Chevron Corporation (CVX)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Chevron is an integrated energy major, so its fortunes rest on commodity prices, refining spreads and chemical margins. In fiscal Q2 2026, the quarter ended 2026-06-30, Chevron reported revenue of $67.2B, net income of $12.1B and diluted EPS of $6.11. That was a sharp rebound from fiscal Q2 2025, the quarter ended 2025-06-30, when revenue was $44.4B, net income was $2.5B and diluted EPS was $1.45. But the annual record shows the cycle: in fiscal year 2025, the year ended 2025-12-31, net income was $12.3B, down from $17.7B in fiscal year 2024, the year ended 2024-12-31, and $21.4B in fiscal year 2023, the year ended 2023-12-31. I would not mistake one quarter's surge for a durable trend. Financial health is a genuine strength. FairStock's data show debt-to-equity of 0.19, Piotroski F-Score 9/9, Altman Z-Score 3.20, and trailing twelve-month free cash flow of $27.0B, a 6.3% FCF yield. The dividend yield is 3.40%, and beta is 0.49. Returns, however, are only moderate: ROE 12.23% and ROCE 5.86%. Valuation looks full by Graham's standard. At the 2026-10-13 close of $217.73, FairStock's P/E is 20.96, P/B is 2.25, and the Graham Number is $150.43, implying a -44.74% margin of safety. EV/EBITDA is 8.20. The PEG of 0.05 reflects explosive quarterly profit growth, but it is unreliable for a cyclical. Chevron has scale and a strong balance sheet, but it sells commodities. I want a margin of safety for that cyclicality; today's price offers little.

In plain English: Chevron is a large energy company that produces, processes, and sells oil, gas, and chemicals. The business looks financially sturdy, with low debt and strong cash flow, but profits rise and fall with energy prices. At the recent price, the shares look fully valued rather than cheap compared with current earnings and the company's net assets.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer