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Chevron CVX Price / earnings

Price / earnings at other companies

Exxon Mobil logo
Exxon MobilXOM
27.9×+12.4×
EOG Resources logo
EOG ResourcesEOG
14.1×+2.5×
ConocoPhillips logo
ConocoPhillipsCOP
22×+8.1×
Imperial Oil logo
Imperial OilIMO
21.7×+14.1×
Devon Energy logo
Devon EnergyDVN
13.8×+5.1×
Permian Resources logo
Permian ResourcesPR
26.7×+18.3×

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/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 / earnings?
Chevron (CVX) reported price / earnings of 37.2× in Q1 2026.
How has Chevron's price / earnings changed year-over-year?
Chevron's price / earnings increased by 98.0% year-over-year, from 18.8× to 37.2×.
What is the long-term trend for Chevron's price / earnings?
Over 3 years (2022 to 2025), Chevron's price / earnings has grown at a 25.8% compound annual growth rate (CAGR), from 43.3× to 86.2×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.