Produces oil and gas and refines it, with a portfolio weighted more toward upstream production than its closest peer.
Chevron (CVX) scores 5.6 out of 10 as of , computed from its reported financial statements. That reads as solid quality. The reading rests on solvency, and growth is what holds it back.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
We cannot judge Chevron yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
A more upstream-weighted portfolio means more direct exposure to crude, which shows up as weaker predictability and stronger operating leverage in both directions. Solvency is the pillar that decides who comes out of a downturn buying assets rather than selling them. Comparing pillar by pillar against another major is far more informative than the overall figure.
As of October 19, 2026, Chevron scores 5.6 out of 10 on the Lemma Quality Score, a reading of solid quality. This band covers companies that do several things well but not everything, so the pillar detail below matters more than the headline. Nothing in it comes from the share price or from forecasts: it is Chevron’s own reported numbers, scored pillar by pillar.
Ranked with the 87 Energy companies Lemma publishes, the score sits at the 64th percentile, in the better half of its peers. A typical company in the group scores 5.0, and the best quarter starts from 5.9. Chevron is above that typical reading.
Profitability scores 5.7 out of 10, which reads as average. The median across 84 Energy companies is 5.5, so Chevron is in line with its peers on this pillar and ranks at the 55th percentile. An average profitability reading usually means the company earns a fair return without obvious pricing power, so the other pillars decide more of the story.
Chevron’s solvency score is 9.1 out of 10 (strong). Against a median of 6.5 among 79 Energy companies, that is well above the group and the 91st percentile. A high solvency score means leverage is modest relative to earnings and cash flow, which gives management room to act in a bad year.
Chevron’s growth score is 2.5 out of 10 (weak). Against a median of 5.2 among 66 Energy companies, that is well below the group and the 17th percentile. A low growth score is common for large, established companies and is not a verdict on quality on its own, but it limits how the business can compound.
Chevron’s efficiency score is 7.2 out of 10 (strong). Against a median of 5.5 among 81 Energy companies, that is well above the group and the 76th percentile. High efficiency means assets and earnings are being turned into cash and output better than at most peers, a sign of a well run operation.
On predictability, Chevron scores 3.8, a weak reading. Its peers have a median of 3.1 across 86 Energy companies, which places it above them, at the 68th percentile. Middling predictability suggests some volatility in the record, enough to read the other pillars with a little caution.
The gap between Chevron’s best and worst pillar is wide: solvency at 9.1 against growth at 2.5, 6.6 points apart. An average of two readings this different deserves a closer look than the headline number. Leading with solvency is a defensive strength: it protects the business more than it grows it. Slow growth limits how fast the business can compound, even when everything else is in order.
Closing the gap on growth would do the most for the overall. At the median of Energy companies, 5.2, Chevron would score about 6.1 instead of 5.6. The weights add up to 100 points (profitability 25, solvency 20, growth 20, efficiency 15, predictability 20), and Chevron has a reading on every pillar.
For a fair comparison, start with companies of a similar size: the Energy companies below are nearest to Chevron by market value, each scored on the same pillars.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading Chevron scores 5.6 out of 10, which reads as solid quality. Its strongest pillar is solvency, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.
Chevron ranks at the 64th percentile of the 87 Energy companies Lemma publishes a score for. The median there is 5.0 and the top quarter starts at 5.9, against Chevron’s 5.6.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 19, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for CVX are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.
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