Chevron (CVX) Research Report — Score, Intrinsic Value, Peer Rankings

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

$208.60 -$2.72(-1.29%)as of Friday's close

52‑wk Range

$146.49

$214.71

Cap ($M USD) $409,190

P/E 20.1

EPS (1Y)33.7%

Dividend$7.12

Last Filing06/30/26

Sales ($M)208,711

Fwd. P/E 15.8

Sales (1Y)11.2%

Fwd. Yield 3.4%

Next Earnings10/30/26

CVX has outperformed the S&P 500 by 16.1% in the past year.

CVX has underperformed its sector by -12.1% in the past year.

The Energy sector has outperformed the market by 28.3% in the past year.

ANALYST CONSENSUS

Buy

The consensus rating is unchanged from 1 month ago.

Strong Buy

Buy

Hold

Sell

Strong Sell

Strong BuyBuyHoldSellStrong Sell

QUANTITATIVE SCORES

Fair Value

$192.80

Margin of Safety

-8%

The Margin of Safety is the difference between a company's Fair Value and the current price. See more on page 8.

1 warning

Details on Page 8

Value Score

Value Score: Our value score looks at EV/EBITDA, P/E, P/S, P/TB (Price/Tangible Book) and EPS Predictability. P/S and P/TB are compared within a sector. Other metrics are compared across all stocks

Quality Score

Quality Score: Our quality score compares profitability and balance sheet metrics to find high quality companies using ROIC, Net Margin, Gross Margin, Interest Coverage, and Debt / Equity metrics.

Growth Score

Growth Score: Our growth score looks at the 5 year history and the forward estimates for EBITDA, Sales, and EPS growth, ranking the best companies across all stocks.

Sentiment Score

Sentiment Score: Our sentiment score finds stocks in favor by analyzing Short Interest, returns in key periods over the last year, Price vs. 52-wk High, Days Since 52-wk High and MACD signals.

BUSINESS SUMMARY

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with 2025 worldwide net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet per day of natural gas and 2.3 million barrels of liquids per day. Production takes place in North America, South America, Europe, Africa, Asia, and Australia. The company's refining networks arelocated in the United States and Asia, with a total worldwide refining capacity of 1.8 million barrels of oil a day at year-end 2025. Net proved reserves at year-end 2025 stood at 10.6 billion barrels of oil equivalent, consisting of 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.

Employees 43,039Homepage www.chevron.comHeadquarters Houston, TX

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

VALUATION SUMMARY

	CVX	Industry	S&P 500
Value Score	83	78	72
Price / Earnings	20.1	13.5	26.9
Price / Sales	2.0	0.9	3.7
Price / Free Cash Flow	15.3	12.1	36.1
Price / Book	2.2	1.5	5.9
Price / Tangible Book	2.2	11.1	382.3
EV / EBITDA	7.8	7.0	19.3
EPS Predict. Pctl.	62	49	72
Piotroski F Score	6	7	6

5‑Year P/E Range	8.2 -
5‑Year P/B Range	1.4 2.5
5‑Year P/S Range	1.2 2.4

GROWTH SUMMARY

	CVX	Industry	S&P 500
Growth Score	65	55	77
Sales Growth
Sales Growth Next Year	-6.9%	-6.1%	22.6%
Sales 1‑Year Chg (%)	11.2%	5.7%	21.3%
Sales 3‑Year Avg (%)	-0.8%	-2.4%	14.7%
Sales 5‑Year Avg (%)	12.4%	11.0%	13.1%
EPS Growth
Next Yr. Growth Est.	-16.9%	-14.7%	21.1%
EPS 1‑Year Chg (%)	33.7%	37.4%	34.5%
EPS 3‑Year Avg (%)	-13.0%	-9.3%	18.5%
EPS 5‑Year Avg (%)	40.9%	47.0%	14.3%

PEERS ANALYSIS SUMMARY

Ticker

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Company

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Cap ($M USD)

