Chevron Corp (CVX) — 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). Check Chevron Corp (CVX) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Chevron Corp Capital Reinvestment Ratio (1992–2025)
This chart tracks Chevron Corp's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see Chevron Corp (CVX) cash flow conversion.
Annual Capital Reinvestment Ratio for Chevron Corp (1992–2025)
Year-by-year Capital Reinvestment Ratio for Chevron Corp from 1992 to 2025. See how much free cash does Chevron Corp 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 | 0.51x | $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 | — |