Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 162,594 226,214 347,069 280,726 260,291 302,008 - -
Change - 39.13% 53.43% -19.12% -7.28% 16.03% - -
Enterprise Value (EV) 1 201,282 251,908 352,507 293,339 278,047 340,371 342,749 343,277
Change - 25.15% 39.93% -16.78% -5.21% 22.42% 0.7% 0.15%
P/E ratio -28.5x 14.4x 9.82x 13.1x 14.9x 21.7x 19.4x 15.8x
PBR 1.2x 1.62x 2.18x 1.74x 1.73x 1.56x 1.62x 1.67x
PEG - -0x 0x -0.3x -1x -0.7x 1.6x 0.7x
Capitalization / Revenue 1.72x 1.39x 1.41x 1.4x 1.28x 1.62x 1.61x 1.56x
EV / Revenue 2.13x 1.55x 1.43x 1.46x 1.37x 1.82x 1.83x 1.78x
EV / EBITDA 14.1x 6.17x 5.22x 6.07x 6x 8.19x 7.29x 6.44x
EV / EBIT -29.8x 11.3x 7.02x 9.76x 9.89x 16.1x 14.4x 12.5x
EV / FCF 118x 11.2x 9.93x 14.8x 18.5x 20.5x 16.2x 12.9x
FCF Yield 0.84% 8.93% 10.1% 6.75% 5.39% 4.89% 6.17% 7.76%
Dividend per Share 2 5.16 5.31 5.68 6.04 6.52 6.857 7.154 7.493
Rate of return 6.11% 4.52% 3.16% 4.05% 4.5% 4.58% 4.78% 5%
EPS 2 -2.96 8.14 18.28 11.36 9.72 6.9 7.728 9.488
Distribution rate -174% 65.2% 31.1% 53.2% 67.1% 99.4% 92.6% 79%
Net sales 1 94,692 162,465 246,252 200,949 202,792 186,877 187,763 192,999
EBITDA 1 14,289 40,825 67,483 48,293 46,377 41,565 47,029 53,301
EBIT 1 -6,756 22,351 50,190 30,053 28,100 21,135 23,865 27,487
Net income 1 -5,543 15,625 35,465 21,369 17,661 12,635 14,118 17,489
Net Debt 1 38,688 25,694 5,438 12,613 17,756 38,363 40,741 41,269
Reference price 2 84.45 117.35 179.49 149.16 144.84 149.80 149.80 149.80
Nbr of stocks (in thousands) 1,925,323 1,927,686 1,933,639 1,882,048 1,797,091 2,013,522 - -
Announcement Date 1/29/21 1/28/22 1/27/23 2/2/24 1/31/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.74x1.82x8.2x4.57% 302B
15.62x3.66x7.03x5.53% 1,540B
8.73x0.61x3.7x6.11% 241B
11.58x0.93x4.41x4.01% 206B
10.03x0.95x4.38x5.83% 140B
3.68x1.54x3.18x10.74% 77.46B
9.82x0.65x1.77x6.5% 57.47B
12.15x0.77x3.79x6.57% 56.74B
13x1.62x5.16x3.79% 53.39B
Average 11.82x 1.40x 4.63x 5.96% 297.13B
Weighted average by Cap. 14.49x 2.60x 6.19x 5.53%
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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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