ChevronXSWX:CVX -0.72%62 Days Payable is 57.17 as of Mar. 2026, which is 6% above its 10-year median of 53.71. GuruFocus rates XSWX:CVX with a GF Score™ of 62/100 and a GF Value™ of CHF121.44. The stock has 5 warning signs investors should review. Among 849 Oil & Gas companies, Chevron ranks worse than 50.77% on this metric.
Chevron's average Accounts Payable for the
three
months ended in Mar. 2026 was CHF16,807 Mil. Chevron's Cost of Goods Sold for the
three
months ended in Mar. 2026 was CHF26,826 Mil.
Hence, Chevron's Days Payable for the
three
months ended in Mar. 2026 was 57.17.
The historical rank and industry rank for Chevron's Days Payable or its related term are showing as below:
XSWX:CVX'
s Days Payable Range Over the Past 10 Years
Min: 39.96 Med: 53.71 Max: 63.81
Current: 56.86
During the past 13 years, Chevron's highest Days Payable was 63.81. The lowest was 39.96. And the median was 53.71.
XSWX:CVX's Days Payable is ranked worse than 50.77% of 849
companies
in the Oil & Gas industry
Industry Median: 57.95
vs XSWX:CVX: 56.86
Chevron's Days Payable
declined
from Mar. 2025 (60.15) to Mar. 2026 (57.17).
It may suggest that Chevronaccelerated paying its suppliers.
Chevron Days Payable Related Terms
Chevron Days Payable Historical Data
* Premium members only.
The historical data trend for Chevron's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:CVX vs XOM, NFG, DEC: Days Payable Comparison
For the Oil & Gas Integrated subindustry, Chevron's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Chevron Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Chevron's Days Payable distribution charts can be found below:
* The bar in red indicates where Chevron's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Chevron's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Chevron (XSWX:CVX) has a Days Payable of 57.17 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Chevron and its competitors. This is near median its historical median of 53.71. Over the past decade, Chevron's Days Payable has ranged from 39.96 to 63.81. According to the industry distribution chart, Chevron ranks #431 out of 849 companies in the Oil & Gas industry, placing it in the top 50.8%.
Is Chevron's Days Payable too high?
Chevron's current Days Payable of 57.17 is near median its 10-year median of 53.71. Over the past 10 years, this metric has ranged from a low of 39.96 to a high of 63.81. The Oil & Gas industry median Days Payable is 57.95. Chevron's value of 57.17 is 1.3% below this industry median. Based on the distribution chart, Chevron ranks #431 out of 849 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Chevron has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Chevron's Days Payable compare to XOM and NFG?
According to the Oil & Gas industry distribution chart, Chevron ranks #431 out of 849 companies for Days Payable. This places Chevron in the lower half of its industry. The industry median Days Payable is 57.95. Chevron's value of 57.17 is 1.3% below this benchmark. Historically, Chevron's own Days Payable has ranged from 39.96 to 63.81 over the past decade. While the company's 10-year median is 53.71 vs. the industry median of 57.95, Chevron has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chevron's current Days Payable of 57.17 is 1.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Chevron and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chevron's current Days Payable is 57.17, which is near median its own 10-year median of 53.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chevron stock overvalued right now?
Chevron (XSWX:CVX) has a current Days Payable of 57.17. The stock's GF Value™ is CHF121.44, compared to a current price of CHF138.91 — trading 14.4% above its estimated fair value. The current Days Payable is 57.17, which is near median its 10-year median of 53.71 and 1.3% below the Oil & Gas industry median of 57.95. Chevron's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Chevron (XSWX:CVX), the current Days Payable is 57.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Chevron (XSWX:CVX) Overvalued in 2026?
Based on GuruFocus' analysis, Chevron stock appears to be overvalued.
The current stock price of CHF138.91 is trading 14.4% above its estimated GF Value™ of CHF121.44.
Key valuation signals for XSWX:CVX:
Days Payable: 57.17 (near median its 10-year median of 53.71)
GF Value™: CHF121.44 vs. price of CHF138.91 (14.4% above fair value)
Industry Position: 1.3% below the Oil & Gas median (#431 of 849)
No single metric tells the full story. See the XSWX:CVX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with 2025 worldwide net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet per day of natural gas and 2.3 million barrels of liquids per day. Production takes place in North America, South America, Europe, Africa, Asia, and Australia. The company's refining networks arelocated in the United States and Asia, with a total worldwide refining capacity of 1.8 million barrels of oil a day at year-end 2025. Net proved reserves at year-end 2025 stood at 10.6 billion barrels of oil equivalent, consisting of 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.
62GF Score
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