Chevron Corp (CVX) — Cash Flow Reinvestment Rate
Latest as of March 2026:
1.62x
Chevron Corp (CVX) has a Cash Flow Reinvestment Rate of 1.62x as of March 2026, reinvesting $4.06 Billion (capex $4.06 Billion ) from operating cash flow of $2.51 Billion. See CVX cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
1.62x
(Capex + Investments) / Operating CF
Total Reinvested
$4.06 Billion
Capex + Investments
Operating Cash Flow
$2.51 Billion
USD
Capital Expenditures
$4.06 Billion
USD
Chevron Corp Cash Flow Reinvestment Rate (1992–2025)
Historical reinvestment intensity for Chevron Corp across 34 annual periods. For the full cash flow conversion analysis, see Chevron Corp (CVX) cash flow conversion.
Annual Cash Flow Reinvestment Rate for Chevron Corp (1992–2025)
Year-by-year capital reinvestment analysis for Chevron Corp. See CVX financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.51x | $17.35 Billion | $33.94 Billion | $17.35 Billion | ▼ -36.6% |
| 2024 | 0.81x | $25.38 Billion | $31.49 Billion | $16.45 Billion | ▼ -7.6% |
| 2023 | 0.87x | $31.06 Billion | $35.61 Billion | $15.83 Billion | ▲ +79.5% |
| 2022 | 0.49x | $24.10 Billion | $49.60 Billion | $12.00 Billion | ▲ +1.3% |
| 2021 | 0.48x | $14.00 Billion | $29.20 Billion | $8.10 Billion | ▼ -50.6% |
| 2020 | 0.97x | $10.28 Billion | $10.60 Billion | $8.90 Billion | ▲ +72.6% |
| 2019 | 0.56x | $15.34 Billion | $27.30 Billion | $14.10 Billion | ▲ +24.2% |
| 2018 | 0.45x | $13.86 Billion | $30.62 Billion | $13.80 Billion | ▼ -31.5% |
| 2017 | 0.66x | $13.45 Billion | $20.34 Billion | $13.40 Billion | ▼ -56.7% |
| 2016 | 1.53x | $19.63 Billion | $12.85 Billion | $18.11 Billion | ▲ +0.6% |
| 2015 | 1.52x | $29.55 Billion | $19.46 Billion | $29.50 Billion | ▲ +34.2% |
| 2014 | 1.13x | $35.62 Billion | $31.48 Billion | $35.41 Billion | ▲ +2.8% |
| 2013 | 1.10x | $38.52 Billion | $35.00 Billion | $37.98 Billion | ▲ +37.5% |
| 2012 | 0.80x | $31.05 Billion | $38.81 Billion | $30.94 Billion | ▲ +24.0% |
| 2011 | 0.65x | $26.51 Billion | $41.10 Billion | $26.50 Billion | ▲ +0.9% |
| 2010 | 0.64x | $20.05 Billion | $31.36 Billion | $19.61 Billion | ▼ -39.7% |
| 2009 | 1.06x | $20.55 Billion | $19.37 Billion | $19.84 Billion | ▲ +59.8% |
| 2008 | 0.66x | $19.67 Billion | $29.63 Billion | $19.67 Billion | ▼ -0.6% |
| 2007 | 0.67x | $16.68 Billion | $24.98 Billion | $16.68 Billion | ▲ +17.6% |
| 2006 | 0.57x | $13.81 Billion | $24.32 Billion | $13.81 Billion | ▲ +31.2% |
| 2005 | 0.43x | $8.70 Billion | $20.11 Billion | $8.70 Billion | ▲ +0.8% |
| 2004 | 0.43x | $6.31 Billion | $14.69 Billion | $6.31 Billion | ▼ -6.0% |
| 2003 | 0.46x | $5.62 Billion | $12.31 Billion | $5.62 Billion | ▼ -40.2% |
| 2002 | 0.76x | $7.60 Billion | $9.94 Billion | $7.60 Billion | ▼ -9.9% |
| 2001 | 0.85x | $9.71 Billion | $11.46 Billion | $9.71 Billion | ▲ +49.7% |
| 2000 | 0.57x | $7.63 Billion | $13.47 Billion | $7.63 Billion | ▼ -44.2% |
| 1999 | 1.02x | $7.89 Billion | $7.77 Billion | $7.89 Billion | ▼ -2.3% |
| 1998 | 1.04x | $3.88 Billion | $3.73 Billion | $3.88 Billion | ▲ +22.2% |
| 1997 | 0.85x | $3.90 Billion | $4.58 Billion | $3.90 Billion | ▲ +44.0% |
| 1996 | 0.59x | $3.42 Billion | $5.80 Billion | $3.42 Billion | ▼ -31.8% |
| 1995 | 0.87x | $3.53 Billion | $4.08 Billion | $3.53 Billion | ▼ -26.3% |
| 1994 | 1.18x | $3.40 Billion | $2.90 Billion | $3.40 Billion | ▲ +49.3% |
| 1993 | 0.79x | $3.32 Billion | $4.22 Billion | $3.32 Billion | ▼ -8.1% |
| 1992 | 0.86x | $3.35 Billion | $3.91 Billion | $3.35 Billion | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow