Chevron (CVX) EV to FCF (2010 - 2026)
Chevron's EV to FCF came in at 11.58 for Q3 2026, down 42.5% from 20.14 a year earlier and down 3.7% from the prior quarter.
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Analysis
Chevron (CVX) EV to FCF (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Chevron reported EV to FCF of 10.99, down 42.6% year-over-year; for FY2025, it came in at 18.29, up 10.5% from FY2024.
- EV to FCF has increased in each of the last three years.
- Going back by year, EV to FCF was 16.56 in FY2024 (+21.4%), 13.64 in FY2023 (+57.8%), 8.64 in FY2022 (-17.6%) and 10.49 in FY2021 (-89.0%).
- The Q3 2026 figure represents the lowest quarterly EV to FCF since Q2 2023.
- Year-over-year, EV to FCF increased in five of the last eight quarters, with growth averaging 11.0%.
- The fastest year-over-year change in EV to FCF over five years came in Q3 2023 (growth of 109.2%), and the weakest in Q4 2021 (a decline of 89.0%).
- Business Quant data shows CVX's EV to FCF at 12.02 (Q2 2026), 29.92 (Q1 2026) and 18.29 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 11.58 |
| Jun 30, 2026 | 12.02 |
| Mar 31, 2026 | 29.92 |
| Dec 31, 2025 | 18.29 |
| Sep 30, 2025 | 20.14 |
| Jun 30, 2025 | 15.17 |
| Mar 31, 2025 | 21.25 |
| Dec 31, 2024 | 16.56 |
| Sep 30, 2024 | 13.90 |
| Jun 30, 2024 | 15.61 |
| Mar 31, 2024 | 15.59 |
| Dec 31, 2023 | 13.64 |
| Sep 30, 2023 | 15.38 |
| Jun 30, 2023 | 10.32 |
| Mar 31, 2023 | 8.24 |
| Dec 31, 2022 | 8.64 |
| Sep 30, 2022 | 7.35 |
| Jun 30, 2022 | 9.00 |
| Mar 31, 2022 | 12.48 |
| Dec 31, 2021 | 10.49 |
API Access
Chevron EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();