🚀 VC round data is live in beta, check it out!
Chevron Valuation Multiples
Discover revenue and EBITDA valuation multiples for Chevron and similar public comparables like PetroChina, Shell, Reliance Industries, NextEra Energy and more.
Chevron Overview
About Chevron
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2024 stood at 9.8 billion barrels of oil equivalent, including 5.1 billion barrels of liquids and 28.4 trillion cubic feet of natural gas.
Founded
1926
HQ
Employees
43.0K
Website
Sectors
Financials (LTM)
EV
$410B
Chevron Financials
Chevron reported last 12-month revenue of $191B and EBITDA of $42B.
In the same LTM period, Chevron generated $69B in gross profit, $42B in EBITDA, and $13B in net income.
Revenue (LTM)
Chevron P&L
In the most recent fiscal year, Chevron reported revenue of $189B and EBITDA of $41B.
Chevron expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $191B | XXX | $189B | XXX | XXX | XXX |
| Gross Profit | $69B | XXX | $56B | XXX | XXX | XXX |
| Gross Margin | 36% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $42B | XXX | $41B | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| Net Profit | $13B | XXX | $12B | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $33B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Chevron Stock Performance
Chevron has current market cap of $376B, and enterprise value of $410B.
Market Cap Evolution
Chevron's stock price is $189.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $410B | $376B | 0.0% | XXX | XXX | XXX | $6.21 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialChevron Valuation Multiples
Chevron trades at 2.1x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Chevron Financial Valuation Multiples
As of March 22, 2026, Chevron has market cap of $376B and EV of $410B.
Equity research analysts estimate Chevron's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Chevron has a P/E ratio of 30.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $376B | XXX | $376B | XXX | XXX | XXX |
| EV (current) | $410B | XXX | $410B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.7x | XXX | 9.9x | XXX | XXX | XXX |
| EV/EBIT | 18.9x | XXX | 19.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.0x | XXX | 7.3x | XXX | XXX | XXX |
| P/E | 30.0x | XXX | 30.5x | XXX | XXX | XXX |
| EV/FCF | 22.4x | XXX | 24.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Chevron Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Chevron Margins & Growth Rates
Chevron's revenue in the last 12 month grew by 4%.
Chevron's revenue per employee in the last FY averaged $4.4M.
Chevron's rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Chevron's rule of X is 32% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Chevron Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 13% | XXX | 13% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 32% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $4.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 3% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Chevron Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| PetroChina | XXX | XXX | XXX | XXX | XXX | XXX |
| Shell | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Industries | XXX | XXX | XXX | XXX | XXX | XXX |
| NextEra Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| TotalEnergies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Chevron M&A Activity
Chevron acquired XXX companies to date.
Last acquisition by Chevron was on XXXXXXXX, XXXXX. Chevron acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Chevron
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialChevron Investment Activity
Chevron invested in XXX companies to date.
Chevron made its latest investment on XXXXXXXX, XXXXX. Chevron invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Chevron
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Chevron
| When was Chevron founded? | Chevron was founded in 1926. |
| Where is Chevron headquartered? | Chevron is headquartered in United States. |
| How many employees does Chevron have? | As of today, Chevron has over 43K employees. |
| Who is the CEO of Chevron? | Chevron's CEO is Michael K. Wirth. |
| Is Chevron publicly listed? | Yes, Chevron is a public company listed on NYSE. |
| What is the stock symbol of Chevron? | Chevron trades under CVX ticker. |
| When did Chevron go public? | Chevron went public in 1970. |
| Who are competitors of Chevron? | Chevron main competitors are PetroChina, Shell, Reliance Industries, NextEra Energy. |
| What is the current market cap of Chevron? | Chevron's current market cap is $376B. |
| What is the current revenue of Chevron? | Chevron's last 12 months revenue is $191B. |
| What is the current revenue growth of Chevron? | Chevron revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Chevron? | Current revenue multiple of Chevron is 2.1x. |
| Is Chevron profitable? | Yes, Chevron is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Chevron? | Chevron's last 12 months EBITDA is $42B. |
| What is Chevron's EBITDA margin? | Chevron's last 12 months EBITDA margin is 22%. |
| What is the current EV/EBITDA multiple of Chevron? | Current EBITDA multiple of Chevron is 9.7x. |
| What is the current FCF of Chevron? | Chevron's last 12 months FCF is $18B. |
| What is Chevron's FCF margin? | Chevron's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of Chevron? | Current FCF multiple of Chevron is 22.4x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.