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Chevron Corp
🇺🇸 CVX · NYSE/NASDAQ · US1667641005
Energy
USD 167.44 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
29.1
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 167.44 ÷ 5.76 = 29.1
TTM period through: 2026-03-31
Forward P/E (estimated): 11.3
Based on analyst estimates
Reference: Provider P/E (Trailing): 29.5
Net Debt/EBITDA (TTM)
1.0x
Latest quarter: 4.0x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2026-03-31
Latest quarter (2026-03-31): 4.0x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
6.6%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
8.9x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
4.25%
TTM: 4.17%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 4.25%
Trailing Yield (TTM, last 12 months): 4.17%
Payout Ratio (Fwd)
123.6%
TTM: 120.8%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (Fwd): 123.6%
Payout (TTM): 120.8%
Cash Flow Payout (TTM): 42.8%
FCF Coverage (TTM): 1.01x
Growth Streak
8 yrs
Consec. increases
Div. Growth (5Y)
5.8%
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Quarterly | — | 19 May 2027 | — | USD | 1.78 |
| Forecast* | Quarterly | — | 17 Feb 2027 | — | USD | 1.78 |
| Forecast* | Quarterly | — | 18 Nov 2026 | — | USD | 1.71 |
| Forecast* | Quarterly | — | 19 Aug 2026 | — | USD | 1.71 |
| Paid | Quarterly | 01 May 2026 | 19 May 2026 | 10 Jun 2026 | USD | 1.78 |
| Paid | Quarterly | 30 Jan 2026 | 17 Feb 2026 | 10 Mar 2026 | USD | 1.78 |
| Paid | Quarterly | 31 Oct 2025 | 18 Nov 2025 | 10 Dec 2025 | USD | 1.71 |
| Paid | Quarterly | 01 Aug 2025 | 19 Aug 2025 | 10 Sep 2025 | USD | 1.71 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Chevron is a high-quality global energy major with a fortress balance sheet and a secure 4.1% dividend yield supported by robust operating cash flows. While underlying fundamentals remain strong and the company is securing future demand through initiatives like powering AI data centers, current valuation levels offer limited upside. Existing shareholders should maintain positions, but new investors may want to wait for a more attractive entry point.
Sector Context
Chevron is an integrated global oil and gas supermajor that generates revenue through the exploration, production, refining, and marketing of energy and chemical products. In the energy sector, dividend investors must balance the benefits of immense scale, strong current cash generation, and inflation-hedging properties against inherent commodity cyclicality and long-term structural risks from the global energy transition.
Temporary Opportunity Identified
Elevated TTM P/E (29.06x) and negative Free Cash Flow are primarily driven by heavy capital investments, strategic M&A, and significant non-cash impairment charges (such as the California regulatory write-down), rather than a deterioration of core operating cash flow.
📊 Strategy Analysis
- • Fortress balance sheet with highly conservative leverage metrics, including a Net Debt/EBITDA of 0.97x and Debt/Equity of 0.25x.
- • Attractive and sustainable 4.17% TTM dividend yield, comfortably covered by a 42.7% cash flow payout ratio supported by $25.1 billion in operating cash flow.
- • Strategic diversification into energy transition projects, highlighted by a recent 20-year natural gas supply agreement for a Microsoft AI data center and expansion into lithium extraction.
⚠ What to Watch
- • Current share price of $167.44 significantly exceeds the dividend-based monopoly fair value upper bound of $103.73, limiting the margin of safety.
- • Near-term Free Cash Flow is negative (-$1.54 billion) and TTM P/E is elevated at 29.0x, reflecting recent multi-billion dollar asset impairments and heavy capital expenditures.
- • Material long-term structural risks remain, including the 2033 Tengiz concession expiration, accelerating regulatory emissions frameworks, and mandated phase-outs of internal combustion engines.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-07-04
Disclaimer: This information is for educational purposes only. Not financial advice.