ConocoPhillips (COP) — Capital Reinvestment Ratio
ConocoPhillips (COP) has a Capital Reinvestment Ratio of 0.41x as of June 2026, meaning it reinvests 0% of its operating cash flow ($7.43 Billion) in capital expenditures ($3.02 Billion). Check COP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
ConocoPhillips Capital Reinvestment Ratio (1989–2025)
This chart tracks ConocoPhillips's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see how efficiently does ConocoPhillips generate cash.
Annual Capital Reinvestment Ratio for ConocoPhillips (1989–2025)
Year-by-year Capital Reinvestment Ratio for ConocoPhillips from 1989 to 2025. See how much free cash does ConocoPhillips generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.15x | $19.80 Billion | $3.02 Billion | ▼ -74.6% |
| 2024 | 0.60x | $20.12 Billion | $12.12 Billion | ▲ +6.9% |
| 2023 | 0.56x | $19.96 Billion | $11.25 Billion | ▲ +57.0% |
| 2022 | 0.36x | $28.31 Billion | $10.16 Billion | ▲ +14.5% |
| 2021 | 0.31x | $17.00 Billion | $5.32 Billion | ▼ -68.1% |
| 2020 | 0.98x | $4.80 Billion | $4.71 Billion | ▲ +64.3% |
| 2019 | 0.60x | $11.10 Billion | $6.64 Billion | ▲ +14.5% |
| 2018 | 0.52x | $12.93 Billion | $6.75 Billion | ▼ -19.6% |
| 2017 | 0.65x | $7.08 Billion | $4.59 Billion | ▼ -41.3% |
| 2016 | 1.11x | $4.40 Billion | $4.87 Billion | ▼ -16.7% |
| 2015 | 1.33x | $7.57 Billion | $10.05 Billion | ▲ +28.7% |
| 2014 | 1.03x | $16.57 Billion | $17.09 Billion | ▲ +6.8% |
| 2013 | 0.97x | $16.09 Billion | $15.54 Billion | ▼ -5.1% |
| 2012 | 1.02x | $13.92 Billion | $14.17 Billion | ▲ +50.8% |
| 2011 | 0.68x | $19.65 Billion | $13.27 Billion | ▲ +17.9% |
| 2010 | 0.57x | $17.05 Billion | $9.76 Billion | ▼ -34.2% |
| 2009 | 0.87x | $12.48 Billion | $10.86 Billion | ▲ +3.3% |
| 2008 | 0.84x | $22.66 Billion | $19.10 Billion | ▲ +75.5% |
| 2007 | 0.48x | $24.55 Billion | $11.79 Billion | ▼ -33.7% |
| 2006 | 0.72x | $21.52 Billion | $15.60 Billion | ▲ +10.0% |
| 2005 | 0.66x | $17.63 Billion | $11.62 Billion | ▼ -17.0% |
| 2004 | 0.79x | $11.96 Billion | $9.50 Billion | ▲ +20.4% |
| 2003 | 0.66x | $9.36 Billion | $6.17 Billion | ▼ -25.3% |
| 2002 | 0.88x | $4.97 Billion | $4.39 Billion | ▲ +2.0% |
| 2001 | 0.87x | $3.56 Billion | $3.08 Billion | ▲ +71.9% |
| 2000 | 0.50x | $4.01 Billion | $2.02 Billion | ▼ -42.1% |
| 1999 | 0.87x | $1.94 Billion | $1.69 Billion | ▼ -30.8% |
| 1998 | 1.26x | $1.63 Billion | $2.05 Billion | ▲ +38.3% |
| 1997 | 0.91x | $2.25 Billion | $2.04 Billion | ▲ +22.9% |
| 1996 | 0.74x | $2.08 Billion | $1.54 Billion | ▼ -18.8% |
| 1995 | 0.91x | $1.60 Billion | $1.46 Billion | ▼ -4.9% |
| 1994 | 0.96x | $1.20 Billion | $1.15 Billion | ▲ +3.2% |
| 1993 | 0.93x | $1.31 Billion | $1.22 Billion | ▼ -26.7% |
| 1992 | 1.27x | $908.00 Million | $1.15 Billion | ▼ -5.6% |
| 1991 | 1.34x | $1.03 Billion | $1.39 Billion | ▲ +7.3% |
| 1990 | 1.25x | $1.10 Billion | $1.38 Billion | ▲ +137.6% |
| 1989 | 0.53x | $1.65 Billion | $872.00 Million | — |