• Chevron average price/book ratio for 2024 was 1.69, a 2.31% decline from 2023.
• Chevron average price/book ratio for 2023 was 1.73, a 2.81% decline from 2022.
• Chevron average price/book ratio for 2022 was 1.78, a 34.85% decline from 2021.

Price/book ratio can be defined as