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Earnings transcript
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CVX
Chevron Corporation
$230.84
4.16
(1.84%)
| Exchange: | NYSE |
| Market Cap: | 456.087B |
| Shares Outstanding: | 1.356B |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas IntegratedView industry performance | |||||
| CEO: | Michael K. Wirth | |||||
| Full Time Employees: | 43039 | |||||
| Address: |
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| Website: | https://www.chevron.com |
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company’s business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
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Revenue Segmentation
CVX full analysis
Hey everyone, welcome back to the channel. Today, we’re doing a deep dive into one of the world’s largest energy titans—Chevron Corporation, ticker CVX. With the stock up over 32% in the past year and the energy sector facing a lot of crosscurrents, I wanted to take a comprehensive look at what’s really going on under the hood. Is this a buying opportunity, or is the easy money already made? Let’s break it down. Chevron is a global integrated energy…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| CVX | Chevron Corporation | 456.1B | 21.5 | 13.2 | 7.8% |
 SHEL | Shell plc | 307.2B | 11.5 | 8.6 | 8.5% |
 TTE | TotalEnergies SE | 207.3B | 11.3 | 7.5 | 7.3% |
 PBR | Petróleo Brasileiro S.A. – Petrobras | 167.1B | 6.4 | 5.4 | 12.2% |
 XOM | Exxonmobil Holdings Corporation | 747.4B | 23.0 | 13.7 | 7.5% |
 PBR-A | Petróleo Brasileiro S.A. – Petrobras | 158.5B | 6.4 | 4.9 | 12.2% |
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 196,913,000 | 193,414,000 | 184,432,000 |
| Gross Profit | 60,391,000 | 56,926,000 | 56,086,000 |
| EBITDA | 47,379,000 | 45,382,000 | 41,092,000 |
| Operating Income | 33,790,000 | 29,099,000 | 16,674,000 |
| Net Income | 21,369,000 | 17,661,000 | 12,299,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 261,632,000 | 256,938,000 | 324,012,000 |
| Total Liabilities | 99,703,000 | 103,781,000 | 137,562,000 |
| Total Stockholders Equity | 160,957,000 | 152,318,000 | 186,450,000 |
| Total Debt | 20,836,000 | 24,541,000 | 40,758,000 |
| Cash and Cash Equivalents | 8,178,000 | 6,781,000 | 6,293,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 35,609,000 | 31,500 | 33,900 |
| Capital Expenditure | -15,829,000 | 0 | -17,300,000 |
| Free Cash Flow | 19,780,000 | 31,500 | 33,900 |
| Net Income | 21,411,000 | 17,700 | 12,500 |
| Net Change in Cash | -9,846,000 | 0 | -769,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 214,698,724.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 263,096,703.652 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 236,081,500 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 51,948,276.213 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 62,010,035.389 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 56,393,669.886 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 22,805,785.612 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 29,694,830.735 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 25,849,440.013 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 5,062,814.762 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 6,204,088.448 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 5,567,042.409 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 13.930 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 16 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 12.290 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 5 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Chevron reported fourth-quarter 2024 earnings of $3.2 billion, reflecting strong profitability despite industry challenges. Key metrics such as revenue, net income, and operating cash flow from recent income and cash flow statements indicate a solid financial foundation, supported by consistent free cash flow generation.
- Operational Efficiency: High gross profit margins (TTM) and return on invested capital (ROIC TTM) from key metrics demonstrate Chevron's ability to efficiently manage operations and generate returns, particularly in upstream oil and gas segments, as highlighted in the Q4 2024 earnings call.
- Shareholder Returns Focus: The company maintains a competitive dividend yield (TTM) and has prioritized returning value to shareholders through dividends and share repurchases, as emphasized in the earnings call summary, reinforcing investor confidence.
- Strong Balance Sheet: Balance sheet data shows significant cash and cash equivalents alongside a manageable debt-to-equity ratio (TTM), providing financial flexibility to navigate market volatility and fund capital expenditures.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates CVX intrinsic value between $71.22 – $129.74 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about CVX valuation
Is Chevron Corporation (CVX) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Chevron Corporation (CVX) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is CVX a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether CVX trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is CVX’s P/E ratio?
You can see CVX’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for CVX?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is CVX a good long-term investment?
Whether CVX fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
CVX
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Daily snapshot
1.84
Trading Metrics:
| Open: | 228.19 | Previous Close: | 226.68 | |
| Day Low: | 228.03 | Day High: | 231.8 | |
| Year Low: | 146.49 | Year High: | 231.79 | |
| Price Avg 50: | 209.71 | Price Avg 200: | 191.24 | |
| Volume: | 1.995M | Average Volume: | 8.687M |
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