Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

ConocoPhillips, consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	5,083)	6,113)	5,002)	2,669)	3,176)
Accounts payable, related parties	34)	50)	23)	29)	24)
Short-term debt	1,074)	417)	1,200)	619)	105)
Accrued income and other taxes	1,811)	3,193)	2,862)	320)	1,030)
Employee benefit obligations	774)	728)	755)	608)	663)
Other accruals	1,229)	2,346)	2,179)	1,121)	2,045)
Current liabilities	10,005)	12,847)	12,021)	5,366)	7,043)
Long-term debt	17,863)	16,226)	18,734)	14,750)	14,790)
Asset retirement obligations and accrued environmental costs	7,220)	6,401)	5,754)	5,430)	5,352)
Deferred income taxes	8,813)	7,726)	6,179)	3,747)	4,634)
Employee benefit obligations	1,009)	1,074)	1,153)	1,697)	1,781)
Other liabilities and deferred credits	1,735)	1,552)	1,414)	1,779)	1,864)
Noncurrent liabilities	36,640)	32,979)	33,234)	27,403)	28,421)
Total liabilities	46,645)	45,826)	45,255)	32,769)	35,464)
Common stock, $0.01 par value	21)	21)	21)	18)	18)
Capital in excess of par	61,303)	61,142)	60,581)	47,133)	46,983)
Treasury stock, at cost	(65,640)	(60,189)	(50,920)	(47,297)	(46,405)
Accumulated other comprehensive loss	(5,673)	(6,000)	(4,950)	(5,218)	(5,357)
Retained earnings	59,268)	53,029)	40,674)	35,213)	39,742)
Common stockholders’ equity	49,279)	48,003)	45,406)	29,849)	34,981)
Noncontrolling interests	—)	—)	—)	—)	69)
Total equity	49,279)	48,003)	45,406)	29,849)	35,050)
Total liabilities and equity	95,924)	93,829)	90,661)	62,618)	70,514)

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).

Download chart

Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	ConocoPhillips current liabilities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	ConocoPhillips noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	ConocoPhillips total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Common stockholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	ConocoPhillips common stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

ConocoPhillips (NYSE:COP)

Balance Sheet: Liabilities and Stockholders’ Equity