Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Common-Size Income Statement

ConocoPhillips, common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales and other operating revenues 100.00 100.00 100.00 100.00 100.00
Equity in earnings of affiliates 3.06 2.65 1.82 2.30 2.39
Gain on dispositions 0.41 1.37 1.06 2.92 6.04
Interest income 0.73 0.25 0.07 0.53 0.51
Gain (loss) on investment in Cenovus Energy 0.00 0.32 2.27 -4.55 1.99
Other, net 0.13 0.07 0.28 1.31 1.67
Other income (loss) 0.86% 0.64% 2.63% -2.71% 4.17%
Revenues and other income 104.33% 104.67% 105.50% 102.51% 112.60%
Purchased commodities -39.14 -43.28 -39.62 -43.00 -36.36
Production and operating expenses -13.70 -8.93 -12.42 -23.13 -16.34
Selling, general and administrative expenses -1.26 -0.79 -1.57 -2.29 -1.71
Exploration expenses -0.71 -0.72 -0.75 -7.76 -2.28
Depreciation, depletion and amortization -14.73 -9.56 -15.73 -29.39 -18.70
Impairments -0.02 0.02 -1.47 -4.33 -1.24
Taxes other than income taxes -3.69 -4.29 -3.57 -4.01 -2.93
Accretion on discounted liabilities -0.50 -0.32 -0.53 -1.34 -1.00
Operating income (loss) 30.57% 36.80% 29.84% -12.74% 32.04%
Interest and debt expense -1.39 -1.03 -1.93 -4.29 -2.39
Foreign currency transaction gain (loss) -0.16 0.13 0.05 0.38 -0.20
Other expenses 0.00 0.06 -0.22 -0.07 -0.20
Income (loss) before income taxes 29.01% 35.96% 27.74% -16.72% 29.24%
Income tax (provision) benefit -9.50 -12.16 -10.11 2.58 -6.96
Net income (loss) 19.52% 23.80% 17.63% -14.13% 22.28%
Net income attributable to noncontrolling interests 0.00 0.00 0.00 -0.24 -0.21
Net income (loss) attributable to ConocoPhillips 19.52% 23.80% 17.63% -14.38% 22.07%

Based on: 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), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. ConocoPhillips operating income (loss) as a percentage of sales and other operating revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ConocoPhillips income (loss) before income taxes as a percentage of sales and other operating revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income (loss) attributable to ConocoPhillips The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ConocoPhillips net income (loss) attributable to ConocoPhillips as a percentage of sales and other operating revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.