Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

ConocoPhillips, solvency ratios (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Debt Ratios
Debt to equity 0.38 0.37 0.37 0.37 0.38 0.40 0.35 0.35 0.35 0.35 0.34 0.38 0.44 0.45 0.45 0.46 0.51 0.50 0.48 0.48
Debt to capital 0.27 0.27 0.27 0.27 0.28 0.29 0.26 0.26 0.26 0.26 0.25 0.28 0.31 0.31 0.31 0.32 0.34 0.33 0.32 0.32
Debt to assets 0.20 0.19 0.19 0.19 0.20 0.20 0.18 0.18 0.18 0.18 0.18 0.20 0.22 0.23 0.23 0.24 0.25 0.24 0.24 0.23
Financial leverage 1.89 1.94 1.93 1.93 1.95 1.96 1.89 1.91 1.95 1.93 1.87 1.90 2.00 1.98 1.93 1.94 2.10 2.05 2.00 2.08
Coverage Ratios
Interest coverage 18.46 19.45 20.40 20.49 21.88 24.35 28.69 33.08 36.07 33.30 28.10 22.60 15.38 9.41 4.77 1.17 -2.90

Based on: 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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. ConocoPhillips debt to equity ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. ConocoPhillips debt to capital ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. ConocoPhillips debt to assets ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. ConocoPhillips financial leverage ratio increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. ConocoPhillips interest coverage ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Debt to Equity

ConocoPhillips, debt to equity calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Short-term debt 1,035 1,314 1,312 1,113 1,074 881 879 1,317 417 664 676 1,160 1,200 920 1,205 689 619 482 146 126
Long-term debt 23,289 16,990 17,040 17,304 17,863 18,182 15,565 15,266 16,226 16,297 16,295 17,586 18,734 18,748 18,805 19,338 14,750 14,905 14,852 14,847
Total debt 24,324 18,304 18,352 18,417 18,937 19,063 16,444 16,583 16,643 16,961 16,971 18,746 19,934 19,668 20,010 20,027 15,369 15,387 14,998 14,973
 
Common stockholders’ equity 64,796 49,881 49,745 49,325 49,279 47,745 47,531 47,783 48,003 49,079 50,202 49,218 45,406 44,115 44,276 43,155 29,849 30,783 31,493 31,315
Solvency Ratio
Debt to equity1 0.38 0.37 0.37 0.37 0.38 0.40 0.35 0.35 0.35 0.35 0.34 0.38 0.44 0.45 0.45 0.46 0.51 0.50 0.48 0.48
Benchmarks
Debt to Equity, Competitors2
Chevron Corp. 0.16 0.17 0.15 0.14 0.13 0.12 0.14 0.15 0.15 0.15 0.17 0.20 0.23 0.27 0.32 0.34 0.34 0.26 0.25 0.22
Exxon Mobil Corp. 0.16 0.16 0.16 0.20 0.20 0.21 0.21 0.21 0.21 0.24 0.26 0.28 0.28 0.35 0.38 0.40 0.43 0.39 0.39 0.33
Occidental Petroleum Corp. 0.76 0.77 0.62 0.64 0.65 0.68 0.68 0.67 0.66 0.73 0.80 1.06 1.46 1.68 1.97 1.97 1.95 1.94 1.65 1.23

Based on: 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).

1 Q4 2024 Calculation
Debt to equity = Total debt ÷ Common stockholders’ equity
= 24,324 ÷ 64,796 = 0.38

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. ConocoPhillips debt to equity ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Debt to Capital

