Company Valuation: Chevron Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 224,551 344,526 280,726 260,291 304,721 390,048 - -
Change - 53.43% -18.52% -7.28% 17.07% 28% - -
Enterprise Value (EV) 1 250,245 349,964 293,339 278,047 339,182 414,339 408,802 406,190
Change - 39.85% -16.18% -5.21% 21.99% 22.16% -1.34% -0.64%
P/E ratio 14.4x 9.82x 13.1x 14.9x 23x 13.6x 14.8x 15.6x
PBR 1.62x 2.18x 1.74x 1.73x 1.63x 1.98x 1.98x 1.98x
PEG - 0x -0.3x -1x -0.7x 0x -1.84x -2.86x
Capitalization / Revenue 1.38x 1.4x 1.4x 1.28x 1.61x 1.71x 1.87x 1.9x
EV / Revenue 1.54x 1.42x 1.46x 1.37x 1.79x 1.82x 1.96x 1.98x
EV / EBITDA 6.13x 5.19x 6.07x 6x 8.05x 6.23x 6.8x 6.89x
EV / EBIT 11.2x 6.97x 9.76x 9.89x 16.2x 10.4x 11.9x 11.8x
EV / FCF 11.1x 9.86x 14.8x 18.5x 20.4x 11.3x 12.6x 12.5x
FCF Yield 8.99% 10.1% 6.75% 5.39% 4.89% 8.83% 7.94% 7.97%
Dividend per Share 2 5.31 5.68 6.04 6.52 6.84 7.13 7.433 7.794
Rate of return 4.52% 3.16% 4.05% 4.5% 4.49% 3.61% 3.77% 3.95%
EPS 2 8.14 18.28 11.36 9.72 6.63 14.5 13.33 12.61
Distribution rate 65.2% 31.1% 53.2% 67.1% 103% 49.2% 55.8% 61.8%
Net sales 1 162,465 246,252 200,949 202,792 189,031 227,526 208,178 204,796
EBITDA 1 40,825 67,483 48,293 46,377 42,143 66,550 60,152 58,979
EBIT 1 22,351 50,190 30,053 28,100 20,960 39,957 34,220 34,440
Net income 1 15,625 35,465 21,369 17,661 12,299 27,847 23,668 23,301
Net Debt 1 25,694 5,438 12,613 17,756 34,461 24,291 18,754 16,142
Reference price 2 117.35 179.49 149.16 144.84 152.41 197.25 197.25 197.25
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.61x1.82x6.23x3.61% 390B
13.74x3.43x6.65x5% 1,802B
9.04x0.64x4.18x5.79% 305B
8.32x0.87x4x3.5% 246B
7.83x1.13x4.29x4.44% 206B
6.7x1.97x3.16x6.79% 173B
3.3x1.66x3.23x11.3% 126B
8.17x0.87x2.05x3.9% 101B
9.39x0.77x3.95x4.59% 81.36B
Average 8.90x 1.46x 4.19x 5.44% 381.11B
Weighted average by Cap. 11.56x 2.40x 5.55x 5.05%

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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