ConocoPhillips Income Statement Research

COP Stock

USD 129.38 1.57 1.23%

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 ConocoPhillips Valuation and ConocoPhillips Correlation analysis.

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 04/19/2024, Research Development is likely to grow to about 118.4 M, while Operating Income is likely to drop slightly above 10 B.

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 04/19/2024, Research Development is likely to grow to about 118.4 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

Cost Of Revenue Ebitda

ConocoPhillips income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.79	0.19	0.24	0.17	0.24	0.1	0.12	0.32	0.25	0.26	0.04	0.08	0.07	0.06	0.47	0.06	-0.07	0.29	-0.27	0.32	-0.01	0.06	-0.2	0.25
Interest Expense	0.79		0.01	-0.05	-0.14	-0.02	-0.18	-0.15	0.01	-0.02	-0.05	-0.18	-0.18	-0.13	-0.26	0.18	-0.01	-0.35	0.36	-0.45	0.46	0.1	-0.04	0.13	0.09
Selling General Administrative	0.19	0.01		0.48	0.62	0.42	0.66	0.64	0.65	0.43	0.36	0.61	0.08	0.6	0.57	0.09	-0.36	0.58	-0.2	0.52	-0.1	0.46	0.69	-0.16	0.27
Total Revenue	0.24	-0.05	0.48		0.92	0.99	0.61	0.67	0.69	0.99	0.95	0.61	0.44	0.54	0.69	0.47	0.04	0.47	-0.16	0.6	-0.28	-0.03	0.07	-0.19	0.2
Gross Profit	0.17	-0.14	0.62	0.92		0.86	0.86	0.9	0.9	0.87	0.78	0.86	0.51	0.81	0.9	0.37	-0.15	0.76	-0.35	0.63	-0.19	0.22	0.32	-0.12	0.35
Other Operating Expenses	0.24	-0.02	0.42	0.99	0.86		0.5	0.57	0.59	1.0	0.97	0.51	0.4	0.43	0.59	0.5	0.12	0.35	-0.09	0.57	-0.31	-0.12	-0.02	-0.22	0.14
Operating Income	0.1	-0.18	0.66	0.61	0.86	0.5		0.99	0.96	0.52	0.38	0.97	0.4	0.97	0.93	0.05	-0.42	0.96	-0.53	0.52	0.02	0.56	0.63	0.06	0.45
Ebit	0.12	-0.15	0.64	0.67	0.9	0.57	0.99		0.98	0.58	0.46	0.98	0.49	0.97	0.96	0.18	-0.34	0.93	-0.49	0.51	-0.02	0.47	0.54	0.01	0.43
Ebitda	0.32	0.01	0.65	0.69	0.9	0.59	0.96	0.98		0.61	0.49	0.95	0.48	0.94	0.93	0.27	-0.31	0.88	-0.41	0.43	0.05	0.44	0.53	-0.03	0.46
Cost Of Revenue	0.25	-0.02	0.43	0.99	0.87	1.0	0.52	0.58	0.61		0.97	0.52	0.4	0.44	0.6	0.49	0.1	0.37	-0.1	0.57	-0.3	-0.11	0.0	-0.21	0.15
Total Operating Expenses	0.26	-0.05	0.36	0.95	0.78	0.97	0.38	0.46	0.49	0.97		0.37	0.38	0.28	0.51	0.57	0.27	0.24	0.02	0.47	-0.44	-0.3	-0.12	-0.35	0.03
Income Before Tax	0.04	-0.18	0.61	0.61	0.86	0.51	0.97	0.98	0.95	0.52	0.37		0.55	0.99	0.95	0.12	-0.42	0.95	-0.62	0.55	0.06	0.54	0.54	0.11	0.45
Total Other Income Expense Net	0.08	-0.18	0.08	0.44	0.51	0.4	0.4	0.49	0.48	0.4	0.38	0.55		0.5	0.65	0.5	0.2	0.44	-0.53	0.22	-0.11	-0.14	-0.23	-0.11	0.1
Net Income	0.07	-0.13	0.6	0.54	0.81	0.43	0.97	0.97	0.94	0.44	0.28	0.99	0.5		0.91	0.08	-0.46	0.95	-0.6	0.51	0.16	0.61	0.58	0.16	0.48
Income Tax Expense	0.06	-0.26	0.57	0.69	0.9	0.59	0.93	0.96	0.93	0.6	0.51	0.95	0.65	0.91		0.26	-0.23	0.9	-0.57	0.5	-0.14	0.32	0.42	-0.08	0.35
Research Development	0.47	0.18	0.09	0.47	0.37	0.5	0.05	0.18	0.27	0.49	0.57	0.12	0.5	0.08	0.26		0.49	-0.04	0.33	-0.01	-0.21	-0.6	-0.32	-0.59	0.1
Minority Interest	0.06	-0.01	-0.36	0.04	-0.15	0.12	-0.42	-0.34	-0.31	0.1	0.27	-0.42	0.2	-0.46	-0.23	0.49		-0.44	0.47	-0.43	-0.57	-0.85	-0.78	-0.34	-0.62
Net Income From Continuing Ops	-0.07	-0.35	0.58	0.47	0.76	0.35	0.96	0.93	0.88	0.37	0.24	0.95	0.44	0.95	0.9	-0.04	-0.44		-0.63	0.56	0.03	0.57	0.6	0.09	0.46
Non Recurring	0.29	0.36	-0.2	-0.16	-0.35	-0.09	-0.53	-0.49	-0.41	-0.1	0.02	-0.62	-0.53	-0.6	-0.57	0.33	0.47	-0.63		-0.4	-0.14	-0.54	-0.36	-0.34	-0.14
Non Operating Income Net Other	-0.27	-0.45	0.52	0.6	0.63	0.57	0.52	0.51	0.43	0.57	0.47	0.55	0.22	0.51	0.5	-0.01	-0.43	0.56	-0.4		-0.04	0.29	0.31	0.0	0.52
Discontinued Operations	0.32	0.46	-0.1	-0.28	-0.19	-0.31	0.02	-0.02	0.05	-0.3	-0.44	0.06	-0.11	0.16	-0.14	-0.21	-0.57	0.03	-0.14	-0.04		0.52	0.19	0.57	0.43
Tax Provision	-0.01	0.1	0.46	-0.03	0.22	-0.12	0.56	0.47	0.44	-0.11	-0.3	0.54	-0.14	0.61	0.32	-0.6	-0.85	0.57	-0.54	0.29	0.52		0.78	0.58	0.38
Interest Income	0.06	-0.04	0.69	0.07	0.32	-0.02	0.63	0.54	0.53	0.0	-0.12	0.54	-0.23	0.58	0.42	-0.32	-0.78	0.6	-0.36	0.31	0.19	0.78		0.01	0.44
Net Interest Income	-0.2	0.13	-0.16	-0.19	-0.12	-0.22	0.06	0.01	-0.03	-0.21	-0.35	0.11	-0.11	0.16	-0.08	-0.59	-0.34	0.09	-0.34	0.0	0.57	0.58	0.01		-0.12
Reconciled Depreciation	0.25	0.09	0.27	0.2	0.35	0.14	0.45	0.43	0.46	0.15	0.03	0.45	0.1	0.48	0.35	0.1	-0.62	0.46	-0.14	0.52	0.43	0.38	0.44	-0.12

