Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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ConocoPhillips pages available for free this week:
- Income Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Aggregate Accruals
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ConocoPhillips, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Cash and Cash Equivalents
- The cash and cash equivalents showed significant fluctuations over the observed periods. Beginning at $3.9 billion in March 2020, the balance dipped in subsequent quarters, reaching early lows in September 2020. Noticeable spikes occurred in June and September 2021, where cash levels rose above $9.8 billion before declining again. More recently, cash balances stabilized around the $5.2 to $6.3 billion range by early 2025, indicating a somewhat volatile but recovering liquidity position.
- Short-term Investments
- Short-term investments exhibited volatility with a downward trend from 2020 throughout the middle of 2021, reaching a low below $700 million in late 2021. A recovery phase followed through 2022, with values rising above $2.7 billion before declining again in 2023 and early 2024. The latest quarter shows a modest increase again, suggesting periodic liquidity allocation adjustments into short-term securities.
- Accounts and Notes Receivable, Net
- This category demonstrated a strong upward trend from $2.3 billion in early 2020 to a peak of over $8.1 billion in mid-2022, reflecting a possible increase in sales or credit extended to customers. A subsequent decline occurred in late 2022 into 2023 with values tapering to around $4.5 to $5.7 billion, followed by a slight bounce back in the first quarter of 2025. The fluctuations may relate to operational cycles or payment collection patterns.
- Investment in Cenovus Energy
- Available data for this investment is limited to 2020 and 2021, with values rising from $420 million in early 2020 to a peak near $1.8 billion mid-2021, followed by a decrease to approximately $1.1 billion by the end of 2021. This suggests a strategic build-up followed by partial divestment or valuation adjustments within this timeframe.
- Inventories
- Inventory levels gradually increased from $726 million in early 2020 to $1.8 billion in early 2025. The trend reflects steady accumulation over the years, with modest seasonal or cyclical ups and downs but an overall rising trajectory consistent with expansion or increased production and stockpiling.
- Prepaid Expenses and Other Current Assets
- These assets decreased sharply in the first half of 2020, falling from $2 billion to under $700 million, followed by recovery and volatility in subsequent periods. Since 2021, the range largely fluctuated between $700 million and $1.4 billion without a clear long-term directional trend, suggesting varied timing in prepayments and other current assets management.
- Current Assets
- Current assets initially hovered around $11 billion in early 2020 but showed substantial growth peaking near $20 billion in mid-2021, indicating improved liquidity or working capital expansion. This was followed by a decline and fluctuations, with recent quarters settling near $15.7 billion, reflecting adjustments in operating cash, receivables, and inventory components.
- Investments and Long-Term Receivables
- This category remained relatively stable, fluctuating around $8 to $10 billion. Minor variability reflects a consistent investment strategy or receivable portfolio over time without marked expansion or contraction.
- Loans and Advances, Related Parties
- Data available only through mid-2021 indicates a declining trend from $167 million to $59 million, suggesting repayment or reduced exposure in related-party lending during this period. No further data is present to comment beyond that.
- Net Properties, Plants and Equipment (PP&E), Net of Accumulated DD&A
- This asset class showed a strong increase from approximately $41 billion in 2020 to over $94 billion in early 2025, indicating significant capital investments or acquisitions. Minor dips in intermediate quarters fell within normal operational asset base adjustments, but the clear long-term trend is fixed asset growth aligned with business expansion.
- Other Assets
- Other assets remained relatively steady, with a moderate upward trajectory from $2.4 billion in early 2020 to around $3 billion in early 2025. This suggests stable miscellaneous asset holdings with minor increases possibly related to intangible or deferred assets.
- Noncurrent Assets
- Noncurrent assets followed a pattern similar to PP&E, increasing from roughly $52 billion in 2020 to over $107 billion by early 2025. This underscores significant growth in fixed, intangible, or long-term investment assets over the period.
- Total Assets
- Total assets initially hovered near $65 billion in early 2020, then declined slightly before rising sharply through 2021 and beyond, culminating near $124 billion in early 2025. The substantial increase reflects overall growth, particularly driven by increases in PP&E and noncurrent assets, and fluctuations in current asset management.