Chevron Corp (CVX) — Free Cash Flow Generation Index
Chevron Corp (CVX) has a Free Cash Flow Generation Index of -0.62x as of March 2026. Free cash flow of $-1.55 Billion represents -1% of operating cash flow ($2.51 Billion). Explore Chevron Corp capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Chevron Corp Free Cash Flow Generation Index (1992–2025)
Historical FCF Generation Index trend for Chevron Corp across 34 annual periods. For the full cash flow conversion analysis, see Chevron Corp operating cash flow efficiency.
Annual Free Cash Flow Generation for Chevron Corp (1992–2025)
Year-by-year Free Cash Flow Generation Index for Chevron Corp. Check Chevron Corp investment reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.49x | $16.59 Billion | $33.94 Billion | $17.35 Billion | ▲ +2.3% |
| 2024 | 0.48x | $15.04 Billion | $31.49 Billion | $16.45 Billion | ▼ -14.0% |
| 2023 | 0.56x | $19.78 Billion | $35.61 Billion | $15.83 Billion | ▼ -26.7% |
| 2022 | 0.76x | $37.60 Billion | $49.60 Billion | $12.00 Billion | ▲ +4.9% |
| 2021 | 0.72x | $21.10 Billion | $29.20 Billion | $8.10 Billion | ▲ +350.6% |
| 2020 | 0.16x | $1.70 Billion | $10.60 Billion | $8.90 Billion | ▼ -66.8% |
| 2019 | 0.48x | $13.20 Billion | $27.30 Billion | $14.10 Billion | ▼ -11.9% |
| 2018 | 0.55x | $16.80 Billion | $30.62 Billion | $13.80 Billion | ▲ +56.9% |
| 2017 | 0.35x | $7.11 Billion | $20.34 Billion | $13.40 Billion | ▲ +185.3% |
| 2016 | -0.41x | $-5.26 Billion | $12.85 Billion | $18.11 Billion | ▲ +20.7% |
| 2015 | -0.52x | $-10.05 Billion | $19.46 Billion | $29.50 Billion | ▼ -313.4% |
| 2014 | -0.12x | $-3.93 Billion | $31.48 Billion | $35.41 Billion | ▼ -46.6% |
| 2013 | -0.09x | $-2.98 Billion | $35.00 Billion | $37.98 Billion | ▼ -142.0% |
| 2012 | 0.20x | $7.87 Billion | $38.81 Billion | $30.94 Billion | ▼ -42.9% |
| 2011 | 0.36x | $14.60 Billion | $41.10 Billion | $26.50 Billion | ▼ -5.2% |
| 2010 | 0.37x | $11.75 Billion | $31.36 Billion | $19.61 Billion | ▲ +1644.1% |
| 2009 | -0.02x | $-470.00 Million | $19.37 Billion | $19.84 Billion | ▼ -107.2% |
| 2008 | 0.34x | $9.97 Billion | $29.63 Billion | $19.67 Billion | ▲ +1.2% |
| 2007 | 0.33x | $8.30 Billion | $24.98 Billion | $16.68 Billion | ▼ -23.1% |
| 2006 | 0.43x | $10.51 Billion | $24.32 Billion | $13.81 Billion | ▼ -23.8% |
| 2005 | 0.57x | $11.40 Billion | $20.11 Billion | $8.70 Billion | ▼ -0.6% |
| 2004 | 0.57x | $8.38 Billion | $14.69 Billion | $6.31 Billion | ▲ +5.0% |
| 2003 | 0.54x | $6.69 Billion | $12.31 Billion | $5.62 Billion | ▲ +130.4% |
| 2002 | 0.24x | $2.34 Billion | $9.94 Billion | $7.60 Billion | ▲ +54.9% |
| 2001 | 0.15x | $1.74 Billion | $11.46 Billion | $9.71 Billion | ▼ -64.9% |
| 2000 | 0.43x | $5.84 Billion | $13.47 Billion | $7.63 Billion | ▲ +2816.7% |
| 1999 | -0.02x | $-124.00 Million | $7.77 Billion | $7.89 Billion | ▲ +60.0% |
| 1998 | -0.04x | $-149.00 Million | $3.73 Billion | $3.88 Billion | ▼ -126.8% |
| 1997 | 0.15x | $684.00 Million | $4.58 Billion | $3.90 Billion | ▼ -63.5% |
| 1996 | 0.41x | $2.37 Billion | $5.80 Billion | $3.42 Billion | ▲ +205.5% |
| 1995 | 0.13x | $546.00 Million | $4.08 Billion | $3.53 Billion | ▲ +176.2% |
| 1994 | -0.18x | $-509.00 Million | $2.90 Billion | $3.40 Billion | ▼ -182.6% |
| 1993 | 0.21x | $898.00 Million | $4.22 Billion | $3.32 Billion | ▲ +48.2% |
| 1992 | 0.14x | $562.00 Million | $3.91 Billion | $3.35 Billion | — |