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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.81
CVX's Cash to Debt is ranked higher than
91% of the 193 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.38 vs. CVX: 0.81 )
CVX' s 10-Year Cash to Debt Range
Min: 0.16   Max: 1.98
Current: 0.81

0.16
1.98
Equity to Asset 0.59
CVX's Equity to Asset is ranked higher than
91% of the 189 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.45 vs. CVX: 0.59 )
CVX' s 10-Year Equity to Asset Range
Min: 0.4   Max: 0.59
Current: 0.59

0.4
0.59
F-Score: 4
Z-Score: 3.76
M-Score: -2.71
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 15.69
CVX's Operating margin (%) is ranked higher than
90% of the 172 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 8.82 vs. CVX: 15.69 )
CVX' s 10-Year Operating margin (%) Range
Min: 5.91   Max: 19.15
Current: 15.69

5.91
19.15
Net-margin (%) 9.36
CVX's Net-margin (%) is ranked higher than
91% of the 172 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.92 vs. CVX: 9.36 )
CVX' s 10-Year Net-margin (%) Range
Min: 1.15   Max: 10.82
Current: 9.36

1.15
10.82
ROE (%) 14.37
CVX's ROE (%) is ranked higher than
93% of the 174 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 9.50 vs. CVX: 14.37 )
CVX' s 10-Year ROE (%) Range
Min: 3.58   Max: 29.47
Current: 14.37

3.58
29.47
ROA (%) 8.44
CVX's ROA (%) is ranked higher than
93% of the 175 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 4.58 vs. CVX: 8.44 )
CVX' s 10-Year ROA (%) Range
Min: 1.46   Max: 14.85
Current: 8.44

1.46
14.85
ROC (Joel Greenblatt) (%) 21.64
CVX's ROC (Joel Greenblatt) (%) is ranked higher than
95% of the 175 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 13.02 vs. CVX: 21.64 )
CVX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9.1   Max: 65.25
Current: 21.64

9.1
65.25
Revenue Growth (%) 4.90
CVX's Revenue Growth (%) is ranked higher than
81% of the 160 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 6.30 vs. CVX: 4.90 )
CVX' s 10-Year Revenue Growth (%) Range
Min: -10.8   Max: 29
Current: 4.9

-10.8
29
EBITDA Growth (%) 4.60
CVX's EBITDA Growth (%) is ranked higher than
85% of the 156 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 3.70 vs. CVX: 4.60 )
CVX' s 10-Year EBITDA Growth (%) Range
Min: -20.1   Max: 47.1
Current: 4.6

-20.1
47.1
EPS Growth (%) 5.20
CVX's EPS Growth (%) is ranked higher than
90% of the 158 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -0.60 vs. CVX: 5.20 )
CVX' s 10-Year EPS Growth (%) Range
Min: -40.3   Max: 132.6
Current: 5.2

-40.3
132.6
» CVX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

CVX Guru Trades in Q2 2013

T Boone Pickens 2,100 sh (New)
Tom Gayner 43,000 sh (New)
Ray Dalio 74,535 sh (+94.43%)
Dodge & Cox 12,141,619 sh (+34.29%)
Tom Russo 65,471 sh (+30.37%)
Jeremy Grantham 12,036,143 sh (+23.65%)
Manning & Napier Advisors, Inc 282,205 sh (+8%)
David Dreman 2,795 sh (+5.31%)
Charles Brandes 61,540 sh (+4.65%)
Ruane Cunniff 5,668 sh (+3.66%)
Bill Frels 133,397 sh (+2.7%)
Brian Rogers 5,366,000 sh (unchged)
George Soros 253,400 sh (unchged)
Jeff Auxier 32,128 sh (unchged)
Meridian Funds 4,700 sh (unchged)
Jean-Marie Eveillard 1,004 sh (unchged)
Ken Fisher 3,579,123 sh (-0.33%)
Murray Stahl 11,377 sh (-2.81%)
Irving Kahn 7,968 sh (-5.12%)
Mario Gabelli 173,569 sh (-7.62%)
Paul Tudor Jones 5,600 sh (-12.5%)
Pioneer Investments 2,651,211 sh (-23.1%)
Ken Heebner 55,000 sh (-71.79%)
James Barrow 315,841 sh (-80.64%)
Steven Cohen 4,696 sh (-95.13%)
» More
Q3 2013

