Key Takeaways Chevron generated $13.8B in operating cash flow in the first half of 2025.The company maintains low leverage with a debt-to-EBITDA ratio of 0.7.CVX supports a 4.35% dividend yield and a $10-20B annual buyback program.Chevron Corporation’s ((CVX) balance sheet remains one of the strongest in the oil/energy sector, acting as a vital buffer in a business known for its volatility. With modest leverage and billions in cash generation, the company has room to breathe even when markets tighten. In th ...