Chevron (CVX) AI Stock Analysis

• Market Cap: $314.05B
• Dividend Yield: 4.29%
• Average Volume (3M): 6.81M
• Price to Earnings (P/E): 21.7
• Beta (1Y): 0.49
• Revenue Growth: -3.48%
• EPS Growth: -22.05%
• Country: US
• Employees: 45,298
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Integrated
• EPS (TTM): 1.85
• Shares Outstanding: 2,047,393,900
• 10 Day Avg. Volume: 7,294,794
• 30 Day Avg. Volume: 6,806,265
• PEG Ratio: -1.03
• Price to Book (P/B): 1.72
• Price to Sales (P/S): 1.36
• P/FCF Ratio: 17.43
• Enterprise Value/Market Cap: 1.09
• Enterprise Value/Revenue: 1.81
• Enterprise Value/Gross Profit: 9.65
• Enterprise Value/Ebitda: 8.19
• 1Y Price Target: $174.57
• Price Target Upside: 13.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $177.00 ▲(15.39% Upside)

Chevron's overall stock score reflects strong financial performance and positive earnings call highlights, including record production and successful strategic integrations. However, concerns about valuation and recent declines in cash flow metrics slightly temper the outlook.

Positive Factors

Strong Production and Cash Generation

Chevron's record production and strong cash generation indicate robust operational efficiency and market demand, supporting long-term growth.

Hess Integration Success

Successful integration of Hess assets enhances Chevron's operational scale and efficiency, contributing positively to its competitive position.

ACES Green Hydrogen Project

The launch of the ACES project positions Chevron in the renewable energy sector, diversifying its portfolio and aligning with industry trends.

Negative Factors

Decreased Adjusted Earnings

The decline in adjusted earnings reflects challenges in maintaining profitability amidst fluctuating market conditions, impacting long-term financial performance.

Challenges in Other Segments

Increased expenses and unfavorable tax effects in other segments could strain resources and limit Chevron's ability to invest in growth opportunities.

Decline in Revenue Growth

A decline in revenue growth suggests potential market challenges and operational inefficiencies, which could hinder Chevron's long-term expansion plans.

Chevron Business Overview & Revenue Model

Company Description

Chevron Corporation (CVX) is a global energy company headquartered in San Ramon, California. It operates in various sectors of the energy industry, including oil and gas exploration and production, refining, and marketing. Chevron is involved in the development of renewable energy sources and technologies, alongside its traditional operations. The company's core products and services encompass crude oil, natural gas, refined petroleum products, and petrochemicals, positioning it as one of the largest integrated energy companies worldwide.

How the Company Makes Money

Chevron generates revenue primarily through the exploration, production, and sale of crude oil and natural gas. The company's upstream segment focuses on finding and extracting oil and gas resources, which are then sold in global markets. The downstream segment encompasses refining operations, where crude oil is transformed into consumable products, including gasoline, diesel, and jet fuel, which are sold through retail and commercial channels. Additionally, Chevron's chemicals segment produces and sells petrochemicals, enhancing its revenue base. Significant partnerships, joint ventures, and strategic alliances with other industry players and governments also contribute to Chevron's financial performance, allowing the company to expand its operational capabilities and access new markets. Furthermore, fluctuations in commodity prices, efficient cost management, and investments in technology and renewable energy sources play crucial roles in driving the company's profitability.

Chevron Financial Statement Overview

Summary

Chevron demonstrates financial stability with strong profitability and a solid balance sheet. However, recent declines in revenue growth and cash flow metrics highlight potential areas of concern. The company remains well-positioned in the industry but should address operational efficiencies to sustain long-term growth.

Income Statement

Chevron's income statement shows a strong gross profit margin and consistent profitability, although recent revenue growth has been negative. The TTM data indicates a decline in EBIT and EBITDA margins, reflecting potential challenges in operational efficiency. Despite these challenges, the company maintains a solid net profit margin.

Balance Sheet

Chevron's balance sheet is robust with a low debt-to-equity ratio, indicating prudent financial leverage. The return on equity remains healthy, although it has decreased over the past year. The equity ratio is strong, reflecting a stable financial position.

