Chevron Corporation (CVX) Stock Analysis
Over the past 10 years, Chevron (CVX) earnings per share (EPS) grew 10.5% a year, revenue grew 3.6% a year and free cash flow grew 26.5% a year, with an average return on invested capital (ROIC) of 4.4%. CVX stock trades at $224.98, a P/E of 20.9, above its historical average of 17.0. Analysts' average 12-month price target is $212.00 (−5.8%).
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 2.1% | 7.4% | 13.2% | C+ |
| EPS GrowthEPS | 10.5% | 64.9% | 32.5% | A+ |
| Revenue GrowthRevenue | 3.6% | 14.3% | 11.2% | B |
| Cash Flow GrowthCash Flow | 26.5% | 58.2% | 67.1% | A+ |
| ROICROIC | 4.4% | 8.2% | 3.6% | C+ |
Exhibit B Valuation Ledger
- Current EPS
- $10.76
- Historical Avg P/E
- 17.0
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $81.45 | $77.72 | $78.06 | $80.74 | $76.10 | $70.42 | $72.42 | $82.09 | $85.60 | $83.85 | $100.46 | $96.14 | |
| Basic EPSEPS | $2.46 | -$0.27 | $4.88 | $7.81 | $1.55 | -$2.96 | $8.15 | $18.36 | $11.41 | $9.76 | $6.65 | $10.76 | |
| RevenueRevenue | $129,925,000,000 | $110,215,000,000 | $134,674,000,000 | $158,902,000,000 | $139,865,000,000 | $94,471,000,000 | $155,606,000,000 | $235,717,000,000 | $196,913,000,000 | $193,414,000,000 | $184,432,000,000 | $208,711,000,000 | |
| Free Cash FlowCash Flow | $-10,048,000,000 | $-5,263,000,000 | $7,111,000,000 | $16,800,000,000 | $13,200,000,000 | $1,677,000,000 | $21,087,000,000 | $37,628,000,000 | $19,780,000,000 | $15,044,000,000 | $16,592,000,000 | $27,012,000,000 | |
| ROIC (%)ROIC | -1.5% | -0.5% | 1.4% | 4.5% | 0.0% | -2.4% | 5.5% | 12.7% | 10.6% | 8.4% | 3.6% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
53 firms rate it — 34 buy, 15 hold, 4 sell · Most recent Oct 2026
CVX Stock FAQ
What is CVX's stock price target?
The average 12-month analyst price target for CVX is $212.00, with a range of $90.00 to $243.00. That is −5.8% from the current price of $224.98.
Do analysts rate CVX a buy?
Most rate it a buy. Of 53 firms covering Chevron, the ratings are 34 buy or strong buy, 15 hold and 4 sell or strong sell.
How fast is Chevron growing?
Annual growth rates for CVX. EPS: 10.5% over 10 years, 64.9% over 5 years, 32.5% over 1 year. Revenue: 3.6% over 10 years, 14.3% over 5 years, 11.2% over 1 year. Free cash flow: 26.5% over 10 years, 58.2% over 5 years, 67.1% over 1 year. Book value per share: 2.1% over 10 years, 7.4% over 5 years, 13.2% over 1 year.
What is CVX's ROIC?
Chevron's return on invested capital (ROIC) was 3.6% in fiscal 2025. Its 10-year average ROIC is 4.4%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is CVX's P/E ratio?
CVX's current P/E ratio is 20.9, compared with a historical average of 17.0. Trailing earnings per share are $10.76.
What is Chevron's market cap and stock price?
CVX last traded at $224.98 as of October 19, 2026. Its 52-week range is $146.49 to $225.30. Chevron has a market cap of $444.51B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.