ConocoPhillips Historical Income Statement
| COP Stock | USD 103.51 2.54 2.40% |
Historical analysis of ConocoPhillips income statement accounts such as Interest Expense of 565.9 M, Selling General Administrative of 1.3 B or Total Revenue of 68.6 B can show how well ConocoPhillips performed in making a profits. Evaluating ConocoPhillips income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ConocoPhillips's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining ConocoPhillips latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ConocoPhillips is a good buy for the upcoming year.
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About ConocoPhillips Income Statement Analysis
ConocoPhillips Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ConocoPhillips shareholders. The income statement also shows ConocoPhillips investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
ConocoPhillips Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts ConocoPhillips generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of ConocoPhillips minus its cost of goods sold. It is profit before ConocoPhillips operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ConocoPhillips. It is also known as ConocoPhillips overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on ConocoPhillips income statement and represents the costs associated with goods and services ConocoPhillips provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from ConocoPhillips' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ConocoPhillips current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ConocoPhillips. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. To learn how to invest in ConocoPhillips Stock, please use our How to Invest in ConocoPhillips guide.At this time, ConocoPhillips' Research Development is relatively stable compared to the past year. As of 12/04/2024, Net Income Applicable To Common Shares is likely to grow to about 17.7 B, while Gross Profit is likely to drop slightly above 17.9 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 31.1B | 48.5B | 29.7B | 50.8B | EBITDA | 21.1B | 37.1B | 25.8B | 17.7B |
ConocoPhillips income statement Correlations
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ConocoPhillips Account Relationship Matchups
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ConocoPhillips income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 6.1B | 6.6B | 7.3B | 7.8B | 8.4B | 4.8B | |
| Interest Expense | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | 565.9M | |
| Selling General Administrative | 556M | 1.2B | 719M | 4.0B | 705M | 1.3B | |
| Total Revenue | 32.6B | 18.8B | 45.8B | 78.5B | 57.9B | 68.6B | |
| Gross Profit | 9.3B | 841M | 14.8B | 30.0B | 28.2B | 17.9B | |
| Other Operating Expenses | 25.5B | 20.6B | 33.8B | 53.0B | 30.8B | 58.2B | |
| Operating Income | 9.1B | (1.9B) | 14.0B | 28.1B | 27.0B | 28.4B | |
| Ebit | 9.1B | (2.1B) | 13.8B | 29.3B | 17.4B | 12.9B | |
| Ebitda | 15.2B | 4.5B | 21.1B | 37.1B | 25.8B | 17.7B | |
| Cost Of Revenue | 23.3B | 17.9B | 31.1B | 48.5B | 29.7B | 50.8B | |
| Total Operating Expenses | 2.3B | 2.6B | 2.7B | 4.6B | 1.2B | 1.1B | |
| Income Before Tax | 9.5B | (3.1B) | 12.7B | 28.2B | 16.3B | 17.1B | |
| Total Other Income Expense Net | 391M | (1.3B) | 641M | 2.8B | (10.7B) | (10.2B) | |
| Net Income | 7.2B | (2.7B) | 8.1B | 18.7B | 11.0B | 11.5B | |
| Income Tax Expense | 2.3B | (485M) | 4.6B | 9.5B | 5.3B | 3.7B | |
| Research Development | 82M | 75M | 62M | 71M | 81M | 121.0M | |
| Net Income Applicable To Common Shares | 7.2B | (2.7B) | 8.1B | 18.7B | 16.8B | 17.7B | |
| Net Income From Continuing Ops | 7.3B | (2.7B) | 8.1B | 18.7B | 11.0B | 6.2B | |
| Non Recurring | 1.1B | 2.3B | 1.0B | 552M | 496.8M | 472.0M | |
| Non Operating Income Net Other | (131M) | 59M | (80M) | 3.3B | 3.0B | 3.1B | |
| Tax Provision | 2.3B | (485M) | 4.6B | 9.5B | 5.3B | 5.6B | |
| Interest Income | 166M | 302M | 1.0B | 1.4B | 412M | 451M | |
| Net Interest Income | (612M) | (806M) | (1.1B) | (1.1B) | (651M) | (683.6M) | |
| Reconciled Depreciation | 6.1B | 5.5B | 7.3B | 7.5B | 8.3B | 7.5B |
Pair Trading with ConocoPhillips
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ConocoPhillips position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConocoPhillips will appreciate offsetting losses from the drop in the long position's value.Moving together with ConocoPhillips Stock
Moving against ConocoPhillips Stock
The ability to find closely correlated positions to ConocoPhillips could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ConocoPhillips when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ConocoPhillips - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ConocoPhillips to buy it.
The correlation of ConocoPhillips is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ConocoPhillips moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ConocoPhillips moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ConocoPhillips can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for ConocoPhillips Stock Analysis
When running ConocoPhillips' price analysis, check to measure ConocoPhillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ConocoPhillips is operating at the current time. Most of ConocoPhillips' value examination focuses on studying past and present price action to predict the probability of ConocoPhillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ConocoPhillips' price. Additionally, you may evaluate how the addition of ConocoPhillips to your portfolios can decrease your overall portfolio volatility.