NYSE : COP
ConocoPhillips — Financial statements
Energy · Oil & Gas Exploration & Production · United States
Last price 150.03 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 180.24B
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Financial statements
ConocoPhillips (COP) reported revenue of 64.46B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 63.34B | 58.94B | 54.74B | 56.14B | 78.49B | 45.83B |
| Other Revenue | 1.11B | 1.33B | 1.71B | 1.72B | 2.08B | 832.00M |
| Revenue | 64.46B | 60.28B | 56.45B | 57.86B | 80.58B | 46.66B |
| Cost of Revenue | 33.79B | 32.44B | 28.76B | 29.67B | 40.98B | 23.72B |
| Gross Profit | 30.67B | 27.84B | 27.69B | 28.19B | 39.60B | 22.94B |
| Selling, General & Admin | 769.00M | 828.00M | 615.00M | 732.00M | 588.00M | 503.00M |
| Other Operating Expenses | 2.82B | 2.53B | 2.42B | 2.36B | 3.62B | 1.85B |
| Operating Expenses | 15.79B | 15.27B | 12.98B | 11.76B | 12.28B | 9.88B |
| Operating Income | 14.88B | 12.57B | 14.70B | 16.43B | 27.32B | 13.06B |
| Interest Expense | -798.00M | -855.00M | -783.00M | -780.00M | -805.00M | -884.00M |
| Interest & Investment Income | 311.00M | 311.00M | 402.00M | 412.00M | 195.00M | 33.00M |
| Currency Exchange Gain (Loss) | 41.00M | -11.00M | 50.00M | -92.00M | 100.00M | 22.00M |
| Other Non Operating Income (Expenses) | 169.00M | 227.00M | 47.00M | 110.00M | 112.00M | 120.00M |
| EBT Excluding Unusual Items | 14.60B | 12.24B | 14.42B | 16.08B | 26.93B | 12.35B |
| Merger & Restructuring Charges | -286.00M | -286.00M | -545.00M | -385.00M | ||
| Gain (Loss) on Sale of Investments | 251.00M | 1.04B | ||||
| Gain (Loss) on Sale of Assets | 354.00M | 731.00M | 51.00M | 228.00M | 1.08B | 486.00M |
| Asset Writedown | -45.00M | -26.00M | -80.00M | -14.00M | 12.00M | -674.00M |
| Other Unusual Items | -5.00M | -5.00M | -172.00M | -6.00M | -37.00M | -102.00M |
| Pretax Income | 14.62B | 12.66B | 13.67B | 16.29B | 28.23B | 12.71B |
| Income Tax Expense | 5.34B | 4.67B | 4.43B | 5.33B | 9.55B | 4.63B |
| Earnings From Continuing Operations | 9.28B | 7.99B | 9.24B | 10.96B | 18.68B | 8.08B |
| Net Income | 9.28B | 7.99B | 9.24B | 10.96B | 18.68B | 8.08B |
| Preferred Dividends & Other Adjustments | 29.00M | 27.00M | 27.00M | 35.00M | 60.00M | 19.00M |
| Net Income to Common | 9.25B | 7.96B | 9.22B | 10.92B | 18.62B | 8.06B |
| Shares Outstanding (Basic) | 1.23B | 1.25B | 1.18B | 1.20B | 1.27B | 1.32B |
| Shares Outstanding (Diluted) | 1.23B | 1.25B | 1.18B | 1.21B | 1.28B | 1.33B |
| EPS (Basic) | 7.53 | 6.36 | 7.82 | 9.08 | 14.62 | 6.09 |
| EPS (Diluted) | 7.53 | 6.35 | 7.81 | 9.06 | 14.57 | 6.07 |
| Free Cash Flow | 10.06B | 7.24B | 8.01B | 8.72B | 18.16B | 11.67B |
| Free Cash Flow Per Share | 8.18 | 5.78 | 6.78 | 7.23 | 14.20 | 8.79 |
| Dividend Per Share | 3.30 | 3.18 | 3.12 | 4.61 | 4.49 | 1.75 |
| Gross Margin | 47.57% | 46.18% | 49.05% | 48.73% | 49.14% | 49.16% |
| Operating Margin | 23.08% | 20.85% | 26.04% | 28.40% | 33.91% | 27.98% |
| Profit Margin | 14.36% | 13.21% | 16.33% | 18.88% | 23.11% | 17.27% |
| Free Cash Flow Margin | 15.61% | 12.02% | 14.18% | 15.07% | 22.53% | 25.01% |
