CHEVRON CORP CVX
Last close
208.60
2026-09-04
Market cap
$412.15B
2026-06-30 share count
52-week range
146.49 - 214.71
Valuation FY2025 figures against the last close
P/S2.2x
P/E31.5x
P/FCF24.8x
EV/EBITDA—
Dividend yield3.1%
Diluted EPS6.63
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $184.43B | $193.41B | $196.91B | $235.72B | $155.61B | $94.47B | $139.87B | $158.90B | $134.67B | $110.22B |
| Cost of revenue | $108.21B | $119.21B | $119.20B | $145.42B | $92.25B | $52.15B | $80.11B | $94.58B | $75.77B | $59.32B |
| Gross profit | $76.22B | $74.21B | $77.72B | $90.30B | $63.36B | $42.32B | $59.75B | $64.32B | $58.91B | $50.89B |
| R&D | $427.0M | $353.0M | $320.0M | $268.0M | $268.0M | $435.0M | $500.0M | $453.0M | $433.0M | $476.0M |
| SG&A | $5.13B | $4.83B | $4.14B | $4.31B | $4.01B | $4.21B | $4.14B | $3.84B | $4.11B | $4.30B |
| Total operating expenses | $169.29B | $175.29B | $171.37B | $196.58B | $140.83B | $102.14B | $140.98B | $145.76B | $132.50B | $116.63B |
| Pre-tax income | $19.74B | $27.51B | $29.58B | $49.67B | $21.64B | -$7.45B | $5.54B | $20.57B | $9.22B | -$2.16B |
| Income tax | $7.26B | $9.76B | $8.17B | $14.07B | $5.95B | $1.89B | $2.69B | $5.71B | $48.0M | $1.73B |
| Net income | $12.30B | $17.70B | $21.40B | $35.50B | $15.60B | -$5.54B | $2.92B | $14.82B | $9.20B | -$497.0M |
| EPS, basic | 6.65 | 9.76 | 11.41 | 18.36 | 8.15 | -2.96 | 1.55 | 7.81 | 4.88 | -0.27 |
| EPS, diluted | 6.63 | 9.72 | 11.36 | 18.28 | 8.14 | -2.96 | 1.54 | 7.74 | 4.85 | -0.27 |
| Shares, diluted (wtd. avg.) | $1.86B | $1.82B | $1.88B | $1.94B | $1.92B | $1.87B | $1.90B | $1.91B | $1.90B | $1.87B |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.29B | $8.26B | $9.28B | $19.12B | $6.79B | $6.74B | $6.91B | $10.48B | $5.94B | $8.41B |
| Short-term investments | $0 | $0 | $45.0M | $223.0M | $35.0M | $31.0M | $63.0M | $53.0M | $9.0M | $13.0M |
| Receivables | $15.99B | $18.34B | $17.64B | $18.20B | $16.40B | $9.50B | — | — | — | — |
| Inventory | $9.71B | $9.07B | $8.61B | $8.25B | $6.79B | $5.68B | $5.85B | $5.70B | $5.58B | $5.42B |
| Total current assets | $38.55B | $40.91B | $41.13B | $50.34B | $33.74B | $26.08B | $28.33B | $34.02B | $28.56B | $29.62B |
| Property, plant and equipment | — | — | — | — | — | $156.62B | $150.49B | $169.21B | $177.71B | $182.19B |
| Goodwill | $4.57B | $4.58B | $4.72B | $4.72B | $4.38B | $4.40B | $4.46B | $4.52B | $4.53B | $4.58B |
| Total assets | $324.01B | $256.94B | $261.63B | $257.71B | $239.53B | $239.79B | $237.43B | $253.86B | $253.81B | $260.08B |
| Accounts payable | $19.28B | $22.08B | $20.42B | $18.95B | $16.45B | $10.95B | $14.10B | $13.95B | $14.56B | $13.99B |
| Short-term debt | $2.35B | $4.01B | $1.65B | $2.69B | $4.95B | $2.60B | $5.05B | $5.00B | $6.72B | $6.25B |
| Total current liabilities | $33.39B | $38.56B | $32.26B | $34.21B | $26.79B | $22.18B | $26.53B | $27.17B | $27.74B | $31.79B |
| Long-term debt | — | — | — | — | $25.68B | $25.68B | $18.73B | $23.73B | $30.23B | $35.19B |
| Total liabilities | $131.84B | $103.78B | $99.70B | $97.47B | $99.59B | $107.06B | $92.22B | $98.22B | $104.49B | $113.36B |
| Retained earnings | $205.37B | $205.85B | $200.03B | $190.02B | $165.55B | $160.38B | $174.94B | $180.99B | $174.11B | $173.05B |
| Total equity | $186.45B | $152.32B | $161.93B | $160.24B | $139.94B | $132.73B | $145.21B | $155.64B | $149.32B | $146.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $33.94B | $31.49B | $35.61B | $49.60B | $29.19B | $10.58B | $27.31B | $30.62B | $20.34B | $12.69B |
| Depreciation and amortisation | $20.13B | $17.28B | $17.33B | $16.32B | $17.93B | $19.51B | $29.22B | $19.42B | $19.35B | $19.46B |
| Capital expenditure | $17.35B | $16.45B | $15.83B | $11.97B | $8.06B | $8.92B | $14.12B | $13.79B | $13.40B | $18.11B |
| Investing cash flow | -$15.91B | -$8.94B | -$15.23B | -$12.11B | -$5.87B | -$6.96B | -$11.46B | -$12.29B | -$8.32B | -$16.37B |
| Financing cash flow | -$19.06B | -$23.47B | -$30.11B | -$24.98B | -$23.11B | -$3.74B | -$19.76B | -$13.70B | -$14.55B | $25.0M |
| Dividends paid | $12.75B | $11.80B | $11.34B | $10.97B | $10.18B | $9.65B | $8.96B | $8.50B | $8.13B | $8.03B |
| Buybacks | $12.08B | $15.23B | $14.94B | $11.26B | $1.38B | $1.76B | $4.04B | $1.75B | $1.0M | $2.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145617.
Others in SIC 2911
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| COP | CONOCOPHILLIPS | $161.29B | 21.1x | 4.9% |
| MPC | Marathon Petroleum Corp | $109.21B | 29.4x | -4.4% |
| VLO | VALERO ENERGY CORP/TX | $106.74B | 49.0x | -5.5% |
| PSX | Phillips 66 | $101.79B | 23.6x | -7.5% |
| IMO | IMPERIAL OIL LTD | $62.20B | — | — |
| PBF | PBF Energy Inc. | $8.80B | — | -11.4% |
| IEP | ICAHN ENTERPRISES L.P. | $4.85B | — | -3.6% |
| CLMT | Calumet, Inc. /DE | $4.67B | — | -1.2% |