ConocoPhillips (COP) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6003,2993,8784,3288,1169,1446,673
Cash and cash equivalents2,9912,4902,9073,9085,0887,1935,941
Short-term investments3,6098099714203,0281,951732
Receivables1161311,5322,2643,4013,6163,651
Inventory, net of allowances, customer advances and progress billings1,0021,0349827261,0269551,089
Inventory1,0021,0349827261,0269551,089
Other undisclosed current assets4,3486,5954,6615,8264,3701,5024,387
Total current assets:12,06611,05911,05313,14416,91315,21715,800
Noncurrent Assets
Property, plant and equipment39,89341,26941,12040,64542,26943,81444,334
Long-term investments and receivables, including:8,1318,4098,5018,8748,9069,1359,016
Long-term investments7,596   8,234  
Accounts and financing receivable, after allowance for credit loss 8,2958,3348,707 8,9168,748
Due from related parties114114167167219219268
Other undisclosed long-term investments and receivables421   453  
Other noncurrent assets2,5282,4202,3722,3702,4262,1742,111
Total noncurrent assets:50,55252,09851,99351,88953,60155,12355,461
TOTAL ASSETS:62,61863,15763,04665,03370,51470,34071,261
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5973,0252,7944,0764,8694,7685,360
Accounts payable2,6692,2172,0602,9003,1763,1483,618
Employee-related liabilities608469422323663543529
Taxes payable3203393128531,0301,0771,213
Debt619482146126105121114
Due to related parties29222021242317
Other liabilities1,1211,1111,1451,8522,0451,0303,505
Total current liabilities:5,3664,6404,1056,0757,0435,9428,996
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,75014,90514,85214,84714,79014,79914,809
Other undisclosed long-term debt and lease obligation14,75014,90514,85214,84714,79014,79914,809
Liabilities, other than long-term debt5,4855,5155,4875,7046,4151,7866,514
Deferred revenue41      
Deferred tax liabilities, net4,825
Deferred income tax liabilities3,7473,8543,9014,1414,634  
Liability, pension and other postretirement and postemployment benefits1,6971,6611,5861,5631,7811,7861,689
Other undisclosed noncurrent liabilities7,1687,3147,1097,0207,21612,5747,868
Total noncurrent liabilities:27,40327,73427,44827,57128,42129,15929,191
Total liabilities:32,76932,37431,55333,64635,46435,10138,187
Stockholders' equity
Stockholders' equity attributable to parent29,84930,78331,49331,31534,98135,14632,976
Common stock18181818181818
Treasury stock, value(47,297)(47,130)(47,130)(47,130)(46,405)(45,656)(44,906)
Additional paid in capital47,13347,11347,07947,02746,98346,95446,922
Accumulated other comprehensive loss(5,218)(5,666)(5,825)(6,145)(5,357)(5,654)(5,827)
Retained earnings35,21336,44837,35137,54539,74239,48436,769
Stockholders' equity attributable to noncontrolling interest   72699398
Total stockholders' equity:29,84930,78331,49331,38735,05035,23933,074
TOTAL LIABILITIES AND EQUITY:62,61863,15763,04665,03370,51470,34071,261

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues6,0494,3804,0164,8118,14010,0938,380
Cost of revenue
(Cost of Goods and Services Sold)
(2,448)(1,839)(1,130)(2,661)(2,783)(2,710)(2,674)
Gross profit:3,6012,5412,8862,1505,3577,3835,706
Operating expenses(1,342)(1,059)(1,203)(1,170)(1,489)(1,418)(1,547)
Operating income:2,2591,4821,6839803,8685,9654,159
Nonoperating income (expense)(16)5(7)9011921(28)
Investment income, nonoperating    166  
Foreign currency transaction gain (loss), before tax(16)5(7)90(47)21(28)
Interest and debt expense(202)(200)(202)(202)(196)(184)(165)
Income from continuing operations before equity method investments, income taxes:2,0411,2871,4748683,7915,8023,966
Income from equity method investments432   779  
Other undisclosed loss from continuing operations before income taxes(3,559)(1,799)(1,453)(2,431)(3,284)(2,309)(1,908)
Income (loss) from continuing operations before income taxes:(1,086)(512)21(1,563)1,2863,4932,058
Income tax expense (benefit)31462257(148)(543)(422)(461)
Net income (loss):(772)(450)278(1,711)7433,0711,597
Net loss attributable to noncontrolling interest  (18)(28)(23)(15)(17)
Net income (loss) available to common stockholders, diluted:(772)(450)260(1,739)7203,0561,580

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(772)(450)278(1,711)7433,0711,597
Other comprehensive income (loss)448159320(788)29717387
Comprehensive income (loss):(324)(291)598(2,499)1,0403,2441,684
Comprehensive loss, net of tax, attributable to noncontrolling interest  (18)(28)(23)(15)(17)
Comprehensive income (loss), net of tax, attributable to parent:(324)(291)580(2,527)1,0173,2291,667

Statements sources

The financial statements are based on the company's filings with the 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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