Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 409,190 - -
Change - 53.43% -18.52% -7.28% 17.07% 34.28% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 428,920 424,741 423,233
Change - 39.85% -16.18% -5.21% 21.99% 26.46% -0.97% -0.36%
P/E 14.4x 9.82x 13.1x 14.9x 23x 13.6x 15.9x 16.6x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 2.1x 2.07x 2.1x
PEG - 0x -0.3x -1x -0.7x 0x -1.1x -3.86x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.79x 1.92x 1.93x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.88x 2x 2x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 6.12x 6.66x 6.93x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.35x 11.3x 12.2x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.7x 12.2x 13.9x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.35% 8.19% 7.2%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.134 7.444 7.722
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.42% 3.57% 3.7%
EPS 2 8.14 18.28 11.36 9.72 6.63 15.36 13.11 12.54
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 46.4% 56.8% 61.6%
Net sales 1 162,465 246,252 200,949 202,792 189,031 228,316 212,577 211,553
EBITDA 1 40,825 67,483 48,293 46,377 42,143 70,099 63,800 61,042
EBIT 1 22,351 50,190 30,053 28,100 20,960 45,855 37,733 34,788
Net income 1 15,625 35,465 21,369 17,661 12,299 30,841 25,652 24,686
Net Debt 1 25,694 5,438 12,613 17,756 34,461 19,729 15,550 14,042
Reference price 2 117.35 179.49 149.16 144.84 152.41 208.60 208.60 208.60
Nbr of stocks (in thousands) 1,913,518 1,919,471 1,882,048 1,797,091 1,999,354 1,961,603 - -
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.($)
13.68x3.5x6.58x5.35% 1,675B
13.58x1.88x6.12x3.42% 409B
8.7x0.62x3.98x6% 297B
8.22x0.92x4.01x3.35% 267B
8.22x1.04x4.34x4.63% 197B
6.33x1.77x2.82x6.98% 157B
3.98x1.61x3.03x7.57% 126B
7.91x0.85x2.09x3.72% 101B
8.36x0.79x3.95x4.86% 78.15B
Average 8.78x 1.44x 4.10x 5.1% 367.39B
Weighted average by Cap. 11.44x 2.39x 5.44x 5.06%

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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  3. CVX Stock
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  5. Valuation Chevron Corporation
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