% -5.21% 21.99% 21.75% -0.99% -1.31%
P/E 14.4x 9.82x 13.1x 14.9x 23x 12.4x 14.8x 15.1x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.92x 1.98x 2x
PEG - 0x -0.3x -1x -0.7x 0x -0.9x -6.07x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.77x 1.87x 1.89x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.88x 1.97x 1.95x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.67x 6.59x 6.66x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.3x 11.3x 11.6x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 11x 12.9x 13.3x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.12% 7.78% 7.49%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.118 7.442 7.719
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.62% 3.78% 3.92%
EPS 2 8.14 18.28 11.36 9.72 6.63 15.88 13.34 13.01
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 44.8% 55.8% 59.3%
Net sales 1 162,465 246,252 200,949 202,792 189,031 219,850 207,829 206,419
EBITDA 1 40,825 67,483 48,293 46,377 42,143 72,884 62,023 60,558
EBIT 1 22,351 50,190 30,053 28,100 20,960 44,406 36,136 34,647
Net income 1 15,625 35,465 21,369 17,661 12,299 31,093 25,154 24,525
Net Debt 1 25,694 5,438 12,613 17,756 34,461 23,730 19,646 14,300
Reference price 2 117.35 179.49 149.16 144.84 152.41 196.83 196.83 196.83
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.39x1.88x5.67x3.62% 389B
13.66x3.39x6.46x5.25% 1,706B
8.25x0.64x3.91x6.38% 292B
8.13x0.92x3.97x3.42% 253B
8.17x1.04x4.35x4.65% 195B
5.91x1.75x2.81x7.62% 150B
3.5x1.57x2.97x10.99% 118B
7.4x0.84x2.05x3.86% 96.78B
8.62x0.83x4.12x4.66% 80.99B
Average 8.45x 1.43x 4.04x 5.61% 364.63B
Weighted average by Cap. 11.25x 2.35x 5.34x 5.24%

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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