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Chevron Corporation

NYSE•CVX
CEO: Mr. Michael K. Wirth
Sector: Energy
Industry: Oil & Gas Integrated
Listing Date: 1921-06-24
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels, commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives; and transports crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California.
Contact Information
6001 Bollinger Canyon Road, San Ramon, CA, 94583-2324, United States
925-842-1000
www.chevron.com
Market Cap
$371.88B
P/E (TTM)
30.1
43.2
Dividend Yield
3.7%
52W High
$191.56
52W Low
$132.04
52W Range
91%
Rank32Top 23.6%
4.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$45.79B-5.27%
4-Quarter Trend

EPS

$1.39-24.04%
4-Quarter Trend

FCF

$5.38B+23.55%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Upstream Earnings Drive Results Upstream segment earnings reached $12.82B USD in 2025, driven by Hess acquisition and Permian growth, despite lower liquids realization.
Operating Cash Flow Increased Cash from operating activities provided $33.94B USD, up from $31.49B USD in 2024, supporting capital spending and dividends.
Dividend Increased Thirty-Eighth Year Annual dividend payout increased to $6.84 USD per share in 2025, marking 38 consecutive years of dividend growth.
Proved Reserves Increased Total proved reserves reached 10.6 billion BOE at year-end 2025, eight percent higher than 2024, boosted by Hess acquisition.

Risk Factors

Commodity Price Volatility Risk Earnings heavily depend on crude oil and natural gas prices, which are outside control, impacting upstream profitability and asset values.
GHG Regulation Increases Costs Evolving legislation targeting GHG emissions could increase operational costs and reduce demand for hydrocarbon products globally.
Hess Acquisition Synergy Realization Success depends on realizing anticipated run-rate synergies and managing operational challenges post-closing in July 2025.
Evolving Cybersecurity Threats Sophisticated criminal and state-sponsored cyberattacks pose risks to IT/OT networks, potentially disrupting operations and causing financial harm.

Outlook

Production Growth Forecast Worldwide oil-equivalent production projected to increase 7 to 10 percent in 2026, including full-year Hess contribution.
Structural Cost Reduction Goal Plans announced to achieve $3-4 billion in structural cost reductions by the end of 2026 through portfolio optimization.
Capex Focused on Upstream Growth 2026 organic Capex projected at $17 billion, heavily allocated to U.S. shale and global offshore developments.
Growing New Energies Businesses Leveraging capabilities to grow oil/gas business while expanding new energies, including lithium exploration and data center power.

Peer Comparison

Revenue (TTM)

XOM stock ticker logoXOM
$323.91B
-4.5%
SHEL stock ticker logoSHEL
$266.38B
-6.3%
BP stock ticker logoBP
$189.34B
+0.1%

Gross Margin (Latest Quarter)

SU stock ticker logoSU
61.0%
+16.4pp
PBR stock ticker logoPBR
47.8%
-3.6pp
IMO stock ticker logoIMO
41.7%
+2.2pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
XOM$624.39B22.511.0%15.6%
CVX$371.88B30.17.3%14.4%
SHEL$237.35B13.210.1%28.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.3%
Flat Growth
4Q Net Income CAGR
-7.6%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 24, 2026
|
EPS:$1.51
|
Revenue:$45.48B
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data