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Chevron CVX Net debt / EBITDA

Net debt / EBITDA at other companies

Exxon Mobil logo
Exxon MobilXOM
0.6×+0.3×
EOG Resources logo
EOG ResourcesEOG
0.4×+0.3×
ConocoPhillips logo
ConocoPhillipsCOP
0.7×0.0×
Imperial Oil logo
Imperial OilIMO
0.3×+0.1×
Devon Energy logo
Devon EnergyDVN
1.3×0.0×
Permian Resources logo
Permian ResourcesPR
0.0×

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
Debt / equity0.2×0.0×
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 net debt / EBITDA?
Chevron (CVX) reported net debt / EBITDA of 1× in Q1 2026.
How has Chevron's net debt / EBITDA changed year-over-year?
Chevron's net debt / EBITDA increased by 75.0% year-over-year, from 0.5× to 1×.
What is the long-term trend for Chevron's net debt / EBITDA?
Over 4 years (2021 to 2025), Chevron's net debt / EBITDA has grown at a -18.3% compound annual growth rate (CAGR), from 6.6× to 2.9×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.