Chevron (CVX) Fair Value & DCF

CVX$217.01—
Oil & Gas IntegratedMega CapValue Stock
Compare
Market cap$412.14BEnterprise value$449.49BRevenue (TTM)$225.78BMarket positionTop 5%

Score

56
Neutral
Value
65
Quality
43
Growth
59

CVX fair value $241.64. Price $217.01. Price is 10% below fair value.

Worked example

Cash-flow value. Starting free cash flow is $17.46 a share. Year 1 is the first earnings forecast, so it has no growth rate of its own. The forecast then reaches 8.59%, and that pace fades in a straight line to 3% terminal growth by year 10. The discount rate is 8.70% (beta 0.80). It is beta-adjusted and capped at 12%. The cash-flow value is $226.91 a share.

Earnings value. Next-twelve-months earnings per share of $18.74 times 13.68 is $256.36. The peer group is Energy, 49 companies worth at least $10 billion. Peer median 12.7. Own 10-year median 14.6. The multiple used is the average of the two, kept between 8 and 30, which is 13.68.

Fair value is the average of the two, $241.64. The price is $217.01, which is 10.2% below fair value.

Chevron (CVX) Fair Value & DCF

CVX price $217.01 —

Ticker
CVX
Price
$217.01
Change
—
Market cap
$412.14B
P/E
15.28
Forward P/E
11.27
Dividend yield
3.25%
Beta
0.52
Sector
Energy
Industry
Oil & Gas Integrated
Stocklytics score
56
Value
65
Quality
43
Growth
59

Stocklytics score rationale: value 65, quality 43, growth 59.

AI Score 85. Chevron Corporation (CVX) shows strong fundamentals with a price-to-earnings ratio of approximately 15.8 and a net profit margin of 11.9%, indicating solid profitability. Additionally, the company has a market cap of $428.76 billion and a low debt-to-assets ratio of 0.1, suggesting a strong financial position and growth potential

Summary

Chevron Corporation operates in the Energy sector and Oil & Gas Integrated industry. Its reported net margin is 11.9% and dividend yield is 3.0%.

Valuation

The shares trade at a P/E of 17.2 and a price-to-book ratio of 2.4. These metrics provide the available valuation context.

Quality

A net margin of 11.9% indicates the company generated profit relative to revenue. No additional balance-sheet, return, or cash-flow data is provided.

Growth

No revenue, earnings, production, or estimate-growth data is provided. Growth cannot be assessed from the available facts.

Risks

Chevron is in the Energy sector and Oil & Gas Integrated industry, which can expose results to industry-specific conditions. The provided facts do not include debt, commodity-price, or estimate-risk data.

Fair value

CVX fair value $241.64. Price $217.01. Price is 10% below fair value.

Below fair value, but more expensive than usual. A smaller discount than on 83% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price.

Fair value blends a 10-year DCF and an earnings multiple: the average of the DCF value and an earnings value from next-twelve-months EPS times 13.7, a blend of the Energy median (12.7) and the stock's own 10-year median (14.6). How we calculate it →