| EBITDA | 26.78B | 24.16B | 24.31B | 24.75B | 34.92B | 20.27B |
| EBITDA Margin | 41.55% | 40.08% | 43.06% | 42.78% | 43.33% | 43.45% |
| D&A For EBITDA | 11.90B | 11.59B | 9.61B | 8.32B | 7.59B | 7.22B |
| EBIT | 14.88B | 12.57B | 14.70B | 16.43B | 27.32B | 13.06B |
| EBIT Margin | 23.08% | 20.85% | 26.04% | 28.40% | 33.91% | 27.98% |
| Effective Tax Rate | 36.50% | 36.88% | 32.38% | 32.73% | 33.83% | 36.45% |
| Revenue as Reported | 65.28B | 61.55B | 56.95B | 58.57B | 82.16B | 48.35B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 6.57B | 6.50B | 5.61B | 5.63B | 6.46B | 5.03B |
| Short-Term Investments | 1.12B | 484.00M | 507.00M | 971.00M | 2.79B | 1.56B |
| Cash & Short-Term Investments | 7.69B | 6.98B | 6.11B | 6.61B | 9.24B | 6.59B |
| Accounts Receivable | 6.96B | 5.81B | 6.70B | 5.47B | 7.09B | 6.67B |
| Receivables | 6.96B | 5.81B | 6.70B | 5.47B | 7.09B | 6.67B |
| Inventory | 1.88B | 1.87B | 1.81B | 1.40B | 1.22B | 1.21B |
| Prepaid Expenses | 72.00M | 309.00M | 635.00M | 241.00M | 261.00M | |
| Restricted Cash | 65.00M | 152.00M | ||||
| Other Current Assets | 2.60B | 491.00M | 394.00M | 611.00M | 1.20B | 1.17B |
| Total Current Assets | 19.20B | 15.53B | 15.65B | 14.33B | 18.75B | 16.05B |
| Property, Plant & Equipment | 91.25B | 94.19B | 95.37B | 70.73B | 65.40B | 65.56B |
| Long-Term Investments | 10.35B | 10.07B | 9.76B | 8.99B | 8.08B | 7.01B |
| Other Long-Term Assets | 3.47B | 2.14B | 2.00B | 1.87B | 1.59B | 2.04B |
| Total Assets | 124.26B | 121.94B | 122.78B | 95.92B | 93.83B | 90.66B |
| Accounts Payable | 6.76B | 6.22B | 6.04B | 5.08B | 6.16B | 5.03B |
| Accrued Expenses | 1.64B | 1.71B | 1.53B | 1.09B | 958.00M | 1.23B |
| Current Portion of Long-Term Debt | 462.00M | 714.00M | 743.00M | 783.00M | 133.00M | 920.00M |
| Current Portion of Leases | 689.00M | 621.00M | 484.00M | 439.00M | 468.00M | |
| Current Income Taxes Payable | 2.54B | 1.83B | 2.46B | 1.81B | 3.19B | 2.86B |
| Other Current Liabilities | 1.04B | 808.00M | 729.00M | 758.00M | 1.96B | 1.52B |
| Total Current Liabilities | 12.45B | 11.97B | 12.12B | 10.01B | 12.85B | 12.02B |
| Long-Term Debt | 22.09B | 21.93B | 22.64B | 17.02B | 15.19B | 17.75B |
| Long-Term Leases | 737.00M | 1.06B | 1.34B | 1.34B | 1.43B | 1.46B |
| Pension & Post-Retirement Benefits | 933.00M | 969.00M | 1.02B | 1.01B | 1.07B | 1.15B |
| Long-Term Deferred Tax Liabilities | 12.39B | 12.24B | 11.43B | 8.81B | 7.73B | 6.18B |
| Other Long-Term Liabilities | 10.31B | 9.28B | 9.43B | 8.45B | 7.56B | 6.69B |
| Total Liabilities | 58.91B | 57.45B | 57.98B | 46.65B | 45.83B | 45.26B |
| Common Stock | 23.00M | 23.00M | 23.00M | 21.00M | 21.00M | 21.00M |
| Additional Paid-In Capital | 77.83B | 77.73B | 77.53B | 61.30B | 61.14B | 60.58B |
| Retained Earnings | 72.92B | 68.86B | 64.87B | 59.27B | 53.03B | 40.67B |
| Treasury Stock | -79.25B | -76.22B | -71.15B | -65.64B | -60.19B | -50.92B |
| Comprehensive Income & Other | -6.18B | -5.91B | -6.47B | -5.67B | -6.00B | -4.95B |
| Total Common Equity | 65.35B | 64.49B | 64.80B | 49.28B | 48.00B | 45.41B |
| Shareholders' Equity | 65.35B | 64.49B | 64.80B | 49.28B | 48.00B | 45.41B |
