Chevron Corporation (CVX)财务
NYSE · Energy · Oil & Gas Integrated · 员工43,039人 · CEO Michael K. Wirth
- 股价
- $235.52 +1.75%
- 市值
- $4650亿
- 企业价值
- $4860亿
- 最近财报
- Q3 '26 2026-10-30提交
- 下次财报
- 2027-01-29
营收(TTM)$2260亿+20.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)17.8%+9.7 百分点 对比去年同期营业利润 $401亿
净利润(TTM)$270亿+111.3% 对比去年同期税后,含营业外收益
自由现金流(TTM)$341亿+120.9% 对比去年同期资本支出 $179亿
稀释EPS(TTM)$13.67+92.3% 对比去年同期最近4个季度之和
净现金$0+100.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $4650亿 EV $4860亿
- 营收
- $2260亿 过去12个月
- 营收增速
- +35% FY2026年一致预期
- 净利润率
- 11.9% 净利润 / 营收,TTM
- P/E
- 17.2× 预期 13.4×(FY2026)
- P/S
- 2.1× 股价 / 营收,TTM
- EV / EBITDA
- 7.6× TTM
- 自由现金流
- $341亿 过去12个月
- 净利润
- $270亿 过去12个月
- 营收预期
- $2490亿 FY2026年一致预期
- 盈利
- 2027-01-29
- 股息
- $7.05 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比35.4%Q3 '26营收$652亿,此前四个季度的平均值为11.9%。
- 营业利润率17.8%(TTM),较去年同期+9.7 百分点营收增长20.8%,营业利润增长166.2%。
- 资本支出占营收的7.9%(去年为8.8%)最近4个季度投入$179亿(同比+8.9%)。自由现金流$341亿,相当于净利润的126.3%。
- 股东回报$250亿 = 自由现金流的73.3%回购$111亿(去年为$137亿),股息$139亿,股权激励$0(TTM)。
- 稀释股数一年内增加0.9%Q3 '26稀释股数19.6亿,一年前为19.5亿。
- 净现金 $0现金 + 短期投资 $335亿,含租赁债务 $335亿;一年前净债务 $338亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $652亿 | $482亿 | +35.4% |
| 毛利率 | 44.0% | 31.1% | +12.9 百分点 |
| 营业利润 | $114亿 | $43亿 | +164.6% |
| 营业利润率 | 17.4% | 8.9% | +8.5 百分点 |
| 净利润 | $99.2亿 | $35.4亿 | +180.4% |
| 稀释EPS | $5.06 | $1.82 | +178.0% |
| 经营现金流 | $160亿 | $93.9亿 | +70.6% |
| 资本支出 | $40.1亿 | $44.4亿 | -9.7% |
| 自由现金流 | $120亿 | $49.4亿 | +142.9% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $0 | $0 | – |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Downstream | $496亿 | +165.4% | 73.9% | $1240亿 | +19.2% | |
| Upstream | $175亿 | +68.8% | 26.1% | $429亿 | -38.0% | |
| All Other | $2500万 | – | 0.0% | – | – | |
| All Other Segments | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Downstream Segment | $285亿 | +52.4% | 60.6% | $1010亿 | – | |
| Upstream Segment | $185亿 | +78.4% | 39.4% | $665亿 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $520亿
- 资本支出
- -$179亿
- 股票回购
- -$111亿
- 股息
- -$139亿
- 收购
- $1.06亿
- 债务净发行
- -$82.2亿
- 股权激励费用
- $0
- 自由现金流
- $341亿
- 股东回报 / FCF
- 73.3%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.2× | 15.0× | 9.8× – 22.9× |
| EV / EBITDA | 7.6× | 6.3× | 5.3× – 7.7× |
| EV / 营收 | 2.2× | 1.5× | 1.4× – 1.7× |
| 股价 / FCF | 13.7× | 13.7× | 9.2× – 17.4× |
| 股价 / 净资产 | 2.4× | 1.8× | 1.5× – 2.2× |
| FCF收益率 | 7.3% | 7.8% | 5.7% – 10.9% |
| 投入资本回报率 | 220.9% | 8.2% | 3.6% – 12.7% |
| 净资产收益率 | 14.3% | 13.0% | 6.6% – 22.3% |
分析师
一致目标价 $214.08 (-9.1%)
区间 $90.00 – $243.00 · 评级 Buy
强烈买入0
买入33
持有16
卖出4
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2490亿 | +35.2% | $17.63 | +165.9% | 13.4× | 14 |
| FY2027 | $2320亿 | -7.0% | $15.68 | -11.1% | 15.0× | 15 |
| FY2028 | $2160亿 | -6.7% | $12.64 | -19.4% | 18.6× | 9 |
| FY2029 | $2390亿 | +10.6% | $12.97 | +2.6% | 18.2× | 3 |
