Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Enterprise Value (EV) 

Microsoft Excel

Current Enterprise Value (EV)

ConocoPhillips, current enterprise value calculation

Microsoft Excel
Current share price (P) $89.93
No. shares of common stock outstanding 1,272,380,205
US$ in millions
Common equity (market value)1 114,425
Add: Noncontrolling interests (per books)
Total equity 114,425
Add: Short-term debt (per books) 1,035
Add: Long-term debt (per books) 23,289
Total equity and debt 138,749
Less: Cash and cash equivalents 5,607
Less: Short-term investments 507
Less: Investment in Cenovus Energy
Enterprise value (EV) 132,635

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 89.93 × 1,272,380,205


Historical Enterprise Value (EV)

ConocoPhillips, EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $97.45 $111.00 $108.36 $91.16 $48.85
No. shares of common stock outstanding1 1,272,380,205 1,176,408,368 1,218,776,494 1,299,526,916 1,354,734,727
US$ in millions
Common equity (market value)3 123,993 130,581 132,067 118,465 66,179
Add: Noncontrolling interests (book value)
Total equity 123,993 130,581 132,067 118,465 66,179
Add: Short-term debt (book value) 1,035 1,074 417 1,200 619
Add: Long-term debt (book value) 23,289 17,863 16,226 18,734 14,750
Total equity and debt 148,317 149,518 148,710 138,399 81,548
Less: Cash and cash equivalents 5,607 5,635 6,458 5,028 2,991
Less: Short-term investments 507 971 2,785 446 3,609
Less: Investment in Cenovus Energy 1,117 1,256
Enterprise value (EV) 142,203 142,912 139,467 131,808 73,692

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 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of ConocoPhillips Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 97.45 × 1,272,380,205

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. ConocoPhillips EV increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.