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As of Q4'25, CVX's EV/Sales ratio stands at 7.21, marking the highest value in the period covered from Q1'23 to Q4'25. This latest data point reflects a notable increase from the previous quarter's 6.87 and is significantly above the recent low of 5.46 observed in Q2'24. Over the analyzed period, the EV/Sales ratio for CVX has exhibited moderate volatility, with values fluctuating between 5.46 and 7.21. After a dip in mid-2024, the ratio began a steady upward trend from Q2'24 onward, culminating in a sharp rise through the second half of 2025. This pattern suggests renewed investor optimism or higher valuation relative to sales as the period concludes.