← Back to All US Stocks

Chevron Corp. (CVX) Fundamental Analysis & AI Grade 2026

CVX NYSE Petroleum Refining DE CIK: 0000093410
Update Pending • Analysis: May 8, 2026 • SEC Data: 2026-03-31
Combined AI Grade
C
73% Confidence
AGREEMENT
C
68% Conf
B
78% Conf

📊 CVX Key Takeaways

Revenue: $48.6B
Net Margin: 4.5%
Free Cash Flow: $-1.5B
Current Ratio: 1.09x
Debt/Equity: 0.17x
EPS: $1.11
AI Grade: C with 68% confidence
Chevron Corp. (CVX) receives a C fundamental grade with 73% confidence from our AI analysis based on SEC 10-K filings. With revenue of $48.6B, net profit margin of 4.5%, and return on equity (ROE) of 1.2%, Chevron Corp. demonstrates mixed fundamentals in the Energy sector. Below is our complete CVX stock analysis for 2026.

Is Chevron Corp. (CVX) a Good Investment?

Claude

Chevron faces deteriorating operational performance with net income declining 29.7% and EPS down 31.8% despite modest revenue growth, indicating profitability compression. The company is burning cash with negative free cash flow of -$1.5B while capital expenditures exceed operating cash flow, signaling unsustainable capital allocation. Abysmal returns on capital (ROE 1.2%, ROA 0.7%) and tightening liquidity (quick ratio 0.84x) are concerning despite a fortress balance sheet.

ChatGPT

Chevron shows solid fundamental resilience through strong operating cash flow, healthy free cash flow generation, and a very conservative balance sheet with low leverage. However, earnings quality is mixed: revenue growth is modest, net income declined slightly, and diluted EPS fell sharply, suggesting pressure on per-share profitability and limiting the case for a more aggressive rating.

Chevron Corp. Key Strengths (CVX)

Claude
  • + Strong balance sheet with low leverage ratio of 0.17x debt-to-equity
  • + Substantial asset base of $329.6B providing operational scale
  • + Manageable long-term debt of $30.9B relative to equity of $183.7B
ChatGPT
  • + Strong free cash flow generation of $16.59B supports capital flexibility
  • + Low debt-to-equity of 0.17x indicates a strong balance sheet and financial resilience
  • + Large asset base and positive operating cash flow of $33.94B provide stability through industry cycles

CVX Stock Risks: Chevron Corp. Investment Risks

Claude
  • ! Negative free cash flow of -$1.5B indicates ongoing cash burn unsustainable long-term
  • ! Profitability declining sharply (net income -29.7% YoY, EPS -31.8% YoY) while revenue only grew 2.5%
  • ! Capital expenditures of $4.1B exceed operating cash flow of $2.5B, straining liquidity
  • ! Quick ratio of 0.84x signals potential liquidity stress despite adequate current ratio
  • ! Minimal returns on capital (ROE 1.2%, ROA 0.7%) destroying shareholder value
ChatGPT
  • ! Diluted EPS declined 31.8% YoY, materially worse than the net income decline
  • ! Net margin of 6.5% and ROE of 6.6% indicate only moderate profitability for a capital-intensive business
  • ! Liquidity is adequate but not strong, with a current ratio of 1.15x and quick ratio of 0.86x

Key Metrics to Watch

Claude
  • * Free cash flow trend - critical to return to positive territory
  • * Net profit margin recovery - understand if margin compression is temporary or structural
  • * Return on equity trajectory - 1.2% is unacceptable and must improve significantly
  • * Operating cash flow versus capital expenditure ratio - sustainability of capital program
ChatGPT
  • * Free cash flow sustainability relative to capital expenditures
  • * Net income and diluted EPS trend over the next reporting periods

Chevron Corp. (CVX) Financial Metrics & Key Ratios

Revenue
$48.6B
Net Income
$2.2B
EPS (Diluted)
$1.11
Free Cash Flow
$-1.5B
Total Assets
$329.6B
Cash Position
$6.3B

💡 AI Analyst Insight

Chevron Corp. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

CVX Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin N/A
Net Margin 4.5%
ROE 1.2%
ROA 0.7%
FCF Margin -3.2%

CVX vs Energy Sector: How Chevron Corp. Compares

How Chevron Corp. compares to Energy sector averages

Net Margin
CVX 4.5%
vs
Sector Avg 12.0%
CVX Sector
ROE
CVX 1.2%
vs
Sector Avg 14.0%
CVX Sector
Current Ratio
CVX 1.1x
vs
Sector Avg 1.3x
CVX Sector
Debt/Equity
CVX 0.2x
vs
Sector Avg 0.6x
CVX Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Chevron Corp. Stock Overvalued? CVX Valuation Analysis 2026

Based on fundamental analysis, Chevron Corp. has mixed fundamental signals relative to the Energy sector in 2026.

