Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

ConocoPhillips, adjusted financial ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.45 0.59 0.84 0.51 0.30
Adjusted 0.45 0.59 0.84 0.51 0.30
Liquidity Ratio
Current Ratio
Reported 1.29 1.43 1.46 1.34 2.25
Adjusted 1.30 1.44 1.47 1.36 2.27
Solvency Ratios
Debt to Equity
Reported 0.38 0.38 0.35 0.44 0.51
Adjusted 0.33 0.34 0.31 0.40 0.48
Debt to Capital
Reported 0.27 0.28 0.26 0.31 0.34
Adjusted 0.25 0.25 0.24 0.29 0.33
Financial Leverage
Reported 1.89 1.95 1.95 2.00 2.10
Adjusted 1.61 1.65 1.68 1.76 1.87
Profitability Ratios
Net Profit Margin
Reported 16.89% 19.52% 23.80% 17.63% -14.38%
Adjusted 16.14% 22.04% 24.99% 21.50% -18.24%
Return on Equity (ROE)
Reported 14.27% 22.23% 38.91% 17.79% -9.05%
Adjusted 11.61% 21.35% 35.25% 19.14% -10.28%
Return on Assets (ROA)
Reported 7.53% 11.42% 19.91% 8.91% -4.31%
Adjusted 7.20% 12.92% 20.92% 10.88% -5.50%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. ConocoPhillips adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. ConocoPhillips adjusted current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. ConocoPhillips adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. ConocoPhillips adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 ConocoPhillips adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. ConocoPhillips adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. ConocoPhillips adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. ConocoPhillips adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

ConocoPhillips, Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Total assets 122,780 95,924 93,829 90,661 62,618
Activity Ratio
Total asset turnover1 0.45 0.59 0.84 0.51 0.30
Adjusted
Selected Financial Data (US$ in millions)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Adjusted total assets2 122,670 95,763 93,739 90,574 62,346
Activity Ratio
Adjusted total asset turnover3 0.45 0.59 0.84 0.51 0.30

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 2024 Calculation
Total asset turnover = Sales and other operating revenues ÷ Total assets
= 54,745 ÷ 122,780 = 0.45

2 Adjusted total assets. See details »

3 2024 Calculation
Adjusted total asset turnover = Sales and other operating revenues ÷ Adjusted total assets
= 54,745 ÷ 122,670 = 0.45

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. ConocoPhillips adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Current assets 15,647 14,330 18,749 16,050 12,066
Current liabilities 12,124 10,005 12,847 12,021 5,366
Liquidity Ratio
Current ratio1 1.29 1.43 1.46 1.34 2.25
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 15,767 14,424 18,900 16,303 12,157
Current liabilities 12,124 10,005 12,847 12,021 5,366
Liquidity Ratio
Adjusted current ratio3 1.30 1.44 1.47 1.36 2.27

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 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 15,647 ÷ 12,124 = 1.29

2 Adjusted current assets. See details »

3 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 15,767 ÷ 12,124 = 1.30

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. ConocoPhillips adjusted current ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 24,324 18,937 16,643 19,934 15,369
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Solvency Ratio
Debt to equity1 0.38 0.38 0.35 0.44 0.51
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 25,348 19,634 17,188 20,601 16,154
Adjusted total equity3 76,112 57,931 55,639 51,498 33,324
Solvency Ratio
Adjusted debt to equity4 0.33 0.34 0.31 0.40 0.48

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 2024 Calculation
Debt to equity = Total debt ÷ Common stockholders’ equity
= 24,324 ÷ 64,796 = 0.38

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 25,348 ÷ 76,112 = 0.33

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. ConocoPhillips adjusted debt-to-equity ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 24,324 18,937 16,643 19,934 15,369
Total capital 89,120 68,216 64,646 65,340 45,218
Solvency Ratio
Debt to capital1 0.27 0.28 0.26 0.31 0.34
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 25,348 19,634 17,188 20,601 16,154
Adjusted total capital3 101,460 77,565 72,827 72,099 49,478
Solvency Ratio
Adjusted debt to capital4 0.25 0.25 0.24 0.29 0.33

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 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 24,324 ÷ 89,120 = 0.27

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 25,348 ÷ 101,460 = 0.25

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. ConocoPhillips adjusted debt-to-capital ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 122,780 95,924 93,829 90,661 62,618
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Solvency Ratio
Financial leverage1 1.89 1.95 1.95 2.00 2.10
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 122,670 95,763 93,739 90,574 62,346
Adjusted total equity3 76,112 57,931 55,639 51,498 33,324
Solvency Ratio
Adjusted financial leverage4 1.61 1.65 1.68 1.76 1.87

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 2024 Calculation
Financial leverage = Total assets ÷ Common stockholders’ equity
= 122,780 ÷ 64,796 = 1.89

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 122,670 ÷ 76,112 = 1.61

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 ConocoPhillips adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Profitability Ratio
Net profit margin1 16.89% 19.52% 23.80% 17.63% -14.38%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 8,838 12,371 19,614 9,855 (3,427)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Profitability Ratio
Adjusted net profit margin3 16.14% 22.04% 24.99% 21.50% -18.24%

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 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 9,245 ÷ 54,745 = 16.89%

2 Adjusted net income (loss). See details »

3 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Sales and other operating revenues
= 100 × 8,838 ÷ 54,745 = 16.14%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. ConocoPhillips adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Profitability Ratio
ROE1 14.27% 22.23% 38.91% 17.79% -9.05%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 8,838 12,371 19,614 9,855 (3,427)
Adjusted total equity3 76,112 57,931 55,639 51,498 33,324
Profitability Ratio
Adjusted ROE4 11.61% 21.35% 35.25% 19.14% -10.28%

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 2024 Calculation
ROE = 100 × Net income (loss) attributable to ConocoPhillips ÷ Common stockholders’ equity
= 100 × 9,245 ÷ 64,796 = 14.27%

2 Adjusted net income (loss). See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total equity
= 100 × 8,838 ÷ 76,112 = 11.61%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. ConocoPhillips adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 9,245 10,957 18,680 8,079 (2,701)
Total assets 122,780 95,924 93,829 90,661 62,618
Profitability Ratio
ROA1 7.53% 11.42% 19.91% 8.91% -4.31%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 8,838 12,371 19,614 9,855 (3,427)
Adjusted total assets3 122,670 95,763 93,739 90,574 62,346
Profitability Ratio
Adjusted ROA4 7.20% 12.92% 20.92% 10.88% -5.50%

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 2024 Calculation
ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 9,245 ÷ 122,780 = 7.53%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 8,838 ÷ 122,670 = 7.20%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. ConocoPhillips adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.