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Chevron forward PE CVX

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026
12.3×
10-year median
16.1×
Against its 10-year history
27th
percentile: 0 is its lowest day, 100 its highest
10-year range
6.8× to 130×
Peer median
12.3×

Chevron's forward PE is 12.3× as of Oct 23, 2026.

That is below its ten-year median of 16.1×, lower than on 73% of days in the last ten years.

Over that time it ranged from 6.8× in Nov 2021 to 130× in Jan 2020.

The median for 10 energy stocks of a similar size is 12.3×.

Forward PE over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far12.3×8.5×13.8×
202511.7×11.5×26.7×
202418.7×12.4×21.1×
202313.0×11.3×13.2×
202212.5×7.5×13.0×
20217.1×6.8×19.3×
202017.7×14.9×130×
2019129×17.4×130×
201817.1×14.5×18.8×
201716.8×15.4×34.3×
201634.5×30.7×96.4×
2015100.0×25.4×104×
201428.0×11.5×29.4×
201312.9×9.4×12.9×
20129.0×8.2×9.8×
20118.5×7.3×8.9×
20107.9×6.8×9.4×
20099.1×9.1×16.5×
200815.2×7.6×17.0×
20079.1×8.3×10.2×

Against its peers

Companies in Energy nearest Chevron's size, closest first, today.

CompanyForward PE
CVXChevron12.3×
XOMExxon Mobil12.4×
COPConocoPhillips12.7×
MPCMarathon Petroleum6.0×
VLOValero Energy6.7×
PSXPhillips 667.3×
WMBWilliams Companies29.5×
EOGEOG Resources9.4×
EPDEnterprise Products Partners12.2×
SLBSlb19.0×
KMIKinder Morgan23.3×
Peer median12.3×

Where Chevron ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Chevron

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.