Chevron Corp (CVX) — Capital Reinvestment Ratio
Latest as of March 2026:
1.62x
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 free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.62x
Capex / Operating Cash Flow
Operating Cash Flow
$2.51 Billion
USD
Capital Expenditures
$4.06 Billion
USD
Data as of
Mar 2026
Most recent filing
Chevron Corp Capital Reinvestment Ratio (1992–2025)
This chart tracks Chevron Corp's Capital Reinvestment Ratio across 34 annual periods.
Annual Capital Reinvestment Ratio for Chevron Corp (1992–2025)
Year-by-year Capital Reinvestment Ratio for Chevron Corp from 1992 to 2025. For live market cap and broader valuation context, see CVX market cap.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow