CVXCHEVRON CORP
Petroleum Refining
- Revenue
- $184.4B
- 4.6% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $35.8B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear276% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear73% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $155.6B | $235.7B | $196.9B | $193.4B | $184.4B | 4.6% |
| Net income | $15.6B | $35.5B | $21.4B | $17.7B | $12.3B | 31% |
| Operating cash flow | $29.2B | $49.6B | $35.6B | $31.5B | $33.9B | 7.8% |
| Capex | $8.1B | $12.0B | $15.8B | $16.4B | $17.3B | 5.5% |
| Buybacks | $1.4B | $11.3B | $14.9B | $15.2B | $12.1B | 21% |
| Dividends | $10.2B | $11.0B | $11.3B | $11.8B | $12.8B | 8.1% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $10M · 3
- Net
- −$10M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $27M | $18M | 222 | 275 |
| FY2024 | $33M | $33M | 202 | 230 |
| FY2023 | $27M | −$24M | 199 | 228 |
| FY2022 | $24M | $87M | 231 | 218 |
| FY2021 | $23M | $54M | 146 | 139 |