CVX Guru Trades in Q3 2013

John Hussman 2,500 sh (New)
Steven Cohen 47,085 sh (+902.66%)
Ken Heebner 120,000 sh (+118.18%)
Tom Gayner 76,000 sh (+76.74%)
Signature Select Canadian Fund 104,400 sh (+26.39%)
Charles Brandes 64,225 sh (+4.36%)
Murray Stahl 11,639 sh (+2.3%)
Bill Frels 136,096 sh (+2.02%)
Manning & Napier Advisors, Inc 284,810 sh (+0.92%)
Ruane Cunniff 5,718 sh (+0.88%)
Jeremy Grantham 12,072,776 sh (+0.3%)
Brian Rogers 5,366,000 sh (unchged)
Jean-Marie Eveillard 1,004 sh (unchged)
Jeff Auxier 32,128 sh (unchged)
Tom Russo 65,471 sh (unchged)
George Soros 1,925,000 sh (unchged)
T Boone Pickens Sold Out
Ken Fisher 3,530,708 sh (-1.35%)
James Barrow 301,776 sh (-4.45%)
Dodge & Cox 11,599,867 sh (-4.46%)
David Dreman 2,653 sh (-5.08%)
Mario Gabelli 162,744 sh (-6.24%)
Irving Kahn 7,088 sh (-11.04%)
Pioneer Investments 2,188,008 sh (-17.47%)
Ray Dalio 58,900 sh (-20.98%)
Paul Tudor Jones 2,800 sh (-50%)
» More
Q4 2013

CVX Guru Trades in Q4 2013

John Hussman 174,000 sh (+6860%)
Ray Dalio 96,100 sh (+63.16%)
Paul Tudor Jones 3,702 sh (+32.21%)
Tom Gayner 95,000 sh (+25%)
Bill Frels 163,583 sh (+20.2%)
Charles Brandes 76,902 sh (+19.74%)
Jeremy Grantham 13,580,378 sh (+12.49%)
Murray Stahl 12,939 sh (+11.17%)
David Dreman 2,855 sh (+7.61%)
James Barrow 317,041 sh (+5.06%)
Ken Fisher 3,531,825 sh (+0.03%)
Steven Cohen 46,000 sh (unchged)
Jean-Marie Eveillard 1,004 sh (unchged)
Irving Kahn 7,088 sh (unchged)
Brian Rogers 5,366,000 sh (unchged)
Jeff Auxier 32,128 sh (unchged)
Ken Heebner Sold Out
Tom Russo 64,761 sh (-1.08%)
Dodge & Cox 11,431,382 sh (-1.45%)
Ruane Cunniff 5,618 sh (-1.75%)
Manning & Napier Advisors, Inc 272,268 sh (-4.4%)
Mario Gabelli 149,386 sh (-8.21%)
Pioneer Investments 720,190 sh (-67.08%)
Steven Cohen 3,092 sh (-93.43%)
» More
Q1 2014

CVX Guru Trades in Q1 2014

Manning & Napier Advisors, Inc 273,784 sh (+0.56%)
Brian Rogers 5,366,000 sh (unchged)
Ken Fisher 3,400,506 sh (-3.72%)
» More
» Details

Insider Trades

Latest Guru Trades with CVX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2013-12-31 Add 6860%1.48%$116.13 - $125.23 $ 124.693%174000
Tom Gayner 2013-12-31 Add 25%0.08%$116.13 - $125.23 $ 124.693%95000
Ray Dalio 2013-12-31 Add 63.16%0.04%$116.13 - $125.23 $ 124.693%96100
Tom Gayner 2013-09-30 Add 76.74%0.14%$117.7 - $127.76 $ 124.691%76000
John Hussman 2013-09-30 New Buy0.02%$117.7 - $127.76 $ 124.691%2500
Ray Dalio 2013-09-30 Reduce -20.98%0.02%$117.7 - $127.76 $ 124.691%58900
Dodge & Cox 2013-06-30 Add 34.29%0.43%$114.81 - $126.43 $ 124.693%12141619
James Barrow 2013-06-30 Reduce -80.64%0.28%$114.81 - $126.43 $ 124.693%315841
Tom Gayner 2013-06-30 New Buy0.18%$114.81 - $126.43 $ 124.693%43000
Ray Dalio 2013-06-30 Add 94.43%0.04%$114.81 - $126.43 $ 124.693%74535
John Hussman 2013-03-31 Sold Out 0.71%$108.14 - $121.18 $ 124.698%0
Dodge & Cox 2013-03-31 Add 42.5%0.39%$108.14 - $121.18 $ 124.698%9041006
Joel Greenblatt 2013-03-31 Sold Out 0.05%$108.14 - $121.18 $ 124.698%0
Ray Dalio 2013-03-31 Add 57.53%0.01%$108.14 - $121.18 $ 124.698%38335
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 11.20
CVX's P/E(ttm) is ranked higher than
89% of the 174 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 13.60 vs. CVX: 11.20 )
CVX' s 10-Year P/E(ttm) Range
Min: 5.01   Max: 22.81
Current: 11.2