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P/E

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Fwd. Yield

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1M Return

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1Y Return

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Margin of Safety

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Value Score

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Growth Score

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Quality Score

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XOM

ExxonMobil Holdings

$655,726

20.5

2.6%

4.2%

46.0%

-4%

CVX

Chevron

$409,190

20.1

3.4%

10.5%

37.5%

-8%

SHEL

Shell

$264,712

10.3

3.3%

4.4%

33.3%

-3%

TTE

TotalEnergies

$195,608

11.1

4.5%

4.0%

52.3%

-7%

PBR

Petrobras Brasileiro

$125,374

5.1

7.1%

10.6%

77.4%

10%

$112,981

20.9

4.6%

4.5%

34.3%

14%

MPC

Marathon Petroleum

$109,511

13.5

1.0%

24.7%

120.9%

-25%

EQNR

Equinor

$99,658

11.4

3.6%

8.5%

83.8%

14%

Eni

$76,789

12.1

4.6%

0.2%

62.6%

-20%

Ecopetrol

$35,547

11.3

3.8%

5.8%

100.1%

YPF

$20,630

27.9

6.0%

70.7%

13%

NFG

National Fuel Gas

$7,919

11.6

2.7%

2.1%

-1.6%

-12%

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

PROFITABILITY SUMMARY

	CVX	Industry	S&P 500
Quality Score	86	74	75
Gross Margin	32.4%	24.2%	32.8%
Operating Margin	12.4%	12.0%	16.8%
Net Margin	9.9%	7.3%	13.7%
Return on Assets	6.8%	6.4%	15.0%
Return on Equity	10.8%	12.6%	40.1%
ROIC	9.7%	11.1%	27.5%

RETURNS SUMMARY

	CVX	Industry	S&P 500
Sentiment Score	99	67	58
5‑Day Return	3.3%	2.5%	0.1%
1‑Month Return	10.5%	5.6%	-0.2%
YTD Return	40.7%	39.2%	13.4%
1‑Year Return	37.5%	45.4%	20.0%
3‑Year Return	43.9%	62.9%	77.4%
5‑Year Return	161.5%	181.2%	82.1%
Beta 1‑Year	-0.48	-0.31	1.00

DIVIDEND

	CVX	Industry
Forward Dividend Yield	3.4%	4.0%
Payout Ratio	67.0%	50.1%
TTM Yield	3.4%	-
Fwd. Div. Per Share	$7.12	$3.06
Div. 1Y Chg (%)	4.1%	-
Div. 3Y Avg (%)	5.6%	-
Div. 5Y Avg (%)	5.8%	-
Cons. Growth Years	10+	-
Div. Coverage Ratio	1.5	1.8

DEBT & EQUITY

Current Ratio	1.3
Quick Ratio	1.0
Price	$208.60
Net Cash Per Share	-$14.50
Equity Per Share	$96.80
Debt / Equity	0.2
Solvency Ratio	27%
Interest Coverage	22.5
Short % of Float	0.8%
Altman Z‑Score	3.7

ANALYST REVISIONS

Current Quarter EPS
# Up Last 30 days	8.00
# Down Last 30 days	6.00
Mean Estimate	4.68
% Change (30 Days)	9.86%

Next Quarter EPS
# Up Last 30 days	7.00
# Down Last 30 days	8.00
Mean Estimate	3.97
% Change (30 Days)	6.74%

MEAN ESTIMATE TREND

	Cur Qtr	Next Qtr	Cur Year	Next Year
Latest	$4.68	$3.97	$15.94	$13.24
30 Days Ago	$4.26	$3.72	$14.65	$12.67
90 Days Ago	$4.27	$3.67	$14.20	$12.32
% Change (90 Days)	9.6%	8.2%	12.3%	7.5%

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

EARNINGS SURPRISES

Earnings surprise is the difference between a company's announced earnings and the average analyst estimated value. Surprises typically causes the stock price to jump and are often followed by more of the same surprise type.

Surprise Summary (Last 12 Quarters)

Surprise Type	Amount	Percent
Positive Quarters (> 2%)	6	50.0%
Negative Quarters (< 2%)	3	25.0%
In-Line Quarters (within 2%)	3	25.0%

Surprise Detail (Last 6 Quarters)

Surprise Type	Announce Date	Period End Date	Actual EPS	Est. EPS	Surprise (%)
Positive	07/31/26	06/30/26	$6.06	$5.57	8.8%
Positive	05/01/26	03/31/26	$1.41	$0.97	45.4%
Positive	01/30/26	12/31/25	$1.52	$1.44	5.3%
Positive	10/31/25	09/30/25	$1.85	$1.71	8.2%
In-Line	08/01/25	06/30/25	$1.77	$1.74	1.7%
In-Line	05/02/25	-	$2.18	$2.15	1.4%