ConocoPhillips, debt to capital calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Short-term debt 1,035 1,314 1,312 1,113 1,074 881 879 1,317 417 664 676 1,160 1,200 920 1,205 689 619 482 146 126
Long-term debt 23,289 16,990 17,040 17,304 17,863 18,182 15,565 15,266 16,226 16,297 16,295 17,586 18,734 18,748 18,805 19,338 14,750 14,905 14,852 14,847
Total debt 24,324 18,304 18,352 18,417 18,937 19,063 16,444 16,583 16,643 16,961 16,971 18,746 19,934 19,668 20,010 20,027 15,369 15,387 14,998 14,973
Common stockholders’ equity 64,796 49,881 49,745 49,325 49,279 47,745 47,531 47,783 48,003 49,079 50,202 49,218 45,406 44,115 44,276 43,155 29,849 30,783 31,493 31,315
Total capital 89,120 68,185 68,097 67,742 68,216 66,808 63,975 64,366 64,646 66,040 67,173 67,964 65,340 63,783 64,286 63,182 45,218 46,170 46,491 46,288
Solvency Ratio
Debt to capital1 0.27 0.27 0.27 0.27 0.28 0.29 0.26 0.26 0.26 0.26 0.25 0.28 0.31 0.31 0.31 0.32 0.34 0.33 0.32 0.32
Benchmarks
Debt to Capital, Competitors2
Chevron Corp. 0.14 0.14 0.13 0.12 0.11 0.11 0.12 0.13 0.13 0.13 0.15 0.17 0.18 0.22 0.24 0.26 0.25 0.21 0.20 0.18
Exxon Mobil Corp. 0.14 0.14 0.14 0.16 0.17 0.17 0.17 0.17 0.17 0.20 0.21 0.22 0.22 0.26 0.28 0.29 0.30 0.28 0.28 0.25
Occidental Petroleum Corp. 0.43 0.43 0.38 0.39 0.39 0.40 0.41 0.40 0.40 0.42 0.44 0.51 0.59 0.63 0.66 0.66 0.66 0.66 0.62 0.55

Based on: 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).

1 Q4 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 24,324 ÷ 89,120 = 0.27

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. ConocoPhillips debt to capital ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Debt to Assets

ConocoPhillips, debt to assets calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Short-term debt 1,035 1,314 1,312 1,113 1,074 881 879 1,317 417 664 676 1,160 1,200 920 1,205 689 619 482 146 126
Long-term debt 23,289 16,990 17,040 17,304 17,863 18,182 15,565 15,266 16,226 16,297 16,295 17,586 18,734 18,748 18,805 19,338 14,750 14,905 14,852 14,847
Total debt 24,324 18,304 18,352 18,417 18,937 19,063 16,444 16,583 16,643 16,961 16,971 18,746 19,934 19,668 20,010 20,027 15,369 15,387 14,998 14,973
 
Total assets 122,780 96,699 95,994 95,348 95,924 93,651 89,605 91,441 93,829 94,837 93,693 93,308 90,661 87,304 85,403 83,693 62,618 63,157 63,046 65,033
Solvency Ratio
Debt to assets1 0.20 0.19 0.19 0.19 0.20 0.20 0.18 0.18 0.18 0.18 0.18 0.20 0.22 0.23 0.23 0.24 0.25 0.24 0.24 0.23
Benchmarks
Debt to Assets, Competitors2
Chevron Corp. 0.10 0.10 0.09 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.10 0.12 0.13 0.16 0.18 0.19 0.18 0.16 0.15 0.14
Exxon Mobil Corp. 0.09 0.09 0.09 0.11 0.11 0.11 0.11 0.11 0.11 0.12 0.13 0.13 0.14 0.17 0.18 0.19 0.20 0.19 0.19 0.17
Occidental Petroleum Corp. 0.31 0.31 0.26 0.27 0.27 0.28 0.28 0.28 0.27 0.29 0.30 0.36 0.39 0.42 0.45 0.45 0.45 0.46 0.43 0.38

Based on: 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).

