ConocoPhillips Historical Income Statement

COP Stock  USD 126.84  0.85  0.67%   
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.
 
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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.
  
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.

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 03/28/2024, Research Development is likely to grow to about 118.4 M, while Operating Income is likely to drop slightly above 10 B.

Total Revenue

Total revenue comprises all receipts ConocoPhillips generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ConocoPhillips. It is also known as ConocoPhillips overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
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 03/28/2024, 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 Revenue31.1B48.5B38.2B51.0B
EBITDA21.2B35.6B23.5B17.6B

ConocoPhillips income statement Correlations

0.790.190.240.170.240.10.120.320.250.260.040.080.070.060.470.06-0.070.29-0.270.32-0.010.06-0.20.25
0.790.01-0.05-0.14-0.02-0.18-0.150.01-0.02-0.05-0.18-0.18-0.13-0.260.18-0.01-0.350.36-0.450.460.1-0.040.130.09
0.190.010.480.620.420.660.640.650.430.360.610.080.60.570.09-0.360.58-0.20.52-0.10.460.69-0.160.27
0.24-0.050.480.920.990.610.670.690.990.950.610.440.540.690.470.040.47-0.160.6-0.28-0.030.07-0.190.2
0.17-0.140.620.920.860.860.90.90.870.780.860.510.810.90.37-0.150.76-0.350.63-0.190.220.32-0.120.35
0.24-0.020.420.990.860.50.570.591.00.970.510.40.430.590.50.120.35-0.090.57-0.31-0.12-0.02-0.220.14
0.1-0.180.660.610.860.50.990.960.520.380.970.40.970.930.05-0.420.96-0.530.520.020.560.630.060.45
0.12-0.150.640.670.90.570.990.980.580.460.980.490.970.960.18-0.340.93-0.490.51-0.020.470.540.010.43
0.320.010.650.690.90.590.960.980.610.490.950.480.940.930.27-0.310.88-0.410.430.050.440.53-0.030.46
0.25-0.020.430.990.871.00.520.580.610.970.520.40.440.60.490.10.37-0.10.57-0.3-0.110.0-0.210.15
0.26-0.050.360.950.780.970.380.460.490.970.370.380.280.510.570.270.240.020.47-0.44-0.3-0.12-0.350.03
0.04-0.180.610.610.860.510.970.980.950.520.370.550.990.950.12-0.420.95-0.620.550.060.540.540.110.45
0.08-0.180.080.440.510.40.40.490.480.40.380.550.50.650.50.20.44-0.530.22-0.11-0.14-0.23-0.110.1
0.07-0.130.60.540.810.430.970.970.940.440.280.990.50.910.08-0.460.95-0.60.510.160.610.580.160.48
0.06-0.260.570.690.90.590.930.960.930.60.510.950.650.910.26-0.230.9-0.570.5-0.140.320.42-0.080.35
0.470.180.090.470.370.50.050.180.270.490.570.120.50.080.260.49-0.040.33-0.01-0.21-0.6-0.32-0.590.1
0.06-0.01-0.360.04-0.150.12-0.42-0.34-0.310.10.27-0.420.2-0.46-0.230.49-0.440.47-0.43-0.57-0.85-0.78-0.34-0.62
-0.07-0.350.580.470.760.350.960.930.880.370.240.950.440.950.9-0.04-0.44-0.630.560.030.570.60.090.46
0.290.36-0.2-0.16-0.35-0.09-0.53-0.49-0.41-0.10.02-0.62-0.53-0.6-0.570.330.47-0.63-0.4-0.14-0.54-0.36-0.34-0.14
-0.27-0.450.520.60.630.570.520.510.430.570.470.550.220.510.5-0.01-0.430.56-0.4-0.040.290.310.00.52
0.320.46-0.1-0.28-0.19-0.310.02-0.020.05-0.3-0.440.06-0.110.16-0.14-0.21-0.570.03-0.14-0.040.520.190.570.43
-0.010.10.46-0.030.22-0.120.560.470.44-0.11-0.30.54-0.140.610.32-0.6-0.850.57-0.540.290.520.780.580.38
0.06-0.040.690.070.32-0.020.630.540.530.0-0.120.54-0.230.580.42-0.32-0.780.6-0.360.310.190.780.010.44
-0.20.13-0.16-0.19-0.12-0.220.060.01-0.03-0.21-0.350.11-0.110.16-0.08-0.59-0.340.09-0.340.00.570.580.01-0.12
0.250.090.270.20.350.140.450.430.460.150.030.450.10.480.350.1-0.620.46-0.140.520.430.380.44-0.12
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ConocoPhillips Account Relationship Matchups

ConocoPhillips income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization6.1B5.5B7.2B7.5B8.4B4.8B
Interest Expense1.1B1.1B1.1B1.1B1.2B1.3B
Selling General Administrative556M1.2B719M4.0B705M1.3B
Total Revenue32.6B18.8B45.8B78.5B56.1B68.6B
Gross Profit9.3B841M14.8B30.0B17.8B17.6B
Other Operating Expenses25.5B20.6B33.8B53.0B41.0B58.5B
Operating Income9.1B(1.9B)14.0B28.1B15.0B10.0B
Ebit9.1B(1.9B)14.0B28.1B15.0B12.8B
Ebitda15.2B3.6B21.2B35.6B23.5B17.6B
Cost Of Revenue23.3B17.9B31.1B48.5B38.2B51.0B
Total Operating Expenses2.3B2.6B2.7B4.6B2.8B2.6B
Income Before Tax9.5B(3.1B)12.7B28.2B16.3B17.1B
Total Other Income Expense Net391M(1.3B)(1.3B)134M1.3B1.3B
Net Income7.2B(2.7B)8.1B18.7B11.0B11.5B
Income Tax Expense2.3B(485M)4.6B9.5B5.3B3.7B
Research Development82M75M62M71M81M118.4M
Net Income Applicable To Common Shares7.2B(2.7B)8.1B18.7B16.8B17.7B
Net Income From Continuing Ops7.3B(2.7B)8.1B18.7B11.0B6.2B
Non Recurring1.1B2.3B1.0B552M496.8M472.0M
Non Operating Income Net Other(131M)59M(80M)3.3B3.0B3.1B
Tax Provision2.3B(485M)4.6B9.5B5.3B5.6B
Interest Income166M302M1.0B1.4B412M451M
Net Interest Income(612M)(806M)(1.1B)(1.1B)(651M)(683.6M)
Reconciled Depreciation6.1B5.5B7.3B7.5B8.3B7.5B

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

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Moving against ConocoPhillips Stock

  0.49AETUF ARC ResourcesPairCorr
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 CorrelationCorrelation 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:
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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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.