Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 224,551 344,526 280,726 260,291 304,721 370,531 - -
Change - 53.43% -18.52% -7.28% 17.07% 21.6% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 394,887 390,336 385,372
Change - 39.85% -16.18% -5.21% 21.99% 16.42% -1.15% -1.27%
P/E 14.4x 9.82x 13.1x 14.9x 23x 12.3x 13.9x 14.6x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.91x 1.89x 1.9x
PEG - 0x -0.3x -1x -0.7x 0x -1.2x -3.42x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.63x 1.76x 1.8x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.73x 1.86x 1.87x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 5.73x 6.22x 6.37x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 8.91x 10.8x 11.3x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 11.1x 12.2x 12.4x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 9.04% 8.19% 8.08%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.142 7.444 7.744
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.81% 3.97% 4.13%
EPS 2 8.14 18.28 11.36 9.72 6.63 15.2 13.45 12.87
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 47% 55.4% 60.1%
Net sales 1 162,465 246,252 200,949 202,792 189,031 227,656 210,062 206,267
EBITDA 1 40,825 67,483 48,293 46,377 42,143 68,925 62,762 60,492
EBIT 1 22,351 50,190 30,053 28,100 20,960 44,341 36,018 34,137
Net income 1 15,625 35,465 21,369 17,661 12,299 28,584 24,497 24,241
Net Debt 1 25,694 5,438 12,613 17,756 34,461 24,356 19,805 14,842
Reference price 2 117.35 179.49 149.16 144.84 152.41 187.38 187.38 187.38
Nbr of stocks (in thousands) 1,913,518 1,919,471 1,882,048 1,797,091 1,999,354 1,977,430 - -
Announcement Date 28/01/22 27/01/23 02/02/24 31/01/25 30/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.66x3.36x6.47x5.22% 1,719B
7.91x0.6x3.75x6.61% 272B
8.35x0.91x4.11x3.59% 242B
7.56x1.02x4.03x5.1% 179B
5.52x1.64x2.63x8.22% 142B
3.39x1.51x2.89x12.58% 110B
8.02x0.85x2x4.25% 92.51B
Average 7.77x 1.41x 3.70x 6.51% 393.74B
Weighted average by Cap. 11.21x 2.47x 5.35x 5.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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