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.

Revenue
+36.3%
EPS
+180.6%
Free cash flow
+142.9%
Total debt
+25.8%

Quarter to September 2026, against a year earlier

212.54 0.39 −0.18%
Market cap
$415.4B
P/E
15.4×
Fwd P/E
13.3×
Dividend yield
3.32%
F-score
5/9
Altman Z
2.99
Beneish M
−3.01
Dividend safety
42/100

Chevron Corporation (CVX) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, Chevron Corporation (CVX) trades at a EV/EBITDA of 8.0×. Over the past ten years it has ranged from 3.5× (March 2020) to 23.1× (May 2021); the current reading is higher than 63% of that period. That is above the Oil & Gas Integrated industry median of 4.1× and above the Energy sector median of 6.1×.

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
Sep 2026 7.7× 20.58%
Jun 2026 6.4× (41.43%)
Mar 2026 10.9× 41.59%
Dec 2025 7.7× (4.68%)
43 more quarters

Against its own ten years

Low 3.5× High 23.1×
Ten-year median 7.0×
Current reading's percentile 63

EV/EBITDA against peers

Company EV/EBITDA
EQNR Equinor ASA compare 2.0×
BP BP p.l.c. compare 2.7×
PBR Petroleo Brasileiro S.A.- Petrobras compare 3.3×
SHEL Shell PLC Unsponsored ADR compare 3.8×
CVE Cenovus Energy Inc compare 4.1×
TTE TotalEnergies SE Sponsored ADR compare 4.4×
E Eni SpA compare 7.6×
CVX Chevron Corporation 8.0×
XOM ExxonMobil Holdings Corporation compare 9.3×
Oil & Gas Integrated industry median 4.1×
Energy sector median 6.1×
Market median 10.9×

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)

The full definition of EV/EBITDA →

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