NYSE · CVX
Chevron Corporation
Energy · Oil & Gas Integrated
$207.10▲ 1.42% ($2.89)at close
After hours$207.16▲ 0.03%7:46 PM ET
Valuation
Revenue & margin DCF
Verdict: cheap. Price below all scenarios.
The price needs 0.6% revenue growth a year for 10 years. Our scenarios assume 7.8–13.6%.
That's below its past 4-year pace of 4.3%.
Value per share
Base case
$497.81
Price used $207.10 is 58% below this
USD · TTM ending Jun 30, 2026 · Price Oct 1, 8:02 PM UTC
Revenue each value needs
Revenue today $209B. The price needs $222B by 2036. Base case: $586B. At its recent pace: $319B. Bear to Bull: $443B to $745B.
Revenue today $209B. The price needs $222B by 2036. Base case: $586B. At its recent pace: $319B. Bear to Bull: $443B to $745B.
Revenue in 2036
today $209B
−$363Bless than the Base case
Value per share · Base case
$497.81
Price $207.10
58% below this
- 10-yr revenue CAGR
- 10.9%
- Ending operating margin
- 15.8%
- Discount rate
- 7.5%
USD · TTM ending Jun 30, 2026 · Price Oct 1, 8:02 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 33.98% over the last year. Revenue grew 11.17% over the trailing twelve months. Operating margin moved from 8.38% to 15.83%. Free cash flow grew 67.13% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 43rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 15.83%. Revenue grew 11.17% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Return analysis
Company profile
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 20 shares became 21
Profitability & growth
Analyst consensus
34
Buy
15
Hold
4
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 30, 2026
Q3 FY26 · EPS est $4.66 · Revenue est $58.35B
View
Institutional Sentiment
Chevron Corporation · CVX
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.