Valuation + Options Snapshot
CVX
$214.30 · 52-week range $146.49 – $215.28 · as of 2026-09-10
Value
Fair
Volatility setup
Fair
What the numbers show
- P/E 20.6× vs 5y median 15.5× — 33.2% above its own history.
- FCF yield 6.4% — modest.
- Dividend yield 3.26% — well covered by TTM FCF (2.0×).
- YoY growth — revenue +11.2%, EPS +33.7%, FCF +67.8%.
- Share count up 9.9% over 8 quarters — meaningful dilution.
- ATM IV 27.2% vs trailing realized vol 23.5% — +3.8 vol points (roughly fair).
- Liquid chain — ATM-band put OI 11,785.
- Within 0.5% of 52-week high — elevated relative to its 1-year range.
Current P/E
20.6×
5y median P/E
15.5×
vs 5y median
+33.2%
FCF yield
6.38%
Dividend yield
3.26%
Coverage (FCF / div)
2.0×
Revenue YoY
+11.2%
EPS YoY
+33.7%
FCF YoY
+67.8%
Shares Δ (8 quarters)
+9.9%
ATM implied vol
27.2%
Realized vol (1y)
23.5%
IV − RV
+3.8 pts
ATM-band put OI
11,785
Range position
32% above low
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This page is not a recommendation. It shows structural numbers and classification only. Whether CVX is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.