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Chevron CVX Price / book

Price / book at other companies

Exxon Mobil logo
Exxon MobilXOM
2.8×+0.8×
EOG Resources logo
EOG ResourcesEOG
2.5×+0.1×
ConocoPhillips logo
ConocoPhillipsCOP
2.5×+0.5×
Imperial Oil logo
Imperial OilIMO
2.8×+1.3×
Devon Energy logo
Devon EnergyDVN
+0.4×
Permian Resources logo
Permian ResourcesPR
1.5×+0.5×

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 price / book?
Chevron (CVX) reported price / book of 2.2× in Q1 2026.
How has Chevron's price / book changed year-over-year?
Chevron's price / book increased by 13.1% year-over-year, from 2× to 2.2×.
What is the long-term trend for Chevron's price / book?
Over 4 years (2021 to 2025), Chevron's price / book has grown at a 3.3% compound annual growth rate (CAGR), from 6.1× to 7×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.