| Total Liabilities & Equity | 124.26B | 121.94B | 122.78B | 95.92B | 93.83B | 90.66B |
| Total Debt | 23.29B | 24.39B | 25.35B | 19.63B | 17.19B | 20.60B |
| Net Cash (Debt) | -15.60B | -17.41B | -19.23B | -13.03B | -7.95B | -14.01B |
| Net Cash Per Share | -12.68 | -13.89 | -16.29 | -10.81 | -6.22 | -10.55 |
| Filing Date Shares Outstanding | 1.20B | 1.22B | 1.27B | 1.18B | 1.22B | 1.30B |
| Total Common Shares Outstanding | 1.20B | 1.23B | 1.28B | 1.18B | 1.22B | 1.30B |
| Working Capital | 6.74B | 3.56B | 3.52B | 4.33B | 5.90B | 4.03B |
| Book Value Per Share | 54.40 | 52.64 | 50.79 | 41.83 | 39.22 | 34.87 |
| Tangible Book Value | 65.35B | 64.49B | 64.80B | 49.28B | 48.00B | 45.41B |
| Tangible Book Value Per Share | 54.40 | 52.64 | 50.79 | 41.83 | 39.22 | 34.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 9.28B | 7.99B | 9.24B | 10.96B | 18.68B | 8.08B |
| Depreciation & Amortization | 11.90B | 11.59B | 9.61B | 8.32B | 7.59B | 7.22B |
| Loss (Gain) From Sale of Assets | -354.00M | -731.00M | -51.00M | -228.00M | -1.08B | -486.00M |
| Asset Writedown & Restructuring Costs | 45.00M | 26.00M | 80.00M | 14.00M | -12.00M | 674.00M |
| Loss (Gain) From Sale of Investments | -251.00M | -1.04B | ||||
| Loss (Gain) on Equity Investments | 422.00M | 200.00M | 564.00M | 964.00M | 942.00M | 446.00M |
| Other Operating Activities | 949.00M | 798.00M | 862.00M | 1.32B | 2.67B | 834.00M |
| Change in Accounts Receivable | -1.25B | 803.00M | -262.00M | 1.33B | -963.00M | -2.50B |
| Change in Inventory | -51.00M | -116.00M | -68.00M | -103.00M | -38.00M | -160.00M |
| Change in Accounts Payable | 146.00M | -212.00M | -543.00M | -1.12B | 901.00M | 1.40B |
| Change in Income Taxes | 921.00M | -527.00M | 613.00M | -1.83B | 39.00M | 3.18B |
| Change in Other Net Operating Assets | -83.00M | -24.00M | 79.00M | 337.00M | -173.00M | -649.00M |
| Operating Cash Flow | 21.93B | 19.80B | 20.12B | 19.96B | 28.31B | 17.00B |
| Capital Expenditures | -11.86B | -12.55B | -12.12B | -11.25B | -10.16B | -5.32B |
| Sale of Property, Plant & Equipment | 2.10B | 3.25B | 261.00M | 632.00M | 3.47B | 1.65B |
| Cash Acquisitions | -24.00M | -2.72B | -60.00M | -8.29B | ||
| Investment in Securities | -699.00M | -55.00M | 415.00M | 1.37B | -2.63B | 3.09B |
| Other Investing Activities | 115.00M | 524.00M | 316.00M | -33.00M | 636.00M | 326.00M |
| Investing Cash Flow | -10.35B | -8.84B | -11.15B | -12.00B | -8.74B | -8.54B |
| Long-Term Debt Issued | 5.59B | 3.79B | 2.90B | |||
| Long-Term Debt Repaid | -913.00M | -4.98B | -1.38B | -6.27B | -505.00M | |
| Net Debt Issued (Repaid) | -282.00M | -913.00M | 610.00M | 2.41B | -3.37B | -505.00M |
| Issuance of Common Stock | 362.00M | 145.00M | ||||
| Repurchase of Common Stock | -5.30B | -5.02B | -5.46B | -5.40B | -9.27B | -3.62B |
| Common Dividends Paid | -4.07B | -4.00B | -3.65B | -5.58B | -5.73B | -2.36B |
| Other Financing Activities | -184.00M | -176.00M | -336.00M | -86.00M | -49.00M | 7.00M |
| Financing Cash Flow | -9.84B | -10.10B | -8.84B | -8.66B | -18.05B | -6.33B |
| Foreign Exchange Rate Adjustments | 153.00M | -133.00M | -99.00M | -224.00M | -34.00M | |
