Valuation + Options Snapshot
CVX
$186.52 · 52-week range $146.49 – $214.71 · as of 2026-08-06
Value
Expensive
Volatility setup
Premium-rich
What the numbers show
- Current P/E: 32.5× (no 5y history available).
- FCF yield 3.7% — thin.
- Dividend yield 3.70% — covered by TTM FCF (1.0×).
- YoY growth — revenue -3.7%, EPS -34.4%, FCF +1.6%.
- Share count up 8.9% over 8 quarters — meaningful dilution.
- ATM IV 28.5% vs trailing realized vol 23.1% — +5.5 vol points premium (premium-rich for sellers).
- Liquid chain — ATM-band put OI 62,166.
Current P/E
32.5×
5y median P/E
—
vs 5y median
—
FCF yield
3.71%
Dividend yield
3.70%
Coverage (FCF / div)
1.0×
Revenue YoY
-3.7%
EPS YoY
-34.4%
FCF YoY
+1.6%
Shares Δ (8 quarters)
+8.9%
ATM implied vol
28.5%
Realized vol (1y)
23.1%
IV − RV
+5.5 pts
ATM-band put OI
62,166
Range position
22% 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.