Conocophillips Stock Net Income
| COP Stock | USD 127.81 0.52 0.41% |
ConocoPhillips fundamentals help investors to digest information that contributes to ConocoPhillips' financial success or failures. It also enables traders to predict the movement of ConocoPhillips Stock. The fundamental analysis module provides a way to measure ConocoPhillips' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ConocoPhillips stock.
| Last Reported | Projected for Next Year | ||
| Net Income | 10.9 B | 11.5 B | |
| Net Income Applicable To Common Shares | 16.8 B | 17.7 B | |
| Net Income From Continuing Ops | 11 B | 6.2 B | |
| Net Income Per Share | 9.11 | 9.57 | |
| Net Income Per E B T | 0.67 | 0.50 |
ConocoPhillips | Net Income |
ConocoPhillips Company Net Income Analysis
ConocoPhillips' Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current ConocoPhillips Net Income | 10.92 B |
Most of ConocoPhillips' fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ConocoPhillips is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ConocoPhillips Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for ConocoPhillips is extremely important. It helps to project a fair market value of ConocoPhillips Stock properly, considering its historical fundamentals such as Net Income. Since ConocoPhillips' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ConocoPhillips' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ConocoPhillips' interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
ConocoPhillips Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, ConocoPhillips reported net income of 10.92 B. This is 380.76% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net income for all United States stocks is significantly lower than that of the firm.
ConocoPhillips Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ConocoPhillips' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ConocoPhillips could also be used in its relative valuation, which is a method of valuing ConocoPhillips by comparing valuation metrics of similar companies.ConocoPhillips is currently under evaluation in net income category among related companies.
ConocoPhillips ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ConocoPhillips' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ConocoPhillips' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
ConocoPhillips Institutional Holders
Institutional Holdings refers to the ownership stake in ConocoPhillips that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ConocoPhillips' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ConocoPhillips' value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 17.6 M | Capital World Investors | 2023-12-31 | 15.6 M | Goldman Sachs Group Inc | 2023-12-31 | 14.9 M | Bank Of New York Mellon Corp | 2023-12-31 | 14.2 M | Eagle Capital Management Llc | 2023-12-31 | 13.3 M | Amvescap Plc. | 2023-12-31 | 13.3 M | Harris Associates L.p. | 2023-12-31 | 12.7 M | Northern Trust Corp | 2023-12-31 | 12.1 M | Dimensional Fund Advisors, Inc. | 2023-12-31 | 12 M | Vanguard Group Inc | 2023-12-31 | 109.8 M | Blackrock Inc | 2023-12-31 | 96.6 M |
ConocoPhillips Fundamentals
| Return On Equity | 0.23 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.19 % | ||||
| Operating Margin | 0.29 % | ||||
| Current Valuation | 163.38 B | ||||
| Shares Outstanding | 1.17 B | ||||
| Shares Owned By Insiders | 0.12 % | ||||
| Shares Owned By Institutions | 83.85 % | ||||
| Number Of Shares Shorted | 12.88 M | ||||
| Price To Earning | 9.12 X | ||||
| Price To Book | 3.12 X | ||||
| Price To Sales | 2.66 X | ||||
| Revenue | 56.05 B | ||||
| Gross Profit | 39.6 B | ||||
| EBITDA | 23.46 B | ||||
| Net Income | 10.92 B | ||||
| Cash And Equivalents | 6.46 B | ||||
| Cash Per Share | 8.36 X | ||||
| Total Debt | 19.63 B | ||||
| Debt To Equity | 0.34 % | ||||
| Current Ratio | 1.46 X | ||||
| Book Value Per Share | 41.83 X | ||||
| Cash Flow From Operations | 19.96 B | ||||
| Short Ratio | 2.15 X | ||||
| Earnings Per Share | 9.06 X | ||||
| Price To Earnings To Growth | 0.72 X | ||||
| Target Price | 140.56 | ||||
| Number Of Employees | 9.9 K | ||||
| Beta | 1.27 | ||||
| Market Capitalization | 149.68 B | ||||
| Total Asset | 95.92 B | ||||
| Retained Earnings | 59.27 B | ||||
| Working Capital | 4.33 B | ||||
| Current Asset | 8.79 B | ||||
| Current Liabilities | 9.26 B | ||||
| Annual Yield | 0.03 % | ||||
| Five Year Return | 2.50 % | ||||
| Net Asset | 95.92 B | ||||
| Last Dividend Paid | 4.61 |
About ConocoPhillips Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ConocoPhillips's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ConocoPhillips using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ConocoPhillips based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 | PairCorr |
| 0.91 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.95 | SD | SandRidge Energy | PairCorr |
| 0.92 | SM | SM Energy Earnings Call This Week | PairCorr |
Moving against ConocoPhillips Stock
| 0.68 | EP | Empire Petroleum Corp Downward Rally | PairCorr |
| 0.68 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
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.Check out ConocoPhillips Piotroski F Score and ConocoPhillips Altman Z Score analysis. To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.