Chevron (WBO:CVX) Debt-to-Equity : 0.17 (As of Sep. 2024)

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What is Chevron Debt-to-Equity?

Chevron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €4,635 Mil. Chevron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was €18,648 Mil. Chevron's Total Stockholders Equity for the quarter that ended in Sep. 2024 was €140,738 Mil. Chevron's debt to equity for the quarter that ended in Sep. 2024 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Chevron's Debt-to-Equity or its related term are showing as below:

WBO:CVX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.23 Max: 0.35
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Chevron was 0.35. The lowest was 0.12. And the median was 0.23.

WBO:CVX's Debt-to-Equity is ranked better than
73.3% of 824 companies
in the Oil & Gas industry
Industry Median: 0.47 vs WBO:CVX: 0.17

Chevron Debt-to-Equity Historical Data

The historical data trend for Chevron's Debt-to-Equity 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.

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Chevron Debt-to-Equity Chart

Chevron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.19

0.34

0.23

0.15

0.13

Chevron Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.12	0.13	0.14	0.15	0.17

Competitive Comparison of Chevron's Debt-to-Equity

For the Oil & Gas Integrated subindustry, Chevron's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chevron's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Chevron's Debt-to-Equity falls into.

Chevron Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Chevron's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(485.093	+	18621.519)	/	147597.569
	=	0.13

Chevron's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4634.744	+	18647.997)	/	140738.002
	=	0.17

Chevron (WBO:CVX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Chevron Debt-to-Equity Related Terms

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Chevron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (WBO:CVX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CVX:USA CVX:Peru CVX:Mexico 1CVX:Italy CHVd:UK CHV:Germany CHV:Germany CHV:Germany CHV:Germany CHEV:Canada CHVX34:Brazil CHV:Bulgaria CVX:Argentina

Address

6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324

Website

https://www.chevron.com

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 production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.