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Chevron Corp.
CVXEnergyGenerated Sep 5, 2026, 02:26 PM UTC
CVX (Chevron Corp.) analytical snapshot. Revenue declined +6.8% YoY to $189.03B. 5-year revenue CAGR +3.1%; 10y CAGR +5.7%. Net margin at 6.51% (contracting ▼). Market cap $412.15B at $208.60 per share. Trailing P/E 31.46, P/S 2.18, P/B 2.17. Graham number $119.74 (trades above intrinsic). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -23 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$412.15B
1.98B shares
Price
$208.60
NYQ
P/E (ttm)
31.46
Revenue (FY)
$189.03B
YoY -6.8%
Net margin
6.51%
▼ 7.90pp
Free cash flow
$16.59B
8.78% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score -10Stable
80% conf
Latest annual report (10-K) filed Feb 24, 2026. Latest quarterly report (10-Q) filed Aug 6, 2026. 7 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 24, 2026.
- Latest quarterly report (10-Q) filed Aug 6, 2026.
- 7 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 4 sell transactions — net selling $67.5M.
- ~10,000+ recent 13F-HR filings reference Chevron Corp.; broad institutional reporting.
- Recent filers include Axiom Investment Management LLC, BERKSHIRE HATHAWAY INC (BRK-A, BRK-B), Capital Wealth Planning, LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 24, 2026
Annual report
Latest 10-Q
Aug 6, 2026
8-K (recent)
7
Insider net
-$67.5M
0B/4S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Axiom Investment Management LLC | 13F-HR | Feb 14, 2023 |
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | Nov 14, 2022 |
| Capital Wealth Planning, LLC | 13F-HR | May 14, 2019 |
| Capital Wealth Planning, LLC | 13F-HR | Feb 13, 2019 |
| BERKSHIRE HATHAWAY INC (BRK-A, BRK-B) | 13F-HR | Feb 14, 2023 |
Recent insider Form 4 activity
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| Pate R. Hewitt | Aug 20, 2026 | -$506.6K | 0/1 |
| Walz Andrew Benjamin | Aug 19, 2026 | -$3.4M | 0/1 |
| Wirth Michael K | Aug 18, 2026 | -$63.6M | 0/2 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 31, 2026 | 8-K | 8-K |
| May 29, 2026 | 8-K | 8-K |
| May 29, 2026 | 8-K | 8-K |
| May 1, 2026 | 8-K | 8-K |
| Apr 9, 2026 | 8-K | 8-K |
| Mar 25, 2026 | 8-K | 8-K |
| Jan 30, 2026 | 8-K | 8-K |
Insider Form 4 sentiment (transactions)
Buys: 0
Sells: 4
Buys
Sells
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -27Deteriorating
68% conf
2 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 2.76x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: 2 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Going concern doubt.
- Ongoing high-severity risk language: Restatement of financial statements.
Revenue
$189.03B
-6.8% YoY
Net income
$12.30B
-30.4% YoY
Operating cash flow
$33.94B
+7.8% YoY
Capex
$17.35B
+5.5% YoY
Total assets
$324.01B
+26.1% YoY
Total liabilities
$131.84B
+27.0% YoY
Long-term debt
$25.68B
0.0% YoY
Cash & equivalents
$7.29B
-11.8% YoY
Filing quality score
76/100
3 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $202.79B | $189.03B | $-13.76B | -6.8% |
| Net income | $17.66B | $12.30B | $-5.36B | -30.4% |
| Operating cash flow | $31.49B | $33.94B | $2.45B | +7.8% |
| Capex | $16.45B | $17.35B | $899.0M | +5.5% |
| Total assets | $256.94B | $324.01B | $67.07B | +26.1% |
| Total liabilities | $103.78B | $131.84B | $28.05B | +27.0% |
| Long-term debt | $25.68B | $25.68B | $0 | 0.0% |
| Cash & equivalents | $8.26B | $7.29B | $-977.0M | -11.8% |
| Stockholders equity | $152.32B | $186.45B | $34.13B | +22.4% |
| Inventory | $9.07B | $9.71B | $637.0M | +7.0% |
| Accounts receivable | $18.34B | $15.99B | $-2.35B | -12.8% |
| R&D expense | $353.0M | $427.0M | $74.0M | +21.0% |
| SG&A expense | $4.83B | $5.13B | $292.0M | +6.0% |
| Interest expense | $594.0M | $1.22B | $623.0M | +104.9% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AssetsFairValueDisclosure, DerivativeCollateralObligationToReturnCash, LiabilitiesFairValueDisclosure |
| Removed | AccretionExpense, AccrualForEnvironmentalLossContingencies, AssetImpairmentCharges, AssetRetirementObligation, AssetRetirementObligationAccretionExpense, AssetRetirementObligationLiabilitiesIncurred, AssetRetirementObligationLiabilitiesSettled, AssetRetirementObligationRevisionOfEstimate, AssetRetirementObligationsNoncurrent, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 2 | 0 | NEW |
| Restatement of financial statements | high | 1 | 1 | Ongoing |
| Impairment charge | medium | 5 | 2 | Ongoing |
| Restructuring | medium | 5 | 2 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 5 | 8 | Ongoing |
Filing signal breakdown
Red flags: 2
Positive: 1
Watch: 0
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score -60Deteriorating
80% conf
Revenue declined +6.8% YoY to $189.03B. 5-year revenue CAGR +3.1%; 10y CAGR +5.7%. Net margin at 6.51% (contracting ▼).
