ChevronCVX

ChevronCVX

Revenue: is the business selling more than it used to?

$184.4B−5% YoYFY 2025

→Revenue reached $184.4B in 2025, compounding -8% a year since 2022 though the pace has cooled. The trailing twelve months are already running at $208.7B, ahead of the last full year.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Net income: how much of that revenue becomes profit?

$12.3B−31% YoYFY 2025

→Net income was $12.3B in 2025, compounding -30% a year over three years. Earnings per share moved +50% over the last twelve months. Trailing twelve-month profit stands at $20.6B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

How fast is it growing, year by year?

-4.6%revenue growth, FY 2025

→Revenue grew -5% in 2025 against a five-year average of +19%. Earnings fell +31% on top of it. 2020's swing into loss (-290%) sits off the axis.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Revenue per share: is your slice growing as fast as the company?

$99.37revenue per share, FY 2025

→Revenue per share reached $99.37 in 2025, compounding -6% a year against -8% for CVX as a whole. Buybacks added roughly 1.4 points to your per-share result. Free cash flow per share stands at $8.94.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Free cash flow: what is left in real cash after everything?

$16.6B+10% YoYFY 2025

→Free cash flow was $16.6B in 2025, compounding -24% a year since 2022. The trailing twelve months stand at $27.0B.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

How much of every sales dollar ends up as free cash?

→9 cents of every sales dollar became free cash in 2025, down 7 points since 2022.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

What does staying competitive cost, per dollar of sales?

→The biggest claim on each sales dollar is capital spending, at 9% of revenue (research and development 0%). That share has risen since 2022, so the cost of competing is climbing.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Margins: of every $1 of sales, how much survives each cost layer?

→Net margin stands at 7% in 2025. CVX doesn't break out gross or operating margin in its filings, so net is the only layer the data supports.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

What does it earn on the money it uses?

→CVX earns 11% on shareholders' capital. Return on capital employed isn't meaningful for this business model, so ROE carries the picture alone.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

What has the market paid for CVX over time?

18.8xP/E today

→At 18.8x earnings, the market is paying +31% more than CVX's own 9-year median of 14.3x. Expectations are elevated, so more has to go right to justify the price.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

What cash return does the business throw off per dollar of market value?

6.6%FCF yield today

→Every dollar of market value currently buys 6.6% of annual free cash flow, right at CVX's 11-year median of 6.2%.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Could it handle its debt if things went wrong?

→The company holds $9.6B in cash against $401M of debt - a net-cash balance sheet, which means a bad year is an inconvenience rather than a threat.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Is the company's own capital growing?

→The company's own capital grew from $161.0B in 2023 to $189.9B (+18%). The business is building book value rather than consuming it.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

How much goes back, and how much leaks out as stock comp?

→Shareholders received $12.1B in buybacks and $12.8B in dividends in 2025.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

How fast is your ownership being diluted - or concentrated?

→The share count grew 2.1% in 2025. Your slice of the company shrinks by that much each year unless earnings grow faster.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Is the dividend cheque growing?

→The dividend per share reached $6.87 in 2025, compounding +6% a year since 2020.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Can it afford the dividend?

→The dividend consumed 104% of profit and 77% of free cash flow in 2025. That is a thin cushion: a bad year would put the payment under real pressure.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

CVX has issued or retired shares - did shareholders end up better off?

→CVX has shrunk its share count -7% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is -22% over the same years.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30

ChevronCVX

Are the people running it buying or selling?

→Insiders sold $466M on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 33 filings were grants, option exercises or tax withholding, which say nothing either way.

Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30