P/E ratio for Chevron (CVX)
P/E ratio as of March 2023 (TTM): 9.03
According to Chevron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.02606. At the end of 2021 the company had a P/E ratio of 14.4.
P/E ratio history for Chevron from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Shell SHEL | 4.96 | -45.07% | 🇬🇧 UK |
 BP BP | -70.6 | -882.12% | 🇬🇧 UK |
 ConocoPhillips COP | 7.15 | -20.75% | 🇺🇸 USA |
 Phillips 66 PSX | 4.36 | -51.71% | 🇺🇸 USA |
 Exxon Mobil XOM | 8.74 | -3.19% | 🇺🇸 USA |
 Hess HES | 17.5 | 93.96% | 🇺🇸 USA |
 Suncor Energy
SU | 6.05 | -32.92% | 🇨🇦 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.