Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 449,599 - -
Change - 53.43% -18.52% -7.28% 17.07% 47.54% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 466,033 459,171 457,318
Change - 39.85% -16.18% -5.21% 21.99% 37.4% -1.47% -0.4%
P/E 14.4x 9.82x 13.1x 14.9x 23x 13.2x 14.7x 17.3x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 2.26x 2.14x 2.18x
PEG - 0x -0.3x -1x -0.7x 0x -1.4x -1.2x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.87x 1.95x 2.09x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.93x 1.99x 2.12x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 6.24x 6.55x 7.28x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 9.05x 10.3x 12.9x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 10.9x 11.6x 14.4x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.21% 8.65% 6.94%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.132 7.441 7.727
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.11% 3.25% 3.37%
EPS 2 8.14 18.28 11.36 9.72 6.63 17.41 15.57 13.28
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 41% 47.8% 58.2%
Net sales 1 162,465 246,252 200,949 202,792 189,031 241,053 230,867 215,450
EBITDA 1 40,825 67,483 48,293 46,377 42,143 74,712 70,152 62,862
EBIT 1 22,351 50,190 30,053 28,100 20,960 51,488 44,423 35,411
Net income 1 15,625 35,465 21,369 17,661 12,299 34,133 29,822 25,296
Net Debt 1 25,694 5,438 12,613 17,756 34,461 16,434 9,571 7,719
Reference price 2 117.35 179.49 149.16 144.84 152.41 229.20 229.20 229.20
Nbr of stocks (in thousands) 1,913,518 1,919,471 1,882,048 1,797,091 1,999,354 1,961,603 - -
Announcement Date 1/28/22 A 1/27/23 A 2/2/24 A 1/31/25 A 1/30/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.17x1.93x6.24x3.11% 450B
13.52x3.46x6.77x5.29% 1,676B
8.32x0.74x4.56x6.26% 349B
8.54x0.95x4.2x2.96% 300B
7.71x1.04x4.17x4.36% 207B
6.07x1.83x2.94x7.51% 152B
8.02x0.91x2.13x3.29% 114B
8.7x0.89x4.42x4.79% 87.35B
9.21x1.7x5.57x7.34% 48.27B
Average 9.25x 1.50x 4.56x 4.99% 375.95B
Weighted average by Cap. 11.43x 2.36x 5.68x 4.88%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Chevron Corporation

Historical PBR trend

Valuation ratios - PBR - Chevron Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Chevron Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Chevron Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Chevron Corporation
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