Chevron Corp (CVX) — Financial Flexibility Index
Chevron Corp (CVX) has a Financial Flexibility Index of 0.05x as of March 2026. Free cash flow of $6.58 Billion (operating CF $2.51 Billion minus capex $4.06 Billion) represents 0% of total liabilities ($140.18 Billion). Check CVX capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Chevron Corp Financial Flexibility Index (1993–2025)
Historical Financial Flexibility Index trend for Chevron Corp across 33 annual periods. For the full cash flow conversion analysis, see Chevron Corp (CVX) cash flow conversion.
Annual Financial Flexibility Index for Chevron Corp (1993–2025)
Year-by-year free cash flow to debt coverage for Chevron Corp. Explore cash flow to debt ratio of Chevron Corp to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.39x | $51.29 Billion | $33.94 Billion | $131.84 Billion | ▼ -15.8% |
| 2024 | 0.46x | $47.94 Billion | $31.49 Billion | $103.78 Billion | ▼ -10.5% |
| 2023 | 0.52x | $51.44 Billion | $35.61 Billion | $99.70 Billion | ▼ -18.4% |
| 2022 | 0.63x | $61.60 Billion | $49.60 Billion | $97.47 Billion | ▲ +68.8% |
| 2021 | 0.37x | $37.30 Billion | $29.20 Billion | $99.59 Billion | ▲ +105.6% |
| 2020 | 0.18x | $19.50 Billion | $10.60 Billion | $107.06 Billion | ▼ -59.4% |
| 2019 | 0.45x | $41.40 Billion | $27.30 Billion | $92.22 Billion | ▼ -0.7% |
| 2018 | 0.45x | $44.42 Billion | $30.62 Billion | $98.22 Billion | ▲ +40.0% |
| 2017 | 0.32x | $33.74 Billion | $20.34 Billion | $104.49 Billion | ▲ +18.3% |
| 2016 | 0.27x | $30.95 Billion | $12.85 Billion | $113.36 Billion | ▼ -38.3% |
| 2015 | 0.44x | $48.96 Billion | $19.46 Billion | $110.65 Billion | ▼ -27.3% |
| 2014 | 0.61x | $66.88 Billion | $31.48 Billion | $109.83 Billion | ▼ -13.8% |
| 2013 | 0.71x | $72.99 Billion | $35.00 Billion | $103.33 Billion | ▼ -3.6% |
| 2012 | 0.73x | $69.75 Billion | $38.81 Billion | $95.15 Billion | ▼ -5.3% |
| 2011 | 0.77x | $67.60 Billion | $41.10 Billion | $87.29 Billion | ▲ +20.0% |
| 2010 | 0.65x | $50.97 Billion | $31.36 Billion | $78.96 Billion | ▲ +18.6% |
| 2009 | 0.54x | $39.22 Billion | $19.37 Billion | $72.06 Billion | ▼ -18.3% |
| 2008 | 0.67x | $49.30 Billion | $29.63 Billion | $74.05 Billion | ▲ +14.3% |
| 2007 | 0.58x | $41.66 Billion | $24.98 Billion | $71.49 Billion | ▼ -3.0% |
| 2006 | 0.60x | $38.14 Billion | $24.32 Billion | $63.48 Billion | ▲ +31.3% |
| 2005 | 0.46x | $28.81 Billion | $20.11 Billion | $62.96 Billion | ▲ +4.2% |
| 2004 | 0.44x | $21.00 Billion | $14.69 Billion | $47.81 Billion | ▲ +10.0% |
| 2003 | 0.40x | $17.94 Billion | $12.31 Billion | $44.91 Billion | ▲ +3.5% |
| 2002 | 0.39x | $17.54 Billion | $9.94 Billion | $45.45 Billion | ▼ -21.0% |
| 2001 | 0.49x | $21.17 Billion | $11.46 Billion | $43.33 Billion | ▲ +0.8% |
| 2000 | 0.48x | $21.10 Billion | $13.47 Billion | $43.51 Billion | ▲ +38.8% |
| 1999 | 0.35x | $15.67 Billion | $7.77 Billion | $44.86 Billion | ▼ -10.5% |
| 1998 | 0.39x | $7.61 Billion | $3.73 Billion | $19.51 Billion | ▼ -17.2% |
| 1997 | 0.47x | $8.48 Billion | $4.58 Billion | $18.00 Billion | ▼ -1.7% |
| 1996 | 0.48x | $9.22 Billion | $5.80 Billion | $19.23 Billion | ▲ +26.0% |
| 1995 | 0.38x | $7.60 Billion | $4.08 Billion | $19.98 Billion | ▲ +19.7% |
| 1994 | 0.32x | $6.30 Billion | $2.90 Billion | $19.81 Billion | ▼ -12.6% |
| 1993 | 0.36x | $7.54 Billion | $4.22 Billion | $20.74 Billion | — |