• Chevron average price/book ratio for 2023 was 1.75, a 2.78% increase from 2022.
• Chevron average price/book ratio for 2022 was 1.8, a 35.34% decline from 2021.
• Chevron average price/book ratio for 2021 was 1.33, a 44.57% increase from 2020.

Price/book ratio can be defined as