ConocoPhillips Historical Income Statement
| COP Stock | USD 121.71 1.88 1.57% |
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.
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.
ConocoPhillips |
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
ConocoPhillips Income Statement is one of the three primary financial statements used for reporting ConocoPhillips's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ConocoPhillips revenue and expense. ConocoPhillips Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ConocoPhillips' Net Income is relatively stable compared to the past year. As of 05/20/2024, Research Development is likely to grow to about 121 M, while Operating Income is likely to drop slightly above 10 B. Add Fundamental
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ConocoPhillips minus its cost of goods sold. It is profit before ConocoPhillips operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of ConocoPhillips whose combined shares represent less than 50% of the total outstanding shares issued by ConocoPhillips have a minority interest in ConocoPhillips.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 05/20/2024, 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 Revenue | 31.1B | 48.5B | 38.2B | 51.0B | EBITDA | 21.2B | 35.6B | 23.5B | 17.6B |
ConocoPhillips income statement Correlations
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ConocoPhillips Account Relationship Matchups
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ConocoPhillips income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 6.1B | 5.5B | 7.2B | 7.5B | 8.4B | 4.8B | |
| Interest Expense | 1.1B | 1.1B | 1.1B | 1.1B | 1.2B | 1.3B | |
| Selling General Administrative | 556M | 1.2B | 719M | 4.0B | 705M | 1.3B | |
| Total Revenue | 32.6B | 18.8B | 45.8B | 78.5B | 56.1B | 68.6B | |
| Gross Profit | 9.3B | 841M | 14.8B | 30.0B | 17.8B | 17.6B | |
| Other Operating Expenses | 25.5B | 20.6B | 33.8B | 53.0B | 41.0B | 58.5B | |
| Operating Income | 9.1B | (1.9B) | 14.0B | 28.1B | 15.0B | 10.0B | |
| Ebit | 9.1B | (1.9B) | 14.0B | 28.1B | 15.0B | 12.8B | |
| Ebitda | 15.2B | 3.6B | 21.2B | 35.6B | 23.5B | 17.6B | |
| Cost Of Revenue | 23.3B | 17.9B | 31.1B | 48.5B | 38.2B | 51.0B | |
| Total Operating Expenses | 2.3B | 2.6B | 2.7B | 4.6B | 2.8B | 2.6B | |
| Income Before Tax | 9.5B | (3.1B) | 12.7B | 28.2B | 16.3B | 17.1B | |
| Total Other Income Expense Net | 391M | (1.3B) | (1.3B) | 134M | 1.3B | 1.3B | |
| Net Income | 7.2B | (2.7B) | 8.1B | 18.7B | 11.0B | 11.5B | |
| Income Tax Expense | 2.3B | (485M) | 4.6B | 9.5B | 5.3B | 3.7B | |
| Research Development | 82M | 75M | 62M | 71M | 81M | 121.0M | |
| Net Income Applicable To Common Shares | 7.2B | (2.7B) | 8.1B | 18.7B | 16.8B | 17.7B | |
| Net Income From Continuing Ops | 7.3B | (2.7B) | 8.1B | 18.7B | 11.0B | 6.2B | |
| Non Recurring | 1.1B | 2.3B | 1.0B | 552M | 496.8M | 472.0M | |
| Non Operating Income Net Other | (131M) | 59M | (80M) | 3.3B | 3.0B | 3.1B | |
| Tax Provision | 2.3B | (485M) | 4.6B | 9.5B | 5.3B | 5.6B | |
| Interest Income | 166M | 302M | 1.0B | 1.4B | 412M | 451M | |
| Net Interest Income | (612M) | (806M) | (1.1B) | (1.1B) | (651M) | (683.6M) | |
| Reconciled Depreciation | 6.1B | 5.5B | 7.3B | 7.5B | 8.3B | 7.5B |
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Try AI Portfolio ArchitectCheck 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.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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Is ConocoPhillips' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ConocoPhillips. If investors know ConocoPhillips will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ConocoPhillips listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.1) | Dividend Share 4.18 | Earnings Share 8.82 | Revenue Per Share 47.661 | Quarterly Revenue Growth (0.07) |
The market value of ConocoPhillips is measured differently than its book value, which is the value of ConocoPhillips that is recorded on the company's balance sheet. Investors also form their own opinion of ConocoPhillips' value that differs from its market value or its book value, called intrinsic value, which is ConocoPhillips' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ConocoPhillips' market value can be influenced by many factors that don't directly affect ConocoPhillips' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ConocoPhillips' value and its price as these two are different measures arrived at by different means. Investors typically determine if ConocoPhillips is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ConocoPhillips' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.