| Net Cash Flow | 1.74B | 1.01B | 6.00M | -795.00M | 1.30B | 2.08B |
| Free Cash Flow | 10.06B | 7.24B | 8.01B | 8.72B | 18.16B | 11.67B |
| Free Cash Flow Margin | 15.61% | 12.02% | 14.18% | 15.07% | 22.53% | 25.01% |
| Free Cash Flow Per Share | 8.18 | 5.78 | 6.78 | 7.23 | 14.20 | 8.79 |
| Levered Free Cash Flow | 7.69B | 7.49B | 6.67B | 5.44B | 15.98B | 10.67B |
| Unlevered Free Cash Flow | 8.19B | 8.02B | 7.16B | 5.92B | 16.48B | 11.22B |
| Cash Interest Paid | 795.00M | 757.00M | 806.00M | 701.00M | 873.00M | 924.00M |
| Cash Income Tax Paid | 3.96B | 4.82B | 3.62B | 5.41B | 7.37B | 856.00M |
| Change in Working Capital | -322.00M | -76.00M | -181.00M | -1.38B | -234.00M | 1.27B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 185.04B | 115.68B | 128.28B | 137.82B | 147.04B | 95.20B |
| Enterprise Value | 200.64B | 132.90B | 139.79B | 147.44B | 153.58B | 102.94B |
| Last Close Price | 154.03 | 91.59 | 93.79 | 106.78 | 104.70 | 60.98 |
| PE Ratio | 20.47 | 14.53 | 13.92 | 12.62 | 7.90 | 11.81 |
| Forward PE | 12.83 | 16.28 | 13.32 | 11.46 | 9.60 | 8.89 |
| PS Ratio | 2.87 | 1.92 | 2.27 | 2.38 | 1.82 | 2.04 |
| PB Ratio | 2.83 | 1.79 | 1.98 | 2.80 | 3.06 | 2.10 |
| P/TBV Ratio | 2.83 | 1.79 | 1.98 | 2.80 | 3.06 | 2.10 |
| P/FCF Ratio | 18.39 | 15.97 | 16.02 | 15.81 | 8.10 | 8.16 |
| P/OCF Ratio | 8.44 | 5.84 | 6.38 | 6.90 | 5.19 | 5.60 |
| PEG Ratio | 0.80 | 8.00 | 1.67 | 2.29 | 1.75 | 1.48 |
| EV/Sales Ratio | 3.11 | 2.21 | 2.48 | 2.55 | 1.91 | 2.21 |
| EV/EBITDA Ratio | 7.49 | 5.50 | 5.75 | 5.96 | 4.40 | 5.08 |
| EV/EBIT Ratio | 13.49 | 10.57 | 9.51 | 8.97 | 5.62 | 7.88 |
| EV/FCF Ratio | 19.94 | 18.35 | 17.46 | 16.91 | 8.46 | 8.82 |
| Debt / Equity Ratio | 0.36 | 0.38 | 0.39 | 0.40 | 0.36 | 0.45 |
| Debt / EBITDA Ratio | 0.85 | 0.99 | 1.03 | 0.78 | 0.49 | 1.00 |
| Debt / FCF Ratio | 2.31 | 3.37 | 3.17 | 2.25 | 0.95 | 1.76 |
| Net Debt / Equity Ratio | 0.24 | 0.27 | 0.30 | 0.26 | 0.17 | 0.31 |
| Net Debt / EBITDA Ratio | 0.58 | 0.72 | 0.79 | 0.53 | 0.23 | 0.69 |
| Net Debt / FCF Ratio | 1.55 | 2.40 | 2.40 | 1.50 | 0.44 | 1.20 |
| Asset Turnover | 0.52 | 0.49 | 0.52 | 0.61 | 0.87 | 0.61 |
| Inventory Turnover | 17.90 | 17.62 | 17.94 | 22.67 | 33.77 | 21.47 |
| Quick Ratio | 1.18 | 1.07 | 1.06 | 1.21 | 1.27 | 1.10 |
| Current Ratio | 1.54 | 1.30 | 1.29 | 1.43 | 1.46 | 1.33 |
| Return on Equity (ROE) | 14.18% | 12.36% | 16.21% | 22.53% | 40.00% | 21.47% |
| Return on Assets (ROA) | 7.53% | 6.42% | 8.40% | 10.82% | 18.51% | 10.65% |
| Return on Invested Capital (ROIC) | 11.63% | 9.56% | 13.59% | 18.69% | 31.35% | 17.01% |
| Return on Capital Employed (ROCE) | 13.30% | 11.40% | 13.30% | 19.10% | 33.70% | 16.60% |
| Earnings Yield | 4.89% | 6.91% | 7.21% | 7.95% | 12.70% | 8.49% |
| FCF Yield | 5.44% | 6.26% | 6.24% | 6.33% | 12.35% | 12.26% |
| Dividend Yield | 2.18% | 3.37% | 3.10% | 3.94% | 3.74% | 2.39% |
| Payout Ratio | 44.64% | 50.01% | 39.44% | 50.95% | 30.65% | 29.20% |
| Buyback Yield / Dilution | -0.27% | -6.15% | 2.06% | 5.67% | 3.76% | -23.20% |
| Total Shareholder Return | 1.91% | -2.78% | 5.16% | 9.61% | 7.50% | -20.81% |