Compare CVX

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-01-29—5.74—63.68B
2026-10-305.284.8767.80B61.82B
2026-07-316.065.5570.06B62.72B
2026-05-011.411.0048.61B51.86B
2026-01-301.521.4146.87B46.79B
2025-10-311.851.6948.17B48.94B
2025-08-011.771.7344.38B43.87B
2025-05-022.182.1647.61B48.25B
2025-01-312.062.4252.23B46.60B
2024-11-012.512.4248.93B48.86B
2024-08-022.552.9349.57B50.66B
2024-04-262.932.8746.58B48.42B
2024-02-023.453.2948.93B47.17B
2023-10-273.053.7551.92B47.79B
2023-07-283.082.9747.22B43.48B
2023-04-283.553.4148.84B47.89B
2023-01-274.094.3854.52B52.68B
2022-10-285.564.8163.51B60.26B
2022-07-295.825.1065.37B58.66B
2022-04-293.363.2752.31B47.95B
2022-01-282.563.1245.86B45.34B
2021-10-292.962.2142.55B40.40B
2021-07-301.711.5936.12B37.60B
2021-04-300.900.9031.08B30.48B
2021-01-29-0.010.0824.84B47.91B
2020-10-300.11-0.2924.00B60.02B
2020-07-31-1.59-0.9315.93B10.71B
2020-05-011.290.6429.70B25.54B
2020-01-311.491.4734.57B33.75B
2019-11-011.551.4534.78B32.48B
2019-08-021.771.8036.32B36.94B
2019-04-261.391.3034.19B30.45B
2019-02-011.951.8740.34B38.31B
2018-11-022.112.0642.10B41.19B
2018-07-271.782.0940.49B47.74B
2018-04-271.901.4835.97B28.03B
2018-02-020.731.2736.38B61.96B
2017-10-270.850.9833.89B39.30B
2017-07-280.910.8632.88B30.96B
2017-04-281.230.8531.52B21.93B

Dividends

Yield 3.25%. Payout ratio 51.59%. Frequency Quarterly.