Cash Flow

The cash flow statement reveals a decline in free cash flow growth, which could be a concern. However, the company maintains a reasonable free cash flow to net income ratio, suggesting efficient cash generation relative to earnings. Operating cash flow has decreased, impacting overall cash flow health.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	188.49B	193.41B	196.91B	235.72B	155.61B	94.47B
Gross Profit	35.42B	56.93B	60.39B	65.59B	45.43B	22.82B
EBITDA	41.71B	45.81B	47.81B	67.00B	39.36B	10.44B
Net Income	12.78B	17.66B	21.37B	35.47B	15.63B	-5.54B
Balance Sheet
Total Assets	326.50B	256.94B	261.63B	257.71B	239.53B	239.79B
Cash, Cash Equivalents and Short-Term Investments	41.54B	6.79B	8.22B	17.90B	5.67B	5.63B
Total Debt	41.54B	24.54B	20.84B	23.34B	31.37B	44.31B
Total Liabilities	136.66B	103.78B	99.70B	97.47B	99.59B	107.06B
Stockholders Equity	189.84B	152.32B	160.96B	159.28B	139.07B	131.69B
Cash Flow
Free Cash Flow	15.16B	15.04B	19.78B	37.63B	21.09B	1.68B
Operating Cash Flow	31.70B	31.49B	35.61B	49.60B	29.19B	10.58B
Investing Cash Flow	-8.33B	-8.94B	-15.23B	-12.11B	-5.87B	-6.96B
Financing Cash Flow	-20.48B	-23.47B	-30.11B	-24.98B	-23.11B	-3.74B

Chevron Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 153.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVX, the sentiment is Neutral. The current price of 153.39 is below the 20-day moving average (MA) of 153.68, below the 50-day MA of 155.74, and above the 200-day MA of 148.94, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 45.18 is Neutral, neither overbought nor oversold. The STOCH value of 12.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CVX.

Chevron Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTE	78 Outperform	$132.87B	9.60	12.27%	5.99%	-9.52%	-11.66%
SHEL	78 Outperform	$212.53B	14.97	8.06%	3.79%	-6.96%	0.03%
XOM	75 Outperform	$481.35B	16.58	11.32%	3.46%	-4.17%	-14.15%
CVX	74 Outperform	$314.05B	21.66	7.38%	4.29%	-3.48%	-22.05%
PBR	73 Outperform	$74.02B	5.57	19.48%	13.74%	-13.68%	-13.96%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
BP	63 Neutral	$90.56B	148.81	2.52%	5.48%	-4.11%	-37.59%

Chevron Corporate Events

Chevron Announces Upcoming Controller Transition

On October 29, 2025, Chevron announced that Alana K. Knowles will resign as Controller, effective February 28, 2026, in anticipation of her retirement in April 2026. The Board of Directors has appointed Amit R. Ghai as the new Controller, effective March 1, 2026, who has been with Chevron since 2004 and has extensive experience in finance, accounting, and treasury.

The most recent analyst rating on (CVX) stock is a Buy with a $176.00 price target. To see the full list of analyst forecasts on Chevron stock, see the CVX Stock Forecast page.

Chevron Reveals Q3 2025 Financial Impact from Hess Deal

On September 25, 2025, Chevron Corporation announced preliminary financial estimates for the third quarter of 2025, highlighting the impact of its acquisition of Hess Corporation. The acquisition is expected to result in a loss of $200 to $400 million, although adjusted earnings excluding transaction costs are estimated to be between $50 and $150 million. The company anticipates realizing synergies from the Hess transaction in future earnings, with significant cash outflows related to severance and transaction costs occurring in the third quarter. Chevron also expects a working capital outflow of $0.5 to $1.5 billion during this period.

The most recent analyst rating on (CVX) stock is a Buy with a $191.00 price target. To see the full list of analyst forecasts on Chevron stock, see the CVX Stock Forecast page.

Chevron Issues $5.5 Billion in Notes for Funding

On August 13, 2025, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, issued a series of notes totaling $5.5 billion with varying maturity dates ranging from 2027 to 2035. This issuance, guaranteed by Chevron Corporation, aims to strengthen the company’s financial position by securing long-term funding through both fixed and floating rate notes, potentially impacting its debt structure and market standing.

The most recent analyst rating on (CVX) stock is a Buy with a $169.00 price target. To see the full list of analyst forecasts on Chevron stock, see the CVX Stock Forecast page.

Chevron’s Earnings Call: Strong Growth Amid Challenges

Chevron’s recent earnings call painted a largely positive picture, highlighting the company’s robust operational performance and strategic accomplishments. Despite facing challenges such as a drop in adjusted earnings and negative foreign currency impacts, Chevron’s significant achievements and strategic advancements took center stage, leading to an overall positive sentiment.