Chevron Corporation

CVXNYSE

$229.20

Last price · USD

Market cap: $425.4B
P/E: 34.6x
EV / EBITDA: 11.2x
P/S: 2.3x
FCF yield: 3.9%
Div. yield: 3.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Chevron Corporation balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	6,293	6,781	8,178	17,678	5,640	+2.8%
Short-term investments	4	4	45	223	35	-41.9%
Cash & short-term investments	6,297	6,785	8,223	17,901	5,675	+2.6%
Net receivables	18,075	20,684	19,921	20,456	18,419	-0.5%
Accounts receivable	18,075	20,684	19,921	20,456	18,419	-0.5%
Inventory	9,711	9,074	8,612	8,247	6,795	+9.3%
Prepaids	0	0	0	3,739	2,849	—
Other current assets	4,469	4,368	4,372	0	0	—
Total current assets	38,552	40,911	41,128	50,343	33,738	+3.4%
Non-current assets
Property, plant & equipment (net)	219,729	147,799	153,619	143,591	146,961	+10.6%
Goodwill	4,568	4,578	4,722	4,722	4,385	+1.0%
Goodwill & intangible assets	4,568	4,578	4,722	4,722	4,385	+1.0%
Long-term investments	43,867	47,438	46,812	45,238	40,696	+1.9%
Other non-current assets	17,296	16,212	15,351	13,815	13,755	+5.9%
Total non-current assets	285,460	216,027	220,504	207,366	205,797	+8.5%
Total assets	324,012	256,938	261,632	257,709	239,535	+7.8%
Current liabilities
Accounts payable	19,280	22,079	20,423	18,955	16,454	+4.0%
Other payables	2,367	3,587	3,651	5,803	3,109	-6.6%
Total payables	21,647	25,666	24,074	24,758	19,563	+2.6%
Short-term debt	191	4,348	469	1,919	208	-2.1%
Capital lease obligations (current)	786	58	60	45	48	+101.2%
Tax payables	0	3,587	3,651	5,803	3,109	—
Total current liabilities	33,387	38,558	32,258	34,208	26,791	+5.7%
Non-current liabilities
Long-term debt	39,122	19,589	19,733	20,972	30,664	+6.3%
Capital lease obligations (non-current)	659	546	574	403	449	+10.1%
Deferred revenue (non-current)	0	0	0	20,396	20,778	—
Deferred tax liabilities (non-current)	30,014	19,137	18,830	17,131	14,665	+19.6%
Other non-current liabilities	28,654	25,951	28,308	4,357	6,248	+46.3%
Total non-current liabilities	98,449	65,223	67,445	63,259	72,804	+7.8%
Capital lease obligations	1,445	604	634	448	497	+30.6%
Total debt	40,758	24,541	20,836	23,339	31,369	+6.8%
Total liabilities	131,836	103,781	99,703	97,467	99,595	+7.3%
Stockholders' equity
Common stock	1,832	1,832	1,832	1,832	1,832	0.0%
Retained earnings	205,365	205,852	200,025	190,024	165,546	+5.5%
Additional paid-in capital	33,886	21,671	21,365	18,660	17,282	+18.3%
Treasury stock	(51,929)	(74,037)	(59,065)	(48,196)	(41,464)	—
Accumulated other comprehensive income (loss)	(2,704)	(3,000)	(3,200)	(3,038)	(4,129)	—
Total stockholders' equity	186,450	152,318	160,957	159,282	139,067	+7.6%
Total equity	192,176	153,157	161,929	160,242	139,940	+8.3%
Minority interest	5,726	839	972	960	873	+60.0%
Total liabilities & equity	324,012	256,938	261,632	257,709	239,535	+7.8%
Additional fields
Accrued Expenses	10,763	8,486	7,655	7,486	6,972	+11.5%
Net Debt	34,465	17,760	12,658	5,661	25,729	+7.6%
Total Investments	43,871	47,442	46,857	45,461	40,731	+1.9%

