Chevron (CVX), measured in bitcoin
One Chevron share costs 261,879 sats today ($217.73). That's 99% more sats than a year ago, so over the past year the stock beat holding bitcoin. Since 2019, its shareholder return has been +18% a year in dollars, faster than the money supply grew (+6.6%), and −17% a year measured in bitcoin.
Next earnings: Friday, October 30 before the open.
What one share costs in bitcoin today ($217.73). One bitcoin is 100 million sats.
More sats per share than a year ago. Above zero means the stock beat simply holding bitcoin.
Cash the business produces per share, plus how fast that grows, since 2019. Beat new dollars (+6.6%/yr); trailed bitcoin (+1.8%/yr new supply).
What each $1 it spent buying back its own stock since 2019 is worth today, versus the same $1 in bitcoin bought at the same times. Bitcoin wins.
$70.1 billion of revenue in the quarter to Jun 30, 2026, at that quarter's average price: ₿977,990 of the 21 million that will ever exist.
Since mid-2022 it paid shareholders $14.8 billion more than its business generated; the gap came from paid out 117% of free cash flow.
How it compares: energy
Sorted by the past year in bitcoin. Within the same window every stock is divided by the same bitcoin price, so the order matches dollars; what bitcoin adds is the line at zero: above it, the stock beat holding bitcoin.
| Company | Sats per share | Past year, ₿ | Vs 2019 avg, ₿ | Shareholder return, ₿ |
|---|---|---|---|---|
| ConocoPhillips COP | 169,470 | +120% | −83% | – |
| ExxonMobil XOM | 209,378 | +115% | −82% | – |
| Chevron CVX | 261,879 | +99% | −86% | −17%/yr |
Questions
- How many sats is one Chevron share?
- 261,879 sats ($217.73) at the close on October 13, 2026, or 0.00262 bitcoin.
- Has Chevron beaten bitcoin?
- Measured by share price, no: a share costs 86% fewer sats than its 2019 average (in dollars: +82%). Measured by the business (cash generated per share and its growth), −17% a year in bitcoin terms, behind bitcoin's supply growth.
- Did Chevron's buybacks beat bitcoin?
- No. It spent $66.3 billion buying back its own stock since 2019. Each $1 is now worth $1.44 in shares; the same $1 in bitcoin, bought at the same times, would be worth $2.77. (Per dollar: at that size the buying itself would have moved bitcoin's price.)