ConocoPhillips Other Current Assets vs Common Stock Total Equity Analysis

COP Stock  USD 119.83  0.87  0.72%   
ConocoPhillips financial indicator trend analysis is way more than just evaluating ConocoPhillips prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ConocoPhillips is a good investment. Please check the relationship between ConocoPhillips Other Current Assets and its Common Stock Total Equity accounts. 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.

Other Current Assets vs Common Stock Total Equity

Other Current Assets vs Common Stock Total Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ConocoPhillips Other Current Assets account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ConocoPhillips' Other Current Assets and Common Stock Total Equity is -0.2. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of ConocoPhillips, assuming nothing else is changed. The correlation between historical values of ConocoPhillips' Other Current Assets and Common Stock Total Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of ConocoPhillips are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Other Current Assets i.e., ConocoPhillips' Other Current Assets and Common Stock Total Equity go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.
Most indicators from ConocoPhillips' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ConocoPhillips current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, 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' Selling General Administrative is relatively stable compared to the past year. As of 05/17/2024, Tax Provision is likely to grow to about 5.6 B, while Enterprise Value Over EBITDA is likely to drop 4.19.
 2021 2022 2023 2024 (projected)
Cost Of Revenue31.1B48.5B38.2B51.0B
EBITDA21.2B35.6B23.5B17.6B

ConocoPhillips fundamental ratios Correlations

0.770.10.870.960.960.620.580.480.99-0.620.080.860.830.940.630.460.460.980.390.790.170.85-0.66-0.660.56
0.77-0.150.450.690.810.940.330.210.83-0.24-0.110.420.790.890.250.240.540.80.210.340.450.43-0.66-0.660.83
0.1-0.150.230.230.15-0.250.150.170.04-0.20.220.240.17-0.120.040.120.07-0.010.360.3-0.210.10.00.0-0.14
0.870.450.230.810.750.320.460.440.81-0.850.071.00.590.730.820.510.440.870.350.90.150.98-0.37-0.370.22
0.960.690.230.810.970.490.710.60.94-0.520.250.810.870.840.580.380.290.880.520.80.110.77-0.72-0.720.55
0.960.810.150.750.970.640.640.490.97-0.460.080.740.860.90.490.340.390.90.510.670.190.71-0.69-0.690.66
0.620.94-0.250.320.490.640.18-0.090.7-0.19-0.370.280.580.80.170.240.540.690.120.130.420.32-0.48-0.480.75
0.580.330.150.460.710.640.180.710.57-0.160.470.460.650.410.440.07-0.380.450.850.480.040.43-0.72-0.720.51
0.480.210.170.440.60.49-0.090.710.42-0.110.770.430.640.290.340.02-0.170.360.540.590.120.37-0.66-0.660.3
0.990.830.040.810.940.970.70.570.42-0.55-0.010.80.820.960.580.40.480.970.390.690.170.8-0.65-0.650.63
-0.62-0.24-0.2-0.85-0.52-0.46-0.19-0.16-0.11-0.550.12-0.84-0.3-0.53-0.7-0.61-0.39-0.67-0.09-0.76-0.06-0.840.080.08-0.03
0.08-0.110.220.070.250.08-0.370.470.77-0.010.120.060.41-0.110.1-0.14-0.41-0.060.230.410.090.0-0.56-0.560.1
0.860.420.241.00.810.740.280.460.430.8-0.840.060.570.710.840.470.440.850.350.880.090.98-0.34-0.340.18
0.830.790.170.590.870.860.580.650.640.82-0.30.410.570.760.370.260.280.760.450.660.330.52-0.92-0.920.77
0.940.89-0.120.730.840.90.80.410.290.96-0.53-0.110.710.760.490.440.580.970.20.610.210.74-0.61-0.610.64
0.630.250.040.820.580.490.170.440.340.58-0.70.10.840.370.490.070.250.630.290.660.10.87-0.22-0.220.15
0.460.240.120.510.380.340.240.070.020.4-0.61-0.140.470.260.440.070.260.490.020.590.010.45-0.2-0.2-0.03
0.460.540.070.440.290.390.54-0.38-0.170.48-0.39-0.410.440.280.580.250.260.57-0.350.270.20.440.020.020.15
0.980.8-0.010.870.880.90.690.450.360.97-0.67-0.060.850.760.970.630.490.570.260.740.20.87-0.57-0.570.54
0.390.210.360.350.520.510.120.850.540.39-0.090.230.350.450.20.290.02-0.350.260.270.140.27-0.43-0.430.35
0.790.340.30.90.80.670.130.480.590.69-0.760.410.880.660.610.660.590.270.740.270.110.84-0.52-0.520.16
0.170.45-0.210.150.110.190.420.040.120.17-0.060.090.090.330.210.10.010.20.20.140.110.06-0.26-0.260.44
0.850.430.10.980.770.710.320.430.370.8-0.840.00.980.520.740.870.450.440.870.270.840.06-0.32-0.320.18
-0.66-0.660.0-0.37-0.72-0.69-0.48-0.72-0.66-0.650.08-0.56-0.34-0.92-0.61-0.22-0.20.02-0.57-0.43-0.52-0.26-0.321.0-0.76
-0.66-0.660.0-0.37-0.72-0.69-0.48-0.72-0.66-0.650.08-0.56-0.34-0.92-0.61-0.22-0.20.02-0.57-0.43-0.52-0.26-0.321.0-0.76
0.560.83-0.140.220.550.660.750.510.30.63-0.030.10.180.770.640.15-0.030.150.540.350.160.440.18-0.76-0.76
Click cells to compare fundamentals

