Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 162,594 226,214 347,069 280,726 260,291 302,028 - -
Change - 39.13% 53.43% -19.12% -7.28% 16.03% - -
Enterprise Value (EV) 1 201,282 251,908 352,507 293,339 278,047 340,014 342,091 343,404
Change - 25.15% 39.93% -16.78% -5.21% 22.29% 0.61% 0.38%
P/E ratio -28.5x 14.4x 9.82x 13.1x 14.9x 22.2x 18.8x 15.8x
PBR 1.2x 1.62x 2.18x 1.74x 1.73x 1.55x 1.62x 1.68x
PEG - -0x 0x -0.3x -1x -0.7x 1.1x 0.8x
Capitalization / Revenue 1.72x 1.39x 1.41x 1.4x 1.28x 1.61x 1.57x 1.56x
EV / Revenue 2.13x 1.55x 1.43x 1.46x 1.37x 1.81x 1.78x 1.77x
EV / EBITDA 14.1x 6.17x 5.22x 6.07x 6x 8.16x 7.2x 6.48x
EV / EBIT -29.8x 11.3x 7.02x 9.76x 9.89x 16.1x 13.8x 12.5x
EV / FCF 118x 11.2x 9.93x 14.8x 18.5x 20.6x 15.5x 12.9x
FCF Yield 0.84% 8.93% 10.1% 6.75% 5.39% 4.86% 6.46% 7.73%
Dividend per Share 2 5.16 5.31 5.68 6.04 6.52 6.851 7.151 7.493
Rate of return 6.11% 4.52% 3.16% 4.05% 4.5% 4.57% 4.77% 5%
EPS 2 -2.96 8.14 18.28 11.36 9.72 6.769 7.959 9.502
Distribution rate -174% 65.2% 31.1% 53.2% 67.1% 101% 89.8% 78.9%
Net sales 1 94,692 162,465 246,252 200,949 202,792 187,797 192,074 193,690
EBITDA 1 14,289 40,825 67,483 48,293 46,377 41,683 47,527 52,990
EBIT 1 -6,756 22,351 50,190 30,053 28,100 21,059 24,842 27,487
Net income 1 -5,543 15,625 35,465 21,369 17,661 12,348 14,711 17,528
Net Debt 1 38,688 25,694 5,438 12,613 17,756 37,986 40,063 41,376
Reference price 2 84.45 117.35 179.49 149.16 144.84 150.00 150.00 150.00
Nbr of stocks (in thousands) 1,925,323 1,927,686 1,933,639 1,882,048 1,797,091 2,013,522 - -
Announcement Date 29/01/21 28/01/22 27/01/23 02/02/24 31/01/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.16x1.81x8.16x4.57% 302B
16.03x3.74x7.19x5.39% 1,580B
9.37x0.64x3.87x5.67% 251B
11.9x0.95x4.49x3.92% 211B
9.82x0.96x4.4x5.8% 142B
3.67x1.53x3.16x11.27% 76.72B
9.95x0.66x1.78x6.43% 58.37B
12.32x0.78x3.82x6.5% 56.81B
13.04x1.63x5.19x3.77% 53.25B
Average 12.03x 1.41x 4.67x 5.92% 303.42B
Weighted average by Cap. 14.84x 2.65x 6.30x 5.41%
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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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