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Chevron CVX Debt-to-equity

Debt-to-equity at other companies

Exxon Mobil logo
Exxon MobilXOM
0.2×0.0×
EOG Resources logo
EOG ResourcesEOG
0.3×+0.1×
ConocoPhillips logo
ConocoPhillipsCOP
0.4×0.0×
Imperial Oil logo
Imperial OilIMO
0.2×0.0×
Devon Energy logo
Devon EnergyDVN
0.6×-0.1×
Permian Resources logo
Permian ResourcesPR
0.3×-0.1×

Other financials

Income statement

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Revenue$48.6B+2.1%
Gross profit$20.3B+7.1%
Net income$2.2B-36.9%
EPS (diluted)$1.11-44.5%

Balance sheet

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Cash & equivalents$6.3B+2.4%
Total debt$45.4B+53.1%
Total equity$183.72B+23.1%
Total assets$329.55B+28.5%

Cash flow

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Operating cash flow$2.5B-51.6%
CapEx$4.1B+3.5%
Free cash flow-$1.5B-223%

Valuation

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Market cap$353.67B+39.2%
Enterprise value$392.78B+41.2%
P/E32.1×+15.9×
P/S1.9×+0.6×

Profitability

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Gross margin43.2%+2.8pp
Net margin5.8%-2.0pp

Returns & leverage

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Return on equity6.6%-3.5pp
Current ratio1.1×0.0×

Where this comes from

Calculated from Chevron’s reported figures.

Based on the most recent quarter.

The official record: Chevron’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chevron's debt-to-equity?
Chevron (CVX) reported debt-to-equity of 0.2× in Q1 2026.
How has Chevron's debt-to-equity changed year-over-year?
Chevron's debt-to-equity increased by 24.3% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for Chevron's debt-to-equity?
Over 4 years (2021 to 2025), Chevron's debt-to-equity has grown at a -7.5% compound annual growth rate (CAGR), from 1.2× to 0.9×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.