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ConocoPhillips Account Relationship Matchups

ConocoPhillips income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	1.1B	1.1B	1.1B	1.1B	1.2B	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
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
Income Before Tax	9.5B	(3.1B)	12.7B	28.2B	16.3B	17.1B
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	118.4M
Non Recurring	1.1B	2.3B	1.0B	552M	496.8M	472.0M
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)

Pair Trading with ConocoPhillips

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConocoPhillips position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConocoPhillips will appreciate offsetting losses from the drop in the long position's value.

Moving together with ConocoPhillips Stock

0.88	AR	Antero Resources Corp Earnings Call This Week	Pair Corr
0.91	PR	Permian Resources Financial Report 13th of May 2024	Pair Corr
0.95	SD	SandRidge Energy	Pair Corr
0.92	SM	SM Energy Financial Report 25th of April 2024	Pair Corr

Moving against ConocoPhillips Stock

0.68	EP	Empire Petroleum Corp Upward Rally	Pair Corr
0.68	VIVK	Vivakor Report 23rd of May 2024	Pair Corr

The ability to find closely correlated positions to ConocoPhillips could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConocoPhillips when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConocoPhillips - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConocoPhillips to buy it.

The correlation of ConocoPhillips is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConocoPhillips moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConocoPhillips moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ConocoPhillips can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

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:

How To Invest In ConocoPhillips

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Is ConocoPhillips Stock a good investment?

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What is ConocoPhillips' Net Worth?

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Check out ConocoPhillips Valuation and ConocoPhillips Correlation analysis.

To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.

You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary 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.

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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

(0.03)

Dividend Share

4.61

Earnings Share

9.06

Revenue Per Share

48.107

Quarterly Revenue Growth

(0.21)

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.

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ConocoPhillips Income Statement Research

ConocoPhillips income statement Correlations

ConocoPhillips Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ConocoPhillips income statement Accounts

Pair Trading with ConocoPhillips

Moving together with ConocoPhillips Stock

Moving against ConocoPhillips Stock

Complementary Tools for ConocoPhillips Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 1.0	Other Operating Expenses
Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Ebit	+ 0.99	Operating Income
Net Income	+ 0.99	Income Before Tax
Ebitda	+ 0.98	Ebit

Tax Provision	- 0.85	Minority Interest
Interest Income	- 0.78	Minority Interest
Non Recurring	- 0.63	Net Income From Continuing Ops
Reconciled Depreciation	- 0.62	Minority Interest
Non Recurring	- 0.62	Income Before Tax
Tax Provision	- 0.6	Research Development