Chevron Corp (CVX) stock analysis
Chevron Corp (CVX) clears 7 of this site's 8 mechanical value filters, 4 of 8 Buffett-style checks and 5 of 5 Lynch-style checks. At $226.68 it trades 9.4% below this site's neutral DCF value (a margin of safety of +9.4%). Its earnings quality rates Strong. Figures are as of October 23, 2026, from SEC filings and market data refreshed weekly; this is educational analysis, not investment advice.
Data as of October 23, 2026. Refreshed weekly from SEC filings and market data.
What does Chevron do?
Chevron is a major integrated oil company: it produces oil and gas, refines and sells fuels and makes chemicals. It bought Hess in 2025, adding a stake in Guyana's offshore Stabroek field.
Brands and businesses it owns
- Chevron
- Texaco
- Caltex
- Hess
What stands out about Chevron?
- The share price implies 5.6% yearly growth. At $226.68, CVX's free cash flow of $14.65 per share would have to grow 5.6% a year, fading to 2.5% by year 10, for this site's DCF (10% discount rate) to match the price. This site's baseline starts at 8%, so the price asks for less growth than the baseline. Change the assumptions.
- Misses 1 of the 8 value filters. It fails vs 200-day MA (±12%) (+18.5%); the other 7 pass. See every filter.
- Weakest against peers: return on equity. At 11% (peer median 16%) it ranks 20th of 21 among energy stocks this site tracks. See the ranking.
- Dividend raises 1 of 6 flags. Its trailing yield is 3.14%. See the Sustainable Dividend Screener.
- Held by investors this site follows. Warren Buffett (4.7% of its portfolio), from their latest 13F filings. See Superinvestors.
How has Chevron's share price moved?
The interactive price chart needs JavaScript.
Is Chevron undervalued? The value diligence check
Every value-investing signal this site computes for this stock, gathered in one place: the same real numbers from the tools below, not a new score.
- Margin of safety (DCF) +9.4%
- P/E vs. its own history 21.5x · near the expensive end Real range: 9.8x–23.0x over 5 years (net income per diluted share from each fiscal year's 10-K, paired with the real closing price at that fiscal year-end).
- Wall St. analyst rating Buy · 4.03/5 30 analysts this month: 7 strong buy, 18 buy, 4 hold, 1 sell, 0 strong sell (Finnhub).
- Earnings quality (is the profit real?) Strong · all 5 checks clean Beneish M-score −3.02 · accruals −7.4% of assets · 197% of profit arrived as cash · share count −0.6% a year. From the latest 10-K (year to Dec 2025) - see the Earnings Quality Screener for how each check is scored.
- Shareholder yield (cash back to owners) 5.6% gross Latest fiscal year (2025): dividends 2.9% + buybacks 2.7%. Stock comp is not reported in its filings, so no net figure. Over 14 years its split-adjusted share count fell 7%. See Shareholder Yield Leaders.
- Capital needed to grow (See's test) None needed · capital fell while profit grew · but only 14% return on capital Operating profit $9.6B → $26B, capital needed $193B → $193B, 2016–2025 (3-year averages); return on capital now 14% before tax. Buffett's See's Candies needed $0.42 per $1 of new profit, FlightSafety $3.20, a typical grower about $5. Cyclical: the answer depends on where in its cycle the window starts and ends. See Capital-Light Compounders.
- PEG (growth at a reasonable price) 0.72 · Under fair P/E 21.5× ÷ 29.8% a year of growth behind it. 61st lowest of 447 stocks with a usable PEG. Lynch's fair value is a PEG of 1; a very high PEG usually means almost no growth, a very low one a profit spike. See PEG Ratio Ranking.
- Compounder lenses (4) 2 of 4 · misses capital-light, cash back (n/a) Capital-light growth: not cleared (only 14% return on capital); Profit is real: cleared; Cash to owners: cannot be measured (stock comp not reported); Fair price (PEG): cleared. See Compounders at a Fair Price, which also lets you move the PEG bar.
- Value trap check Clear
- Munger's Inversion Check 0 flags
- Standing vs. sector peers 2 of 7 measures above the median Compared with the 20 other energy stocks this site tracks: 2 in the top third, 1 in the bottom third.
- Dividend payout sustainability 1/6 flags
How does Chevron compare with its peers?
2 of 7 measures sit above the median of the 20 other energy stocks tracked here, 2 in the top third and 1 in the bottom third.
