NYSE: CVX
Chevron Corporation
Energy · Oil & Gas Integrated
After hours: $203.09(+0.19%) · as of 7:59 PM ET
Market Cap
$403.72B
52w High
$214.71
52w Low
$146.49
P/E
19.44
Volume
7.06M
Outstanding Shares
1.99B
Performance
Return analysis
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 30.5% 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 56.78% 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 54th 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.
Company profile
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide.
Valuation
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
33
Buy
16
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
Q4 FY26 · EPS est $4.48 · Revenue est $56.77B
View
Dividends
$7.05/shareQuarterlyDividend Aristocrat · 48yrEx-div Aug 19, 2026 · in 1dAdequateCVX pays a dividend with a 3.48% declared yield, 48 consecutive years of growth, growing at 6.03% annually, covered 1.3× by free cash flow.
Declared Yield
3.48%
Annual Div / Share
$7.05
5yr CAGR
+6.03%
Doubles every ~11.8yr
Payout Ratio
84.45%
Adequate
Dividend Growth Rate
3yr CAGR
+5.82%
5yr CAGR
+6.03%
10yr CAGR
+5.12%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$4/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$35/yr $3/mo | $47/yr+34% $4/mo | $62/yr+80% $5/mo |
Yield-on-cost grows from 3.48% → 6.25% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
CVX has raised its dividend for 48 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 6.03% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
High payout ratio
With 84.45% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.