ConocoPhillips Financials

COP

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 52/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

ConocoPhillips's revenue declined 2.5% year-over-year, from $56.1B to $54.7B. This contraction results in a growth score of 21/100.

Leverage

ConocoPhillips carries a low D/E ratio of 0.36, meaning only $0.36 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

ConocoPhillips's current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.

Returns

ConocoPhillips's ROE of 14.3% shows moderate profitability relative to equity, earning a score of 57/100. This is down from 22.2% the prior year.

Piotroski F-Score Weak

3/9

ConocoPhillips passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.18x

For every $1 of reported earnings, ConocoPhillips generates $2.18 in operating cash flow ($20.1B OCF vs $9.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows ConocoPhillips (COP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$54.7B

YoY-2.5%

5Y CAGR+8.3%

10Y CAGR-0.1%

ConocoPhillips generated $54.7B in revenue in fiscal year 2024. This represents a decrease of 2.5% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$9.2B

YoY-15.6%

5Y CAGR+5.2%

10Y CAGR+3.0%

ConocoPhillips reported $9.2B in net income in fiscal year 2024. This represents a decrease of 15.6% from the prior year.

EPS (Diluted)

$7.81

YoY-13.8%

5Y CAGR+4.1%

10Y CAGR+3.5%

ConocoPhillips earned $7.81 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 13.8% from the prior year.

Cash & Debt

$5.6B

YoY-0.5%

5Y CAGR+2.0%

10Y CAGR+1.0%

ConocoPhillips held $5.6B in cash against $23.3B in long-term debt as of fiscal year 2024.

Dividends Per Share

$2.52

YoY+19.4%

5Y CAGR+13.5%

10Y CAGR-1.2%

ConocoPhillips paid $2.52 per share in dividends in fiscal year 2024. This represents an increase of 19.4% from the prior year.

Shares Outstanding

1.27B

YoY+8.2%

5Y CAGR+3.3%

10Y CAGR+0.3%

ConocoPhillips had 1.27B shares outstanding in fiscal year 2024. This represents an increase of 8.2% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

16.9%

YoY-2.6pp

5Y CAGR-2.7pp

10Y CAGR+4.5pp

ConocoPhillips's net profit margin was 16.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.6 percentage points from the prior year.

Return on Equity

14.3%

YoY-8.0pp

5Y CAGR-6.3pp

10Y CAGR+1.0pp

ConocoPhillips's ROE was 14.3% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 8.0 percentage points from the prior year.

R&D Spending

$81.0M

YoY+0.0%

5Y CAGR-0.2%

10Y CAGR-11.1%

ConocoPhillips invested $81.0M in research and development in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Share Buybacks

$5.5B

YoY+1.2%

5Y CAGR+9.3%

ConocoPhillips spent $5.5B on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1.2% from the prior year.

Capital Expenditures

N/A

COP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$54.7B-2.5%	$56.1B-28.5%	$78.5B+71.3%	$45.8B+144.0%	$18.8B-48.8%	$36.7B
Cost of Revenue	$20.0B-8.9%	$22.0B-35.3%	$34.0B+87.1%	$18.2B+124.8%	$8.1B-31.8%	$11.8B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$81.0M0.0%	$81.0M+14.1%	$71.0M+14.5%	$62.0M-17.3%	$75.0M-8.5%	$82.0M
SG&A Expenses	$1.2B+64.3%	$705.0M+13.2%	$623.0M-13.4%	$719.0M+67.2%	$430.0M-22.7%	$556.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$941.0M+14.2%	$824.0M+4.2%	$791.0M-10.8%	$887.0M+12.6%	$788.0M-1.4%	$799.0M
Income Tax	$4.4B-17.0%	$5.3B-44.2%	$9.5B+106.1%	$4.6B+1055.3%	-$485.0M-121.4%	$2.3B
Net Income	$9.2B-15.6%	$11.0B-41.3%	$18.7B+131.2%	$8.1B+399.1%	-$2.7B-137.6%	$7.2B
EPS (Diluted)	$7.81-13.8%	$9.06-37.8%	$14.57+140.0%	$6.07+341.8%	$-2.51-139.2%	$6.40