RISK

	CVX	Industry	S&P 500
Best Monthly Return (5Y)	19.2%	16.8%	9.6%
Worst Monthly Return (5Y)	-19.3%	-13.3%	-9.6%
Beta 1‑Year	-0.48	-0.31	1.00
Volatility 1‑Year	0.23	0.19	0.13
Volatility 1Y Pctl.	22	-	-
Max Drawdown 1‑Year	-20.8%	-21.1%	-8.8%
Max Drawdown 3‑Year	-20.8%	-25.1%	-18.7%
Max Drawdown 5‑Year	-24.9%	-28.3%	-24.6%

SEASONALITY

Seasonal Performance vs the S&P 500

5-YEAR RELATIVE PERFORMANCE VS S&P 500

Relative to the S&P 500 baseline, CVX has outperformed the S&P 500 by 78.8% in the past 5 Years.

CVX has underperformed its sector by -51.4% in the past 5 Years.

The Energy sector has outperformed the market by 130.2% in the past 5 Years.

Chevron 5-YEAR RELATIVE PERFORMANCE VS S&P 500 chart

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

Overall Rating
vs. Peers

Ratings scores are relative to industry groups. They compare key metrics to rank stocks vs. their competitors.
For example, higher growth than peers will score high even when the absolute growth is below the market average.

Growth vs Peers

Ticker

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Growth Rating vs. Peers

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Sales QoQ Chg.

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Eps QoQ Chg.

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Sales Growth Next Y.

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Sales 1Y Chg (%)

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Sales 3Y Avg (%)

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Sales 5Y Avg (%)

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CVX

Chevron

51.4%

321.4%

-6.9%

11.2%

-0.8%

12.4%

48.2%

139.0%

-9.7%

16.4%

-1.8%

1.7%

SHEL

Shell

44.7%

220.0%

-10.3%

9.0%

-6.1%

7.7%

PBR

Petrobras Brasileiro

59.8%

120.3%

-6.0%

20.8%

-2.5%

10.3%

TTE

TotalEnergies

27.8%

106.0%

-7.1%

5.0%

-6.3%

7.0%

Valuation vs Peers

Ticker

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Company

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Valuation Rating vs. Peers

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P/E

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Fwd. P/E

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PEG Trailing

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P/S

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P/B

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5Y P/E Range

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SHEL

Shell

10.3

10.5

0.2

0.9

1.5

4.7

TTE

TotalEnergies

11.1

9.2

0.4

1.0

1.5

5.9

PBR

Petrobras Brasileiro

5.1

0.9

1.2

1.4

1.8

12.4

20.9

9.9

0.5

1.9

4.1

CVX

Chevron

20.1

15.8

0.5

2.0

2.2

8.2

Efficiency vs Peers

Ticker

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Company

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Efficiency Rating vs. Peers

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Gross Margin

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Operating Margin

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Net Margin

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5Y ROE Range

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5Y ROA Range

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PBR

Petrobras Brasileiro

50.8%

35.3%

24.5%

12.6%

52.7%

3.8%

20.3%

TTE

TotalEnergies

30.7%

13.7%

9.1%

10.1%

19.6%

4.1%

7.5%

SHEL

Shell

17.6%

12.8%

8.8%

2.8%

23.2%

1.2%

10.3%

CVX

Chevron

32.4%

12.4%

9.9%

6.0%

22.4%

3.8%

14.3%

20.0%

11.4%

2.5%

-27.6%

36.4%

-6.2%

9.0%

Financial Strength vs Peers

Ticker

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Company

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Financial Str. Rating vs. Peers

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Debt / Equity

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Interest Coverage

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Quick Ratio

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Intangibles %

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Solvency Ratio

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Short % of Float

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CVX

Chevron

0.2

22.5

1.0

1.4%

27%

0.8%

PBR

Petrobras Brasileiro

0.8

9.7

0.3

1.1%

27%

1.0%

SHEL

Shell

0.4

8.8

1.1

6.7%

33%

1.6%

TTE

TotalEnergies

0.5

12.2

0.9

11.4%

22%

0.2%

1.2

4.4

1.0

6.0%

15%

0.3%

Dividends vs Peers

Ticker

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Company

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Dividends Rating vs. Peers

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Fwd. Yield

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TTM Yield

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Price

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Fwd. Div. Per Share

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Consecutive Div. Growth Years