- Revenue declined +6.8% YoY to $189.03B.
- 5-year revenue CAGR +3.1%; 10y CAGR +5.7%.
- Net margin at 6.51% (contracting ▼).
- Return on equity 6.60%, ROA 3.80%, ROIC 0.00%.
- Gross margin 0.00%, operating margin 0.00%.
- Free cash flow margin 8.78% ($16.59B).
- Net income down ▼ +30.4% YoY.
- Debt/equity 0.14, current ratio 1.25, net debt $21.67B.
- Asset turnover 0.57 — capital efficiency.
Revenue (FY)
$189.03B
YoY -6.8%
Net margin
6.51%
▼ 7.90pp
ROE
6.60%
ROA 3.80%
ROIC
0.00%
EPS (diluted)
$6.63
FY2025
Free cash flow
$16.59B
8.78% margin
Debt / equity
0.14
Cash $4.01B
Current ratio
1.25
Equity $189.88B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $202.79B | +0.9% | 0.00 | 0.00 | 8.71 | $15.04B | 11.59 |
| 2025 | $189.03B | -6.8% | 0.00 | 0.00 | 6.51 | $16.59B | 6.60 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Sep 30, 2024 | $50.67B | -6.3% | — | 8.86% |
| Mar 31, 2025 | $47.61B | -2.3% | -6.0% | 7.35% |
| Jun 30, 2025 | $44.82B | -12.4% | -5.9% | 5.56% |
| Sep 30, 2025 | $49.73B | -1.9% | +10.9% | 7.12% |
| Mar 31, 2026 | $48.61B | +2.1% | -2.3% | 4.55% |
| Jun 30, 2026 | $70.06B | +56.3% | +44.1% | 17.23% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -50Deteriorating
95% conf
Market cap $412.15B at $208.60 per share. Trailing P/E 31.46, P/S 2.18, P/B 2.17. Graham number $119.74 (trades above intrinsic).
- Market cap $412.15B at $208.60 per share.
Market cap
$412.15B
1.98B shares
P/E (ttm)
31.46
P/S
2.18
P/B
2.17
EV
$433.81B
Intrinsic (DCF)
$144.46
-30.7% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $208.60 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 61.85.
- Price $208.60 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$208.60
NYQ
RSI(14)
61.85
50-DMA
$191.15
200-DMA
$181.12
Volatility (ann.)
23.48%
52w range
$146.49–$214.71
-2.8% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.77%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.77%
10Y−2Y
0.41pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -10Stable
90% conf
Composite risk Moderate. Leverage debt/equity 0.14 (low). Liquidity current ratio 1.25 (adequate).
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
0.14
Current ratio
1.25
Margin stdev
4.65pp
Cash / assets
1.21%
Liab / assets
40.76%
ProFull breakdown & reasoning locked
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3 sections free · 4 Pro previews · composite -23
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Chevron Corp. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
14.32
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewPrice $208.60 — uptrend (above 200-DMA); 1-month momentum positive..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow CVX stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Intuit Inc. INTU | 35 | Supportive |
| CF Industries CF | 34 | Supportive |
| MercadoLibre Inc. MELI | 29 | Supportive |
| Shopify Inc. SHOP | 27 | Supportive |
| Alphabet Inc. GOOGL | 26 | Supportive |
| Newmont Corp. NEM | 24 | Supportive |
| Booking Holdings BKNG | 24 | Supportive |
| Uber Technologies UBER | 24 | Supportive |
| Salesforce Inc. CRM | 23 | Supportive |
| Meta Platforms Inc. META | 23 | Supportive |
| Okta Inc. OKTA | 18 | Supportive |
| Qualcomm Inc. QCOM | 18 | Supportive |
| Roku Inc. ROKU | 17 | Supportive |
| Comcast Corp. CMCSA | 17 | Supportive |
| Microsoft Corp. MSFT | 16 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Netflix Inc. NFLX | 15 | Supportive |
| Workday Inc. WDAY | 15 | Supportive |
| Adobe Inc. ADBE | 14 | Supportive |
