Hess Corporation Capital Reinvestment Ratio
Hess Corporation 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). See HES cash flow after capex ratio 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 Hess Corporation (1989–2024)
Capital reinvestment ratio of Hess Corporation from 1989 to 2024. This chart tracks Hess Corporation's Capital Reinvestment Ratio across 36 annual periods. See Hess Corporation leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
Hess Corporation Capital Reinvestment Ratio by Year (1989–2024)
Hess Corporation capital reinvestment ratio by year from 1989 to 2024. For the full cash flow conversion analysis, see HES cash flow conversion.
| 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 | — |