P/E ratio for Chevron (CVX)
P/E ratio as of April 2024 (TTM): 12.3
According to Chevron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.27. At the end of 2022 the company had a P/E ratio of 9.78.
P/E ratio history for Chevron from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.78 | -32.1% |
| 2021 | 14.4 | -150.47% |
| 2020 | -28.5 | -136.7% |
| 2019 | 77.7 | 458.15% |
| 2018 | 13.9 | -45.7% |
| 2017 | 25.7 | -105.88% |
| 2016 | -436 | -1292.06% |
| 2015 | 36.6 | 232.83% |
| 2014 | 11.0 | -1.66% |
| 2013 | 11.2 | 38.65% |
| 2012 | 8.06 | 2.54% |
| 2011 | 7.86 | 41.32% |
| 2010 | 5.56 | -62.01% |
| 2009 | 14.6 | 132.31% |
| 2008 | 6.30 | -40.39% |
| 2007 | 10.6 | 12.7% |
| 2006 | 9.38 | 8.71% |
| 2005 | 8.63 | 3.51% |
| 2004 | 8.33 | -32.66% |
| 2003 | 12.4 | -80.27% |
| 2002 | 62.7 | 292.71% |
| 2001 | 16.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Shell SHEL | 8.62 | -29.74% | 🇬🇧 UK |
 BP BP | 4.57 | -62.72% | 🇬🇧 UK |
 ConocoPhillips COP | 14.2 | 15.87% | 🇺🇸 USA |
 Phillips 66 PSX | 9.10 | -25.84% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.7 | -4.61% | 🇺🇸 USA |
 Hess HES | 31.3 | 155.18% | 🇺🇸 USA |
 Suncor Energy
SU | 11.6 | -5.42% | 🇨🇦 Canada |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.