Saturday 17 October 2026
Export CVX’s income statement to Excel — free account
Chevron Corporation
CVX Energy Oil & Gas Integrated
Chevron Corporation’s revenue for fiscal 2025 (year ended December 2025) was $189.0 billion, down 6.79% from fiscal 2024. In the quarter to June 2026, revenue grew 56.3%, EPS grew 322.8%, free cash flow grew 272.0% and total debt rose 25.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years.
224.99
5.67
+2.59%
Follow CVX
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 26.14 | 13.93 | 77.75 | 0.00 | 14.40 | 9.48 | 13.10 | 14.84 | 22.82 |
Piotroski F-Score |
2 | 7 | 8 | 6 | 4 | 7 | 7 | 5 | 7 | 5 |
P/S ratio |
1.93 | 1.70 | 1.24 | 1.55 | 1.67 | 1.38 | 1.36 | 1.39 | 1.29 | 1.49 |
Altman Z-Score |
2.50 | 3.00 | 3.22 | 3.22 | 2.14 | 3.34 | 4.84 | 3.94 | 3.80 | 2.99 |
Altman Z″-Score (non-manufacturers) |
3.42 | 4.01 | 4.73 | 4.28 | 3.40 | 4.55 | 5.85 | 5.19 | 4.96 | 4.14 |
P/FCF ratio |
0.00 | 34.65 | 12.27 | 17.18 | 95.42 | 10.64 | 8.93 | 14.15 | 17.43 | 16.98 |
Beneish M-Score |
(2.53) | (2.52) | (2.71) | (3.06) | (2.95) | (2.02) | (2.40) | (2.70) | (2.76) | (3.01) |
P/Operating CF |
59.54 | 39.43 | 22.55 | 40.09 | 70.56 | 23.77 | 26.88 | 22.52 | 30.15 | 26.12 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 42 |
P/B ratio |
1.50 | 1.61 | 1.33 | 1.56 | 1.19 | 1.61 | 2.10 | 1.73 | 1.71 | 1.47 |
Price to Tangible BV |
1.55 | 1.66 | 1.37 | 1.61 | 1.23 | 1.66 | 2.16 | 1.78 | 1.76 | 1.50 |
EV/Sales |
2.27 | 1.93 | 1.39 | 1.69 | 2.08 | 1.54 | 1.39 | 1.46 | 1.38 | 1.67 |
EV/EBITDA |
14.85 | 9.49 | 5.66 | 6.98 | 15.42 | 6.22 | 5.13 | 6.18 | 6.17 | 7.70 |
EV/Operating CF |
20.48 | 13.48 | 7.53 | 9.08 | 18.59 | 8.58 | 6.88 | 8.22 | 8.89 | 9.32 |
EV/FCF |
(47.95) | 39.54 | 13.70 | 18.79 | 118.80 | 11.86 | 9.07 | 14.79 | 18.61 | 19.06 |
Quick Ratio |
0.66 | 0.73 | 0.93 | 0.72 | 0.77 | 0.90 | 1.12 | 0.87 | 0.71 | 0.73 |
Current Ratio |
0.93 | 1.03 | 1.25 | 1.07 | 1.18 | 1.26 | 1.47 | 1.28 | 1.06 | 1.15 |
Net Debt/EBITDA |
2.24 | 1.18 | 0.59 | 0.60 | 3.03 | 0.64 | 0.08 | 0.27 | 0.39 | 0.84 |
Debt/Assets |
17.74% | 15.27% | 13.57% | 11.36% | 18.48% | 13.10% | 9.06% | 7.96% | 9.55% | 12.58% |
Debt/Equity |
0.31 | 0.26 | 0.22 | 0.19 | 0.33 | 0.22 | 0.15 | 0.13 | 0.16 | 0.21 |
Asset Turnover |
0.44 | 0.55 | 0.66 | 0.60 | 0.40 | 0.68 | 0.99 | 0.77 | 0.78 | 0.65 |
Operating CF/Net income |
(25.53) | 2.21 | 2.07 | 9.34 | (1.91) | 1.87 | 1.40 | 1.67 | 1.78 | 2.76 |
Capex/Depreciation |
(0.93) | (0.69) | (0.71) | (0.48) | (0.46) | (0.45) | (0.73) | (0.91) | (0.95) | (0.86) |
Interest Coverage |
(9.75) | 31.04 | 28.51 | 7.94 | (9.69) | 31.39 | 97.27 | 64.08 | 47.31 | 17.22 |
| (0.33%) | 6.21% | 9.72% | 1.94% | (3.99%) | 11.46% | 23.63% | 13.27% | 11.21% | 7.12% | |
| (0.19%) | 3.58% | 5.84% | 1.19% | (2.32%) | 6.52% | 14.26% | 8.23% | 6.81% | 4.23% | |
ROIC |
(0.73%) | 3.14% | 7.15% | 2.08% | (2.72%) | 8.17% | 18.74% | 10.59% | 10.06% | 5.44% |
Return on Tangible Assets |
(0.28%) | 5.15% | 8.42% | 1.92% | (3.45%) | 10.15% | 22.20% | 13.15% | 11.76% | 5.47% |
Average Days of Receivables |
44.93 | 39.54 | 33.02 | 33.20 | 44.22 | 41.38 | 30.32 | 36.18 | 37.23 | 34.90 |
Research and Development Expense of Revenue |
0.90% | 0.61% | 0.73% | 0.53% | 1.62% | 0.34% | 0.40% | 0.45% | 0.49% | 0.56% |
Selling, General and Administrative Expense of Revenue |
3.76% | 2.90% | 2.31% | 2.83% | 4.45% | 2.47% | 1.75% | 2.06% | 2.38% | 2.71% |
Intangible Assets out of Total Assets |