5.01
22.81
P/B 1.61
CVX's P/B is ranked higher than
76% of the 188 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.28 vs. CVX: 1.61 )
CVX' s 10-Year P/B Range
Min: 1.34   Max: 2.88
Current: 1.61

1.34
2.88
P/S 1.05
CVX's P/S is ranked higher than
69% of the 185 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.60 vs. CVX: 1.05 )
CVX' s 10-Year P/S Range
Min: 0.41   Max: 1.07
Current: 1.05

0.41
1.07
EV-to-EBIT 6.70
CVX's EV-to-EBIT is ranked higher than
92% of the 181 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 8.85 vs. CVX: 6.70 )
CVX' s 10-Year EV-to-EBIT Range
Min: 2.6   Max: 8.7
Current: 6.7

2.6
8.7
PEG 0.78
CVX's PEG is ranked higher than
86% of the 140 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.44 vs. CVX: 0.78 )
CVX' s 10-Year PEG Range
Min: 0.23   Max: 13.23
Current: 0.78

0.23
13.23
Shiller P/E 11.13
CVX's Shiller P/E is ranked higher than
87% of the 126 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 10.81 vs. CVX: 11.13 )
CVX' s 10-Year Shiller P/E Range
Min: 7.46   Max: 17.85
Current: 11.13

7.46
17.85

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.20
CVX's Dividend Yield is ranked higher than
54% of the 165 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 3.31 vs. CVX: 3.20 )
CVX' s 10-Year Dividend Yield Range
Min: 2.29   Max: 4.46
Current: 3.2

2.29
4.46
Dividend Payout 0.35
CVX's Dividend Payout is ranked higher than
87% of the 137 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.57 vs. CVX: 0.35 )
CVX' s 10-Year Dividend Payout Range
Min: 0.22   Max: 2.64
Current: 0.35

0.22
2.64
Dividend growth (3y) 11.20
CVX's Dividend growth (3y) is ranked higher than
91% of the 125 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 5.40 vs. CVX: 11.20 )
CVX' s 10-Year Dividend growth (3y) Range
Min: 2.8   Max: 13.9
Current: 11.2

2.8
13.9
Yield on cost (5-Year) 5.22
CVX's Yield on cost (5-Year) is ranked higher than
80% of the 163 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 3.95 vs. CVX: 5.22 )
CVX' s 10-Year Yield on cost (5-Year) Range
Min: 3.74   Max: 7.28
Current: 5.22

3.74
7.28
Share Buyback Rate 1.10
CVX's Share Buyback Rate is ranked higher than
94% of the 142 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: -0.40 vs. CVX: 1.10 )
CVX' s 10-Year Share Buyback Rate Range
Min: 3.1   Max: -17.4
Current: 1.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.66
CVX's Price/Tangible Book is ranked higher than
78% of the 165 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.45 vs. CVX: 1.66 )
CVX' s 10-Year Price/Tangible Book Range
Min: 1.6   Max: 3.18
Current: 1.66

1.6
3.18
Price/DCF (Projected) 1.28
CVX's Price/DCF (Projected) is ranked higher than
87% of the 103 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.31 vs. CVX: 1.28 )
CVX' s 10-Year Price/DCF (Projected) Range
Min: 0.72   Max: 3.98
Current: 1.28

0.72
3.98
Price/Median PS Value 1.33
CVX's Price/Median PS Value is ranked higher than
68% of the 161 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.83 vs. CVX: 1.33 )
CVX' s 10-Year Price/Median PS Value Range
Min: 0.7   Max: 2.26
Current: 1.33