Return on Equity
1.2%
Sector avg: 14%
Net Profit Margin
4.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.17x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Chevron Corp. Balance Sheet: CVX Debt, Cash & Liquidity

Current Ratio
1.09x
Quick Ratio
0.84x
Debt/Equity
0.17x
Debt/Assets
42.5%
Interest Coverage
N/A
Long-term Debt
$30.9B

CVX Revenue & Earnings Growth: 5-Year Financial Trend

CVX 5-year financial data: Year 2021: Revenue $155.6B, Net Income $2.9B, EPS $1.54. Year 2022: Revenue $235.7B, Net Income -$5.5B, EPS $-2.96. Year 2023: Revenue $235.7B, Net Income $15.6B, EPS $8.14. Year 2024: Revenue $235.7B, Net Income $35.5B, EPS $18.28. Year 2025: Revenue $196.9B, Net Income $21.4B, EPS $11.36.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Chevron Corp.'s revenue has grown significantly by 27% over the 5-year period, indicating strong business expansion. The most recent EPS of $11.36 reflects profitable operations.

CVX Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-3.2%
Free cash flow / Revenue

CVX Quarterly Earnings & Performance

Quarterly financial performance data for Chevron Corp. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $46.1B $2.2B $1.11
Q3 2025 $48.2B $3.5B $1.82
Q2 2025 $44.4B $2.5B $1.45
Q1 2025 $46.1B $3.5B $2.00
Q3 2024 $48.9B $4.5B $2.48
Q2 2024 $47.2B $4.4B $2.43
Q1 2024 $46.6B $5.5B $2.97
Q3 2023 $51.9B $6.5B $3.48

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Chevron Corp. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$2.5B
Cash generated from operations
Stock Buybacks
$2.6B
Shares repurchased (TTM)
Capital Expenditures
$4.1B
Investment in assets
Dividends Paid
$3.5B
Returned to shareholders

CVX SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Chevron Corp. (CIK: 0000093410)

📋 Recent SEC Filings

Date Form Document Action
Jun 3, 2026 4 xslF345X06/form4.xml View →
Jun 3, 2026 4 xslF345X06/form4.xml View →
May 29, 2026 4 xslF345X06/form4.xml View →
May 29, 2026 4 xslF345X06/form4.xml View →
May 29, 2026 4 xslF345X06/form4.xml View →

Frequently Asked Questions about CVX

What is the AI rating for CVX?

Chevron Corp. (CVX) has a Combined AI Grade of C from Claude (C) and ChatGPT (B) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are CVX's key strengths?

Claude: Strong balance sheet with low leverage ratio of 0.17x debt-to-equity. Substantial asset base of $329.6B providing operational scale. ChatGPT: Strong free cash flow generation of $16.59B supports capital flexibility. Low debt-to-equity of 0.17x indicates a strong balance sheet and financial resilience.

What are the risks of investing in CVX?

Claude: Negative free cash flow of -$1.5B indicates ongoing cash burn unsustainable long-term. Profitability declining sharply (net income -29.7% YoY, EPS -31.8% YoY) while revenue only grew 2.5%. ChatGPT: Diluted EPS declined 31.8% YoY, materially worse than the net income decline. Net margin of 6.5% and ROE of 6.6% indicate only moderate profitability for a capital-intensive business.

What is CVX's revenue and growth?

Chevron Corp. reported revenue of $48.6B.

Does CVX pay dividends?

Chevron Corp. pays dividends, with $3,526.0M distributed to shareholders in the trailing twelve months.

Where can I find CVX SEC filings?

Official SEC filings for Chevron Corp. (CIK: 0000093410) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is CVX's EPS?

Chevron Corp. has a diluted EPS of $1.11.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is CVX's fundamental grade?

Based on our AI fundamental analysis in June 2026, Chevron Corp. has a C grade with 73% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is CVX stock overvalued or undervalued?

Valuation metrics for CVX: ROE of 1.2% (sector avg: 14%), net margin of 4.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is CVX's AI grade for 2026?

Our dual AI analysis gives Chevron Corp. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is CVX's free cash flow?

Chevron Corp.'s operating cash flow is $2.5B, with capital expenditures of $4.1B. FCF margin is -3.2%.

How does CVX compare to other Energy stocks?

Vs Energy sector averages: Net margin 4.5% (avg: 12%), ROE 1.2% (avg: 14%), current ratio 1.09 (avg: 1.3).

Top Rated Stocks
AAPL 92% MSFT 92% FAST 92% ANET 88% RDDT 88% KNSL 88% MGRE 88% FIZZ 88% AVGO 87% DECK 87%
Sector: All Energy Stocks →
Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 8, 2026 | Data as of: 2026-03-31 | Powered by Claude AI