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$15.0B+7.3%	$14.0B-15.2%	$16.5B+16.0%	$14.2B+4.5%	$13.6B-1.6%	$13.8B-6.0%	$14.7B+3.4%	$14.3B
Cost of Revenue	$5.9B+15.2%	$5.1B-17.8%	$6.2B+22.0%	$5.1B+4.4%	$4.9B-8.9%	$5.3B-6.1%	$5.7B+2.4%	$5.5B
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$271.0M+8.4%	$250.0M+30.9%	$191.0M-69.7%	$630.0M+284.1%	$164.0M-7.9%	$178.0M+3.5%	$172.0M+1.8%	$169.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$223.0M-3.9%	$232.0M+13.2%	$205.0M-41.3%	$349.0M+76.3%	$198.0M-3.4%	$205.0M-22.1%	$263.0M+35.6%	$194.0M
Income Tax	$1.2B+14.9%	$1.0B-35.3%	$1.6B+143.5%	$664.0M-50.1%	$1.3B+5.8%	$1.3B0.0%	$1.3B-3.5%	$1.3B
Net Income	$1.7B-12.4%	$2.0B-30.8%	$2.8B+23.5%	$2.3B-1.0%	$2.3B-8.7%	$2.6B-15.2%	$3.0B+7.5%	$2.8B
EPS (Diluted)	$1.38-11.5%	$1.56-30.0%	$2.23+16.1%	$1.92-3.0%	$1.98-7.9%	$2.15-14.7%	$2.52+8.6%	$2.32

COP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$122.8B+28.0%	$95.9B+2.2%	$93.8B+3.5%	$90.7B+44.8%	$62.6B-11.2%	$70.5B
Current Assets	$15.6B+9.2%	$14.3B-23.6%	$18.7B+16.8%	$16.1B+33.0%	$12.1B-28.7%	$16.9B
Cash & Equivalents	$5.6B-0.5%	$5.6B-12.7%	$6.5B+28.4%	$5.0B+68.1%	$3.0B-41.2%	$5.1B
Inventory	$1.8B+29.4%	$1.4B+14.7%	$1.2B+0.9%	$1.2B+20.6%	$1.0B-2.3%	$1.0B
Accounts Receivable	$5.4B+22.3%	$4.4B-15.8%	$5.2B-0.5%	$5.3B+188.3%	$1.8B-23.0%	$2.4B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$58.0B+24.3%	$46.6B+1.8%	$45.8B+1.3%	$45.3B+38.1%	$32.8B-7.6%	$35.5B
Current Liabilities	$12.1B+21.2%	$10.0B-22.1%	$12.8B+6.9%	$12.0B+124.0%	$5.4B-23.8%	$7.0B
Long-Term Debt	$23.3B+30.4%	$17.9B+10.1%	$16.2B-13.4%	$18.7B-1.9%	$19.1B+5.5%	$18.1B
Total Equity	$64.8B+31.5%	$49.3B+2.7%	$48.0B+5.7%	$45.4B+52.1%	$29.8B-14.7%	$35.0B
Retained Earnings	$64.9B+9.5%	$59.3B+11.8%	$53.0B+30.4%	$40.7B+15.5%	$35.2B-11.4%	$39.7B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$122.5B-0.1%	$122.6B-1.3%	$124.3B+1.2%	$122.8B+27.9%	$96.0B+0.7%	$95.3B-0.6%	$95.9B+2.4%	$93.7B
Current Assets	$15.9B+14.0%	$13.9B-17.5%	$16.9B+8.0%	$15.6B+13.9%	$13.7B+0.1%	$13.7B-4.2%	$14.3B-16.6%	$17.2B
Cash & Equivalents	$5.3B+7.3%	$4.9B-22.3%	$6.3B+12.5%	$5.6B+30.6%	$4.3B-23.0%	$5.6B-1.1%	$5.6B-36.2%	$8.8B
Inventory	$1.7B-9.3%	$1.9B+2.9%	$1.8B+1.9%	$1.8B+25.0%	$1.4B+0.3%	$1.4B+3.2%	$1.4B+5.4%	$1.3B
Accounts Receivable	$4.6B+1.3%	$4.5B-12.5%	$5.2B-3.9%	$5.4B+24.9%	$4.3B-2.1%	$4.4B0.0%	$4.4B-4.7%	$4.6B
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$57.5B+0.9%	$57.0B-3.4%	$59.0B+1.8%	$58.0B+25.4%	$46.2B+0.5%	$46.0B-1.3%	$46.6B+1.6%	$45.9B
Current Liabilities	$12.0B+9.3%	$11.0B-17.6%	$13.3B+9.9%	$12.1B+17.4%	$10.3B+1.6%	$10.2B+1.6%	$10.0B-3.2%	$10.3B
Long-Term Debt	$22.5B-2.8%	$23.1B-0.3%	$23.2B-0.5%	$23.3B+36.7%	$17.0B-1.5%	$17.3B-3.1%	$17.9B-1.8%	$18.2B
Total Equity	$64.9B-1.0%	$65.6B+0.5%	$65.2B+0.7%	$64.8B+30.3%	$49.7B+0.9%	$49.3B+0.1%	$49.3B+3.2%	$47.7B
Retained Earnings	$68.5B+1.1%	$67.7B+1.5%	$66.7B+2.9%	$64.9B+4.1%	$62.3B+2.3%	$60.9B+2.7%	$59.3B+4.1%	$57.0B

