ConocoPhillips Historical Income Statement

COP Stock  USD 112.00  1.87  1.64%   
Historical analysis of ConocoPhillips income statement accounts such as Interest Expense of 1.3 B, Selling General Administrative of 1.3 B or Total Revenue of 68.6 B can show how well ConocoPhillips performed in making a profits. Evaluating ConocoPhillips income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ConocoPhillips's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining ConocoPhillips latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ConocoPhillips is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConocoPhillips. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.

About ConocoPhillips Income Statement Analysis

ConocoPhillips Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ConocoPhillips shareholders. The income statement also shows ConocoPhillips investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ConocoPhillips Income Statement Chart

At this time, ConocoPhillips' Net Income is relatively stable compared to the past year. As of 06/04/2024, Research Development is likely to grow to about 121 M, while Operating Income is likely to drop slightly above 10 B.

Total Revenue

Total revenue comprises all receipts ConocoPhillips generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ConocoPhillips. It is also known as ConocoPhillips overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in ConocoPhillips financial statement analysis. It represents the amount of money remaining after all of ConocoPhillips operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Interest Income

The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.
Most accounts from ConocoPhillips' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ConocoPhillips current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConocoPhillips. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.At this time, ConocoPhillips' Net Income is relatively stable compared to the past year. As of 06/04/2024, Research Development is likely to grow to about 121 M, while Operating Income is likely to drop slightly above 10 B.
 2021 2022 2023 2024 (projected)
Cost Of Revenue31.1B48.5B38.2B51.0B
EBITDA21.2B35.6B23.5B17.6B

ConocoPhillips income statement Correlations

0.790.190.240.170.240.10.120.320.250.260.040.080.070.060.470.06-0.070.29-0.270.32-0.010.06-0.20.25
0.790.01-0.05-0.14-0.02-0.18-0.150.01-0.02-0.05-0.18-0.18-0.13-0.260.19-0.01-0.350.36-0.450.460.1-0.040.130.09
0.190.010.480.620.420.660.640.650.430.360.610.080.60.570.05-0.360.58-0.20.52-0.10.460.69-0.160.27
0.24-0.050.480.920.990.610.670.690.990.950.610.440.540.690.480.040.47-0.160.6-0.28-0.030.07-0.190.2
0.17-0.140.620.920.860.860.90.90.870.780.860.510.810.90.38-0.150.76-0.350.63-0.190.220.32-0.120.35
0.24-0.020.420.990.860.50.570.591.00.970.510.40.430.590.510.120.35-0.090.57-0.31-0.12-0.02-0.220.14
0.1-0.180.660.610.860.50.990.960.520.380.970.40.970.930.06-0.420.96-0.530.520.020.560.630.060.45
0.12-0.150.640.670.90.570.990.980.580.460.980.490.970.960.2-0.340.93-0.490.51-0.020.470.540.010.43
0.320.010.650.690.90.590.960.980.610.490.950.480.940.930.28-0.310.88-0.410.430.050.440.53-0.030.46
0.25-0.020.430.990.871.00.520.580.610.970.520.40.440.60.50.10.37-0.10.57-0.3-0.110.0-0.210.15
0.26-0.050.360.950.780.970.380.460.490.970.370.380.280.510.580.270.240.020.47-0.44-0.3-0.12-0.350.03
0.04-0.180.610.610.860.510.970.980.950.520.370.550.990.950.14-0.420.95-0.620.550.060.540.540.110.45
0.08-0.180.080.440.510.40.40.490.480.40.380.550.50.650.580.20.44-0.530.22-0.11-0.14-0.23-0.110.1
0.07-0.130.60.540.810.430.970.970.940.440.280.990.50.910.09-0.460.95-0.60.510.160.610.580.160.48
0.06-0.260.570.690.90.590.930.960.930.60.510.950.650.910.28-0.230.9-0.570.5-0.140.320.42-0.080.35
0.470.190.050.480.380.510.060.20.280.50.580.140.580.090.280.54-0.030.3-0.07-0.22-0.6-0.38-0.530.02
0.06-0.01-0.360.04-0.150.12-0.42-0.34-0.310.10.27-0.420.2-0.46-0.230.54-0.440.47-0.43-0.57-0.85-0.78-0.34-0.62
-0.07-0.350.580.470.760.350.960.930.880.370.240.950.440.950.9-0.03-0.44-0.630.560.030.570.60.090.46
0.290.36-0.2-0.16-0.35-0.09-0.53-0.49-0.41-0.10.02-0.62-0.53-0.6-0.570.30.47-0.63-0.4-0.14-0.54-0.36-0.34-0.14
-0.27-0.450.520.60.630.570.520.510.430.570.470.550.220.510.5-0.07-0.430.56-0.4-0.040.290.310.00.52
0.320.46-0.1-0.28-0.19-0.310.02-0.020.05-0.3-0.440.06-0.110.16-0.14-0.22-0.570.03-0.14-0.040.520.190.570.43
-0.010.10.46-0.030.22-0.120.560.470.44-0.11-0.30.54-0.140.610.32-0.6-0.850.57-0.540.290.520.780.580.38
0.06-0.040.690.070.32-0.020.630.540.530.0-0.120.54-0.230.580.42-0.38-0.780.6-0.360.310.190.780.010.44
-0.20.13-0.16-0.19-0.12-0.220.060.01-0.03-0.21-0.350.11-0.110.16-0.08-0.53-0.340.09-0.340.00.570.580.01-0.12
0.250.090.270.20.350.140.450.430.460.150.030.450.10.480.350.02-0.620.46-0.140.520.430.380.44-0.12
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ConocoPhillips Account Relationship Matchups

