CHEVRON CORP · Petroleum Refining

CVX

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The short version

A profitable company with growing sales.

Going well

Sales up 56% in the latest quarter vs a year ago
Profitable
Brings in more cash than it spends

Money moves

Insiders sold $9.8M in the last 30 days, all through pre-planned sales
Institutions added 1.9% to their holdings in the quarter ending June 2026 (1887 bought, 1979 sold)
Held by Warren Buffett (Berkshire Hathaway), Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$232.01-0.5% that day

Company value: $458.4B; Share price times all shares
Price vs profit (P/E): 22.3x; You pay about $22 for each $1 of yearly profit
Price vs sales: 2.1x; Company value is 2.1 times a year of sales
Dividend yield: 2.9%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 1%; Debt as a share of company value

From CVX's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$70.1B+56% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $215.3B, up 10% from the 12 months before. Over 5 years, sales grew about 15% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of CVX. Starting points are the company's recent numbers.

Sales growth+10% a yearRecently: +10% a yearProfit margin10%Last 12 months: 9.6%P/E at the end22xToday: 22.3x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$346.7B

Profit in 5 years$34.7B

Price these guesses point to$405.92+75% vs $232.01 todayAbout +12% a year, before dividends

What today's price needs: with a 10% margin and a 22x P/E, sales could shrink about 1.6% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

3/6Mixed

MissReturn on equity 15%+Earns a lot on the money owners have in the business.7.3%
PassDebt under half of equityNot relying on borrowed money.0.01x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.6.5%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$33.9B
PassShare count not growingNot diluting owners. Falling means buybacks.-4.3% in 3 years

Revenue: $189.0B; -6.8% vs prior year
5-year growth: +14.8%/yr; revenue, per year
Total debt: $2.3B; 0.01x equity
Current ratio: 1.15x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Jul 31

Revenue: $70.1B; +56.3% YoY
EPS: $6.11; vs $1.45
Gross margin: 47.7%; +7.6 pts
Free cash flow: $18.1B
Share count: +14.5%; vs a year ago

Insider rating

Last 90 days

43Mixed

Pre-planned sales of $9.8M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

35/ 100

This week: 1
Normal week: 2.0
vs normal: 0.5x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+1.9%

Institutions added 1.9% to their holdings. 1887 bought, 1979 sold.

Shares held by institutions1.47B

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+1.9%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.2x · $39.8B debt

Shares outstandingLatest reported

2.0B

Earnings reports

Last 12

Next reportIn 3 days (est.)Estimated from the same quarter last year

Results filedJul 31
Results filedMay 1
Results filedApr 9
Results filedJan 30
Results filedOct 31, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$9.8M1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
R. Hewitt PateChief Legal Officer	Sell	43K	$226.59	$9.8M	9K	Oct 20Filing ↗
-83.1% of their holdings $225.61 to $226.65 across 2 trades Traded Oct 19 to Oct 20 Pre-planned sale (10b5-1) Filed 1 day after