ConocoPhillips Account Relationship Matchups

ConocoPhillips fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets70.5B62.6B90.7B93.8B95.9B74.6B
Short Long Term Debt Total14.9B15.4B19.9B16.6B19.6B15.1B
Other Current Liab3.7B2.0B5.7B6.3B1.8B2.1B
Total Current Liabilities7.0B5.4B12.0B12.8B10.0B11.0B
Total Stockholder Equity35.0B29.8B45.4B48.0B49.3B32.3B
Property Plant And Equipment Net42.3B39.9B64.9B64.9B70.7B45.1B
Net Debt9.8B12.4B14.9B10.2B14.0B12.6B
Retained Earnings39.7B35.2B40.7B53.0B59.3B62.2B
Cash5.1B3.0B5.0B6.5B5.6B5.9B
Non Current Assets Total53.6B50.6B74.6B75.1B81.6B62.1B
Non Currrent Assets Other2.6B2.6B2.6B(4.2B)1.1B1.2B
Cash And Short Term Investments10.2B7.9B6.6B9.2B6.6B6.9B
Net Receivables3.4B2.8B6.7B7.1B5.5B5.9B
Common Stock Shares Outstanding1.1B1.1B1.3B1.3B1.2B1.1B
Liabilities And Stockholders Equity70.5B62.6B90.7B93.8B95.9B74.6B
Non Current Liabilities Total28.4B27.4B33.2B33.0B36.6B31.1B
Inventory1.0B1.0B1.2B1.2B1.4B2.0B
Other Current Assets2.3B454M1.6B1.2B852M1.4B
Other Stockholder Equity578M(164M)9.7B953M(4.3B)(4.1B)
Total Liab35.5B32.8B45.3B45.8B46.6B42.0B
Property Plant And Equipment Gross42.3B39.9B129.6B131.5B144.4B151.6B
Total Current Assets16.9B12.1B16.1B18.7B14.3B12.5B
Accumulated Other Comprehensive Income(5.4B)(5.2B)(5.0B)(6B)(5.7B)(6.0B)
Short Term Debt105M619M1.2B417M1.3B766.6M
Accounts Payable3.2B2.7B5.0B6.2B5.1B6.9B
Other Liab13.0B12.7B14.5B16.4B18.8B14.4B
Other Assets2.0B2.6B2.6B2.0B2.1B1.3B
Long Term Debt14.8B14.8B18.7B16.2B17.9B21.5B
Treasury Stock(46.4B)(47.3B)(50.9B)(60.2B)(54.2B)(51.5B)
Property Plant Equipment42.3B39.9B64.9B64.9B74.6B66.6B
Net Tangible Assets35.0B29.8B45.4B48.0B43.2B36.3B
Retained Earnings Total Equity39.7B35.2B40.7B53.0B61.0B42.7B
Short Term Investments5.1B4.9B1.6B2.8B971M1.9B
Long Term Debt Total14.8B14.8B18.7B16.2B14.6B16.1B
Capital Surpluse47.0B47.1B60.6B61.1B70.3B52.8B

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When determining whether ConocoPhillips is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if ConocoPhillips Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Conocophillips Stock. Highlighted below are key reports to facilitate an investment decision about Conocophillips Stock:
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.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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
8.83
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.