Safety score 88/100 · Safe. Payout ratio is 52% of earnings. Dividends use a moderate share of free cash flow. Dividends were paid in 50 separate years. Yield is 3.2%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-11-18$1.782026-11-182026-12-10Quarterly
2026-08-19$1.782026-08-192026-09-10Quarterly
2026-05-19$1.782026-05-192026-06-10Quarterly
2026-02-17$1.782026-02-172026-03-10Quarterly
2025-11-18$1.712025-11-182025-12-10Quarterly
2025-08-19$1.712025-08-192025-09-10Quarterly
2025-05-19$1.712025-05-192025-06-10Quarterly
2025-02-14$1.712025-02-142025-03-10Quarterly
2024-11-18$1.632024-11-182024-12-10Quarterly
2024-08-19$1.632024-08-192024-09-10Quarterly
2024-05-16$1.632024-05-172024-06-10Quarterly
2024-02-15$1.632024-02-162024-03-11Quarterly
2023-11-16$1.512023-11-172023-12-11Quarterly
2023-08-17$1.512023-08-182023-09-11Quarterly
2023-05-18$1.512023-05-192023-06-12Quarterly
2023-02-15$1.512023-02-162023-03-10Quarterly
2022-11-17$1.422022-11-182022-12-12Quarterly
2022-08-18$1.422022-08-192022-09-12Quarterly
2022-05-18$1.422022-05-192022-06-10Quarterly
2022-02-15$1.422022-02-162022-03-10Quarterly
2021-11-17$1.342021-11-182021-12-10Quarterly
2021-08-18$1.342021-08-192021-09-10Quarterly
2021-05-18$1.342021-05-192021-06-10Quarterly
2021-02-16$1.292021-02-172021-03-10Quarterly
2020-11-17$1.292020-11-182020-12-10Quarterly
2020-08-18$1.292020-08-192020-09-10Quarterly
2020-05-18$1.292020-05-192020-06-10Quarterly
2020-02-14$1.292020-02-182020-03-10Quarterly
2019-11-15$1.192019-11-182019-12-10Quarterly
2019-08-16$1.192019-08-192019-09-10Quarterly
2019-05-16$1.192019-05-172019-06-10Quarterly
2019-02-14$1.192019-02-152019-03-11Quarterly
2018-11-15$1.122018-11-162018-12-10Quarterly
2018-08-16$1.122018-08-172018-09-10Quarterly
2018-05-17$1.122018-05-182018-06-11Quarterly
2018-02-15$1.122018-02-162018-03-12Quarterly
2017-11-16$1.082017-11-172017-12-11Quarterly
2017-08-16$1.082017-08-182017-09-11Quarterly
2017-05-17$1.082017-05-192017-06-12Quarterly
2017-02-14$1.082017-02-162017-03-10Quarterly
2016-11-16$1.082016-11-182016-12-12Quarterly
2016-08-17$1.072016-08-192016-09-12Quarterly
2016-05-17$1.072016-05-192016-06-10Quarterly
2016-02-16$1.072016-02-182016-03-10Quarterly
2015-11-16$1.072015-11-182015-12-10Quarterly
2015-08-17$1.072015-08-192015-09-10Quarterly
2015-05-15$1.072015-05-192015-06-10Quarterly
2015-02-12$1.072015-02-172015-03-10Quarterly
2014-11-14$1.072014-11-182014-12-10Quarterly
2014-08-15$1.072014-08-192014-09-10Quarterly
2014-05-15$1.072014-05-192014-06-10Quarterly
2014-02-12$1.002014-02-142014-03-10Quarterly
2013-11-14$1.002013-11-182013-12-10Quarterly
2013-08-15$1.002013-08-192013-09-10Quarterly
2013-05-15$1.002013-05-172013-06-10Quarterly
2013-02-13$0.902013-02-152013-03-11Quarterly
2012-11-14$0.902012-11-162012-12-10Quarterly
2012-08-15$0.902012-08-172012-09-10Quarterly
2012-05-16$0.902012-05-182012-06-11Quarterly
2012-02-15$0.812012-02-172012-03-12Quarterly
2011-11-16$0.812011-11-182011-12-12Quarterly
2011-08-17$0.782011-08-192011-09-12Quarterly
2011-05-17$0.782011-05-192011-06-10Quarterly
2011-02-14$0.722011-02-162011-03-10Quarterly
2010-11-16$0.722010-11-182010-12-10Quarterly
2010-08-17$0.722010-08-192010-09-10Quarterly
2010-05-17$0.722010-05-192010-06-10Quarterly
2010-02-12$0.682010-02-172010-03-10Quarterly
2009-11-16$0.682009-11-182009-12-10Quarterly
2009-08-17$0.682009-08-192009-09-10Quarterly
2009-05-15$0.652009-05-192009-06-10Quarterly
2009-02-12$0.652009-02-172009-03-10Quarterly
2008-11-14$0.652008-11-182008-12-10Quarterly
2008-08-15$0.652008-08-192008-09-10Quarterly
2008-05-15$0.652008-05-192008-06-10Quarterly
2008-02-13$0.582008-02-152008-03-10Quarterly
2007-11-14$0.582007-11-162007-12-10Quarterly
2007-08-15$0.582007-08-172007-09-10Quarterly
2007-05-16$0.582007-05-182007-06-11Quarterly
2007-02-14$0.522007-02-162007-03-12Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-11-02GUSTAVSON JEFF BBuy15.60K$110.371.72M
2026-11-02GUSTAVSON JEFF BBuy8.84K$113.01998.90K
2026-11-02GUSTAVSON JEFF BSell24.44K$230.715.64M
2026-11-02GUSTAVSON JEFF BSell15.60K$110.371.72M
2026-11-02GUSTAVSON JEFF BSell8.84K$113.01998.90K
2026-10-20Pate R. HewittBuy40.70K$132.695.40M
