BP p.l.c (BP-A) — Capital Reinvestment Ratio
Latest as of December 2025:
0.46x
BP p.l.c (BP-A) has a Capital Reinvestment Ratio of 0.46x as of December 2025, meaning it reinvests 0% of its operating cash flow (GBX7.60 Billion) in capital expenditures (GBX3.46 Billion). Check BP p.l.c tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
0.46x
Capex / Operating Cash Flow
Operating Cash Flow
GBX7.60 Billion
GBX
Capital Expenditures
GBX3.46 Billion
GBX
Data as of
Dec 2025
Most recent filing
BP p.l.c Capital Reinvestment Ratio (1990–2025)
This chart tracks BP p.l.c's Capital Reinvestment Ratio across 48 annual periods. For the full cash flow conversion analysis, see BP-A cash flow conversion.
Annual Capital Reinvestment Ratio for BP p.l.c (1990–2025)
Year-by-year Capital Reinvestment Ratio for BP p.l.c from 1990 to 2025. See BP p.l.c (BP-A) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (GBX) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.54x | GBX24.49 Billion | GBX13.22 Billion | ▼ -3.7% |
| 2024 | 0.56x | GBX27.30 Billion | GBX15.30 Billion | ▲ +25.7% |
| 2023 | 0.45x | GBX32.04 Billion | GBX14.29 Billion | ▲ +17.6% |
| 2023 | 0.38x | GBX36.23 Billion | GBX13.73 Billion | ▲ +1.3% |
| 2023 | 0.37x | GBX35.77 Billion | GBX13.38 Billion | ▲ +19.8% |
| 2023 | 0.31x | GBX40.34 Billion | GBX12.60 Billion | ▲ +5.9% |
| 2022 | 0.29x | GBX40.93 Billion | GBX12.07 Billion | ▼ -11.4% |
| 2022 | 0.33x | GBX33.48 Billion | GBX11.14 Billion | ▼ -2.9% |
| 2022 | 0.34x | GBX31.16 Billion | GBX10.69 Billion | ▼ -15.7% |
| 2022 | 0.41x | GBX25.71 Billion | GBX10.46 Billion | ▼ -11.8% |
| 2021 | 0.46x | GBX23.61 Billion | GBX10.89 Billion | ▼ -17.4% |
| 2021 | 0.56x | GBX19.77 Billion | GBX11.04 Billion | ▼ -3.3% |
| 2021 | 0.58x | GBX18.99 Billion | GBX10.97 Billion | ▼ -13.4% |
| 2021 | 0.67x | GBX17.32 Billion | GBX11.55 Billion | ▼ -34.1% |
| 2020 | 1.01x | GBX12.16 Billion | GBX12.31 Billion | ▲ +32.9% |
| 2020 | 0.76x | GBX17.50 Billion | GBX13.32 Billion | ▼ -5.0% |
| 2020 | 0.80x | GBX18.35 Billion | GBX14.70 Billion | ▲ +10.6% |
| 2020 | 0.72x | GBX21.43 Billion | GBX15.51 Billion | ▲ +21.0% |
| 2019 | 0.60x | GBX25.77 Billion | GBX15.42 Billion | ▼ -18.1% |
| 2018 | 0.73x | GBX22.87 Billion | GBX16.71 Billion | ▼ -16.5% |
| 2017 | 0.87x | GBX18.93 Billion | GBX16.56 Billion | ▼ -44.0% |
| 2016 | 1.56x | GBX10.69 Billion | GBX16.70 Billion | ▲ +60.3% |
| 2015 | 0.97x | GBX19.13 Billion | GBX18.65 Billion | ▲ +41.6% |
| 2014 | 0.69x | GBX32.75 Billion | GBX22.55 Billion | ▼ -40.8% |
| 2013 | 1.16x | GBX21.10 Billion | GBX24.52 Billion | ▲ +2.7% |
| 2012 | 1.13x | GBX20.40 Billion | GBX23.08 Billion | ▲ +40.5% |
| 2011 | 0.81x | GBX22.15 Billion | GBX17.84 Billion | ▼ -40.5% |
| 2010 | 1.35x | GBX13.62 Billion | GBX18.42 Billion | ▲ +81.6% |
| 2009 | 0.75x | GBX27.72 Billion | GBX20.65 Billion | ▲ +24.7% |
| 2008 | 0.60x | GBX37.91 Billion | GBX22.66 Billion | ▼ -18.4% |
| 2007 | 0.73x | GBX24.34 Billion | GBX17.83 Billion | ▲ +36.6% |
| 2006 | 0.54x | GBX28.22 Billion | GBX15.12 Billion | ▲ +14.5% |
| 2005 | 0.47x | GBX26.23 Billion | GBX12.28 Billion | ▼ -13.7% |
| 2004 | 0.54x | GBX24.03 Billion | GBX13.04 Billion | ▼ -26.7% |
| 2003 | 0.74x | GBX16.73 Billion | GBX12.38 Billion | ▲ +56.3% |
| 2002 | 0.47x | GBX15.90 Billion | GBX7.53 Billion | ▼ -1.7% |
| 2001 | 0.48x | GBX17.43 Billion | GBX8.39 Billion | ▼ -31.2% |
| 2000 | 0.70x | GBX14.60 Billion | GBX10.22 Billion | ▲ +1.3% |
| 1999 | 0.69x | GBX9.35 Billion | GBX6.46 Billion | ▼ -36.6% |
| 1998 | 1.09x | GBX8.02 Billion | GBX8.74 Billion | ▲ +27.1% |
| 1997 | 0.86x | GBX10.37 Billion | GBX8.89 Billion | ▼ -18.7% |
| 1996 | 1.05x | GBX2.95 Billion | GBX3.11 Billion | ▲ +54.3% |
| 1995 | 0.68x | GBX3.87 Billion | GBX2.65 Billion | ▼ -19.5% |
| 1994 | 0.85x | GBX2.83 Billion | GBX2.40 Billion | ▼ -17.0% |
| 1993 | 1.02x | GBX2.74 Billion | GBX2.80 Billion | ▼ -46.8% |
| 1992 | 1.92x | GBX1.80 Billion | GBX3.47 Billion | ▲ +7.9% |
| 1991 | 1.78x | GBX2.13 Billion | GBX3.79 Billion | ▲ +46.7% |
| 1990 | 1.22x | GBX2.96 Billion | GBX3.60 Billion | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow