← Scroll for more →
Chevron Corp (CVX)
Petroleum Refining
Latest Price
$204.21
TTM P/E
19.64
Normalized P/E
17.37
Div Yield
3.42%
Book Value
96.11
P/B Ratio
2.12
Valuation metrics
adjust assumptions →EPS: $6.63
Book value / share: $100.46
Formula: √(22.5 × EPS × BVPS)
Graham Number
$122.42
40% downside
Norm. op. income: $21.6B (median of 7yr)
Tax rate: 32%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$56.01
73% downside
Base FCF: $19.8B (median of recent 5yr)
Growth: -2%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$82.89
59% downside
EPS: $6.63
Target P/E: 17×
Formula: EPS × P/E
P/E Fair Value
$112.71
45% downside
Institutional Ownership
75.6% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 154.82M | $25.66B | 7.84% | +10.10M | 2026-06-30 |
| State Street Corp | 148.45M | $24.61B | 7.52% | -4.69M | 2026-06-30 |
| Vanguard Capital Management LLC | 122.90M | $20.37B | 6.22% | +415.4K | 2026-06-30 |
| Berkshire Hathaway Inc | 84.38M | $13.99B | 4.27% | -- | 2026-06-30 |
| Geode Capital Management, LLC | 44.54M | $7.35B | 2.26% | +858.7K | 2026-06-30 |
| Vanguard Portfolio Management LLC | 42.48M | $7.04B | 2.15% | +163.2K | 2026-06-30 |
| Sixth Street Partners Management Company, L.P. | 37.71M | $6.25B | 1.91% | -- | 2026-06-30 |
| Charles Schwab Investment Management Inc | 37.71M | $6.25B | 1.91% | +1.60M | 2026-06-30 |
| Morgan Stanley | 36.05M | $5.97B | 1.83% | -796.0K | 2026-06-30 |
| Bank of America Corp | 27.21M | $4.51B | 1.38% | -424.8K | 2026-06-30 |