| FY2030 | $2410亿 | +0.8% | $14.09 | +8.6% | 16.7× | 3 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Chevron Corporation在近期10-Q / 10-K文件中标记的全部340项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Financing Receivable, after Allowance for Credit Loss, Current | $246亿 | $177亿 | +39.1% | $181亿 | $207亿 | -12.6% |
| Accounts Payable, Current | $244亿 | $186亿 | +31.2% | $193亿 | $221亿 | -12.7% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $220亿 | $157亿 | +40.1% | $160亿 | $183亿 | -12.8% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1.78亿 | $1.88亿 | -5.3% | $1.76亿 | $2.59亿 | -32.0% |
| AccountsReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent | $2.16亿 | $2.17亿 | -0.5% | $2.16亿 | $3.52亿 | -38.6% |
| AccountsReceivableExcludingAccruedInterestAfterAllowanceForCreditLossNoncurrent | $9.03亿 | $9.14亿 | -1.2% | $10.4亿 | $8.77亿 | +18.0% |
| Accretion Expense | – | – | – | $6.2亿 | $5.86亿 | +5.8% |
| Accrual for Environmental Loss Contingencies | $10.6亿2025-12-31 | $9.45亿 | +12.1% | $10.6亿 | $9.45亿 | +12.1% |
| Accrual for Taxes Other than Income Taxes, Current | $13.8亿 | $12.5亿 | +10.1% | $15.2亿 | $17.2亿 | -11.2% |
| Accrued Income Taxes, Current | $22亿 | $6.59亿 | +234.4% | $8.44亿 | $18.7亿 | -54.9% |
| Accrued Liabilities, Current | $108亿 | $81.2亿 | +33.5% | $108亿 | $84.9亿 | +26.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$21.1亿 | -$25.7亿 | +17.7% | -$24.6亿 | -$27.6亿 | +10.7% |
| Additional Paid in Capital, Common Stock | $340亿 | $218亿 | +55.9% | $339亿 | $217亿 | +56.4% |
| Asset Impairment Charges | – | – | – | $1.33亿 | $5亿 | -73.4% |
| Asset Retirement Obligation | $150亿2025-12-31 | $127亿 | +18.3% | $150亿 | $127亿 | +18.3% |
| Asset Retirement Obligation, Accretion Expense | $1.64亿2025-12-31 | $1.47亿 | +11.6% | $6.17亿 | $5.88亿 | +4.9% |
| Asset Retirement Obligation, Liabilities Incurred | $3700万2025-12-31 | $4500万 | -17.8% | $1.86亿 | $8300万 | +124.1% |
| Asset Retirement Obligation, Liabilities Settled | $2.07亿2025-12-31 | $2.88亿 | -28.1% | $11.1亿 | $20.8亿 | -46.8% |
| Asset Retirement Obligation, Revision of Estimate | $11.1亿2025-12-31 | $4.8亿 | +130.6% | $14亿 | $4.17亿 | +236.5% |
| Asset Retirement Obligations, Noncurrent | $139亿2025-12-31 | $114亿 | +21.8% | $139亿 | $114亿 | +21.8% |
| Assets | $3300亿 | $2510亿 | +31.6% | $3240亿 | $2570亿 | +26.1% |
| Assets, Current | $491亿 | $347亿 | +41.6% | $386亿 | $409亿 | -5.8% |
| Assets, Fair Value Disclosure | $3000万 | – | – | – | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | – | – | – | $795亿2025-07-18 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | – | – | – | $265亿2025-07-18 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | – | – | – | $480亿2025-07-18 | – | – |
| Capitalized Exploratory Well Cost, Additions Pending Determination of Proved Reserves | – | – | – | $1.5亿 | $1400万 | +971.4% |
| Capitalized Exploratory Well Cost, Charged to Expense | – | – | – | $100万 | $0 | – |
| Capitalized Exploratory Well Costs | $17.6亿2025-12-31 | $16.6亿 | +5.8% | $17.6亿 | $16.6亿 | +5.8% |
| Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year | $16.1亿2025-12-31 | $16.5亿 | -2.1% | $16.1亿 | $16.5亿 | -2.1% |
| Capitalized Exploratory Well Costs that Have Been Capitalized for Period of One Year or Less | $1.48亿2025-12-31 | $1700万 | +770.6% | $1.48亿 | $1700万 | +770.6% |
| Cash and Cash Equivalents, Fair Value Disclosure | $85亿 | $41亿 | +107.3% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $95.8亿 | $53.8亿 | +78.3% | $72.9亿 | $82.6亿 | -11.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $32.7亿 | -$7.91亿 | +512.9% | -$9.77亿 | -$10.1亿 | +3.6% |
| Commercial Paper | $46.4亿2025-12-31 | $53.9亿 | -13.8% | $46.4亿 | $53.9亿 | -13.8% |
| Common Stock Held in Trust | $2.4亿 | $2.4亿 | 0.0% | $2.4亿 | $2.4亿 | 0.0% |
| Common Stock, Capital Shares Reserved for Future Issuance | 160万2025-12-31 | 160万 | 0.0% | 160万 | 160万 | 0.0% |
| Common Stock, Dividends, Per Share, Cash Paid | $1.78 | $1.71 | +4.1% | $6.042023-12-31 | $5.68 | +6.3% |
| Common Stock, Dividends, Per Share, Declared | $1.78 | $1.71 | +4.1% | $6.84 | $6.52 | +4.9% |
| Common Stock, Par or Stated Value Per Share | $0.75 | $0.75 | 0.0% | $0.75 | $0.75 | 0.0% |
| Common Stock, Shares Authorized | 60亿 | 60亿 | 0.0% | 60亿 | 60亿 | 0.0% |
| Common Stock, Shares, Issued | 24.4亿 | 24.4亿 | 0.0% | 24.4亿 | 24.4亿 | 0.0% |
| Common Stock, Value, Issued | $18.3亿 | $18.3亿 | 0.0% | $18.3亿 | $18.3亿 | 0.0% |
| Compensation and Benefits Trust | $2.4亿 | $2.4亿 | 0.0% | $2.4亿 | $2.4亿 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $1.42亿 | $2500万 | +468.0% | $1.86亿 | $8800万 | +111.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $126亿 | $26.3亿 | +376.9% | $126亿 | $179亿 | -29.5% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $127亿 | $26.6亿 | +377.8% | $128亿 | $179亿 | -28.8% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $164亿 | $118亿 | +39.0% | $123亿 | $142亿 | -13.4% |
| Cost of Goods and Services Sold | $366亿 | $269亿 | +36.3% | $1080亿 | $1190亿 | -9.2% |
| Costs and Expenses | $534亿 | $407亿 | +31.2% | $1690亿 | $1750亿 | -3.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $4.44亿 | $8.54亿 | -48.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $55.2亿 | $73.9亿 | -25.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3.09亿 | $2.75亿 | +12.4% |
| Debt, Current | $109亿2025-12-31 | $127亿 | -13.7% | $109亿 | $127亿 | -13.7% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $8.85亿 | $7.48亿 | +18.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $1.88亿 | $4.82亿 | -61.0% |
| Deferred Income Tax Assets, Net | $28.6亿2025-12-31 | $35.2亿 | -18.6% | $28.6亿 | $35.2亿 | -18.6% |
| Deferred Income Tax Liabilities, Net | $303亿 | $197亿 | +53.9% | $300亿 | $191亿 | +56.8% |
| Deferred Income Taxes and Tax Credits | $2.98亿 | $2900万 | +927.6% | $9.86亿 | $12.4亿 | -20.5% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$8800万 | $1000万 | -980.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-01