Stock Analysis on Net

ConocoPhillips (NYSE:COP)

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

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable 5,987 5,083 6,113 5,002 2,669
Accounts payable, related parties 57 34 50 23 29
Short-term debt 1,035 1,074 417 1,200 619
Accrued income and other taxes 2,460 1,811 3,193 2,862 320
Employee benefit obligations 1,087 774 728 755 608
Other accruals 1,498 1,229 2,346 2,179 1,121
Current liabilities 12,124 10,005 12,847 12,021 5,366
Long-term debt 23,289 17,863 16,226 18,734 14,750
Asset retirement obligations and accrued environmental costs 8,089 7,220 6,401 5,754 5,430
Deferred income taxes 11,426 8,813 7,726 6,179 3,747
Employee benefit obligations 1,022 1,009 1,074 1,153 1,697
Other liabilities and deferred credits 2,034 1,735 1,552 1,414 1,779
Noncurrent liabilities 45,860 36,640 32,979 33,234 27,403
Total liabilities 57,984 46,645 45,826 45,255 32,769
Common stock, $0.01 par value 23 21 21 21 18
Capital in excess of par 77,529 61,303 61,142 60,581 47,133
Treasury stock, at cost (71,152) (65,640) (60,189) (50,920) (47,297)
Accumulated other comprehensive loss (6,473) (5,673) (6,000) (4,950) (5,218)
Retained earnings 64,869 59,268 53,029 40,674 35,213
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Noncontrolling interests
Total equity 64,796 49,279 48,003 45,406 29,849
Total liabilities and equity 122,780 95,924 93,829 90,661 62,618

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).

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 decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. ConocoPhillips noncurrent liabilities increased from 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.
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 2022 to 2023 and from 2023 to 2024.