Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Market Value Added (MVA)

Microsoft Excel

Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.


MVA

ConocoPhillips, MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of debt, including finance leases1 23,937 19,750 16,865 23,712 19,997
Operating lease liability 1,024 697 545 667 785
Market value of common equity 123,993 130,581 132,067 118,465 66,179
Noncontrolling interests
Less: Marketable securities 1,562 1,960 3,307 694 3,826
Market (fair) value of ConocoPhillips 147,392 149,068 146,170 142,150 83,135
Less: Invested capital2 106,371 81,278 75,520 76,355 50,870
MVA 41,021 67,790 70,650 65,795 32,265

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).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA ConocoPhillips market (fair) value less invested capital. ConocoPhillips MVA decreased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

ConocoPhillips, MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 41,021 67,790 70,650 65,795 32,265
Invested capital2 106,371 81,278 75,520 76,355 50,870
Performance Ratio
MVA spread ratio3 38.56% 83.41% 93.55% 86.17% 63.43%
Benchmarks
MVA Spread Ratio, Competitors4
Chevron Corp. 46.44% 47.11% 57.71% 54.49% 25.83%
Exxon Mobil Corp. 39.78% 51.74% 67.23% 42.25% 18.54%
Occidental Petroleum Corp. 18.74% 37.27% 44.52% 34.32% 9.79%

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).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 41,021 ÷ 106,371 = 38.56%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. ConocoPhillips MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

MVA Margin

ConocoPhillips, MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 41,021 67,790 70,650 65,795 32,265
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Performance Ratio
MVA margin2 74.93% 120.75% 90.01% 143.57% 171.77%
Benchmarks
MVA Margin, Competitors3
Chevron Corp. 50.04% 50.80% 51.99% 67.80% 53.96%
Exxon Mobil Corp. 44.44% 47.49% 50.09% 41.64% 28.44%
Occidental Petroleum Corp. 46.91% 75.01% 68.42% 76.78% 34.78%

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).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Sales and other operating revenues
= 100 × 41,021 ÷ 54,745 = 74.93%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. ConocoPhillips MVA margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.