ConocoPhillips income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization6.1B5.5B7.2B7.5B8.4B4.8B
Interest Expense1.1B1.1B1.1B1.1B1.2B1.3B
Selling General Administrative556M1.2B719M4.0B705M1.3B
Total Revenue32.6B18.8B45.8B78.5B56.1B68.6B
Gross Profit9.3B841M14.8B30.0B17.8B17.6B
Other Operating Expenses25.5B20.6B33.8B53.0B41.0B58.5B
Operating Income9.1B(1.9B)14.0B28.1B15.0B10.0B
Ebit9.1B(1.9B)14.0B28.1B15.0B12.8B
Ebitda15.2B3.6B21.2B35.6B23.5B17.6B
Cost Of Revenue23.3B17.9B31.1B48.5B38.2B51.0B
Total Operating Expenses2.3B2.6B2.7B4.6B2.8B2.6B
Income Before Tax9.5B(3.1B)12.7B28.2B16.3B17.1B
Total Other Income Expense Net391M(1.3B)(1.3B)134M1.3B1.3B
Net Income7.2B(2.7B)8.1B18.7B11.0B11.5B
Income Tax Expense2.3B(485M)4.6B9.5B5.3B3.7B
Research Development82M75M62M71M81M121.0M
Net Income Applicable To Common Shares7.2B(2.7B)8.1B18.7B16.8B17.7B
Net Income From Continuing Ops7.3B(2.7B)8.1B18.7B11.0B6.2B
Non Recurring1.1B2.3B1.0B552M496.8M472.0M
Non Operating Income Net Other(131M)59M(80M)3.3B3.0B3.1B
Tax Provision2.3B(485M)4.6B9.5B5.3B5.6B
Interest Income166M302M1.0B1.4B412M451M
Net Interest Income(612M)(806M)(1.1B)(1.1B)(651M)(683.6M)
Reconciled Depreciation6.1B5.5B7.3B7.5B8.3B7.5B

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Additional Tools for ConocoPhillips Stock Analysis

When running ConocoPhillips' price analysis, check to measure ConocoPhillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.