Hess Corporation (HES) — Capital Reinvestment Ratio
Hess Corporation (HES) has a Capital Reinvestment Ratio of 0.72x as of March 2025, meaning it reinvests 1% of its operating cash flow ($1.40 Billion) in capital expenditures ($1.01 Billion). Check HES intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Hess Corporation Capital Reinvestment Ratio (1989–2024)
This chart tracks Hess Corporation's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see Hess Corporation (HES) cash conversion ratio.
Annual Capital Reinvestment Ratio for Hess Corporation (1989–2024)
Year-by-year Capital Reinvestment Ratio for Hess Corporation from 1989 to 2024. See Hess Corporation free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.88x | $5.60 Billion | $4.95 Billion | ▼ -15.2% |
| 2023 | 1.04x | $3.94 Billion | $4.11 Billion | ▲ +50.8% |
| 2022 | 0.69x | $3.94 Billion | $2.73 Billion | ▲ +14.3% |
| 2021 | 0.60x | $2.89 Billion | $1.75 Billion | ▼ -63.3% |
| 2020 | 1.65x | $1.33 Billion | $2.20 Billion | ▼ -4.3% |
| 2019 | 1.72x | $1.64 Billion | $2.83 Billion | ▲ +59.3% |
| 2018 | 1.08x | $1.94 Billion | $2.10 Billion | ▼ -47.2% |
| 2017 | 2.05x | $945.00 Million | $1.94 Billion | ▼ -27.6% |
| 2016 | 2.83x | $795.00 Million | $2.25 Billion | ▲ +29.8% |
| 2015 | 2.18x | $1.98 Billion | $4.32 Billion | ▲ +84.6% |
| 2014 | 1.18x | $4.46 Billion | $5.27 Billion | ▼ -1.5% |
| 2013 | 1.20x | $4.87 Billion | $5.84 Billion | ▼ -12.9% |
| 2012 | 1.38x | $5.66 Billion | $7.79 Billion | ▼ -2.0% |
| 2011 | 1.41x | $4.98 Billion | $7.01 Billion | ▲ +15.9% |
| 2010 | 1.21x | $4.53 Billion | $5.49 Billion | ▲ +26.6% |
| 2009 | 0.96x | $3.05 Billion | $2.92 Billion | ▼ -1.4% |
| 2008 | 0.97x | $4.57 Billion | $4.44 Billion | ▼ -4.8% |
| 2007 | 1.02x | $3.51 Billion | $3.58 Billion | ▼ -7.3% |
| 2006 | 1.10x | $3.49 Billion | $3.84 Billion | ▼ -13.5% |
| 2005 | 1.27x | $1.84 Billion | $2.34 Billion | ▲ +59.2% |
| 2004 | 0.80x | $1.90 Billion | $1.52 Billion | ▼ -6.9% |
| 2003 | 0.86x | $1.58 Billion | $1.36 Billion | ▲ +10.0% |
| 2002 | 0.78x | $1.97 Billion | $1.53 Billion | ▼ -38.8% |
| 2001 | 1.28x | $1.96 Billion | $2.50 Billion | ▲ +150.7% |
| 2000 | 0.51x | $1.84 Billion | $938.00 Million | ▼ -50.8% |
| 1999 | 1.03x | $770.00 Million | $796.70 Million | ▼ -62.7% |
| 1998 | 2.77x | $518.80 Million | $1.44 Billion | ▲ +157.6% |
| 1997 | 1.08x | $1.25 Billion | $1.35 Billion | ▲ +1.0% |
| 1996 | 1.07x | $807.70 Million | $860.60 Million | ▲ +91.1% |
| 1995 | 0.56x | $1.24 Billion | $692.10 Million | ▼ -10.5% |
| 1994 | 0.62x | $957.00 Million | $596.30 Million | ▼ -62.1% |
| 1993 | 1.65x | $819.40 Million | $1.35 Billion | ▲ +20.1% |
| 1992 | 1.37x | $1.14 Billion | $1.56 Billion | ▲ +9.1% |
| 1991 | 1.26x | $1.36 Billion | $1.71 Billion | ▲ +13.9% |
| 1990 | 1.10x | $1.33 Billion | $1.46 Billion | ▼ -51.5% |
| 1989 | 2.27x | $805.80 Million | $1.83 Billion | — |