ConocoPhillips (COP) Financial Statements (2024 and earlier)

Company Profile

Business Address 925 N. ELDRIDGE PARKWAY
HOUSTON, TX 77079
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2911 - Petroleum Refining (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6066,4586,1456,6008,1166,163
Cash and cash equivalents5,6356,4585,0282,9915,0885,915
Short-term investments971 1,1173,6093,028248
Receivables(3)111251163,4014,067
Inventory, net of allowances, customer advances and progress billings1,3981,2191,2081,0021,0261,007
Inventory1,3981,2191,2081,0021,0261,007
Other undisclosed current assets6,32911,0618,5724,3484,3702,037
Total current assets:14,33018,74916,05012,06616,91313,274
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 8251,021   
Operating lease, right-of-use asset 691536   
Property, plant and equipment4,8054,56264,91139,89342,26945,698
Long-term investments and receivables, including:9,1308,2257,1138,1318,9069,664
Due from related parties  114219335
Long-term investments 8,8948,0156,9497,5968,2349,005
Accounts and financing receivable, after allowance for credit loss 143     
Other undisclosed long-term investments and receivables93210164421453324
Other noncurrent assets2,4201,9892,5872,5282,4261,344
Other undisclosed noncurrent assets 63,72358,747    
Total noncurrent assets:81,59475,08074,61150,55253,60156,706
TOTAL ASSETS:95,92493,82990,66162,61870,51469,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,58510,0348,6193,5974,8695,992
Taxes payable2,8623201,0301,320
Employee-related liabilities755608663809
Accounts payable  6,1135,0022,6693,1763,863
Accrued liabilities2,5853,921    
Debt1,0744171,200619105112
Other liabilities1,2292,3462,1791,1212,0451,259
Due to related parties5023292432
Other undisclosed current liabilities5,117     
Total current liabilities:10,00512,84712,0215,3667,0437,395
Noncurrent Liabilities
Long-term debt and lease obligation, including:17,86316,22618,73414,75014,79014,856
Other undisclosed long-term debt and lease obligation17,86316,22618,73414,75014,79014,856
Liabilities, other than long-term debt9,8228,8007,3325,4856,4156,785
Deferred revenue    41 
Deferred tax liabilities, net5,021
Deferred income tax liabilities8,8137,7266,1793,7474,634
Liability, pension and other postretirement and postemployment benefits1,0091,0741,1531,6971,7811,764
Other undisclosed noncurrent liabilities8,9557,9537,1687,1687,2168,880
Total noncurrent liabilities:36,64032,97933,23427,40328,42130,521
Total liabilities:46,64545,82645,25532,76935,46437,916
Equity
Equity, attributable to parent49,27948,00345,40629,84934,98131,939
Common stock212121181818
Treasury stock, value(65,640)(60,189)(50,920)(47,297)(46,405)(42,905)
Additional paid in capital61,30361,14260,58147,13346,98346,879
Accumulated other comprehensive loss(5,673)(6,000)(4,950)(5,218)(5,357)(6,063)
Retained earnings59,26853,02940,67435,21339,74234,010
Equity, attributable to noncontrolling interest     69125
Total equity:49,27948,00345,40629,84935,05032,064
TOTAL LIABILITIES AND EQUITY:95,92493,82990,66162,61870,51469,980

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues56,14178,49448,34919,25636,67038,727
Cost of revenue
(Cost of Goods and Services Sold)
(21,975)(33,971)(18,158)(8,078)(11,842)(14,294)
Gross profit:34,16644,52330,19111,17824,82824,433
Operating expenses(8,170)(6,552)(6,413)(4,774)(5,878)(5,614)
Other operating income, net485504    
Operating income:26,48138,47523,7786,40418,95018,819
Nonoperating income (expense)(94)1471,22572100114
Investment income, nonoperating     16697
Gain (loss), foreign currency transaction, before tax(92)1002272(66)17
Other nonoperating income (expense)(2)471,203   
Interest and debt expense(780)(805)(884)(806)(778)(735)
Income from continuing operations before equity method investments, income taxes:25,60737,81724,1195,67018,27218,198
Income from equity method investments1,7202,0818324327791,074
Other undisclosed loss from continuing operations before income taxes(11,039)(11,670)(12,239)(9,242)(9,527)(9,299)
Income (loss) from continuing operations before income taxes:16,28828,22812,712(3,140)9,5249,973
Income tax expense (benefit)(5,331)(9,548)(4,633)485(2,267)(3,668)
Income (loss) from continuing operations:10,95718,6808,079(2,655)7,2576,305
Income (loss) before gain (loss) on sale of properties:8,079(2,655)7,2576,305
Other undisclosed net income      
Net income (loss):10,95718,6808,079(2,655)7,2576,305
Net loss attributable to noncontrolling interest    (46)(68)(48)
Other undisclosed net loss attributable to parent      
Net income (loss) attributable to parent:10,95718,6808,079(2,701)7,1896,257
Other undisclosed net loss available to common stockholders, basic(35)(60)    
Net income (loss) available to common stockholders, diluted:10,92218,6208,079(2,701)7,1896,257

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):10,95718,6808,079(2,655)7,2576,305
Other comprehensive income (loss)60(1,050)268139746(603)
Comprehensive income (loss):11,01717,6308,347(2,516)8,0035,702
Comprehensive loss, net of tax, attributable to noncontrolling interest    (46)(68)(48)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent267     
Comprehensive income (loss), net of tax, attributable to parent:11,28417,6308,347(2,562)7,9355,654

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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