ConocoPhillips (COP) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,1456,6008,1166,1638,1983,6602,368
Cash and cash equivalents5,0282,9915,0885,9156,3253,6102,368
Short-term investments1,1173,6093,0282481,87350 
Receivables1251163,4014,0674,3203,4144,514
Inventory, net of allowances, customer advances and progress billings1,2081,0021,0261,0071,0601,0181,124
Inventory1,2081,0021,0261,0071,0601,0181,124
Other undisclosed current assets8,5724,3484,3702,0372,934517783
Total current assets:16,05012,06616,91313,27416,5128,6098,789
Noncurrent Assets
Property, plant and equipment64,91139,89342,26945,69845,68358,33166,446
Long-term investments and receivables, including:7,1138,1318,9069,66410,06021,09120,490
Long-term investments6,9497,5968,2349,0059,12920,46019,971
Accounts and financing receivable, after allowance for credit loss     631519
Due from related parties 114219335461581696
Other undisclosed long-term investments and receivables164421453324470(581)(696)
Other noncurrent assets2,5872,5282,4261,3441,1071,1601,063
Other undisclosed noncurrent assets     581696
Total noncurrent assets:74,61150,55253,60156,70656,85081,16388,695
TOTAL ASSETS:90,66162,61870,51469,98073,36289,77297,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,6193,5974,8695,9925,7724,8046,281
Accounts payable5,0022,6693,1763,8634,0093,6314,895
Employee-related liabilities755608663809725689887
Taxes payable2,8623201,0301,3201,038484499
Debt1,2006191051122,5751,0891,427
Due to related parties23292432212238
Other liabilities2,1791,1212,0451,2591,0299941,510
Total current liabilities:12,0215,3667,0437,3959,3976,9099,256
Noncurrent Liabilities
Long-term debt and lease obligation, including:18,73414,75014,79014,85617,12826,18623,453
Other undisclosed long-term debt and lease obligation18,73414,75014,79014,85617,12826,18623,453
Liabilities, other than long-term debt7,3325,4856,4156,7857,13611,50113,285
Deferred revenue 41 
Deferred tax liabilities, net5,0215,2828,94910,999
Deferred income tax liabilities6,1793,7474,634
Liability, pension and other postretirement and postemployment benefits1,1531,6971,7811,7641,8542,5522,286
Other undisclosed noncurrent liabilities7,1687,1687,2168,8808,9009,95011,408
Total noncurrent liabilities:33,23427,40328,42130,52133,16447,63748,146
Total liabilities:45,25532,76935,46437,91642,56154,54657,402
Stockholders' equity
Stockholders' equity attributable to parent45,40629,84934,98131,93930,60734,97439,762
Common stock21181818181818
Treasury stock, value(50,920)(47,297)(46,405)(42,905)(39,906)(36,906)(36,780)
Additional paid in capital60,58147,13346,98346,87946,62246,50746,357
Accumulated other comprehensive loss(4,950)(5,218)(5,357)(6,063)(5,518)(6,193)(6,247)
Retained earnings40,67435,21339,74234,01029,39131,54836,414
Stockholders' equity attributable to noncontrolling interest  69125194252320
Total stockholders' equity:45,40629,84935,05032,06430,80135,22640,082
TOTAL LIABILITIES AND EQUITY:90,66162,61870,51469,98073,36289,77297,484

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues48,34919,25636,67038,72732,58424,36030,935
Revenue, net29,10623,69329,564
Cost of revenue(18,158)(8,078)(11,842)(14,294)(13,533)(23,500)(30,205)
Cost of goods and services sold(18,158)(8,078)(11,842)(14,294)(13,533)(9,994)(12,426)
Gross profit:30,19111,17824,82824,43319,051860730
Operating expenses(6,413)(4,774)(5,878)(5,614)(5,734)(6,390)(7,969)
Operating income (loss):23,7786,40418,95018,81913,317(5,530)(7,239)
Nonoperating income1,22572100114771975
Investment income, nonoperating  16697112  
Foreign currency transaction gain (loss), before tax2272(66)17(35)1975
Other nonoperating income1,203      
Interest and debt expense(884)(806)(778)(735)(1,098)(1,245)(920)
Income (loss) from continuing operations before equity method investments, income taxes:24,1195,67018,27218,19812,296(6,756)(8,084)
Income from equity method investments8324327791,074772  
Other undisclosed loss from continuing operations before income taxes(12,239)(9,242)(9,527)(9,299)(15,683)  
Income (loss) from continuing operations before income taxes:12,712(3,140)9,5249,973(2,615)(6,756)(8,084)
Income tax expense (benefit)(4,633)485(2,267)(3,668)1,8221,9712,868
Other undisclosed income from continuing operations     1,226845
Net income (loss):8,079(2,655)7,2576,305(793)(3,559)(4,371)
Net loss attributable to noncontrolling interest (46)(68)(48)(62)(56)(57)
Net income (loss) available to common stockholders, diluted:8,079(2,701)7,1896,257(855)(3,615)(4,428)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):8,079(2,655)7,2576,305(793)(3,559)(4,371)
Other comprehensive income (loss)268139746(603)67554(4,345)
Comprehensive income (loss):8,347(2,516)8,0035,702(118)(3,505)(8,716)
Comprehensive loss, net of tax, attributable to noncontrolling interest (46)(68)(48)(62)(56)(57)
Comprehensive income (loss), net of tax, attributable to parent:8,347(2,562)7,9355,654(180)(3,561)(8,773)

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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