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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,4586,1456,6008,1166,1638,198
Cash and cash equivalents6,4585,0282,9915,0885,9156,325
Short-term investments 1,1173,6093,0282481,873
Receivables111251163,4014,0674,320
Inventory, net of allowances, customer advances and progress billings1,2191,2081,0021,0261,0071,060
Inventory1,2191,2081,0021,0261,0071,060
Other undisclosed current assets11,0618,5724,3484,3702,0372,934
Total current assets:18,74916,05012,06616,91313,27416,512
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,021   
Operating lease, right-of-use asset 536   
Property, plant and equipment4,56264,91139,89342,26945,69845,683
Long-term investments and receivables, including:8,2257,1138,1318,9069,66410,060
Due from related parties  114219335461
Long-term investments 8,0156,9497,5968,2349,0059,129
Other undisclosed long-term investments and receivables210164421453324470
Other noncurrent assets1,9892,5872,5282,4261,3441,107
Other undisclosed noncurrent assets 58,747     
Total noncurrent assets:75,08074,61150,55253,60156,70656,850
TOTAL ASSETS:93,82990,66162,61870,51469,98073,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,0348,6193,5974,8695,9925,772
Taxes payable2,8623201,0301,3201,038
Employee-related liabilities755608663809725
Accounts payable 6,1135,0022,6693,1763,8634,009
Accrued liabilities3,921     
Debt4171,2006191051122,575
Due to related parties502329243221
Other liabilities2,3462,1791,1212,0451,2591,029
Other undisclosed current liabilities      
Total current liabilities:12,84712,0215,3667,0437,3959,397
Noncurrent Liabilities
Long-term debt and lease obligation, including:16,22618,73414,75014,79014,85617,128
Other undisclosed long-term debt and lease obligation16,22618,73414,75014,79014,85617,128
Liabilities, other than long-term debt8,8007,3325,4856,4156,7857,136
Deferred revenue   41 
Deferred tax liabilities, net5,0215,282
Deferred income tax liabilities7,7266,1793,7474,634
Liability, pension and other postretirement and postemployment benefits1,0741,1531,6971,7811,7641,854
Other undisclosed noncurrent liabilities7,9537,1687,1687,2168,8808,900
Total noncurrent liabilities:32,97933,23427,40328,42130,52133,164
Total liabilities:45,82645,25532,76935,46437,91642,561
Equity
Equity, attributable to parent48,00345,40629,84934,98131,93930,607
Common stock212118181818
Treasury stock, value(60,189)(50,920)(47,297)(46,405)(42,905)(39,906)
Additional paid in capital61,14260,58147,13346,98346,87946,622
Accumulated other comprehensive loss(6,000)(4,950)(5,218)(5,357)(6,063)(5,518)
Retained earnings53,02940,67435,21339,74234,01029,391
Equity, attributable to noncontrolling interest    69125194
Total equity:48,00345,40629,84935,05032,06430,801
TOTAL LIABILITIES AND EQUITY:93,82990,66162,61870,51469,98073,362

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues78,49448,34919,25636,67038,72732,584
Revenue, net29,106
Cost of revenue
(Cost of Goods and Services Sold)
(33,971)(18,158)(8,078)(11,842)(14,294)(13,533)
Gross profit:44,52330,19111,17824,82824,43319,051
Operating expenses(6,552)(6,413)(4,774)(5,878)(5,614)(5,734)
Other operating income, net504     
Operating income:38,47523,7786,40418,95018,81913,317
Nonoperating income (expense)1471,2257210011477
Investment income, nonoperating   16697112
Gain (loss), foreign currency transaction, before tax1002272(66)17(35)
Other nonoperating income (expense)471,203    
Interest and debt expense(805)(884)(806)(778)(735)(1,098)
Income from continuing operations before equity method investments, income taxes:37,81724,1195,67018,27218,19812,296
Income from equity method investments2,0818324327791,074772
Other undisclosed loss from continuing operations before income taxes(11,670)(12,239)(9,242)(9,527)(9,299)(15,683)
Income (loss) from continuing operations before income taxes:28,22812,712(3,140)9,5249,973(2,615)
Income tax expense (benefit)(9,548)(4,633)485(2,267)(3,668)1,822
Income (loss) from continuing operations:18,6808,079(2,655)7,2576,305(793)
Income (loss) before gain (loss) on sale of properties:8,079(2,655)7,2576,305(793)
Other undisclosed net income      
Net income (loss):18,6808,079(2,655)7,2576,305(793)
Net loss attributable to noncontrolling interest   (46)(68)(48)(62)
Other undisclosed net loss attributable to parent      
Net income (loss) attributable to parent:18,6808,079(2,701)7,1896,257(855)
Other undisclosed net loss available to common stockholders, basic(60)     
Net income (loss) available to common stockholders, diluted:18,6208,079(2,701)7,1896,257(855)

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):18,6808,079(2,655)7,2576,305(793)
Other comprehensive income (loss)(1,050)268139746(603)675
Comprehensive income (loss):17,6308,347(2,516)8,0035,702(118)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (46)(68)(48)(62)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:17,6308,347(2,562)7,9355,654(180)

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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