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Payout Ratio

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PBR

Petrobras Brasileiro

7.1%

$20.12

$1.44

29.1%

CVX

Chevron

3.4%

$208.60

$7.12

10+

67.0%

SHEL

Shell

3.3%

$92.95

$3.02

32.4%

TTE

TotalEnergies

4.5%

$88.59

$3.96

48.8%

4.6%

$43.81

$2.02

94.5%

Momentum vs Peers

Ticker

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Company

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Momentum Rating vs. Peers

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1M Return

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3M Return

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6M Return

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YTD Return

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1Y Return

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Beta 1Y

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Volatility 1Y

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Price vs 52‑wk High (%)

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PBR

Petrobras Brasileiro

10.6%

14.7%

26.9%

79.6%

77.4%

-0.18

0.32

90.5%

CVX

Chevron

10.5%

11.7%

14.1%

40.7%

37.5%

-0.48

0.23

97.2%

SHEL

Shell

4.4%

8.1%

14.4%

30.0%

33.3%

-0.02

0.22

98.0%

TTE

TotalEnergies

4.0%

-0.5%

17.9%

38.7%

52.3%

-0.29

0.25

94.1%

4.5%

0.7%

15.5%

30.8%

34.3%

-0.30

0.29

90.8%

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

DIVIDEND DETAIL

CALENDAR YEAR DIVIDEND HISTORY

Year

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Ex-Dividend Date

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Pay Date

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Text

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Amount

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2026 Dividends

$5.34

08/19/26

09/10/26

Regular

$1.78

05/19/26

06/10/26

Regular

$1.78

02/17/26

03/10/26

Regular

$1.78

2025 Dividends

$6.84

11/18/25

12/10/25

Regular

$1.71

08/19/25

09/10/25

Regular

$1.71

05/19/25

06/10/25

Regular

$1.71

02/14/25

03/10/25

Regular

$1.71

2024 Dividends

$6.52

11/18/24

12/10/24

Regular

$1.63

08/19/24

09/10/24

Regular

$1.63

05/16/24

06/10/24

Regular

$1.63

02/15/24

03/11/24

Regular

$1.63

2023 Dividends

$6.04

11/16/23

12/11/23

Regular

$1.51

08/17/23

09/11/23

Regular

$1.51

05/18/23

06/12/23

Regular

$1.51

02/15/23

03/10/23

Regular

$1.51

2022 Dividends

$5.68

11/17/22

12/12/22

Regular

$1.42

08/18/22

09/12/22

Regular

$1.42

05/18/22

06/10/22

Regular

$1.42

02/15/22

03/10/22

Regular

$1.42

UPCOMING DIVIDEND

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Ex-Dividend Date

08/19/26

Payment Date

09/10/26

Amount

$1.78

Type

Regular

DIVIDEND RATE

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Regular Dividend

$1.78

Forward Dividend Rate

$7.12

Forward Dividend Yield

3.4%

Trailing 12 Months Dividends

$7.05

Trailing 12 Months Yield

3.4%

STATISTICS

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Payout Ratio

67.0

Dividend Coverage Ratio

1.5

Consecutive Growth Years

10+

3 Year Growth Rate

5.6%

5 Year Growth Rate

5.8%

10 Year Growth Rate

5.2%

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

FINANCIAL STATEMENT SUMMARY

Income Statement

Revenue

Operating Income

Net income

Earnings per share diluted

Average shares diluted

P/E Ratio

Balance Sheet

Cash

Current assets

Net Property, Plant and Equipment

Working Capital

Net Debt

Stockholders' Equity

Cash Flow

Operating Cash Flow

Cap Ex

Free Cash Flow

Free Cash Flow per share

Profitability

Operating Margin

Return on Assets

Return on Equity

Return on Invested Capital

Dividends

Dividends Per Share

Dividend Yield

Dividend Growth

Dividend Coverage

155,606

235,717

196,913

193,414

184,432

208,711

6.5%

16,180

39,950

26,229

18,917

16,674

25,818

10.5%

15,625

35,465

21,369

17,661

12,299

20,591

6.1%

$8.14

$18.28

$11.36

$9.72

$6.63

$10.39

5.4%

1,920

1,940

1,880

1,817

1,856

1,977

0.6%

22.7

10.2

11.1

15.9

21.4

20.1

-2.6%

5,675

17,901

8,223

6,785

6,297

8,530

9.1%

33,738

50,343

41,128

40,911

38,552

49,136

8.4%

146,961

143,591

153,619

147,799

219,729

215,937

8.6%

6,947

16,135

8,870

2,353

5,165

9,895

7.9%

25,694

5,438

12,613

17,756

34,461

28,545

2.3%

139,067

159,282

