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) Price to free cash flow

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As of 16 October 2026, Chevron Corporation (CVX) trades at a price to free cash flow of 16.4×. Over the past ten years it has ranged from 0.0× (June 2017) to 126× (March 2021); the current reading is higher than 66% of that period. That is above the Oil & Gas Integrated industry median of 10.2× and above the Energy sector median of 11.2×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 17.0× (2.53%)
FY2024 17.4× 23.11%
FY2023 14.2× 58.53%
FY2022 8.9× (16.09%)
FY2021 10.6× (88.85%)
FY2020 95.4× 455.28%
FY2019 17.2× 40.11%
FY2018 12.3× (64.60%)
FY2017 34.6× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Jun 2026 12.1× (59.34%)
Mar 2026 29.7× 75.03%
Dec 2025 17.0× (12.99%)
Sep 2025 19.5× 27.69%
42 more quarters

Against its own ten years

Low 0.0× High 126×
Ten-year median 14.1×
Current reading's percentile 66

Price to free cash flow against peers

Company Price to free cash flow
PBR.A Petroleo Brasileiro S.A.- Petrobras compare 7.2×
BP BP p.l.c. compare 7.6×
PBR Petroleo Brasileiro S.A.- Petrobras compare 8.1×
SHEL Shell PLC Unsponsored ADR compare 9.1×
EQNR Equinor ASA compare 9.3×
TTE TotalEnergies SE Sponsored ADR compare 11.2×
CVX Chevron Corporation 16.4×
E Eni SpA compare 16.6×
XOM ExxonMobil Holdings Corporation compare 23.1×
Oil & Gas Integrated industry median 10.2×
Energy sector median 11.2×
Market median 14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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