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.
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Chevron Corporation (CVX) EV/EBITDA
As of 16 October 2026, Chevron Corporation (CVX) trades at a EV/EBITDA of 8.5×. Over the past ten years it has ranged from 3.5× (March 2020) to 23.1× (May 2021); the current reading is higher than 68% of that period. That is above the Oil & Gas Integrated industry median of 4.9× and above the Energy sector median of 6.9×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 7.7× | 24.78% |
| FY2024 | 6.2× | (0.12%) |
| FY2023 | 6.2× | 20.30% |
| FY2022 | 5.1× | (17.48%) |
| FY2021 | 6.2× | (59.65%) |
| FY2020 | 15.4× | 121.00% |
| FY2019 | 7.0× | 23.32% |
| FY2018 | 5.7× | (40.42%) |
| FY2017 | 9.5× | (36.07%) |
| FY2016 | 14.9× | 96.82% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 6.4× | (41.43%) |
| Mar 2026 | 10.9× | 41.59% |
| Dec 2025 | 7.7× | (4.68%) |
| Sep 2025 | 8.1× | 21.25% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| EQNR Equinor ASA compare | 2.6× |
| BP BP p.l.c. compare | 3.6× |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 3.8× |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 4.2× |
| SHEL Shell PLC Unsponsored ADR compare | 4.7× |
| TTE TotalEnergies SE Sponsored ADR compare | 5.6× |
| CVX Chevron Corporation | 8.5× |
| E Eni SpA compare | 8.7× |
| XOM ExxonMobil Holdings Corporation compare | 10.1× |
| Oil & Gas Integrated industry median | 4.9× |
| Energy sector median | 6.9× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on CVX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement