Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

ConocoPhillips, adjustment to net income (loss) attributable to ConocoPhillips

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to ConocoPhillips (as reported) 9,245 10,957 18,680 8,079 (2,701)
Add: Unrealized holding gain (loss) on securities, net of tax 1 13 (11) (2) 2
Net income (loss) attributable to ConocoPhillips (adjusted) 9,246 10,970 18,669 8,077 (2,699)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

ConocoPhillips, adjusted profitability ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net Profit Margin
Reported net profit margin 16.89% 19.52% 23.80% 17.63% -14.38%
Adjusted net profit margin 16.89% 19.54% 23.78% 17.62% -14.37%
Return on Equity (ROE)
Reported ROE 14.27% 22.23% 38.91% 17.79% -9.05%
Adjusted ROE 14.27% 22.26% 38.89% 17.79% -9.04%
Return on Assets (ROA)
Reported ROA 7.53% 11.42% 19.91% 8.91% -4.31%
Adjusted ROA 7.53% 11.44% 19.90% 8.91% -4.31%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. ConocoPhillips adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. ConocoPhillips adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. ConocoPhillips adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

ConocoPhillips, Profitability Ratios: Reported vs. Adjusted

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Profitability Ratio
Net profit margin1 16.89% 19.52% 23.80% 17.63% -14.38%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to ConocoPhillips 9,246 10,970 18,669 8,077 (2,699)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Profitability Ratio
Adjusted net profit margin2 16.89% 19.54% 23.78% 17.62% -14.37%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 Net profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 9,245 ÷ 54,745 = 16.89%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 9,246 ÷ 54,745 = 16.89%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by revenue. ConocoPhillips adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Profitability Ratio
ROE1 14.27% 22.23% 38.91% 17.79% -9.05%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to ConocoPhillips 9,246 10,970 18,669 8,077 (2,699)
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Profitability Ratio
Adjusted ROE2 14.27% 22.26% 38.89% 17.79% -9.04%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROE = 100 × Net income (loss) attributable to ConocoPhillips ÷ Common stockholders’ equity
= 100 × 9,245 ÷ 64,796 = 14.27%

2 Adjusted ROE = 100 × Adjusted net income (loss) attributable to ConocoPhillips ÷ Common stockholders’ equity
= 100 × 9,246 ÷ 64,796 = 14.27%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. ConocoPhillips adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Total assets 122,780 95,924 93,829 90,661 62,618
Profitability Ratio
ROA1 7.53% 11.42% 19.91% 8.91% -4.31%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to ConocoPhillips 9,246 10,970 18,669 8,077 (2,699)
Total assets 122,780 95,924 93,829 90,661 62,618
Profitability Ratio
Adjusted ROA2 7.53% 11.44% 19.90% 8.91% -4.31%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 9,245 ÷ 122,780 = 7.53%

2 Adjusted ROA = 100 × Adjusted net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 9,246 ÷ 122,780 = 7.53%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. ConocoPhillips adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.