Chevron Corporation (CHVX34) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Chevron Corporation BRL 44.52, price BRL 108, upside -58.8%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Chevron Corporation
CHVX34 · SAStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$43.48 – R$111.61 · fair‑value band R$30.11 – R$60.30 · the R$108.01 price screens above the R$44.52 fair value. Dashed = 300-day average. As of Sep 29, 2026.
Company profile
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments.
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Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. It operates through Upstream, Downstream, and All Other segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. Its Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The All Other segment engages in cash management and debt financing; insurance; real estate; and technology activities. It has operations in North America, South America, Europe, Africa, Asia, and Australia. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in May 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.
Stock analysis
Chevron Corporation (CHVX34) currently trades at R$108.01, while our model-based Fair Value estimate is R$44.52, 58.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of R$52.14 per share, and 0 of the 24 models we run sit above the R$108.01 price.
Bear case: the Earnings-Based group reads lowest at R$19.18, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: R$30.11 (bear) to R$60.30 (bull), the price of R$108.01 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 51/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Chevron Corporation reported revenue of $184B in FY2025 versus $156B in FY2021, a compound +4.3%/yr. Reported net income was $12.3B in FY2025, compounding −5.8%/yr from FY2021.
Key figures
Market cap R$1.8T (≈ $347B) · P/E ratio 36.4 · P/S ratio 2.43 · EPS (TTM) R$2.97 · Dividend yield 6.4% · Net margin 6.7% · Return on equity 6.6% · Return on assets (EBIT) 9.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (medium confidence).
What moves the price
The share trades about 3% below its 52-week high and 37% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −5% fair-value upside, at −59%, CHVX34 screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 75
Revenue & earnings trend
Growth Forecast
CHVX34 screens overvalued: fair value 59% below the price. Compare with Saudi Arabian Oil Company →
Recent news
- Vitesse Energy (VTS) Acquires Chevron-Backed Assets in $26 Million Deal. Can it Drive Further Growth?
- Chevron Stock And 2 Top Dividend Stocks
- Chevron (CVX) Plans a Major Exploration Push: What Investors Need to Know
- Chevron (CVX) Accelerates Cyprus Gas Export Plans Through Egypt
Compare Chevron Corporation with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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10 more Oil & Gas Integrated stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 25.28 SAR | 20.14 SAR | −20% |
| Exxon Mobil Corporation XOM | $162.75 | $90.40 | −44% |
| PetroChina Company 601857 | ¥11.21 | ¥15.47 | +38% |
| TotalEnergies SE TTE | €74.51 | €70.97 | −5% |
| Petróleo Brasileiro S.A PBR | $20.37 | $28.71 | +41% |
| Equinor ASA EQNR | kr 398.40 | kr 345.87 | −13% |
| China Petroleum & Chemical Corporation 600028 | ¥5.28 | ¥3.74 | −29% |
| Suncor Energy Inc SU | $67.87 | $70.17 | +3% |
| Imperial Oil Limited IMO | $122.34 | $94.61 | −23% |
| Cenovus Energy Inc CVE | $31.10 | $33.39 | +7% |
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Key figures of Chevron Corporation
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