160,957

152,318

186,450

189,883

6.9%

29,187

49,602

35,609

31,492

33,939

45,321

9.9%

-8,056

-11,974

-15,829

-16,448

-17,347

-18,309

21,131

37,628

19,780

15,044

16,592

27,012

5.4%

$11.01

$19.40

$10.52

$8.28

$8.94

$13.66

4.7%

10.4%

16.9%

13.3%

9.8%

9.0%

12.4%

3.8%

6.5%

14.3%

8.2%

6.8%

4.2%

6.8%

0.8%

11.2%

22.3%

13.3%

11.6%

6.6%

10.8%

-0.8%

9.3%

20.3%

11.9%

10.1%

6.5%

9.7%

0.9%

$5.31

$5.68

$6.04

$6.52

$6.84

$7.12

6.5%

4.6%

3.2%

4.1%

4.5%

3.4%

-6.0%

7.0%

6.3%

7.9%

4.9%

6.6%

1.5x

3.2x

1.9x

1.5x

1.0x

1.5x

-0.6%

USD in Millions

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Chart

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2021

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2022

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2023

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2024

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2025

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TTM

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CAGR

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VALUATION & PROFITABILITY HISTORY

Date

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TTM

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1 Yr Ago

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2 Yrs. Ago

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3 Yrs. Ago

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4 Yrs. Ago

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Price / Earnings

20.1

18.0

13.1

8.9

14.8

Price / Cash Flow

9.1

9.5

7.5

6.5

9.2

Price / Book

2.2

1.8

1.6

1.9

2.1

Price / Tangible Book

2.2

1.9

1.7

2.0

2.2

Price / Sales

2.0

1.5

1.4

1.7

EV / EBITDA

7.8

7.4

6.9

5.4

5.7

Forward Dividend Yield

3.4%

4.3%

4.6%

3.7%

3.6%

Shareholder Yield

6.1%

10.2%

9.1%

8.8%

5.3%

Gross Margin

32.4%

28.8%

30.1%

31.9%

Net Margin

9.9%

7.3%

9.5%

14.1%

Return on Assets

6.8%

5.3%

7.2%

11.8%

11.9%

Return on Equity

10.8%

9.4%

11.8%

19.1%

18.9%

ROIC

9.7%

8.3%

10.5%

17.1%

16.5%

Chevron (CVX)Energy / Oil & Gas Integrated

StockRover

Stock Report | September 06, 2026

WARNINGS

Name

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Negative Sales Growth Years

Medium

Number of Years: 6; Sales 1Y Chg (%): 11.2%

In the last decade this company has had several years with negative revenue growth. If the top-line sales are shrinking this company could be a value trap that looks inexpensive on some measures but never outperforms the market.

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Quantitative Scores

Our scores analytics is to offer our concise analysis of a stock in powerful, but easy to digest format. Each of the composite score metrics are designed to use the best available accounting practices as well as source data from SEC filings. The scores are computed for a company vs. the market as a whole.

Fair Value

Fair value performs a forecasted discounted cash flow analysis of a company to determine the company's intrinsic value based on the expected future cash flows the company will produce. It basically determines what a company is worth based on how much cash flow it is expected to generate for you in the future, taking into account the time value of money and the predictability of those forecasted cash flows.

Peers

Peer ratings are computed from ranking companies in the same industry group. The selection of peers shown in the tables above are chosen from the same industry and closest proximity of revenue.

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Additional data provided by Zacks, Intrinio, Quandl, Yodlee, IEX Cloud

Chevron (CVX) Research Report — September 06, 2026

ANALYST CONSENSUS

QUANTITATIVE SCORES

BUSINESS SUMMARY

VALUATION SUMMARY

GROWTH SUMMARY

PEERS ANALYSIS SUMMARY

PROFITABILITY SUMMARY

RETURNS SUMMARY

DIVIDEND

DEBT & EQUITY

ANALYST REVISIONS

MEAN ESTIMATE TREND

EARNINGS SURPRISES

RISK

SEASONALITY

5-YEAR RELATIVE PERFORMANCE VS S&P 500

Growth vs Peers

Valuation vs Peers

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DIVIDEND DETAIL

Returns

CALENDAR YEAR DIVIDEND HISTORY

UPCOMING DIVIDEND

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FINANCIAL STATEMENT SUMMARY

VALUATION & PROFITABILITY HISTORY

WARNINGS

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