0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.38) | (0.32) | (0.31) | (0.28) | (0.51) | (0.29) | (0.14) | (0.21) | (0.24) | (0.33) |
Graham Number |
0.00 | 93.31 | 120.07 | 51.87 | 0.00 | 115.73 | 185.15 | 148.98 | 136.32 | 124.99 |
Earnings Yield |
(0.23%) | 3.83% | 7.18% | 1.29% | (3.51%) | 6.95% | 10.55% | 7.63% | 6.74% | 4.38% |
Free Cash Flow Yield |
(2.46%) | 2.89% | 8.15% | 5.82% | 1.05% | 9.40% | 11.20% | 7.06% | 5.74% | 5.89% |
Revenue per Share |
61.12 | 75.26 | 87.69 | 77.85 | 50.64 | 84.79 | 127.53 | 107.29 | 112.04 | 102.23 |
Operating CF per Share |
6.78 | 10.80 | 16.14 | 14.51 | 5.66 | 15.23 | 25.69 | 19.01 | 17.40 | 18.36 |
Capex per Share |
(9.67) | (7.12) | (7.27) | (7.50) | (4.77) | (4.20) | (6.20) | (8.45) | (9.09) | (9.38) |
Free Cash Flow per Share |
(2.89) | 3.68 | 8.87 | 7.01 | 0.89 | 11.03 | 19.49 | 10.56 | 8.31 | 8.97 |
Cash per Share |
3.74 | 2.56 | 5.45 | 3.05 | 3.01 | 2.96 | 9.27 | 4.39 | 3.75 | 3.41 |
Shareholders Equity per Share |
78.34 | 79.30 | 82.05 | 77.16 | 70.98 | 73.04 | 82.98 | 86.45 | 84.62 | 103.94 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
78.34 | 79.30 | 82.05 | 77.16 | 70.98 | 73.04 | 82.98 | 86.45 | 84.62 | 103.94 |
Free Cash Flow |
(5,419.00) | 6,934.00 | 16,826.00 | 13,198.00 | 1,655.00 | 21,131.00 | 37,628.00 | 19,780.00 | 15,044.00 | 16,592.00 |
Working Capital |
(2,166.00) | 823.00 | 6,850.00 | 1,799.00 | 3,895.00 | 6,947.00 | 16,135.00 | 8,870.00 | 2,353.00 | 5,165.00 |
Capital Expenditures |
(18,109.00) | (13,404.00) | (13,792.00) | (14,116.00) | (8,922.00) | (8,056.00) | (11,974.00) | (15,829.00) | (16,448.00) | (17,347.00) |
Net Current Asset Value |
(83,737.00) | (75,927.00) | (64,200.00) | (63,891.00) | (80,986.00) | (65,857.00) | (47,124.00) | (58,575.00) | (62,870.00) | (93,284.00) |
EV/EBIT |
0.00 | 28.78 | 10.81 | 39.16 | 0.00 | 11.21 | 6.80 | 9.74 | 9.96 | 15.09 |
Capex to Sales |
0.16 | 0.09 | 0.08 | 0.10 | 0.09 | 0.05 | 0.05 | 0.08 | 0.08 | 0.09 |
Price to Operating Income |
0.00 | 26.05 | 10.03 | 40.97 | 0.00 | 10.39 | 6.76 | 9.46 | 9.53 | 14.27 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.11 | 0.11 | 0.11 | 0.19 | 0.12 | 0.12 | 0.11 | 0.11 | 0.12 | 0.09 |
Cash ROIC |
(2.71%) | 3.59% | 8.39% | 7.42% | 0.91% | 11.94% | 18.68% | 10.36% | 8.15% | 6.94% |
Accounts Receivable Turnover |
8.49 | 9.63 | 10.94 | 10.33 | 7.64 | 10.87 | 12.67 | 9.95 | 9.99 | 9.75 |
Accounts Payable Turnover |
5.16 | 6.17 | 6.97 | 6.01 | 4.39 | 7.02 | 8.44 | 6.27 | 5.83 | 5.49 |
Inventory Turnover |
12.08 | 16.01 | 17.62 | 14.59 | 9.54 | 15.43 | 19.87 | 14.64 | 14.01 | 12.08 |
Average Days of Payables |
71.91 | 60.35 | 51.21 | 61.10 | 72.69 | 62.42 | 46.29 | 60.40 | 65.03 | 62.03 |
Days of Inventory on Hand |
27.86 | 23.14 | 20.94 | 25.34 | 37.68 | 25.78 | 20.14 | 25.47 | 26.73 | 31.24 |
Average Receivables |
13,476.00 | 14,722.50 | 15,201.50 | 14,187.50 | 12,398.00 | 14,945.00 | 19,437.50 | 20,188.50 | 20,302.50 | 19,379.50 |
Average Payables |
13,751.00 | 14,275.50 | 14,259.00 | 14,028.00 | 12,526.50 | 13,702.00 | 17,704.50 | 19,689.00 | 21,251.00 | 20,679.50 |
Average Inventory |
5,876.50 | 5,502.00 | 5,644.50 | 5,776.00 | 5,762.00 | 6,235.50 | 7,521.00 | 8,429.50 | 8,843.00 | 9,392.50 |
Average Assets |
262,309.00 | 256,942.00 | 253,834.50 | 245,645.50 | 238,609.00 | 239,662.50 | 248,622.00 | 259,670.50 | 259,285.00 | 290,475.00 |
Average Common Equity |
150,304.00 | 148,020.50 | 152,480.50 | 150,425.00 | 138,967.00 | 136,333.00 | 150,091.00 | 161,085.50 | 157,543.00 | 172,666.50 |
Columns are period end dates