CVX’s worst drop since 1999 was 56%
Chevron Corporation (CVX) fell 56% from Jul 2019 to Mar 2020. It took 2.2 years from that peak to close at a new high, in Oct 2021. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 810th of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 1999 to now
How CVX held up in each crash
| Crash | Years | CVX | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | −29.6% | −47.5% |
| Financial crisis | 2007–09 | −43.8% | −55.2% |
| COVID crash | 2020 | −54.8% | −33.7% |
| 2022 rate shock | 2022 | −25.0% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how CVX behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was CVX’s maximum drawdown?
CVX’s deepest fall since 1999 was 55.8%, from its high on July 24, 2019 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did CVX take to recover?
2.2 years. CVX first closed above its Jul 2019 high again on October 20, 2021.
Was CVX riskier than the S&P 500?
Over the same years, CVX’s worst drop was 55.8% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −54.2% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 5, 1999 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.