Chevron Corporation (CVX) Debt to Equity Ratio: 0.25
Is Chevron Corporation’s debt to equity ratio high or low?
Chevron Corporation's debt to equity ratio of 0.25 is 19% above its 5-year average of 0.21, around the middle of its 5-year range (0.13–0.34).
The debt to equity ratio for Chevron Corporation (CVX) is 0.25 as of Wednesday, June 10, 2026. It is above its 12-month average by 21.95% (0.21).
CVX Debt to Equity Ratio Chart
CVX Average Debt to Equity Ratio Chart
CVX Current vs Average Debt to Equity Ratio Chart
CVX Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
0.25
DEBT TO EQUITY RATIO AVG TTM
0.21
DEBT TO EQUITY RATIO AVG 3Y
0.17
DEBT TO EQUITY RATIO AVG 5Y
0.21
DEBT TO EQUITY RATIO AVG 10Y
0.23
DEBT TO EQUITY RATIO AVG 15Y
0.19
DEBT TO EQUITY RATIO AVG 20Y
0.18
CURRENT VS TTM AVG
+21.95%
CURRENT VS 3Y AVG
+44.93%
CURRENT VS 5Y AVG
+19.05%
CURRENT VS 10Y AVG
+10.00%
CURRENT VS 15Y AVG
+29.03%
CURRENT VS 20Y AVG
+40.00%
CVX Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | — | 0.25 | 0.21 | 0.17 | 0.21 |
| ConocoPhillips (COP) | $146.50B | 0.36 | 0.38 | 0.38 | 0.41 |
| Exxon Mobil Corporation (XOM) | $626.18B | 0.17 | 0.17 | 0.19 | 0.24 |
| SLB N.V. (SLB) | $82.98B | 0.47 | 0.52 | 0.58 | 0.78 |
| Marathon Petroleum Corporation (MPC) | $76.89B | 1.98 | 1.80 | 1.44 | 1.38 |
| Valero Energy Corporation (VLO) | $76.63B | 0.49 | 0.48 | 0.49 | 0.61 |
| EOG Resources, Inc. (EOG) | $74.71B | 0.28 | 0.23 | 0.21 | 0.24 |
| Phillips 66 (PSX) | $72.86B | 0.79 | 0.76 | 0.68 | 0.72 |
| Occidental Petroleum Corporation (OXY) | $56.79B | 0.66 | 0.73 | 0.71 | 1.05 |
| Antero Midstream Corporation (AM) | $10.32B | 1.63 | 1.55 | 1.53 | 1.46 |
Financial Health
Debt/Equity
0.25
Current Ratio
1.15
Chevron Corporation Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Chevron Corporation Debt to Equity Ratio FAQ
- What is the debt to equity ratio for Chevron Corporation (CVX)?
- The debt to equity ratio for CVX stock is 0.25.
- Is Chevron Corporation's debt to equity ratio high or low?
- Chevron Corporation's debt to equity ratio of 0.25 is 19% above its 5-year average of 0.21, around the middle of its 5-year range (0.13–0.34).
- What is the TTM average debt to equity ratio for Chevron Corporation (CVX)?
- The TTM average debt to equity ratio for CVX stock is 0.21.
- What is the 3Y average debt to equity ratio for Chevron Corporation (CVX)?
- The 3Y average debt to equity ratio for CVX stock is 0.17.
- What is the 5Y average debt to equity ratio for Chevron Corporation (CVX)?
- The 5Y average debt to equity ratio for CVX stock is 0.21.
- What is the 10Y average debt to equity ratio for Chevron Corporation (CVX)?
- The 10Y average debt to equity ratio for CVX stock is 0.23.
- What is the 15Y average debt to equity ratio for Chevron Corporation (CVX)?
- The 15Y average debt to equity ratio for CVX stock is 0.19.
- What is the 20Y average debt to equity ratio for Chevron Corporation (CVX)?
- The 20Y average debt to equity ratio for CVX stock is 0.18.
Chevron Corporation Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 0.25 |
| 2024-12-31 | 0.16 |
| 2023-12-31 | 0.13 |
| 2022-12-31 | 0.15 |
| 2021-12-31 | 0.23 |
| 2020-12-31 | 0.34 |
| 2019-12-31 | 0.19 |
| 2018-12-31 | 0.22 |
| 2017-12-31 | 0.26 |
| 2016-12-31 | 0.32 |
| 2015-12-31 | 0.25 |
| 2014-12-31 | 0.18 |
| 2013-12-31 | 0.14 |
| 2012-12-31 | 0.09 |
| 2011-12-31 | 0.08 |
| 2010-12-31 | 0.11 |
| 2009-12-31 | 0.11 |
| 2008-12-31 | 0.10 |
| 2007-12-31 | 0.09 |
| 2006-12-31 | 0.14 |
| 2005-12-31 | 0.21 |
| 2004-12-31 | 0.25 |
| 2003-12-31 | 0.35 |
| 2002-12-31 | 0.51 |
| 2001-12-31 | 0.51 |
| 2000-12-31 | 0.48 |
| 1999-12-31 | 0.64 |
| 1998-12-31 | 0.44 |
| 1997-12-31 | 0.35 |
| 1996-12-31 | 0.43 |
Related Metrics
About Chevron Corporation
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Michael K. Wirth