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Chevron Corporation

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
$332.41B
P/E (TTM)
23.4
18.1
Dividend Yield
4.1%
52W High
$169.37
52W Low
$132.04
52W Range
92%
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

Q3 2025 Data

Revenue

$48.17B-1.55%
4-Quarter Trend

EPS

$1.83-26.51%
4-Quarter Trend

FCF

$4.67B-16.84%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Operating Cash Flow Operating cash flow reached $23.15 B for nine months 2025, showing modest increase over prior year period.
Downstream Earnings Increased Downstream segment earnings grew to $2.20 B for nine months 2025, driven by higher refined product margins.
Production Volume Rises Net oil-equivalent production averaged 3.61 million barrels per day for nine months 2025, increasing 8 percent.
Total Assets Increase Total Assets grew to $326.50 B by September 30, 2025, reflecting significant impact from Hess acquisition.

Risk Factors

Upstream Earnings Decline Upstream earnings fell $4.51 B for nine months 2025 due to lower crude oil realizations and affiliate earnings.
Benchmark Prices Weakened Brent crude averaged $71 per barrel for nine months 2025, weakening slightly in Q3 due to increased OPEC+ production.
Climate Litigation Exposure Climate change lawsuits present material adverse effect risk; Plaquemines Parish verdict of $744.6M is currently stayed.
Hess Integration Costs Hess acquisition integration incurred $250 million loss impact in Q3 2025, including $166 million restructuring accrual.

Outlook

Asset Sales Target Set Targeting $10 B to $15 B in asset sales over five-year period ending 2028 to augment financial performance.
Structural Cost Reductions Plans announced to achieve $2 B to $3 B in structural cost reductions by end of 2026 through portfolio optimization.
Debt Management Maintained Total debt stands at $41.5 B post-Hess assumption; company maintains high-quality AA- debt ratings.
Lower Carbon Guidance Dropped Forward-looking guidance for planned lower carbon capital spend will no longer be provided due to market conditions.

Peer Comparison

Revenue (TTM)

Exxon Mobil CorporationXOM
$324.92B
-4.4%
Shell plcSHEL
$268.66B
-9.5%
Chevron CorporationCVX
$188.49B
-2.8%

Gross Margin (Latest Quarter)

Suncor Energy Inc.SU
60.3%
+16.4pp
Petróleo Brasileiro S.A. - PetrobrasPBR
47.8%
-3.6pp
Equinor ASAEQNR
33.8%
-5.5pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
XOM$547.77B18.811.4%9.3%
CVX$332.41B23.48.0%12.7%
SHEL$215.73B14.78.2%19.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.1%
Flat Growth
4Q Net Income CAGR
3.0%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 30, 2026
|
EPS:$1.48
|
Revenue:$48.22B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $48.17B-1.5%
    |
    EPS: $1.83-26.5%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $44.38B-10.5%
    |
    EPS: $1.45-40.3%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $47.61B+2.2%
    |
    EPS: $2.01-32.8%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $193.41B-1.8%
    |
    EPS: $9.76-14.5%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $48.93B-5.8%
    |
    EPS: $2.49-28.4%
    Meet
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $49.57B+5.0%
    |
    EPS: $2.43-24.5%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 2, 2024|
    Revenue: $46.58B-4.6%
    |
    EPS: $2.99-14.1%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 26, 2024|
    Revenue: $196.91B-16.5%
    |
    EPS: $11.41-37.9%
    Miss