Chevron's third-quarter earnings exceeded expectations. Earnings slipped sequentially, despite much stronger refining margins, because of slightly lower oil prices and timing effects that weighed on international results. Guidance was unchanged, while additional plans for Venezuela were announced.
Returns and free cash flow should improve, thanks to disciplined capital spending, cost reductions, and higher-margin production volumes.
Chevron's greater oil leverage leaves it more at risk in the event of a decline in oil prices than some more integrated oil peers.
|
Metric
|
CVX
|
XOM
|
BP
|
|---|---|---|---|
Price/Earnings (Normalized) | 21.73 | 22.75 | 11.37 |
Price/Book Value | 2.36 | 2.87 | 2.09 |
Price/Sales | 2.07 | 2.02 | 0.56 |
Price/Cash Flow | 8.86 | 10.46 | 2.86 |
|
Metric
|
CVX
|
XOM
|
BP
|
|---|---|---|---|
Quick Ratio | 0.84 | 0.80 | 0.80 |
Current Ratio | 1.25 | 1.13 | 1.29 |
Interest Coverage | 22.46 | 59.52 | 5.34 |
|
Metric
|
CVX
|
XOM
|
BP
|
|---|---|---|---|
Return on Assets (Normalized) | 6.86% | 8.50% | 8.52% |
Return on Equity (Normalized) | 11.95% | 14.95% | 43.16% |
Return on Invested Capital (Normalized) | 10.05% | 12.72% | 18.15% |
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1-Day Chart
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Price
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Morningstar Rating for Stocks
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Economic Moat
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