CVX drawdown: 7.8% below the all-time high
Chevron Corporation (CVX) is 7.8% below its all-time high, set Mar 27, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1970).
- Below all-time high
- −7.8%
- 92.2% of ATH
- All-time high
- $211.2
- Mar 27, 2026
- Time below the high
- 4 mo
- since Mar 27, 2026
- Worst-ever drawdown
- −59.8%
- Mar 23, 2020
- Longest underwater
- 7.5 yrs
- between all-time highs
- Today's level first reached
- Mar 12, 2026
- 4 mo ago
- Last time this deep
- Jan 29, 2026
- in a previous episode
% of all-time high since 1970#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of CVX, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jul 24, 2014 | Mar 23, 2020 | −59.8% | 5.7 yrs | Jan 27, 2022 | 7.5 yrs |
| Nov 26, 1980 | Aug 4, 1982 | −58.2% | 1.7 yrs | Mar 20, 1987 | 6.3 yrs |
| Jan 31, 1973 | Oct 3, 1974 | −54.2% | 1.7 yrs | Jul 18, 1977 | 4.5 yrs |
| May 20, 2008 | Mar 5, 2009 | −45.2% | 9 mo | Feb 28, 2011 | 2.8 yrs |
| Jul 17, 1987 | Nov 30, 1987 | −43.1% | 4 mo | Oct 5, 1989 | 2.2 yrs |
| Apr 29, 1999 | Jan 27, 2003 | −40.3% | 3.7 yrs | Sep 17, 2004 | 5.4 yrs |
| Nov 15, 2022 | Apr 21, 2025 | −28.9% | 2.4 yrs | Mar 2, 2026 | 3.3 yrs |
| Jan 9, 1970 | Jul 7, 1970 | −27.0% | 6 mo | Dec 11, 1970 | 11 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1970: how far CVX stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: CVX is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is CVX from its all-time high?
- CVX is currently 7.8% below its all-time high, set Mar 27, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest CVX drawdown ever?
- The deepest decline on record in our data (since 1970) took the stock 59.8% below its prior high, bottoming Mar 23, 2020. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1970 (split-adjusted). "All-time" means since our price data begins — CVX may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.