Chevron Corporation (CVX) FCF Payout Ratio: 96.52%
Is Chevron Corporation’s FCF payout ratio high or low?
Chevron Corporation's FCF payout ratio of 96.52% is 33% below its 5-year average of 144.25%, near the low end of its 5-year range (29.15%–575.49%).
The FCF payout ratio for Chevron Corporation (CVX) is 96.52%. It is above its 12-month average by 24.31% (77.64%).
CVX FCF Payout Ratio Chart
CVX Average FCF Payout Ratio Chart
CVX Current vs Average FCF Payout Ratio Chart
CVX FCF Payout Ratio Metrics
FCF PAYOUT RATIO
96.52%
FCF PAYOUT RATIO AVG TTM
77.64%
FCF PAYOUT RATIO AVG 3Y
60.44%
FCF PAYOUT RATIO AVG 5Y
144.25%
FCF PAYOUT RATIO AVG 10Y
122.04%
FCF PAYOUT RATIO AVG 15Y
106.30%
FCF PAYOUT RATIO AVG 20Y
91.31%
CURRENT VS TTM AVG
+24.31%
CURRENT VS 3Y AVG
+59.70%
CURRENT VS 5Y AVG
-33.09%
CURRENT VS 10Y AVG
-20.91%
CURRENT VS 15Y AVG
-9.20%
CURRENT VS 20Y AVG
+5.71%
Payout Ratio Comparison
FCF Payout Ratio
96.5%
Earnings Payout Ratio
105.0%
Dividend Yield
3.66%
FCF Yield
3.53%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $16.59B | $12.75B | 76.9% |
| 2024 | $15.04B | $11.80B | 78.4% |
| 2023 | $19.78B | $11.34B | 57.3% |
| 2022 | $37.63B | $10.97B | 29.1% |
| 2021 | $21.09B | $10.18B | 48.3% |
| 2020 | $1.68B | $9.65B | 575.5% |
| 2019 | $13.20B | $8.96B | 67.9% |
| 2018 | $16.80B | $8.50B | 50.6% |
| 2017 | $7.11B | $8.13B | 114.4% |
| 2016 | ($5.26B) | $8.03B | N/A (Loss) |
| 2015 | ($10.05B) | $7.99B | N/A (Loss) |
| 2014 | ($3.93B) | $7.93B | N/A (Loss) |
| 2013 | ($2.98B) | $7.47B | N/A (Loss) |
| 2012 | $7.87B | $6.84B | 86.9% |
| 2011 | $14.60B | $6.14B | 42.1% |
| 2010 | $11.75B | $5.67B | 48.3% |
| 2009 | ($470.00M) | $5.30B | N/A (Loss) |
| 2008 | $9.97B | $5.16B | 51.8% |
| 2007 | $8.30B | $4.79B | 57.7% |
| 2006 | $10.51B | $4.40B | 41.8% |
| 2005 | $11.40B | $3.88B | 34.0% |
| 2004 | $8.38B | $3.28B | 39.1% |
| 2003 | $6.69B | $3.07B | 45.9% |
| 2002 | $2.34B | $2.99B | 127.6% |
| 2001 | $1.74B | $2.86B | 163.9% |
| 2000 | $5.84B | $2.79B | 47.8% |
| 1999 | ($124.00M) | $2.67B | N/A (Loss) |
| 1998 | ($149.00M) | $1.60B | N/A (Loss) |
| 1997 | $684.00M | $1.49B | 218.3% |
| 1996 | $2.37B | $1.36B | 57.2% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
Chevron Corporation FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Chevron Corporation FCF Payout Ratio FAQ
- What is the FCF payout ratio for Chevron Corporation (CVX)?
- The FCF payout ratio for CVX stock is 96.52%.
- Is Chevron Corporation's FCF payout ratio high or low?
- Chevron Corporation's FCF payout ratio of 96.52% is 33% below its 5-year average of 144.25%, near the low end of its 5-year range (29.15%–575.49%).
- What is the TTM average FCF payout ratio for Chevron Corporation (CVX)?
- The TTM average FCF payout ratio for CVX stock is 77.64%.
- What is the 3Y average FCF payout ratio for Chevron Corporation (CVX)?
- The 3Y average FCF payout ratio for CVX stock is 60.44%.
- What is the 5Y average FCF payout ratio for Chevron Corporation (CVX)?
- The 5Y average FCF payout ratio for CVX stock is 144.25%.
- What is the 10Y average FCF payout ratio for Chevron Corporation (CVX)?
- The 10Y average FCF payout ratio for CVX stock is 122.04%.
- What is the 15Y average FCF payout ratio for Chevron Corporation (CVX)?
- The 15Y average FCF payout ratio for CVX stock is 106.30%.
- What is the 20Y average FCF payout ratio for Chevron Corporation (CVX)?
- The 20Y average FCF payout ratio for CVX stock is 91.31%.
Chevron Corporation FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 76.85% |
| 2024-12-31 | 78.44% |
| 2023-12-31 | 57.31% |
| 2022-12-31 | 29.15% |
| 2021-12-31 | 48.27% |
| 2020-12-31 | 575.49% |
| 2019-12-31 | 67.87% |
| 2018-12-31 | 50.60% |
| 2017-12-31 | 114.36% |
| 2012-12-31 | 86.92% |
| 2011-12-31 | 42.05% |
| 2010-12-31 | 48.30% |
| 2008-12-31 | 51.80% |
| 2007-12-31 | 57.73% |
| 2006-12-31 | 41.83% |
| 2005-12-31 | 33.99% |
| 2004-12-31 | 39.11% |
| 2003-12-31 | 45.89% |
| 2002-12-31 | 127.60% |
| 2001-12-31 | 163.88% |
| 2000-12-31 | 47.77% |
| 1997-12-31 | 218.27% |
| 1996-12-31 | 57.23% |
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