3 months Premium FREE
No credit card. No commitment.
Chevron Corp
🇺🇸 CVX · NYSE/NASDAQ
Energy
Price at analysis: USD 222.16 Current price: USD 220.68 * updated every night
Scores
Key Metrics
Powered by EODHDP/E (TTM)
21.3
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: 222.16 ÷ 10.43 = 21.3
TTM period through: 2026-06-30
Forward P/E (estimated): 15.2
Based on analyst estimates
Reference: Provider P/E (Trailing): 20.7
Net Debt/EBITDA (TTM)
0.5x
Latest quarter: 1.2x
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: 2026-06-30
Latest quarter (2026-06-30): 1.2x
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
12.2%
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
7.7x
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)
4.02%
TTM: 3.14%
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): 4.02%
Trailing Yield (TTM, last 12 months): 3.14%
Payout Ratio (Fwd)
68.3%
TTM: 103.7%
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): 68.3%
Payout (TTM): 103.7%
Cash Flow Payout (TTM): 30.6%
FCF Coverage (TTM): 1.95x
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 Aug 2027 | — | USD | 1.78 |
| Forecast* | Quarterly | — | 19 May 2027 | — | USD | 1.78 |
| Forecast* | Quarterly | — | 17 Feb 2027 | — | USD | 1.78 |
| Forecast* | Quarterly | — | 18 Nov 2026 | — | USD | 1.71 |
| Paid | Quarterly | 31 Jul 2026 | 19 Aug 2026 | 10 Sep 2026 | USD | 1.78 |
| 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 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Chevron remains an elite global energy major backed by a fortress balance sheet and massive free cash flow that securely covers its 3.20% forward yield. Recent favorable legal resolutions and the successful integration of Hess further solidify its operational scale and structural moats. However, trading at an elevated TTM P/E of 21.30x, the current valuation provides an insufficient margin of safety for a cyclical asset; existing holders should maintain, but new positions should await a more favorable entry point.
Sector Context
Chevron is a massive, vertically integrated oil and gas major. The Energy sector is highly cyclical, meaning P/E ratios can be deceptive (low P/E at market peaks, high P/E at market bottoms). While non-essential according to DGI strict definitions, major integrated players like Chevron possess the scale and balance sheets required to weather regulatory friction and volatility better than smaller independent E&Ps.
📊 Strategy Analysis
- • Fortress balance sheet with a highly conservative Net Debt/EBITDA of 0.51x and Debt/Equity of 0.20
- • Strong dividend safety supported by 1.95x Free Cash Flow coverage and a low 30.59% cash flow payout ratio
- • Shareholder-friendly capital allocation delivering a 5.68% total shareholder yield (3.20% forward dividend + 2.54% net buybacks)
- • Significant legal overhangs definitively resolved in Chevron's favor, including the completion of the $53B Hess acquisition and invalidation of the NY Climate Superfund
⚠ What to Watch
- • Valuation is highly stretched for a cyclical energy major, with a TTM P/E of 21.30x limiting the margin of safety
- • Pending U.S. Supreme Court determination regarding multi-billion-dollar state-level climate change mass tort lawsuits
- • Long-term structural uncertainty remains regarding the highly profitable Tengiz concession in Kazakhstan, which is set to expire in 2033
📊 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: 2026-10-17
Disclaimer: This information is for educational purposes only. Not financial advice.