Chevron Corp Capital Reinvestment Ratio
Chevron Corp capital reinvestment ratio. Chevron Corp (CVX) has a Capital Reinvestment Ratio of 1.62x as of March 2026, meaning it reinvests 2% of its operating cash flow ($2.51 Billion) in capital expenditures ($4.06 Billion). See Chevron Corp (CVX) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Chevron Corp (1992–2025)
Capital reinvestment ratio of Chevron Corp from 1992 to 2025. This chart tracks Chevron Corp's Capital Reinvestment Ratio across 34 annual periods. See how financially flexible is Chevron Corp to measure the company's free cash flow as a share of total liabilities.
Chevron Corp Capital Reinvestment Ratio by Year (1992–2025)
Chevron Corp capital reinvestment ratio by year from 1992 to 2025. For the full cash flow conversion analysis, see how efficiently does Chevron Corp generate cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.51x | $33.94 Billion | $17.35 Billion | ▼ -2.1% |
| 2024 | 0.52x | $31.49 Billion | $16.45 Billion | ▲ +17.5% |
| 2023 | 0.44x | $35.61 Billion | $15.83 Billion | ▲ +83.7% |
| 2022 | 0.24x | $49.60 Billion | $12.00 Billion | ▼ -12.8% |
| 2021 | 0.28x | $29.20 Billion | $8.10 Billion | ▼ -67.0% |
| 2020 | 0.84x | $10.60 Billion | $8.90 Billion | ▲ +62.6% |
| 2019 | 0.52x | $27.30 Billion | $14.10 Billion | ▲ +14.6% |
| 2018 | 0.45x | $30.62 Billion | $13.80 Billion | ▼ -31.6% |
| 2017 | 0.66x | $20.34 Billion | $13.40 Billion | ▼ -53.2% |
| 2016 | 1.41x | $12.85 Billion | $18.11 Billion | ▼ -7.0% |
| 2015 | 1.52x | $19.46 Billion | $29.50 Billion | ▲ +34.8% |
| 2014 | 1.12x | $31.48 Billion | $35.41 Billion | ▲ +3.7% |
| 2013 | 1.09x | $35.00 Billion | $37.98 Billion | ▲ +36.1% |
| 2012 | 0.80x | $38.81 Billion | $30.94 Billion | ▲ +23.6% |
| 2011 | 0.64x | $41.10 Billion | $26.50 Billion | ▲ +3.1% |
| 2010 | 0.63x | $31.36 Billion | $19.61 Billion | ▼ -38.9% |
| 2009 | 1.02x | $19.37 Billion | $19.84 Billion | ▲ +54.3% |
| 2008 | 0.66x | $29.63 Billion | $19.67 Billion | ▼ -0.6% |
| 2007 | 0.67x | $24.98 Billion | $16.68 Billion | ▲ +17.6% |
| 2006 | 0.57x | $24.32 Billion | $13.81 Billion | ▲ +31.2% |
| 2005 | 0.43x | $20.11 Billion | $8.70 Billion | ▲ +0.8% |
| 2004 | 0.43x | $14.69 Billion | $6.31 Billion | ▼ -6.0% |
| 2003 | 0.46x | $12.31 Billion | $5.62 Billion | ▼ -40.2% |
| 2002 | 0.76x | $9.94 Billion | $7.60 Billion | ▼ -9.9% |
| 2001 | 0.85x | $11.46 Billion | $9.71 Billion | ▲ +49.7% |
| 2000 | 0.57x | $13.47 Billion | $7.63 Billion | ▼ -44.2% |
| 1999 | 1.02x | $7.77 Billion | $7.89 Billion | ▼ -2.3% |
| 1998 | 1.04x | $3.73 Billion | $3.88 Billion | ▲ +22.2% |
| 1997 | 0.85x | $4.58 Billion | $3.90 Billion | ▲ +44.0% |
| 1996 | 0.59x | $5.80 Billion | $3.42 Billion | ▼ -31.8% |
| 1995 | 0.87x | $4.08 Billion | $3.53 Billion | ▼ -26.3% |
| 1994 | 1.18x | $2.90 Billion | $3.40 Billion | ▲ +49.3% |
| 1993 | 0.79x | $4.22 Billion | $3.32 Billion | ▼ -8.1% |
| 1992 | 0.86x | $3.91 Billion | $3.35 Billion | — |