1 Q4 2024 Calculation
Debt to assets = Total debt ÷ Total assets
= 24,324 ÷ 122,780 = 0.20

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. ConocoPhillips debt to assets ratio improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Financial Leverage

ConocoPhillips, financial leverage calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Total assets 122,780 96,699 95,994 95,348 95,924 93,651 89,605 91,441 93,829 94,837 93,693 93,308 90,661 87,304 85,403 83,693 62,618 63,157 63,046 65,033
Common stockholders’ equity 64,796 49,881 49,745 49,325 49,279 47,745 47,531 47,783 48,003 49,079 50,202 49,218 45,406 44,115 44,276 43,155 29,849 30,783 31,493 31,315
Solvency Ratio
Financial leverage1 1.89 1.94 1.93 1.93 1.95 1.96 1.89 1.91 1.95 1.93 1.87 1.90 2.00 1.98 1.93 1.94 2.10 2.05 2.00 2.08
Benchmarks
Financial Leverage, Competitors2
Chevron Corp. 1.69 1.66 1.64 1.63 1.63 1.60 1.59 1.60 1.62 1.64 1.68 1.70 1.72 1.77 1.82 1.83 1.82 1.69 1.67 1.64
Exxon Mobil Corp. 1.72 1.72 1.72 1.84 1.84 1.86 1.82 1.86 1.89 1.99 2.07 2.10 2.01 2.10 2.13 2.13 2.12 2.02 2.01 1.95
Occidental Petroleum Corp. 2.50 2.47 2.38 2.41 2.45 2.45 2.45 2.42 2.41 2.51 2.67 2.98 3.69 4.01 4.38 4.34 4.31 4.25 3.83 3.25

Based on: 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).

1 Q4 2024 Calculation
Financial leverage = Total assets ÷ Common stockholders’ equity
= 122,780 ÷ 64,796 = 1.89

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. ConocoPhillips financial leverage ratio increased from Q2 2024 to Q3 2024 but then decreased significantly from Q3 2024 to Q4 2024.

Interest Coverage

ConocoPhillips, interest coverage calculation (quarterly data)

Microsoft Excel
Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ConocoPhillips 2,306 2,059 2,329 2,551 3,007 2,798 2,232 2,920 3,249 4,527 5,145 5,759 2,627 2,379 2,091 982 (772) (450) 260 (1,739)
Add: Net income attributable to noncontrolling interest 18 28
Add: Income tax expense 664 1,176 1,330 1,257 1,257 1,302 1,130 1,642 1,986 2,913 2,510 2,139 1,709 1,203 989 732 (314) (62) (257) 148
Add: Interest and debt expense 191 189 198 205 219 194 179 188 178 199 211 217 219 219 220 226 202 200 202 202
Earnings before interest and tax (EBIT) 3,161 3,424 3,857 4,013 4,483 4,294 3,541 4,750 5,413 7,639 7,866 8,115 4,555 3,801 3,300 1,940 (884) (312) 223 (1,361)
Solvency Ratio
Interest coverage1 18.46 19.45 20.40 20.49 21.88 24.35 28.69 33.08 36.07 33.30 28.10 22.60 15.38 9.41 4.77 1.17 -2.90
Benchmarks
Interest Coverage, Competitors2
Chevron Corp. 47.31 49.42 59.46 60.29 64.08 77.06 87.36 102.29 97.27 86.49 68.50 44.87 31.39 19.12 8.50 -11.85 -9.69
Exxon Mobil Corp. 50.07 52.17 54.97 54.07 63.17 74.98 85.62 108.93 94.68 88.00 68.10 42.27 33.98 -5.84 -14.48 -20.45 -23.94
Occidental Petroleum Corp. 4.46 6.29 6.94 6.76 7.80 8.59 9.99 15.23 14.71 12.90 9.58 5.07 3.30 1.15 -2.26 -8.10 -10.03

Based on: 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).

1 Q4 2024 Calculation
Interest coverage = (EBITQ4 2024 + EBITQ3 2024 + EBITQ2 2024 + EBITQ1 2024) ÷ (Interest expenseQ4 2024 + Interest expenseQ3 2024 + Interest expenseQ2 2024 + Interest expenseQ1 2024)
= (3,161 + 3,424 + 3,857 + 4,013) ÷ (191 + 189 + 198 + 205) = 18.46

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. ConocoPhillips interest coverage ratio deteriorated from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.