- P/E ratiolower is cheaper · peer median 17.2× 21.5× –14th of 21
- Free-cash-flow yieldhigher is cheaper · peer median 6.5% 6.5% –11th of 21
- Return on equityhigher is better · peer median 16% 11% ✕20th of 21
- Net marginhigher is better · peer median 13.5% 9.9% –13th of 21
- Revenue growthhigher is better, year on year · peer median 11.2% 11.2% –11th of 21
- Debt / equitylower is safer · peer median 0.45 0.20 ✓4th of 21
- Dividend yieldamong dividend payers · peer median 2.10% 3.14% ✓4th of 21
Peers are the stocks this site tracks in the same sector group, not every listed competitor. The bar runs from the weakest peer (left) to the strongest (right); the tick is the middle. Measures that don't apply to a sector (cash-flow yield for banks, debt for financials) are left out.
What would Buffett & Lynch say?
Buffett's checklist is built around durable, profitable businesses bought at sensible prices, and CVX doesn't clear enough of it yet. In its favor: CVX and has kept that profitability up over five years, not just this year, carries a conservative amount of debt relative to equity, is trading below what a conservative discounted-cash-flow estimate says it's worth - his own "price is what you pay, value is what you get" test, not a fixed multiple ceiling, and trades at a reasonable multiple of owner earnings, his own term for the real cash a business could pay out. Where it comes up short: CVX isn't clearing the return-on-equity bar he'd want to see right now, runs thinner pretax margins than he'd like to see, hasn't grown earnings per share fast enough over five years to impress him, and doesn't cover its interest expense as comfortably as he'd want.
- ROE (TTM) > 11% ✕
- ROE (5yr avg) > 11% ✓
- Debt/Equity < 0.5 ✓
- Pretax margin > 15% ✕
- EPS growth (5yr) > 7% ✕
- Interest coverage > 5x ✕
- Trading below intrinsic value (DCF) ✓
- Price vs. owner earnings < 25x ✓
- Bonus: returning capital via buybacks FY2025
Lynch looked for growth stories that weren't overpriced for that growth, and CVX clears his bar. In its favor: CVX clears an even tighter PEG-under-1 bar he'd want for a stock growing this fast, is growing earnings 20-50% a year, his classic fast-grower zone, isn't leaning on debt to fund that growth, isn't asking too much even by a fast grower's usual richer multiple, and is generating real cash to back up a fast grower's higher price tag.
- PEG < 1 (stricter for fast growers) ✓
- EPS growth 20%-50% ✓
- Debt/Equity < 0.5 ✓
- P/E < 40 ✓
- Price/FCF < 40 ✓
Quantitative approximations of each investor's documented approach, not endorsed by either investor or their estates - commentary, not this site's actual ranking criteria. Buffett never published a numeric checklist: only 2 of his 8 checks here trace to his own documented concepts ("owner earnings," from his 1986 shareholder letter, and "price is what you pay, value is what you get," his case against fixed P/E/P/B ceilings) - the other 6 (ROE, debt, margins, growth, interest coverage) use commonly-cited thresholds that are not numbers he himself published. The 8 hard filters below (plus the Munger check and Graham margin of safety) are this site's real, mechanical screen and are computed completely independently of the checklists above.
Berkshire Hathaway's own filing
From Berkshire Hathaway's SEC 13F-HR filing dated 2026-08-14, compared with its 2026-05-15 filing - its own disclosed position, separate from this site's Buffett-style checklist above. 13F filings cover only U.S.-listed equity holdings and can lag the real portfolio by up to 45 days.
Which of the 8 value filters does Chevron pass?
- Market Cap > $25B $442.0B
- Trailing P/E < 25 21.47
- PEG Ratio < 1.5 0.72
- Price/Book < 8 2.33
- Price/Sales < 7 2.12
- EPS Growth YoY > -5% +323.3%
- vs 50-day MA (±12%) +8.1%
- vs 200-day MA (±12%) +18.5%
What is Chevron's margin of safety?
+16% on 2026-10-07 → +9% on 2026-10-23 (5 weekly readings).
Where is Chevron in its 52-week range?
What is the short interest in Chevron?
23,657,838 shares short as of 2026-09-30 (FINRA settlement date). Reported twice a month, so this only changes roughly every two weeks, not daily.
What could go wrong with Chevron? Munger's inversion check
"Invert, always invert." Instead of reasons to buy, these are reasons to hesitate, not a verdict, and not everything worth knowing about a business.