| Pinterest Inc. PINS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
| Airbnb Inc. ABNB | 12 | Supportive |
| Dollar General Corp. DG | 12 | Supportive |
| T-Mobile US Inc. TMUS | 12 | Supportive |
| NVIDIA Corp. NVDA | 11 | Supportive |
| Energy Transfer ET | 8 | Supportive |
| ConocoPhillips COP | 8 | Supportive |
| Oracle Corp. ORCL | 8 | Supportive |
| Spotify Technology SPOT | 8 | Supportive |
| Lam Research Corp. LRCX | 8 | Supportive |
| Cloudflare Inc. NET | 8 | Supportive |
| Delta Air Lines DAL | 7 | Supportive |
| Valero Energy VLO | 7 | Supportive |
| Ulta Beauty Inc. ULTA | 6 | Supportive |
| ASML Holding NV ASML | 6 | Supportive |
| Exxon Mobil Corp. XOM | 6 | Supportive |
| Amazon.com Inc. AMZN | 5 | Supportive |
| Eaton Corp. ETN | 4 | Supportive |
| Advanced Micro Devices AMD | 4 | Supportive |
| United Airlines Holdings UAL | 3 | Supportive |
| Chipotle Mexican Grill CMG | 3 | Supportive |
| GE Aerospace GE | 2 | Supportive |
| Snowflake Inc. SNOW | 2 | Supportive |
| Zscaler Inc. ZS | 2 | Supportive |
| IBM Corp. IBM | 2 | Supportive |
| Devon Energy DVN | 1 | Supportive |
| Verizon Communications VZ | 1 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| Apple Inc. AAPL | -1 | Supportive |
| Occidental Petroleum OXY | -1 | Supportive |
| General Dynamics GD | -1 | Supportive |
| Honeywell International HON | -1 | Supportive |
| Micron Technology MU | -2 | Supportive |
| ServiceNow Inc. NOW | -3 | Supportive |
| Walt Disney Co. DIS | -3 | Supportive |
| Kinder Morgan KMI | -4 | Supportive |
| General Motors Co. GM | -4 | Supportive |
| Applied Materials Inc. AMAT | -5 | Supportive |
| Alibaba Group BABA | -6 | Supportive |
| Phillips 66 PSX | -6 | Supportive |
| Schlumberger N.V. SLB | -7 | Supportive |
| EOG Resources EOG | -7 | Supportive |
| CrowdStrike Holdings CRWD | -7 | Supportive |
| Marathon Petroleum MPC | -8 | Supportive |
| Cisco Systems Inc. CSCO | -8 | Supportive |
| Lowe's Cos. LOW | -8 | Supportive |
| Autodesk Inc. ADSK | -9 | Supportive |
| RTX Corp. RTX | -9 | Supportive |
| TJX Cos. TJX | -10 | Supportive |
| Union Pacific Corp. UNP | -10 | Supportive |
| Mosaic Co. MOS | -10 | Supportive |
| Nucor Corp. NUE | -10 | Supportive |
| Nike Inc. NKE | -10 | Supportive |
| Boeing Co. BA | -10 | Supportive |
| Texas Instruments TXN | -13 | Supportive |
| McDonald's Corp. MCD | -13 | Supportive |
| Linde plc LIN | -13 | Supportive |
| Freeport-McMoRan FCX | -14 | Supportive |
| United Parcel Service UPS | -14 | Supportive |
| Broadcom Inc. AVGO | -15 | Supportive |
| Norfolk Southern NSC | -16 | Supportive |
| Palo Alto Networks PANW | -16 | Supportive |
| Air Products & Chemicals APD | -17 | Supportive |
| Caterpillar Inc. CAT | -18 | Supportive |
| Royal Caribbean Group RCL | -19 | Supportive |
| Old Dominion Freight ODFL | -19 | Supportive |
| Lockheed Martin LMT | -20 | Supportive |
| Intel Corp. INTC | -20 | Supportive |
| Yum Brands Inc. YUM | -21 | Supportive |
| Chevron Corp. CVX● you | -23 | Supportive |
| 3M Co. MMM | -23 | Supportive |
| Warner Bros Discovery WBD | -25 | Supportive |
| Deere & Co. DE | -25 | Supportive |
| Microchip Technology MCHP | -25 | Supportive |
| Sherwin-Williams SHW | -26 | Supportive |
| Albemarle Corp. ALB | -27 | Supportive |
| CSX Corp. CSX | -27 | Supportive |
| Dow Inc. DOW | -29 | Supportive |
| Marriott International MAR | -30 | Supportive |
| Home Depot Inc. HD | -31 | Supportive |
| Starbucks Corp. SBUX | -32 | Supportive |
| Tesla Inc. TSLA | -40 | Supportive |
| ON Semiconductor Corp. ON | -44 | Supportive |