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%
Market cap
$433.3B
P/E
21.5×
Fwd P/E
12.4×
Dividend yield
3.13%
F-score
5/9
Altman Z
2.99
Beneish M
−3.01
Dividend safety
42/100

Chevron Corporation (CVX) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Chevron Corporation (CVX) trades at a P/B ratio of 2.3×. Over the past ten years it has ranged from 0.7× (March 2020) to 2.4× (June 2022); the current reading is higher than 99% of that period. That is above the Oil & Gas Integrated industry median of 1.6× and above the Energy sector median of 1.6×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.5× (14.33%)
FY2024 1.7× (1.00%)
FY2023 1.7× (17.54%)
FY2022 2.1× 30.50%
FY2021 1.6× 35.04%
FY2020 1.2× (23.82%)
FY2019 1.6× 17.79%
FY2018 1.3× (17.58%)
FY2017 1.6× 6.95%
FY2016 1.5× 37.77%

Quarterly newest first

Period P/B ratio Change
Jun 2026 1.7× (22.82%)
Mar 2026 2.2× 47.53%
Dec 2025 1.5× (4.74%)
Sep 2025 1.5× (7.92%)
42 more quarters

Against its own ten years

Low 0.7× High 2.4×
Ten-year median 1.5×
Current reading's percentile 99

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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