- Margin of safety, even in the bull case +46%
- Short interest under 5% of float 1.3%
- Passes most of the 6 fundamental filters 6/6 passed
- Price run-up backed by value, not just momentum +54% off 52wk low
- Debt/equity stable since 2016 0.28 → 0.23
Doesn't cover circle of competence, management quality, or accounting concerns: those need judgment, not data.
How much have Chevron shareholders gained per year?
Not enough clean earnings history to compute this for CVX yet - a loss year in the window breaks the growth math rather than faking a number through it.
An earnings-based proxy, not a stock-price total return - it doesn't capture multiple expansion/contraction or reinvested dividends. EPS from CVX's own 10-K filings; dividend yield is the current trailing yield on today's price, from the same weekly fetch as the rest of this site.
What do Chevron's 10-year financials show?
From CVX's own 10-K filings (SEC EDGAR): up to the last 10 fiscal years. Press any year's bars for the exact figures.
Frequently asked questions about Chevron
What kind of company is Chevron?
Chevron is a major integrated oil company: it produces oil and gas, refines and sells fuels and makes chemicals. It bought Hess in 2025, adding a stake in Guyana's offshore Stabroek field. Brands and businesses it owns include Chevron, Texaco, Caltex and Hess. This site groups it with Energy stocks.
Is Chevron trading above or below its DCF value?
At $226.68, CVX trades 9.4% below this site's neutral DCF value of $250.13 per share, a margin of safety of +9.4%. That DCF projects free cash flow for 10 years, with growth starting at 8% and fading to 2.5%, discounted at 10%; it is one set of assumptions, not a forecast. Test your own in the Intrinsic Value Calculator.
How many of this site's 8 value filters does Chevron pass?
CVX passes 7 of 8. It passes Market Cap > $25B ($442.0B), Trailing P/E < 25 (21.47), PEG Ratio < 1.5 (0.72), Price/Book < 8 (2.33), Price/Sales < 7 (2.12), EPS Growth YoY > -5% (+323.3%) and vs 50-day MA (±12%) (+8.1%). It misses vs 200-day MA (±12%) (+18.5%). The 8-filter list shows every stock that passes all of them.
How much cash does Chevron return to shareholders?
CVX's gross shareholder yield is 5.6%: the cash it returns through dividends and buybacks as a share of its market value. Latest fiscal year (2025): dividends 2.9% + buybacks 2.7%. Stock comp is not reported in its filings, so no net figure. Over 14 years its split-adjusted share count fell 7%. Its trailing dividend yield is 3.14%, paid out of 51% of its free cash flow; the dividend-sustainability check raises 1 of 6 flags (weak interest coverage). See Shareholder Yield Leaders and the Sustainable Dividend Screener.
Which well-known investors own Chevron?
Among the investors whose SEC 13F filings this site tracks, Warren Buffett (4.7% of the portfolio; unchanged) held CVX as of June 30, 2026. 13F filings cover only US-listed equities and arrive up to 45 days after the quarter ends, so they lag the real portfolios. See Superinvestors.
When does Chevron report earnings next?
Chevron's next earnings report is expected on October 30, 2026 before the market opens, with analysts expecting earnings of $4.93 per share. Dates come from the Finnhub earnings calendar and can move. In its last 4 quarters it beat the estimate 4 times, by an average of +16.8%.
Where do these numbers come from?
- Financial statements: Chevron's 10-K annual report for the year ended Dec 31, 2025, filed Feb 24, 2026 (filing index). Every earlier year in the 10-year financials comes from the company's older 10-K filings, all listed on SEC EDGAR.
- Prices and market data: quotes, P/E and analyst ratings from Finnhub; daily price history and the 52-week range from Twelve Data, both refreshed weekly. Short interest comes from FINRA, reported twice a month.
- How to check a figure: click any number in the card above to see its exact source, and read the Editorial Standards for every rule behind the checks.
About this Chevron Corp analysis
This page shows every value-investing check the site runs on Chevron Corp (CVX) in one place: the 8 mechanical filters, the Buffett and Lynch checklists, a margin of safety from a disclosed DCF, earnings quality, shareholder yield and how it ranks against its sector peers. The numbers come from SEC filings and public market data, refreshed weekly, and the same rules apply to every stock on the stock list. See Editorial Standards for the sources and the rules, or run your own filters in the stock screener.