ConocoPhillips Operating Income from 2010 to 2024
| COP Stock | USD 130.25 0.95 0.72% |
Operating Income | First Reported 1985-09-30 | Previous Quarter 7.3 B | Current Value 4 B | Quarterly Volatility 4.1 B |
Check ConocoPhillips financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ConocoPhillips main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.8 B, Interest Expense of 1.3 B or Selling General Administrative of 1.3 B, as well as many exotic indicators such as Price To Sales Ratio of 2.62, Dividend Yield of 0.0424 or PTB Ratio of 2.97. ConocoPhillips financial statements analysis is a perfect complement when working with ConocoPhillips Valuation or Volatility modules.
ConocoPhillips | Operating Income |
Latest ConocoPhillips' Operating Income Growth Pattern
Below is the plot of the Operating Income of ConocoPhillips over the last few years. Operating Income is the amount of profit realized from ConocoPhillips operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of ConocoPhillips is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. ConocoPhillips' Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ConocoPhillips' overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
ConocoPhillips Operating Income Regression Statistics
| Arithmetic Mean | 8,782,414,017 | |
| Coefficient Of Variation | 104.17 | |
| Mean Deviation | 6,788,331,214 | |
| Median | 9,136,000,000 | |
| Standard Deviation | 9,148,897,025 | |
| Sample Variance | 83702316.8T | |
| Range | 33.1B | |
| R-Value | 0.20 | |
| Mean Square Error | 86358194T | |
| R-Squared | 0.04 | |
| Significance | 0.46 | |
| Slope | 419,080,256 | |
| Total Sum of Squares | 1171832434.9T |
ConocoPhillips Operating Income History
Other Fundumenentals of ConocoPhillips
ConocoPhillips Operating Income component correlations
Click cells to compare fundamentals
About ConocoPhillips Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include ConocoPhillips income statement, its balance sheet, and the statement of cash flows. ConocoPhillips investors use historical funamental indicators, such as ConocoPhillips's Operating Income, to determine how well the company is positioned to perform in the future. Although ConocoPhillips investors may use each financial statement separately, they are all related. The changes in ConocoPhillips's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ConocoPhillips's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on ConocoPhillips Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ConocoPhillips. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Operating Income | 15 B | 10 B | |
| Non Operating Income Net Other | 3 B | 3.1 B |
ConocoPhillips Investors Sentiment
The influence of ConocoPhillips' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ConocoPhillips. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ConocoPhillips' public news can be used to forecast risks associated with an investment in ConocoPhillips. The trend in average sentiment can be used to explain how an investor holding ConocoPhillips can time the market purely based on public headlines and social activities around ConocoPhillips. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ConocoPhillips' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ConocoPhillips' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ConocoPhillips' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ConocoPhillips.
ConocoPhillips Implied Volatility | 72.63 |
ConocoPhillips' implied volatility exposes the market's sentiment of ConocoPhillips stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ConocoPhillips' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ConocoPhillips stock will not fluctuate a lot when ConocoPhillips' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ConocoPhillips in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ConocoPhillips' short interest history, or implied volatility extrapolated from ConocoPhillips options trading.
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
| 0.87 | AR | Antero Resources Corp Financial Report 24th of April 2024 | PairCorr |
| 0.9 | PR | Permian Resources Sell-off Trend | PairCorr |
| 0.94 | SD | SandRidge Energy | PairCorr |
| 0.92 | SM | SM Energy Financial Report 25th of April 2024 | PairCorr |
Moving against ConocoPhillips Stock
| 0.73 | VIVK | Vivakor Report 23rd of May 2024 | PairCorr |
| 0.62 | EP | Empire Petroleum Corp | 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 the analysis of ConocoPhillips Correlation against competitors. To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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 9.07 | 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.