Chevron Corporation

CVXNYSE

$229.20

Last price · USD

Market cap: $425.4B
P/E: 34.6x
EV / EBITDA: 11.2x
P/S: 2.3x
FCF yield: 3.9%
Div. yield: 3.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Chevron Corporation balance sheet

Annual · USD millions except per-share data · 44 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	6,293	6,781	8,178	17,678	5,640	+2.8%
Short-term investments	4	4	45	223	35	-41.9%
Cash & short-term investments	6,297	6,785	8,223	17,901	5,675	+2.6%
Net receivables	18,075	20,684	19,921	20,456	18,419	-0.5%
Accounts receivable	18,075	20,684	19,921	20,456	18,419	-0.5%
Inventory	9,711	9,074	8,612	8,247	6,795	+9.3%
Prepaids	0	0	0	3,739	2,849	—
Other current assets	4,469	4,368	4,372	0	0	—
Total current assets	38,552	40,911	41,128	50,343	33,738	+3.4%
Non-current assets
Property, plant & equipment (net)	219,729	147,799	153,619	143,591	146,961	+10.6%
Goodwill	4,568	4,578	4,722	4,722	4,385	+1.0%
Goodwill & intangible assets	4,568	4,578	4,722	4,722	4,385	+1.0%
Long-term investments	43,867	47,438	46,812	45,238	40,696	+1.9%
Other non-current assets	17,296	16,212	15,351	13,815	13,755	+5.9%
Total non-current assets	285,460	216,027	220,504	207,366	205,797	+8.5%
Total assets	324,012	256,938	261,632	257,709	239,535	+7.8%
Current liabilities
Accounts payable	19,280	22,079	20,423	18,955	16,454	+4.0%
Other payables	2,367	3,587	3,651	5,803	3,109	-6.6%
Total payables	21,647	25,666	24,074	24,758	19,563	+2.6%
Short-term debt	191	4,348	469	1,919	208	-2.1%
Capital lease obligations (current)	786	58	60	45	48	+101.2%
Tax payables	0	3,587	3,651	5,803	3,109	—
Total current liabilities	33,387	38,558	32,258	34,208	26,791	+5.7%
Non-current liabilities
Long-term debt	39,122	19,589	19,733	20,972	30,664	+6.3%
Capital lease obligations (non-current)	659	546	574	403	449	+10.1%
Deferred revenue (non-current)	0	0	0	20,396	20,778	—
Deferred tax liabilities (non-current)	30,014	19,137	18,830	17,131	14,665	+19.6%
Other non-current liabilities	28,654	25,951	28,308	4,357	6,248	+46.3%
Total non-current liabilities	98,449	65,223	67,445	63,259	72,804	+7.8%
Capital lease obligations	1,445	604	634	448	497	+30.6%
Total debt	40,758	24,541	20,836	23,339	31,369	+6.8%
Total liabilities	131,836	103,781	99,703	97,467	99,595	+7.3%
Stockholders' equity
Common stock	1,832	1,832	1,832	1,832	1,832	0.0%
Retained earnings	205,365	205,852	200,025	190,024	165,546	+5.5%
Additional paid-in capital	33,886	21,671	21,365	18,660	17,282	+18.3%
Treasury stock	(51,929)	(74,037)	(59,065)	(48,196)	(41,464)	—
Accumulated other comprehensive income (loss)	(2,704)	(3,000)	(3,200)	(3,038)	(4,129)	—
Total stockholders' equity	186,450	152,318	160,957	159,282	139,067	+7.6%
Total equity	192,176	153,157	161,929	160,242	139,940	+8.3%
Minority interest	5,726	839	972	960	873	+60.0%
Total liabilities & equity	324,012	256,938	261,632	257,709	239,535	+7.8%
Additional fields
Accrued Expenses	10,763	8,486	7,655	7,486	6,972	+11.5%
Net Debt	34,465	17,760	12,658	5,661	25,729	+7.6%
Total Investments	43,871	47,442	46,857	45,461	40,731	+1.9%