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

213.51 3.45 −1.59%
Market cap
$415.4B
P/E
15.5×
Fwd P/E
13.3×
Dividend yield
3.30%
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 5 November 2026, Chevron Corporation (CVX) trades at a price to free cash flow of 12.3×. Over the past ten years it has ranged from 0.0× (June 2017) to 126× (March 2021); the current reading is higher than 35% of that period. That is above the Oil & Gas Integrated industry median of 8.2× and above the Energy sector median of 8.9×.

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
Sep 2026 11.7× (2.99%)
Jun 2026 12.1× (59.34%)
Mar 2026 29.7× 75.03%
Dec 2025 17.0× (12.99%)
43 more quarters

Against its own ten years

Low 0.0× High 126×
Ten-year median 14.0×
Current reading's percentile 35

Price to free cash flow against peers

Company Price to free cash flow
CVE Cenovus Energy Inc compare n/m
BP BP p.l.c. compare 4.7×
PBR Petroleo Brasileiro S.A.- Petrobras compare 5.9×
SHEL Shell PLC Unsponsored ADR compare 7.0×
EQNR Equinor ASA compare 7.3×
TTE TotalEnergies SE Sponsored ADR compare 8.3×
CVX Chevron Corporation 12.3×
E Eni SpA compare 13.6×
XOM ExxonMobil Holdings Corporation compare 15.1×
Oil & Gas Integrated industry median 8.2×
Energy sector median 8.9×
Market median 14.1×

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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