Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 227,869 162,594 226,214 347,069 280,726 279,933 279,933 -
Change - -28.65% 39.13% 53.43% -19.12% -0.28% 0% -
Enterprise Value (EV) 1 249,119 201,282 251,908 352,507 293,339 278,047 307,984 309,074
Change - -19.2% 25.15% 39.93% -16.78% -5.21% 2.75% 0.35%
P/E ratio 78.3x -28.5x 14.4x 9.82x 13.1x 14.9x 15x 12x
PBR 1.58x 1.2x 1.62x 2.18x 1.74x 1.73x 1.83x 1.77x
PEG - 0x -0x 0x -0.3x -1x 4.38x 0.5x
Capitalization / Revenue 1.56x 1.72x 1.39x 1.41x 1.4x 1.28x 1.44x 1.35x
EV / Revenue 1.7x 2.13x 1.55x 1.43x 1.46x 1.37x 1.59x 1.5x
EV / EBITDA 6.86x 14.1x 6.17x 5.22x 6.07x 6.13x 6.52x 5.51x
EV / EBIT 39.3x -29.8x 11.3x 7.02x 9.76x 9.89x 11x 9.24x
EV / FCF 18.9x 118x 11.2x 9.93x 14.8x 18.5x 13.8x 11.4x
FCF Yield 5.3% 0.84% 8.93% 10.1% 6.75% 5.39% 7.25% 8.78%
Dividend per Share 2 4.76 5.16 5.31 5.68 6.04 6.506 6.859 7.18
Rate of return 3.95% 6.11% 4.52% 3.16% 4.05% 4.18% 4.4% 4.61%
EPS 2 1.54 -2.96 8.14 18.28 11.36 9.72 10.39 13
Distribution rate 309% -174% 65.2% 31.1% 53.2% 64.8% 66% 55.2%
Net sales 1 146,516 94,692 162,465 246,252 200,949 202,792 194,214 206,722
EBITDA 1 36,322 14,289 40,825 67,483 48,293 45,382 47,243 56,097
EBIT 1 6,334 -6,756 22,351 50,190 30,053 28,100 28,013 33,467
Net income 1 2,924 -5,543 15,625 35,465 21,369 17,661 18,214 22,638
Net Debt 1 21,250 38,688 25,694 5,438 12,613 17,756 28,051 29,141
Reference price 2 120.51 84.45 117.35 179.49 149.16 155.77 155.77 155.77
Nbr of stocks (in thousands) 1,890,872 1,925,323 1,927,686 1,933,639 1,882,048 1,797,091 1,797,091 -
Announcement Date 1/31/20 1/29/21 1/28/22 1/27/23 2/2/24 1/31/25 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

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P/E ratio (Y) EV / Sales (Y) EV / EBITDA (Y) Yield (Y) Capi.($)
15.51x1.51x6.73x4.18% 280B
16.69x3.83x7.61x6.58% 1,791B
10.68x0.82x3.74x4.26% 200B
6.29x0.46x2.93x8.04% 199B
8.4x0.79x3.85x5.58% 136B
5.53x1.5x3.04x19.11% 86.17B
7.73x0.69x1.77x10.73% 66.21B
10.79x1.54x4.63x3.92% 49.03B
9.87x0.69x3.24x7.19% 44.09B
Average 10.16x 1.31x 4.17x percentage-no-prefix 316.79B
Weighted average by Cap. 14.28x 2.78x 6.35x percentage-no-prefix
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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