Chevron price to free cash flow CVX

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 17.1×
9-year median: 15.6×
Against its 9-year history: 59th; percentile: 0 is its lowest day, 100 its highest
9-year range: 7.7× to 130×
Peer median: 17.8×

Chevron's price to free cash flow is 17.1× as of Oct 23, 2026.

That is above its 9-year median of 15.6×, close to the middle of its last 9 years.

Over that time it ranged from 7.7× in Mar 2023 to 130× in Mar 2021.

The median for 10 energy stocks of a similar size is 17.8×.

Price to free cash flow over time

median 15.6×

The dashed line is the 9-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	17.1×	13.6×	28.4×
2025	19.6×	14.2×	20.6×
2024	13.8×	13.2×	16.7×
2023	13.8×	7.7×	14.0×
2022	9.7×	9.1×	18.5×
2021	15.7×	14.9×	130×
2020	53.8×	8.5×	59.4×
2019	13.5×	11.7×	16.0×
2018	14.6×	14.0×	58.0×
2017	54.3×	49.8×	65.0×
2016	n/m a value too high to mean anything
2015	n/m a value too high to mean anything
2014	462×	455×	493×
2013	489×	28.6×	499×
2012	28.4×	13.3×	29.2×
2011	13.6×	11.8×	18.7×
2010	17.2×	13.9×	23.5×

Against its peers

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

Company	Price to free cash flow
CVXChevron	17.1×
XOMExxon Mobil	24.7×
COPConocoPhillips	18.0×
MPCMarathon Petroleum	10.0×
VLOValero Energy	n/m
PSXPhillips 66	17.7×
WMBWilliams Companies	n/m
EOGEOG Resources	6.7×
EPDEnterprise Products Partners	23.1×
SLBSlb	16.4×
KMIKinder Morgan	24.3×
Peer median	17.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Chevron

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.