Chevron (CVX) AI Stock Analysis

• Market Cap: $254.82B
• Dividend Yield: 4.69%
• Average Volume (3M): 8.11M
• Price to Earnings (P/E): 16.7
• Beta (1Y): 0.55
• Revenue Growth: -1.05%
• EPS Growth: -19.71%
• Country: US
• Employees: 45,298
• Sector: Energy
• Sector Strength: 67
• Industry: Oil & Gas Integrated
• EPS (TTM): 2.18
• Shares Outstanding: 1,746,393,900
• 10 Day Avg. Volume: 8,713,267
• 30 Day Avg. Volume: 8,112,365
• PEG Ratio: 0.08
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.21
• Enterprise Value/Market Cap: 1.38
• Enterprise Value/Revenue: 0.45
• Enterprise Value/Gross Profit: 6.58
• Enterprise Value/Ebitda: 2.02
• 1Y Price Target: $159.50
• Price Target Upside: 9.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 18

• Rating: 78 Outperform
• Price Target: $161.00 ▲(10.34%Upside)

Chevron's robust financial performance and positive earnings call sentiment are the primary strengths, supported by fair valuation metrics. While technical analysis shows mixed signals, the company's strategic initiatives and strong shareholder returns support a positive outlook.

Positive Factors

Cash Flow

Strong free cash flow generation is expected from major projects including Tengiz, US Gulf, and the Permian.

Dividends

Chevron is highlighted for its attractive long-term value and a 5% dividend yield.

Negative Factors

Market Risks

Chevron is exposed to heavy market risk as earnings depend on the price volatility of crude oil, natural gas and other refinery products.

Share Buybacks

Management noted market conditions are likely to result in share buybacks being at the lower end of the guidance range.

Chevron Business Overview & Revenue Model

Company Description

Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification associated with liquefied natural gas; transportation of crude oil through pipelines; and transportation, storage, and marketing of natural gas, as well as operates a gas-to-liquids plant. The Downstream segment engages in refining crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels; transporting crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. It is also involved in the cash management and debt financing activities; insurance operations; real estate activities; and technology businesses. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is based in San Ramon, California.

How the Company Makes Money

Chevron makes money through a diversified revenue model that spans across several key sectors of the energy industry. The company's primary revenue streams include the upstream segment, which involves the exploration and production of crude oil and natural gas, and the downstream segment, which focuses on refining, marketing, and distributing petroleum products. The upstream segment is a significant contributor to Chevron's earnings, driven by the sale of crude oil, natural gas, and natural gas liquids. The downstream operations generate revenue through the sale of refined products such as gasoline, diesel, jet fuel, and lubricants, as well as petrochemicals used in various industrial applications. Additionally, Chevron has interests in power generation and renewable energy projects, which are becoming increasingly important as the company seeks to diversify its energy portfolio and address climate change. Strategic partnerships and joint ventures with other energy companies and technology firms also play a crucial role in enhancing Chevron's operational capabilities and expanding its market presence.

Chevron Financial Statement Overview

Summary

Chevron shows strong profitability and effective cash flow management with a high gross profit margin and solid operating cash flows. However, negative revenue and cash flow growth rates indicate challenges ahead.

Income Statement

Chevron's TTM (Trailing-Twelve-Months) revenue stands at $198.34 billion with a Gross Profit Margin of 47.2% and a Net Profit Margin of 7.9%, indicating strong profitability. The EBIT Margin is robust at 28.5%, showing effective cost management. However, the recent Revenue Growth Rate is negative, suggesting the need for future growth strategies.

Balance Sheet

The Debt-to-Equity Ratio is 0.20, indicating a conservative leverage approach, which is a positive in a volatile industry. Return on Equity (ROE) at 10.5% shows decent shareholder returns. However, the Equity Ratio of 58.2% suggests a stable capital structure, but there is room for improvement in equity efficiencies.

Cash Flow

Operating Cash Flow to Net Income Ratio is 1.57, reflecting strong cash generation relative to net income. The Free Cash Flow to Net Income Ratio is 0.79, indicating good free cash flow generation. The Free Cash Flow Growth Rate is negative, highlighting recent pressures on cash growth.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
194.44B	193.41B	196.91B	235.72B	155.61B	94.47B
	Gross Profit
53.54B	56.93B	60.39B	65.59B	45.43B	22.82B
	EBIT
11.12B	29.10B	33.79B	39.95B	16.10B	-6.94B
	EBITDA
43.57B	45.81B	47.81B	67.00B	39.36B	10.44B
	Net Income Common Stockholders
15.67B	17.66B	21.37B	35.47B	15.63B	-5.54B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
4.64B	6.79B	8.22B	17.90B	5.67B	5.63B
	Total Assets
256.40B	256.94B	261.63B	257.71B	239.53B	239.79B
	Total Debt
29.68B	24.54B	20.84B	23.34B	31.37B	44.31B
	Net Debt
25.04B	17.76B	12.66B	5.66B	25.73B	38.72B
	Total Liabilities
106.32B	103.78B	99.70B	97.47B	99.59B	107.06B
	Stockholders Equity
149.24B	152.32B	160.96B	159.28B	139.07B	131.69B
Cash Flow		Free Cash Flow
13.63B	15.04B	19.78B	37.63B	21.09B	1.68B
	Operating Cash Flow
29.85B	31.49B	35.61B	49.60B	29.19B	10.58B
	Investing Cash Flow
-10.59B	-8.94B	-15.23B	-12.11B	-5.90B	-7.00B
	Financing Cash Flow
-20.28B	-23.50B	-30.11B	-24.98B	-23.10B	-3.70B

Chevron Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 145.91
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CVX, the sentiment is Positive. The current price of 145.91 is above the 20-day moving average (MA) of 139.18, above the 50-day MA of 137.92, and below the 200-day MA of 146.55, indicating a neutral trend. The MACD of 1.43 indicates Negative momentum. The RSI at 65.22 is Neutral, neither overbought nor oversold. The STOCH value of 92.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CVX.

Chevron Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CVX	78 Outperform	$254.82B	16.73	10.11%	4.69%	-1.05%	-19.71%
TTE	78 Outperform	$133.55B	10.42	11.75%	5.24%	-9.86%	-32.59%
XOM	77 Outperform	$472.90B	14.83	14.18%	3.53%	2.36%	-7.18%
SHEL	76 Outperform	$210.76B	16.62	7.40%	3.95%	-2.62%	-20.13%
EQNR	73 Outperform	$75.39B	8.74	18.28%	5.33%	3.96%	-1.69%
BP	68 Neutral	$81.64B	186.20	-1.87%	5.99%	-7.70%	-113.83%
Sector *	58 Neutral	$7.57B	3.50	-4.45%	10.15%	0.79%	-49.51%

Chevron Corporate Events

Chevron Shareholders Approve Officer Liability Amendments

At the 2025 Annual Meeting of Stockholders held on May 28, Chevron‘s shareholders approved amendments to the company’s Restated Certificate of Incorporation to limit the monetary liability of certain officers, aligning their protections more closely with those of directors. Additionally, all board nominees were elected, and the appointment of PricewaterhouseCoopers LLP as the independent auditor was ratified. However, several stockholder proposals, including those related to human rights practices, renewable energy risks, and special meeting calls, were not approved.

The most recent analyst rating on (CVX) stock is a Buy with a $206.00 price target. To see the full list of analyst forecasts on Chevron stock, see the CVX Stock Forecast page.