2026-10-20Pate R. HewittSell40.70K$226.659.22M
2026-10-20Pate R. HewittSell40.70K$132.695.40M
2026-10-19Pate R. HewittSell2.40K$132.69318.46K
2026-10-19Pate R. HewittBuy2.40K$132.69318.46K
2026-10-19Pate R. HewittSell2.40K$225.61541.47K
2026-08-28HEWSON MARILLYN ABuy213$201.8643.00K
2026-08-28WARNER CYNTHIA JBuy19$201.863.84K
2026-08-18Pate R. HewittSell2.47K$205.11506.62K
2026-08-17Moyo Dambisa FSell350——
2026-08-17Walz Andrew BenjaminBuy12.70K$132.691.69M
2026-08-17Walz Andrew BenjaminBuy4.10K$88.20361.62K
2026-08-17Walz Andrew BenjaminSell16.80K$201.063.38M
2026-08-17Walz Andrew BenjaminSell12.70K$132.691.69M
2026-08-17Walz Andrew BenjaminSell4.10K$88.20361.62K
2026-08-14Wirth Michael KBuy317.10K$88.2027.97M
2026-08-14Wirth Michael KSell306.79K$200.4461.49M
2026-08-14Wirth Michael KSell10.31K$201.052.07M
2026-08-14Wirth Michael KSell317.10K$88.2027.97M
2026-08-11GUSTAVSON JEFF BSell4.56K$113.01515.44K
2026-08-11GUSTAVSON JEFF BBuy4.56K$113.01515.44K
2026-08-11GUSTAVSON JEFF BBuy4.85K$117.24568.61K
2026-08-11GUSTAVSON JEFF BBuy4.63K$125.35580.75K
2026-08-11GUSTAVSON JEFF BSell14.04K$194.952.74M
2026-08-11GUSTAVSON JEFF BSell4.85K$117.24568.61K
2026-08-11GUSTAVSON JEFF BSell4.63K$125.35580.75K
2026-08-05Wirth Michael KSell5.55K$187.001.04M
2026-08-03HESS JOHN BSell2.24M——
2026-08-03HESS JOHN BBuy74.31K$138.1010.26M
2026-08-03HESS JOHN BBuy103.77K$98.7110.24M
2026-08-03HESS JOHN BSell174.82K$194.4233.99M
2026-08-03HESS JOHN BBuy117.50K$73.218.60M
2026-08-03HESS JOHN BSell25.18K$195.284.92M
2026-08-03HESS JOHN BSell90.03K$192.7517.35M
2026-08-03HESS JOHN BBuy243.71K$48.5111.82M
2026-08-03HESS JOHN BSell118.66K$193.2922.94M
2026-08-03HESS JOHN BBuy170.08K$55.369.42M
2026-08-03HESS JOHN BBuy439.79K——
2026-08-03HESS JOHN BSell271.95K$194.4852.89M
2026-08-03HESS JOHN BBuy8.10K——
2026-08-03HESS JOHN BSell30.03K$195.145.86M
2026-08-03HESS JOHN BSell55.51K$194.0710.77M
2026-08-03HESS JOHN BSell44.49K$194.508.65M
2026-08-03HESS JOHN BBuy9.12K——
2026-08-03HESS JOHN BSell74.31K$138.1010.26M
2026-08-03HESS JOHN BSell243.71K$48.5111.82M
2026-08-03HESS JOHN BSell170.08K$55.369.42M
2026-08-03HESS JOHN BSell117.50K$73.218.60M
2026-08-03HESS JOHN BSell103.77K$98.7110.24M
2026-05-27Huntsman Jon M JrBuy1.27K——
2026-05-27REED DEBRA LBuy1.27K——
2026-05-27WARNER CYNTHIA JBuy1.27K——
2026-05-27Umpleby III Donald JBuy1.27K——
2026-05-27Moyo Dambisa FBuy1.27K——
2026-05-27HORTON THOMAS WBuy1.27K——
2026-05-27HEWSON MARILLYN ABuy1.27K——
2026-05-27HESS JOHN BBuy1.27K——
2026-05-27HERNANDEZ ENRIQUE JRBuy1.27K——
2026-05-27Frank JohnBuy1.27K——
2026-05-27Austin Wanda MBuy1.27K——
2026-05-20HESS JOHN BSell117.84K$191.5222.57M
2026-05-20HESS JOHN BSell119.79K$192.8623.10M
2026-05-20HESS JOHN BSell59.05K$193.7911.44M
2026-05-20HESS JOHN BSell42.68K$194.658.31M
2026-05-20HESS JOHN BSell7.04K$195.971.38M
2026-05-20HESS JOHN BSell30.58K$196.746.02M
2026-05-20HESS JOHN BSell3.04K$197.45599.26K
2026-05-06Moyo Dambisa FSell780——
2026-05-06HESS JOHN BSell28.03K$183.905.15M
2026-05-06HESS JOHN BSell88.92K$184.6716.42M
2026-05-06HESS JOHN BSell78.05K$185.2114.46M
2026-03-30Pate R. HewittBuy40.20K$125.355.04M
2026-03-30Pate R. HewittSell40.20K$213.308.57M
2026-03-30Pate R. HewittSell40.20K$125.355.04M
2026-03-06Pate R. HewittBuy47.20K$113.015.33M
2026-03-06Pate R. HewittSell47.20K$192.129.07M
2026-03-06Pate R. HewittSell47.20K$113.015.33M
2026-03-02NELSON MARK ABuy77.00K$110.378.50M
2026-03-02NELSON MARK ABuy62.60K$113.017.07M
2026-03-02NELSON MARK ASell77.00K$187.7614.46M
2026-03-02NELSON MARK ASell62.60K$188.1111.78M
2026-03-02Wirth Michael KBuy182.10K$125.3522.83M
2026-03-01Ghai Amit R.Other0$88.200
2026-03-01Ghai Amit R.Other0$110.370
2026-03-01Ghai Amit R.Other0$132.690
2026-03-01Ghai Amit R.Other0$113.010
2026-03-01Ghai Amit R.Other0$153.220
2026-03-01Ghai Amit R.Other0$152.350
2026-03-01Ghai Amit R.Other0$179.080
2026-03-01Ghai Amit R.Other0——
2026-03-01Ghai Amit R.Other0——
2026-03-01Ghai Amit R.Other0——
2026-03-01Ghai Amit R.Other0——
2026-03-01Ghai Amit R.Other0——
2026-03-01Ghai Amit R.Other0——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 4.26K, holders -163 vs prior quarter. Ownership 76.36%.

HolderSharesChangeChange %Value
BLACKROCK, INC.154.82M10.10M+6.98%25.66B
STATE STREET CORP148.45M-4.69M-3.06%24.61B
VANGUARD CAPITAL MANAGEMENT LLC122.90M415.40K+0.34%20.37B
BERKSHIRE HATHAWAY INC84.38M00.00%13.99B
GEODE CAPITAL MANAGEMENT, LLC44.54M858.71K+1.97%7.35B
VANGUARD PORTFOLIO MANAGEMENT LLC42.48M163.16K+0.39%7.04B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC37.71M1.60M+4.42%6.25B
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.37.71M37.71MNew6.25B
MORGAN STANLEY36.05M-796.02K-2.16%5.98B
BANK OF AMERICA CORP /DE/27.21M-424.77K-1.54%4.51B
NORGES BANK22.96M22.96MNew3.81B
AMERIPRISE FINANCIAL INC19.72M2.56M+14.94%3.27B
JPMORGAN CHASE & CO19.04M-1.30M-6.39%3.21B
NORTHERN TRUST CORP19.35M-922.78K-4.55%3.21B
PRICE T ROWE ASSOCIATES INC /MD/17.57M-1.46M-7.65%2.91B
WELLS FARGO & COMPANY/MN17.54M-494.22K-2.74%2.91B
FISHER ASSET MANAGEMENT, LLC16.66M-5.23M-23.89%2.76B
FRANKLIN TEMPLETON INC15.44M-181.62K-1.16%2.56B
INVESCO LTD.15.19M-472.05K-3.01%2.52B
BANK OF NEW YORK MELLON CORP14.35M-581.83K-3.90%2.38B
GOLDMAN SACHS GROUP INC14.15M2.77M+24.38%2.34B
AMUNDI13.90M1.71M+14.07%2.30B
STATE FARM MUTUAL AUTOMOBILE INSURANCE CO13.33M00.00%2.21B
DIMENSIONAL FUND ADVISORS LP13.14M-208.91K-1.56%2.18B
FMR LLC13.04M-4.23M-24.47%2.16B

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