Chevron Corporation CVX

204.45 (1.20) (0.58%) as of 25 Sep
Market cap
$403.9B
P/E
19.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Chevron Corporation (CVX) EV/EBITDA

As of 25 September 2026, Chevron Corporation (CVX) trades at a EV/EBITDA of 7.8×. Over the past ten years it has ranged from 3.5× (March 2020) to 23.1× (May 2021); the current reading is higher than 59% of that period. That is above the Oil & Gas Integrated industry median of 4.9× and above the Energy sector median of 7.0×.

EV/EBITDA, daily

Annual

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

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

Against its own ten years

Low 3.5× High 23.1×
Ten-year median 7.0×
Current reading's percentile 59

EV/EBITDA against peers

Company EV/EBITDA
EQNR Equinor ASA compare 2.3×
BP BP p.l.c. compare 3.3×
PBR Petroleo Brasileiro S.A.- Petrobras compare 3.5×
SHEL Shell PLC Unsponsored ADR compare 4.3×
TTE TotalEnergies SE Sponsored ADR compare 5.5×
CVE Cenovus Energy Inc compare 5.8×
CVX Chevron Corporation 7.8×
E Eni SpA compare 8.2×
XOM ExxonMobil Holdings Corporation compare 9.1×
Oil & Gas Integrated industry median 4.9×
Energy sector median 7.0×
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)

The full definition of EV/EBITDA →

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