COP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$20.1B+0.8%	$20.0B-29.5%	$28.3B+66.6%	$17.0B+253.9%	$4.8B-56.8%	$11.1B
Capital Expenditures	N/A	N/A	$10.2B+90.8%	$5.3B+12.9%	$4.7B-28.9%	$6.6B
Free Cash Flow	N/A	N/A	$18.2B+55.5%	$11.7B+13316.1%	$87.0M-98.1%	$4.5B
Investing Cash Flow	-$11.2B+7.1%	-$12.0B-37.3%	-$8.7B-2.3%	-$8.5B-107.3%	-$4.1B+37.7%	-$6.6B
Financing Cash Flow	-$8.8B-2.0%	-$8.7B+52.0%	-$18.1B-185.0%	-$6.3B-133.9%	-$2.7B+48.2%	-$5.2B
Dividends Paid	$3.6B-34.7%	$5.6B-2.5%	$5.7B+142.7%	$2.4B+28.8%	$1.8B+22.1%	$1.5B
Share Buybacks	$5.5B+1.2%	$5.4B-41.7%	$9.3B+155.9%	$3.6B+306.2%	$892.0M-74.5%	$3.5B

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$5.9B+68.7%	$3.5B-43.0%	$6.1B+37.2%	$4.5B-9.4%	$4.9B-1.3%	$5.0B-5.3%	$5.3B-3.3%	$5.4B
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$3.2B-29.2%	-$2.5B-4.9%	-$2.3B-6.6%	-$2.2B+47.0%	-$4.2B-93.9%	-$2.1B+63.4%	-$5.9B-145.5%	-$2.4B
Financing Cash Flow	-$2.3B+6.4%	-$2.5B+20.8%	-$3.1B-77.3%	-$1.8B+13.4%	-$2.0B+27.7%	-$2.8B-7.0%	-$2.6B-9200.0%	$29.0M
Dividends Paid	$975.0M-0.9%	$984.0M-1.4%	$998.0M+11.3%	$897.0M-2.0%	$915.0M-1.0%	$924.0M-34.4%	$1.4B+5.3%	$1.3B
Share Buybacks	$1.3B+4.3%	$1.2B-18.5%	$1.5B-23.1%	$1.9B+91.0%	$1.0B-22.9%	$1.3B+20.5%	$1.1B-15.4%	$1.3B

