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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6008,1166,1638,1983,6602,3685,062
Cash and cash equivalents2,9915,0885,9156,3253,6102,3685,062
Short-term investments3,6093,0282481,87350  
Receivables1163,4014,0674,3203,4144,5146,807
Inventory, net of allowances, customer advances and progress billings1,0021,0261,0071,0601,0181,1241,331
Inventory1,0021,0261,0071,0601,0181,1241,331
Other undisclosed current assets4,3484,3702,0372,9345177831,868
Total current assets:12,06616,91313,27416,5128,6098,78915,068
Noncurrent Assets
Property, plant and equipment39,89342,26945,69845,68358,33166,44675,444
Long-term investments and receivables, including:8,1318,9069,66410,06021,09120,49024,335
Long-term investments7,5968,2349,0059,12920,46019,97123,891
Accounts and financing receivable, after allowance for credit loss    631519444
Due from related parties114219335461581696804
Other undisclosed long-term investments and receivables421453324470(581)(696)(804)
Other noncurrent assets2,5282,4261,3441,1071,1601,063888
Other undisclosed noncurrent assets    581696804
Total noncurrent assets:50,55253,60156,70656,85081,16388,695101,471
TOTAL ASSETS:62,61870,51469,98073,36289,77297,484116,539
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5974,8695,9925,7724,8046,2819,911
Accounts payable2,6693,1763,8634,0093,6314,8957,982
Employee-related liabilities608663809725689887878
Taxes payable3201,0301,3201,0384844991,051
Debt6191051122,5751,0891,427182
Due to related parties29243221223844
Deferred tax liabilities    8
Other liabilities1,1212,0451,2591,0299941,5101,400
Other undisclosed current liabilities      (8)
Total current liabilities:5,3667,0437,3959,3976,9099,25611,537
Noncurrent Liabilities
Long-term debt and lease obligation, including:14,75014,79014,85617,12826,18623,45322,383
Other undisclosed long-term debt and lease obligation14,75014,79014,85617,12826,18623,45322,383
Liabilities, other than long-term debt5,4856,4156,7857,13611,50113,28518,034
Deferred revenue41 
Deferred tax liabilities, net5,0215,2828,94910,99915,070
Deferred income tax liabilities3,7474,634
Liability, pension and other postretirement and postemployment benefits1,6971,7811,7641,8542,5522,2862,964
Other undisclosed noncurrent liabilities7,1687,2168,8808,9009,95011,40812,312
Total noncurrent liabilities:27,40328,42130,52133,16447,63748,14652,729
Total liabilities:32,76935,46437,91642,56154,54657,40264,266
Stockholders' equity
Stockholders' equity attributable to parent29,84934,98131,93930,60734,97439,76251,911
Common stock18181818181818
Treasury stock, value(47,297)(46,405)(42,905)(39,906)(36,906)(36,780)(36,780)
Additional paid in capital47,13346,98346,87946,62246,50746,35746,071
Accumulated other comprehensive loss(5,218)(5,357)(6,063)(5,518)(6,193)(6,247)(1,902)
Retained earnings35,21339,74234,01029,39131,54836,41444,504
Stockholders' equity attributable to noncontrolling interest 69125194252320362
Total stockholders' equity:29,84935,05032,06430,80135,22640,08252,273
TOTAL LIABILITIES AND EQUITY:62,61870,51469,98073,36289,77297,484116,539

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues19,25636,67038,72732,58424,36030,93555,517
Revenue, net29,10623,69329,56452,524
Cost of revenue(8,078)(11,842)(14,294)(13,533)(23,500)(30,205)(36,581)
Cost of goods and services sold(8,078)(11,842)(14,294)(13,533)(9,994)(12,426)(23,459)
Gross profit:11,17824,82824,43319,05186073018,936
Operating expenses(4,774)(5,878)(5,614)(5,734)(6,390)(7,969)(9,546)
Operating income (loss):6,40418,95018,81913,317(5,530)(7,239)9,390
Nonoperating income72100114771975515
Investment income, nonoperating 16697112  83
Foreign currency transaction gain (loss), before tax72(66)17(35)197566
Other nonoperating income      366
Interest and debt expense(806)(778)(735)(1,098)(1,245)(920)(648)
Income (loss) from continuing operations before equity method investments, income taxes:5,67018,27218,19812,296(6,756)(8,084)9,257
Income from equity method investments4327791,074772  2,529
Other undisclosed loss from continuing operations before income taxes(9,242)(9,527)(9,299)(15,683)   
Income (loss) from continuing operations before income taxes:(3,140)9,5249,973(2,615)(6,756)(8,084)11,786
Income tax expense (benefit)485(2,267)(3,668)1,8221,9712,868(3,583)
Other undisclosed income (loss) from continuing operations    1,226845(2,396)
Income (loss) from continuing operations:(2,655)7,2576,305(793)(3,559)(4,371)5,807
Income from discontinued operations      1,131
Net income (loss):(2,655)7,2576,305(793)(3,559)(4,371)6,938
Net loss attributable to noncontrolling interest(46)(68)(48)(62)(56)(57)(69)
Net income (loss) available to common stockholders, diluted:(2,701)7,1896,257(855)(3,615)(4,428)6,869

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(2,655)7,2576,305(793)(3,559)(4,371)6,938
Other comprehensive income (loss)139746(603)67554(4,345)(3,904)
Comprehensive income (loss):(2,516)8,0035,702(118)(3,505)(8,716)3,034
Comprehensive loss, net of tax, attributable to noncontrolling interest(46)(68)(48)(62)(56)(57)(69)
Comprehensive income (loss), net of tax, attributable to parent:(2,562)7,9355,654(180)(3,561)(8,773)2,965

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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