ConocoPhillips (COP) financial statements
ConocoPhillips reported revenue of $58.9B in fiscal 2025, up 10.7% a year over 9 years.
Net income was $8.0B and the operating margin 82.5%, against -26.2% in 2016.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from ConocoPhillips's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.7B | $29.1B | $36.4B | $32.6B | $18.8B | $45.8B | $78.5B | $56.1B | $54.7B | $58.9B |
| Cost of revenue | $10.0B | $12.5B | $14.3B | $11.8B | $8.1B | $18.2B | $34.0B | $22.0B | $20.0B | $22.3B |
| Gross profit | $13.7B | $16.6B | $22.1B | $20.7B | $10.7B | $27.7B | $44.5B | $34.2B | $34.7B | $36.6B |
| Research and development | $116M | $100M | $78M | $82M | $75M | $62M | $71M | $81M | $81M | $78M |
| Selling, general and admin | $473M | $427M | $401M | $556M | $430M | $719M | $623M | $705M | $1.2B | $893M |
| Operating income | -$6.2B | $23.9B | $31.2B | $27.2B | $14.4B | $40.1B | $71.5B | $48.4B | $46.0B | $48.6B |
| Interest expense | $1.2B | $1.1B | $735M | $778M | $806M | $884M | $805M | $780M | $783M | $855M |
| Pre-tax income | -$5.5B | -$2.6B | $10.0B | $9.5B | -$3.1B | $12.7B | $28.2B | $16.3B | $13.7B | $12.7B |
| Income tax | -$2.0B | -$1.8B | $3.7B | $2.3B | -$485M | $4.6B | $9.5B | $5.3B | $4.4B | $4.7B |
| Net income | -$3.6B | -$855M | $6.3B | $7.2B | -$2.7B | $8.1B | $18.7B | $11.0B | $9.2B | $8.0B |
| EPS (diluted) | -$2.91 | -$0.70 | $5.36 | $6.40 | -$2.51 | $6.07 | $14.57 | $9.06 | $7.81 | $6.35 |
| Diluted shares | 1.25B | 1.22B | 1.18B | 1.12B | 1.08B | 1.33B | 1.28B | 1.21B | 1.18B | 1.25B |
| Gross margin | 57.8% | 57.1% | 60.7% | 63.6% | 57.0% | 60.4% | 56.7% | 60.9% | 63.4% | 62.1% |
| Operating margin | -26.2% | 82.3% | 85.7% | 83.7% | 76.9% | 87.6% | 91.1% | 86.3% | 84.0% | 82.5% |
| Net margin | -15.3% | -2.9% | 17.2% | 22.1% | -14.4% | 17.6% | 23.8% | 19.5% | 16.9% | 13.6% |
Balance sheet
Fiscal years, from ConocoPhillips's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.7B | $8.2B | $6.2B | $8.1B | $6.6B | $5.0B | $9.2B | $6.6B | $6.1B | $7.0B |
| Receivables | $3.4B | $4.3B | $4.1B | $3.4B | — | — | — | — | — | — |
| Inventory | $1.0B | $1.1B | $1.0B | $1.0B | $1.0B | $1.2B | $1.2B | $1.4B | $1.8B | $1.9B |
| Total current assets | $8.6B | $16.5B | $13.3B | $16.9B | $12.1B | $16.1B | $18.7B | $14.3B | $15.6B | $15.5B |
| Property, plant and equipment | $58.3B | $45.7B | $45.7B | $42.3B | $39.9B | $64.9B | $64.9B | $70.0B | $94.4B | $93.2B |
| Total assets | $89.8B | $73.4B | $70.0B | $70.5B | $62.6B | $90.7B | $93.8B | $95.9B | $122.8B | $121.9B |
| Total current liabilities | $6.9B | $9.4B | $7.4B | $7.0B | $5.4B | $12.0B | $12.8B | $10.0B | $12.1B | $12.0B |
| Long-term debt | $26.2B | $17.1B | $14.9B | $14.8B | $14.8B | $18.7B | $16.2B | $17.9B | $23.3B | $22.4B |
| Total liabilities | $54.5B | $42.6B | $37.9B | $35.5B | $32.8B | $45.3B | $45.8B | $46.6B | $58.0B | $57.5B |
| Shareholders' equity | $35.0B | $30.6B | $31.9B | $35.0B | $29.8B | $45.4B | $48.0B | $49.3B | $64.8B | $64.5B |
| Net debt | $23.7B | $13.4B | $9.1B | $9.8B | $12.4B | $14.9B | $10.2B | $13.3B | $18.7B | $16.9B |
Cash flow
Fiscal years, from ConocoPhillips's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $4.4B | $7.1B | $12.9B | $11.1B | $4.8B | $17.0B | $28.3B | $20.0B | $20.1B | $19.8B |
| Capital spending | $4.9B | $4.6B | $6.8B | $6.6B | $4.7B | $5.3B | $10.2B | — | — | — |
| Free cash flow | -$466M | $2.5B | $6.2B | $4.5B | $87M | $11.7B | $18.2B | — | — | — |
| Stock-based compensation | $272M | $227M | $265M | $274M | $159M | $304M | $377M | $334M | $268M | $336M |
| Dividends paid | $1.3B | $1.3B | $1.4B | $1.5B | $1.8B | $2.4B | $5.7B | $5.6B | $3.6B | $4.0B |
| Share buybacks (net) | -$126M | -$3.0B | -$3.0B | -$3.5B | -$892M | -$3.6B | -$9.3B | -$5.4B | -$5.5B | -$5.0B |
| Net borrowing | $2.3B | -$7.9B | -$5.0B | -$80M | $46M | -$505M | -$3.4B | $2.4B | $610M | -$913M |
| Free cash flow margin | -2.0% | 8.5% | 17.0% | 13.7% | 0.5% | 25.5% | 23.1% | — | — | — |
| Dividends per share | $1.01 | $1.07 | $1.16 | $1.34 | $1.70 | $1.78 | $4.48 | $4.63 | $3.09 | $3.19 |
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What was ConocoPhillips's revenue in 2025?
$58.9B in fiscal 2025, from its 10-K filing.
From ConocoPhillips's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.