COP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	16.9%-2.6pp	19.5%-4.3pp	23.8%+6.2pp	17.6%+32.0pp	-14.4%-34.0pp	19.6%
Return on Equity	14.3%-8.0pp	22.2%-16.7pp	38.9%+21.1pp	17.8%	N/A	20.5%
Return on Assets	7.5%-3.9pp	11.4%-8.5pp	19.9%+11.0pp	8.9%+13.2pp	-4.3%-14.5pp	10.2%
Current Ratio	1.29-0.1	1.43-0.0	1.46+0.1	1.34-0.9	2.25-0.2	2.40
Debt-to-Equity	0.360.0	0.36+0.0	0.34-0.1	0.41-0.2	0.64+0.1	0.52
FCF Margin	N/A	N/A	23.1%-2.3pp	25.5%+25.0pp	0.5%-11.7pp	12.2%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	11.5%-2.6pp	14.1%-3.2pp	17.3%+1.0pp	16.2%-0.9pp	17.1%-1.3pp	18.4%-2.0pp	20.4%+0.8pp	19.6%
Return on Equity	2.7%-0.3pp	3.0%-1.4pp	4.4%+0.8pp	3.6%-1.1pp	4.7%-0.5pp	5.2%-0.9pp	6.1%+0.2pp	5.9%
Return on Assets	1.4%-0.2pp	1.6%-0.7pp	2.3%+0.4pp	1.9%-0.5pp	2.4%-0.3pp	2.7%-0.5pp	3.1%+0.1pp	3.0%
Current Ratio	1.32+0.1	1.270.0	1.27-0.0	1.29-0.0	1.33-0.0	1.35-0.1	1.43-0.2	1.66
Debt-to-Equity	0.350.0	0.350.0	0.360.0	0.36+0.0	0.340.0	0.35-0.0	0.36-0.0	0.38
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is ConocoPhillips's annual revenue?

ConocoPhillips (COP) reported $54.7B in total revenue for fiscal year 2024. This represents a -2.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ConocoPhillips's revenue growing?

ConocoPhillips (COP) revenue declined by 2.5% year-over-year, from $56.1B to $54.7B in fiscal year 2024.

Is ConocoPhillips profitable?

Yes, ConocoPhillips (COP) reported a net income of $9.2B in fiscal year 2024, with a net profit margin of 16.9%.

What is ConocoPhillips's earnings per share (EPS)?

ConocoPhillips (COP) reported diluted earnings per share of $7.81 for fiscal year 2024. This represents a -13.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does ConocoPhillips have?

As of fiscal year 2024, ConocoPhillips (COP) had $5.6B in cash and equivalents against $23.3B in long-term debt.

What is ConocoPhillips's net profit margin?

ConocoPhillips (COP) had a net profit margin of 16.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does ConocoPhillips pay dividends?

Yes, ConocoPhillips (COP) paid $2.52 per share in dividends during fiscal year 2024.

What is ConocoPhillips's return on equity (ROE)?

ConocoPhillips (COP) has a return on equity of 14.3% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is ConocoPhillips's operating cash flow?

ConocoPhillips (COP) generated $20.1B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are ConocoPhillips's total assets?

ConocoPhillips (COP) had $122.8B in total assets as of fiscal year 2024, including both current and long-term assets.

How much does ConocoPhillips spend on research and development?

ConocoPhillips (COP) invested $81.0M in research and development during fiscal year 2024.

Does ConocoPhillips buy back shares?

Yes, ConocoPhillips (COP) spent $5.5B on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does ConocoPhillips have outstanding?

ConocoPhillips (COP) had 1.27B shares outstanding as of fiscal year 2024.

What is ConocoPhillips's current ratio?

ConocoPhillips (COP) had a current ratio of 1.29 as of fiscal year 2024, which is considered adequate.

What is ConocoPhillips's debt-to-equity ratio?

ConocoPhillips (COP) had a debt-to-equity ratio of 0.36 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ConocoPhillips's return on assets (ROA)?

ConocoPhillips (COP) had a return on assets of 7.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is ConocoPhillips's Piotroski F-Score?

ConocoPhillips (COP) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ConocoPhillips's earnings high quality?

ConocoPhillips (COP) has an earnings quality ratio of 2.18x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is ConocoPhillips?

ConocoPhillips (COP) scores 52 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.