0.7
2.26
Price/Peter Lynch Fair Value 0.88
CVX's Price/Peter Lynch Fair Value is ranked higher than
85% of the 65 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.00 vs. CVX: 0.88 )
CVX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.3   Max: 5.5
Current: 0.88

0.3
5.5
Price/Graham Number 0.91
CVX's Price/Graham Number is ranked higher than
86% of the 151 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 0.99 vs. CVX: 0.91 )
CVX' s 10-Year Price/Graham Number Range
Min: 0.7   Max: 2.54
Current: 0.91

0.7
2.54
Earnings Yield (Greenblatt) 14.90
CVX's Earnings Yield (Greenblatt) is ranked higher than
92% of the 179 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 11.30 vs. CVX: 14.90 )
CVX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 11.5   Max: 38.9
Current: 14.9

11.5
38.9
Forward Rate of Return (Yacktman) 15.28
CVX's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 135 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 11.03 vs. CVX: 15.28 )
CVX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -2.3   Max: 39.4
Current: 15.28

-2.3
39.4

Business Description

Industry: Oil & Gas - Integrated » Oil & Gas Integrated
Compare:XOM, RDS.B, EC, PBR, OGZPY » details
Traded in other countries:CHTEX.Netherlands, CVX.Belgium, CHV.Germany
Chevron Corporation was incorporated in Delaware in 1926 as Standard Oil Company of California, and it adopted the name Chevron Corporation in 1984 and ChevronTexaco Corporation in 2001. In 2005, ChevronTexaco Corporation changed its name to Chevron Corporation. It manages its investments in subsidiaries and affiliates and provides administrative, financial, management and technology support to U.S. and international subsidiaries that engage in fully integrated petroleum operations, chemicals operations, mining operations, power generation and energy services. Exploration and production 'upstream' operations consist of exploring for, developing and producing crude oil and natural gas and also marketing natural gas. Refining, marketing and transportation 'downstream' operations relate to refining crude oil into finished petroleum products; marketing crude oil and the many products derived from petroleum; and transporting crude oil, natural gas and petroleum products by pipeline, marine vessel, motor equipment and rail car. Chemical operations include the manufacture and marketing of commodity petrochemicals, plastics for industrial uses, and fuel and lubricant oil additives. The upstream, downstream and chemicals activities of the Company and its equity affiliates are dispersed geographically, with operations in North America, South America, Europe, Africa, the Middle East, Asia and Australia. Chevron owns and operates an extensive system of crude oil, refined products, chemicals, natural gas liquids and natural gas pipelines in the United States. The Company also has direct or indirect interests in other U.S. and international pipelines. Chevron Energy Solutions 'CES' is a wholly owned subsidiary that provides public institutions and businesses with sustainable energy projects designed to increase energy efficiency and reliability, reduce energy costs, and utilize renewable and alternative-power technologies. Since 2000, CES has developed hundreds of projects that would help government, education and other customers reduce their energy costs and carbon footprint. The Company's power generation business develops and operates commercial power projects and has interests in 13 power assets through joint ventures in the United States and Asia. It manages the production of more than 3100 megawatts of electricity through joint ventures. The Company operates gas-fired cogeneration facilities that use waste heat recovery to produce additional electricity or to support industrial thermal hosts. Virtually all aspects of the Company's businesses are subject to various U.S. federal, state and local environmental, health and safety laws and regulations and to similar laws and regulations in other countries.

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User Comments

Tsll@hotmail.com
ReplyTsll@hotmail.com - 5 months ago
Is Free Cash Flow really very close to Owner Earnings?
A company with 4bn cash from operations could invest 3bn in its own PPE (to grow, not only to "maintain")or acquire another company for 3bn. In the first case, Free Cash Flow is 1bn, in the latter 4bn, a multiple of 4.
(1) Is there a way to quantify the portion of PPE investment that is for growth instead of "maintenance"?
(2) Do you give credit for the "growth" portion of PPE investment or do you use strictly "Free CF = Cash from Operations - CapEx" throughout your calculations (ie your DCF number)?
Many thanks for your help (your website is by far the best that I have seen)!!
Thomas Noritzsch, Wiesbaden (Germany)

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