US · USD

CVX

Chevron Corp

$204.21-0.08% (-$0.17)Updated 9/30/26, 5:05 PM

Day's range: $204.21 – $206.83
Day's volume: $1.3B
52-week range: $142.76 – $217.77

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CVX in numbers

Market cap: $403.5B

P/E: 19.59

P/B: 2.12

Dividend yield (12m): 3.45%

The 12-month dividend yield of CVX is 3.45%, below its 5-year average of 4.15%.

CVX price history

10/01/202509/30/2026

Compare with

CVX risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+34.58%	+58.86%	+117.95%
Volatility (annualized)	30.71%	24.68%	28.37%
Largest drawdown	-19.15%	-19.15%	-19.15%
Positive months	6/12	22/36	35/60

How much did investing in CVX return?

Amount invested

$1,000.00 invested on 10/01/2021 would be worth $2,179.54 today.

Value today in CVX: $2,179.54

Return over the period: +117.95%

Return per year: +16.87%

In the S&P 500: $1,661.44

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

CVX fundamentals

Valuation

P/E
19.59
P/B
2.12
EV/EBITDA
—
EV/EBIT
—
EV/Revenue
1.94
P/EBIT
—
P/S
1.93
P/OCF
8.90
P/FCF
—
Earnings yield
—
PEG ratio
—
Earnings per share
$10.42
Book value per share
$96.11

Debt

Net debt
$401M
Net debt/EBITDA
—
Net debt/Equity
0.00
Debt/Equity
0.00
Current ratio
1.25
Quick ratio
0.98
Cash ratio
—

Efficiency

Gross margin
43.65%
EBITDA margin
—
Operating margin
—
Net margin
9.87%
Asset turnover
0.63

Profitability

ROE
10.84%
ROA
6.24%
ROIC
—
Payout
67.64%

Growth

Revenue CAGR (5 years)
12.46%
Earnings CAGR (5 years)
41.84%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is CVX's fair price?

Two classic value formulas, with today's numbers. The current price is $204.21.

Graham's fair price: $150.12; 26.49% below the price

√(22.50 × $10.42 × $96.11)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $101.30; 50.39% below the price

$6.08 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

CVX's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	24.72	14.41	12.95	9.64	14.65	-29.35	77.45	13.94
P/B	1.63	1.67	1.72	2.15	1.64	1.24	1.57	1.34
Dividend yield	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%
Earnings per share	$6.16	$10.05	$11.52	$18.62	$8.01	-$2.88	$1.56	$7.80
Book value per share	$93.44	$86.51	$86.66	$83.54	$71.41	$68.36	$76.74	$81.34
ROE	6.60%	11.62%	13.30%	22.29%	11.22%	-4.21%	2.03%	9.59%
Gross margin	41.33%	38.37%	39.47%	38.31%	40.72%	44.80%	42.72%	40.48%
Net margin	6.67%	9.15%	10.87%	15.06%	10.03%	-5.87%	2.09%	9.33%

CVX's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$184.4B	$193.4B	$196.9B	$235.7B	$155.6B	$94.5B
Cost of revenue	-$108.2B	-$119.2B	-$119.2B	-$145.4B	-$92.2B	-$52.1B
Gross profit	$76.2B	$74.2B	$77.7B	$90.3B	$63.4B	$42.3B
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$19.7B	$27.5B	$29.6B	$49.7B	$21.6B	-$7.5B
Income tax	-$7.3B	-$9.8B	-$8.2B	-$14.1B	-$6B	$1.9B
Net income	$12.3B	$17.7B	$21.4B	$35.5B	$15.6B	-$5.5B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does CVX pay dividends?

Dividend yield per year

3.45%2017
4.12%2018
3.95%2019
6.11%2020
4.52%2021
3.16%2022
4.05%2023
4.50%2024
4.49%2025
2.61%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	08/18/2026	09/10/2026	$1.78
Dividend	05/18/2026	06/10/2026	$1.78
Dividend	02/16/2026	03/10/2026	$1.78
Dividend	11/17/2025	12/10/2025	$1.71
Dividend	08/18/2025	09/10/2025	$1.71
Dividend	05/16/2025	06/10/2025	$1.71
Dividend	02/13/2025	03/10/2025	$1.71
Dividend	11/15/2024	12/10/2024	$1.63
Dividend	08/16/2024	09/10/2024	$1.63
Dividend	05/15/2024	06/10/2024	$1.63
Dividend	02/14/2024	03/11/2024	$1.63
Dividend	11/15/2023	12/11/2023	$1.51

See all 40 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	08/16/2023	09/11/2023	$1.51
Dividend	05/17/2023	06/12/2023	$1.51
Dividend	02/14/2023	03/10/2023	$1.51
Dividend	11/16/2022	12/12/2022	$1.42
Dividend	08/17/2022	09/12/2022	$1.42
Dividend	05/17/2022	06/10/2022	$1.42
Dividend	02/14/2022	03/10/2022	$1.42
Dividend	11/16/2021	12/10/2021	$1.34
Dividend	08/17/2021	09/10/2021	$1.34
Dividend	05/17/2021	06/10/2021	$1.34
Dividend	02/15/2021	03/10/2021	$1.29
Dividend	11/16/2020	12/10/2020	$1.29
Dividend	08/17/2020	09/10/2020	$1.29
Dividend	05/15/2020	06/10/2020	$1.29
Dividend	02/13/2020	03/10/2020	$1.29
Dividend	11/14/2019	12/10/2019	$1.19
Dividend	08/15/2019	09/10/2019	$1.19
Dividend	05/15/2019	06/10/2019	$1.19
Dividend	02/13/2019	03/11/2019	$1.19
Dividend	11/14/2018	12/10/2018	$1.12
Dividend	08/15/2018	09/10/2018	$1.12
Dividend	05/16/2018	06/11/2018	$1.12
Dividend	02/14/2018	03/12/2018	$1.12
Dividend	11/15/2017	12/11/2017	$1.08
Dividend	08/15/2017	09/11/2017	$1.08
Dividend	05/16/2017	06/12/2017	$1.08
Dividend	02/13/2017	03/10/2017	$1.08
Dividend	11/15/2016	12/12/2016	$1.08

About Chevron

Sector: Manufacturing

Questions about CVX

How much is CVX today?

CVX is at $204.21 (-0.08% on the day), last traded on 09/30/2026.

How much did CVX pay in dividends in 2025?

CVX paid $6.84 per share in 2025, a dividend yield of 4.49%.

What are the P/E and P/B of CVX?

CVX trades at a P/E of 19.59 and a P/B of 2.12.

How much did CVX return in 12 months?

CVX returned 34.58% in 12 months, with annualized volatility of 30.71% and a largest drawdown of -19.15%.