Hess Corporation (HES) — Cash Flow Reinvestment Rate
Hess Corporation (HES) has a Cash Flow Reinvestment Rate of 1.44x as of March 2025, reinvesting $2.02 Billion (capex $1.01 Billion plus investments $-1.01 Billion) from operating cash flow of $1.40 Billion. See Hess Corporation (HES) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Hess Corporation Cash Flow Reinvestment Rate (1989–2024)
Historical reinvestment intensity for Hess Corporation across 36 annual periods. For the full cash flow conversion analysis, see HES cash generation efficiency.
Annual Cash Flow Reinvestment Rate for Hess Corporation (1989–2024)
Year-by-year capital reinvestment analysis for Hess Corporation. See HES financial flexibility index 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 |
|---|---|---|---|---|---|
| 2024 | 1.76x | $9.88 Billion | $5.60 Billion | $4.95 Billion | ▼ -6.3% |
| 2023 | 1.88x | $7.42 Billion | $3.94 Billion | $4.11 Billion | ▲ +40.6% |
| 2022 | 1.34x | $5.28 Billion | $3.94 Billion | $2.73 Billion | ▲ +25.9% |
| 2021 | 1.06x | $3.07 Billion | $2.89 Billion | $1.75 Billion | ▼ -63.7% |
| 2020 | 2.93x | $3.90 Billion | $1.33 Billion | $2.20 Billion | ▲ +68.0% |
| 2019 | 1.74x | $2.86 Billion | $1.64 Billion | $2.83 Billion | ▲ +56.2% |
| 2018 | 1.12x | $2.16 Billion | $1.94 Billion | $2.10 Billion | ▼ -68.0% |
| 2017 | 3.49x | $3.29 Billion | $945.00 Million | $1.94 Billion | ▼ -36.1% |
| 2016 | 5.46x | $4.34 Billion | $795.00 Million | $2.25 Billion | ▲ +146.5% |
| 2015 | 2.22x | $4.39 Billion | $1.98 Billion | $4.32 Billion | ▲ +87.5% |
| 2014 | 1.18x | $5.27 Billion | $4.46 Billion | $5.27 Billion | ▼ -1.5% |
| 2013 | 1.20x | $5.84 Billion | $4.87 Billion | $5.84 Billion | ▼ -12.9% |
| 2012 | 1.38x | $7.79 Billion | $5.66 Billion | $7.79 Billion | ▼ -2.0% |
| 2011 | 1.41x | $7.01 Billion | $4.98 Billion | $7.01 Billion | ▲ +15.9% |
| 2010 | 1.21x | $5.49 Billion | $4.53 Billion | $5.49 Billion | ▲ +26.6% |
| 2009 | 0.96x | $2.92 Billion | $3.05 Billion | $2.92 Billion | ▼ -1.4% |
| 2008 | 0.97x | $4.44 Billion | $4.57 Billion | $4.44 Billion | ▼ -4.8% |
| 2007 | 1.02x | $3.58 Billion | $3.51 Billion | $3.58 Billion | ▼ -7.3% |
| 2006 | 1.10x | $3.84 Billion | $3.49 Billion | $3.84 Billion | ▼ -13.5% |
| 2005 | 1.27x | $2.34 Billion | $1.84 Billion | $2.34 Billion | ▲ +59.2% |
| 2004 | 0.80x | $1.52 Billion | $1.90 Billion | $1.52 Billion | ▼ -6.9% |
| 2003 | 0.86x | $1.36 Billion | $1.58 Billion | $1.36 Billion | ▲ +10.0% |
| 2002 | 0.78x | $1.53 Billion | $1.97 Billion | $1.53 Billion | ▼ -38.8% |
| 2001 | 1.28x | $2.50 Billion | $1.96 Billion | $2.50 Billion | ▲ +150.7% |
| 2000 | 0.51x | $938.00 Million | $1.84 Billion | $938.00 Million | ▼ -50.8% |
| 1999 | 1.03x | $796.70 Million | $770.00 Million | $796.70 Million | ▼ -62.7% |
| 1998 | 2.77x | $1.44 Billion | $518.80 Million | $1.44 Billion | ▲ +157.6% |
| 1997 | 1.08x | $1.35 Billion | $1.25 Billion | $1.35 Billion | ▲ +1.0% |
| 1996 | 1.07x | $860.60 Million | $807.70 Million | $860.60 Million | ▲ +91.1% |
| 1995 | 0.56x | $692.10 Million | $1.24 Billion | $692.10 Million | ▼ -10.5% |
| 1994 | 0.62x | $596.30 Million | $957.00 Million | $596.30 Million | ▼ -62.1% |
| 1993 | 1.65x | $1.35 Billion | $819.40 Million | $1.35 Billion | ▲ +20.1% |
| 1992 | 1.37x | $1.56 Billion | $1.14 Billion | $1.56 Billion | ▲ +9.1% |
| 1991 | 1.26x | $1.71 Billion | $1.36 Billion | $1.71 Billion | ▲ +13.9% |
| 1990 | 1.10x | $1.46 Billion | $1.33 Billion | $1.46 Billion | ▼ -51.5% |
| 1989 | 2.27x | $1.83 Billion | $805.80 Million | $1.83 Billion | — |