Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 380,280 - -
Change - 53.43% -18.52% -7.28% 17.07% 24.8% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 404,108 399,821 394,450
Change - 39.85% -16.18% -5.21% 21.99% 19.14% -1.06% -1.34%
P/E 14.4x 9.82x 13.1x 14.9x 23x 12.8x 14.7x 14.9x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.96x 1.95x 1.95x
PEG - 0x -0.3x -1x -0.7x 0x -1.2x -9.26x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.69x 1.82x 1.84x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.79x 1.92x 1.91x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.85x 6.42x 6.51x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.13x 11x 11.4x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.9x 12.4x 13x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.18% 8.1% 7.67%
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% 3.71% 3.87% 4.01%
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 2 117.35 179.49 149.16 144.84 152.41 192.31 192.31 192.31
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.($)
12.83x1.79x5.85x3.71% 380B
13.66x3.39x6.46x5.25% 1,706B
8.41x0.65x3.97x6.22% 297B
8.51x0.92x3.76x3.52% 248B
8.09x1.04x4.32x4.7% 193B
6.01x1.79x2.87x7.5% 152B
3.45x1.55x2.95x12.26% 117B
7.3x0.83x2.03x3.92% 95.41B
8.59x0.83x4.11x4.68% 80.79B
Average 8.54x 1.42x 4.04x 5.75% 363.33B
Weighted average by Cap. 11.33x 2.35x 5.35x 5.3%

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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