• Chevron average price/book ratio for 2023 was 1.77, a 2.75% decline from 2022.
• Chevron average price/book ratio for 2022 was 1.82, a 34.81% decline from 2021.
• Chevron average price/book ratio for 2021 was 1.35, a 45.16% increase from 2020.

Price/book ratio can be defined as