Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Analysis of Long-term (Investment) Activity Ratios

Microsoft Excel

Long-term Activity Ratios (Summary)

ConocoPhillips, long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net fixed asset turnover 0.58 0.80 1.21 0.71 0.47
Net fixed asset turnover (including operating lease, right-of-use asset) 0.57 0.79 1.20 0.70 0.46
Total asset turnover 0.45 0.59 0.84 0.51 0.30
Equity turnover 0.84 1.14 1.64 1.01 0.63

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. ConocoPhillips net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). ConocoPhillips net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. ConocoPhillips total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. ConocoPhillips equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Net Fixed Asset Turnover

ConocoPhillips, net fixed asset turnover 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)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Net properties, plants and equipment, net of accumulated DD&A 94,356 70,044 64,866 64,911 39,893
Long-term Activity Ratio
Net fixed asset turnover1 0.58 0.80 1.21 0.71 0.47
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.31 1.28 1.64 1.06 0.60
Exxon Mobil Corp. 1.15 1.56 1.95 1.28 0.78
Occidental Petroleum Corp. 0.39 0.48 0.63 0.43 0.27
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.01 1.24 1.59 1.03 0.63
Net Fixed Asset Turnover, Industry
Energy 1.06 1.29 1.63 1.07 0.67

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 fixed asset turnover = Sales and other operating revenues ÷ Net properties, plants and equipment, net of accumulated DD&A
= 54,745 ÷ 94,356 = 0.58

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. ConocoPhillips net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

ConocoPhillips, net fixed asset turnover (including operating lease, right-of-use asset) 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)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
 
Net properties, plants and equipment, net of accumulated DD&A 94,356 70,044 64,866 64,911 39,893
Right-of-use assets, operating leases (included in Other assets) 1,017 691 536 665 783
Net properties, plants and equipment, net of accumulated DD&A (including operating lease, right-of-use asset) 95,373 70,735 65,402 65,576 40,676
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.57 0.79 1.20 0.70 0.46
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.26 1.24 1.59 1.03 0.59
Exxon Mobil Corp. 1.13 1.51 1.89 1.24 0.76
Occidental Petroleum Corp. 0.38 0.47 0.62 0.43 0.27
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 0.99 1.20 1.55 1.01 0.62
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Energy 1.04 1.25 1.58 1.04 0.65

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 fixed asset turnover (including operating lease, right-of-use asset) = Sales and other operating revenues ÷ Net properties, plants and equipment, net of accumulated DD&A (including operating lease, right-of-use asset)
= 54,745 ÷ 95,373 = 0.57

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). ConocoPhillips net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2022 to 2023 and from 2023 to 2024.

Total Asset Turnover

ConocoPhillips, total asset turnover 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)
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
Long-term Activity Ratio
Total asset turnover1 0.45 0.59 0.84 0.51 0.30
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.75 0.75 0.91 0.65 0.39
Exxon Mobil Corp. 0.75 0.89 1.08 0.82 0.54
Occidental Petroleum Corp. 0.31 0.38 0.50 0.35 0.22
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 0.67 0.76 0.94 0.68 0.43
Total Asset Turnover, Industry
Energy 0.67 0.76 0.93 0.67 0.44

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 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. ConocoPhillips total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Equity Turnover

ConocoPhillips, equity turnover 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)
Sales and other operating revenues 54,745 56,141 78,494 45,828 18,784
Common stockholders’ equity 64,796 49,279 48,003 45,406 29,849
Long-term Activity Ratio
Equity turnover1 0.84 1.14 1.64 1.01 0.63
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.27 1.22 1.48 1.12 0.72
Exxon Mobil Corp. 1.29 1.63 2.04 1.64 1.14
Occidental Petroleum Corp. 0.78 0.93 1.22 1.28 0.96
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 1.19 1.38 1.73 1.35 0.92
Equity Turnover, Industry
Energy 1.21 1.39 1.73 1.36 0.95

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
Equity turnover = Sales and other operating revenues ÷ Common stockholders’ equity
= 54,745 ÷ 64,796 = 0.84

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. ConocoPhillips equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.