CVX
CHEVRON CORP
Energy • CIK 0000093410
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Market Cap
$394.57B
P/E (TTM)
35.8x
Rev Growth (TTM)
-5.8%
Net Margin (TTM)
5.8%
FCF Yield (TTM)
3.5%
FCF Margin (TTM)
7.3%
Filings your agent reads
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
8-KMay 20262026-05-29source
8-KMay 20262026-05-29source
10-QQ1 20262026-05-07source
8-KEarnings2026-05-01source
8-KEarnings2026-04-09source
Point your agent at CVX and it navigates these the same way — citing each number back to the filing.
Cash Flow Health
Free Cash Flow7/8 positive
TTM$13.8B
Q1 '26
$-1.5B-128%
Q4 '25
$5.5B+12%
FCF Margin
TTM7.3%
Q1 '26-3.2%-127%
Sector: 8.5%Below Avg
OCF Margin16.5%
OCF/NI2.84x
CapEx Coverage1.8x
FCF Yield3.5%
FCF Growth (2Y)-27%
Cash Conversion Cycle
-2 days
DSO: 32+DIO: 33−DPO: 67
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldTTM
TTM6.2%
Div Yield3.5%
+Buyback (TTM)2.7%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)3.5%
FCF Payout Ratio99.9%
Free Cash Flow (TTM)$13.8B
Stock Repurchases (TTM)$10.7B
Capital Return / FCF177.8%
Est. Dividends Paid (TTM)$13.8B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
5.4%
Stable
-0.0% YoY-6.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
5.9%
8Q: 6.8%
Asset Turnover
0.64x
8Q: 0.72x
Leverage (1+D/E)
1.18x
D/E: 0.18x
DuPont: 4.4% ≈ 5.4% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
0.99x
8Q:1.25x
-55.5%
Invested Cap Turn
0.94x
8Q:1.19x
-50.4%
CapEx Intensity
8.7%
8Q:9.7%
CapEx/Depreciation
0.80x
Asset-based ROIC formula
Valuation Analysis
Fair Value
Price-to-EarningsTTM
35.8x
Volatile
8Q: 84.0x+9388%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
35.8x
vs – sector
Cash Flow
30.5x
EV/FCF vs –
Growth-Adj
–PEG
N/A
Quality-Adj
6.6P/E per %ROIC
ROIC: 5.4%
Shareholder Returns
Dividend
3.5%
Buyback
2.7%
Total Yield
6.2%
Market Cap$394.57B
EV$420.04B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
68/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
6.4%
8Q:–
Return on Invested Capital (ROIC)Top 25%
5.4%
8Q:–
-6.2%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 5.9%
Asset Turnover: 0.64x
Earnings Quality
Cash Conversion
2.84x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin43.2%
Capital Efficiency
Invested Capital Turnover0.94x
Working Capital
Cash Conversion Cycle-2 days
Growth Quality & Momentum
Low Quality
Growth Quality Score
34/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
-5.8%
OpInc Growth YoY
-29.3%
EPS Growth YoY
-34.1%
FCF 3Y CAGR
-27.2%
Growth Quality Analysis
⚠Working Capital Drag: FCF growth lagging revenue by 21.4%
⚠Sustainability Index: 1.0/10 - Growth sustainability concerns
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
43.2%
Operating
9.5%
Above Avg in sector
Net
5.8%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+1.5 pts
FCF: 7.3% | Net: 5.8%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Solid
Net Debt / EBITDA
–Net Debt: $26.31B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.18x
Balance sheet risk & solvency analysis