ChevronCVX +0.58%62 Market Cap is $343,431 Mil as of Jun. 25, 2026. GuruFocus rates CVX with a GF Score™ of 62/100 and a GF Value™ of $149.44 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,043 Oil & Gas companies, Chevron ranks better than 99.71% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Chevron's share price for the quarter that ended in Mar. 2026 was $206.9. Chevron's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 1,992 Mil. Therefore, Chevron's market cap for the quarter that ended in Mar. 2026 was $412,062 Mil.
Chevron's quarterly market cap
declined
from Sep. 2025 ($310,480 Mil) to Dec. 2025 ($301,810 Mil) but then
increased
from Dec. 2025 ($301,810 Mil) to Mar. 2026 ($412,062 Mil).
Chevron's annual market cap
declined
from Dec. 2023 ($276,167 Mil) to Dec. 2024 ($256,224 Mil) but then
increased
from Dec. 2024 ($256,224 Mil) to Dec. 2025 ($301,810 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Chevron's Enterprise Value for Today is $389,188 Mil.
Chevron (NYSE:CVX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Chevron Market Cap Related Terms
Chevron Market Cap Historical Data
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The historical data trend for Chevron's Market Cap 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.
For the Oil & Gas Integrated subindustry, Chevron's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Chevron's Market Cap distribution charts can be found below:
* The bar in red indicates where Chevron's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Chevron's Market Cap 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 (CVX) has a Market Cap of $343,431 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Chevron and its competitors. According to the industry distribution chart, Chevron ranks #3 out of 1043 companies in the Oil & Gas industry, placing it in the top 0.3%.
Is Chevron's Market Cap too high?
Chevron's current Market Cap is $343,431 Mil. The Oil & Gas industry median Market Cap is 210.36. Chevron's value of $343,431 Mil is 163162.6% above this industry median. Based on the distribution chart, Chevron ranks #3 out of 1043 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Chevron has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chevron's Market Cap compare to XOM and NFG?
According to the Oil & Gas industry distribution chart, Chevron ranks #3 out of 1043 companies for Market Cap. This places Chevron in the top 0% of its industry — outperforming the majority of peers. The industry median Market Cap is 210.36. Chevron's value of $343,431 Mil is 163162.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 210.36, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chevron's current Market Cap of $343,431 Mil is 163162.6% above 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Chevron and its competitors. For the Oil & Gas industry, the median Market Cap is 210.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chevron's current Market Cap is $343,431 Mil. 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?
Based on GuruFocus' analysis, Chevron (CVX) is currently considered Modestly Overvalued. The stock's GF Value™ is $149.44, compared to a current price of $172.44 — trading 15.4% above its estimated fair value. The current Market Cap is $343,431 Mil and 163162.6% above the Oil & Gas industry median of 210.36. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Chevron (CVX), the current Market Cap is $343,431 Mil as of Jun. 25, 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 (CVX) Overvalued in 2026?
Based on GuruFocus' analysis, Chevron stock appears to be overvalued.
The current stock price of $172.44 is trading 15.4% above its estimated GF Value™ of $149.44.
GuruFocus considers Chevron to be Modestly Overvalued.
Key valuation signals for CVX:
Market Cap: $343,431 Mil
GF Value™: $149.44 vs. price of $172.44 (15.4% above fair value)
Industry Position: 163162.6% above the Oil & Gas median (#3 of 1043)
No single metric tells the full story. See the 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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