Analysis of Revenues
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
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Revenues as Reported
ConocoPhillips, income statement, revenues
US$ in millions
| 12 months ended: | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude oil | |||||||||||
| Natural gas | |||||||||||
| Natural gas liquids | |||||||||||
| Other | |||||||||||
| Consolidated sales and other operating revenues |
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).
The analyzed data reveals significant fluctuations in the revenue components over the five-year period. A detailed examination of each revenue stream is as follows:
- Crude oil
- The revenue from crude oil exhibited substantial growth from 2020 to 2022, increasing from 9,736 million US dollars to 41,492 million US dollars. This upward trend peaked in 2022, followed by a decline in 2023, dropping to 37,833 million US dollars. In 2024, there was a slight recovery to 39,010 million US dollars, but the value remained below the 2022 peak. This indicates a volatile but generally strong contribution from crude oil revenues.
- Natural gas
- Natural gas revenue showed a dramatic rise in 2021 and 2022, reaching 26,941 million US dollars in 2022 from 6,427 million US dollars in 2020. However, this was followed by a sharp decline in 2023 to 10,725 million US dollars and a further decrease in 2024 to 6,444 million US dollars, nearly reverting to the 2020 level. The trend suggests external factors or market conditions significantly impacted natural gas revenue after 2022.
- Natural gas liquids
- Revenues from natural gas liquids increased steadily from 528 million US dollars in 2020 to a peak of 3,650 million US dollars in 2022. Following this peak, there was a decline in 2023 to 2,609 million US dollars, with a modest increase in 2024 to 2,889 million US dollars. The pattern resembles the natural gas revenue trend but with smaller magnitude changes.
- Other
- The 'Other' category experienced consistent growth with some fluctuations. Revenue increased from 2,093 million US dollars in 2020 to 6,411 million US dollars in 2022, decreased to 4,974 million US dollars in 2023, and then rose again to 6,402 million US dollars in 2024. This suggests a generally upward trajectory with some short-term volatility.
- Consolidated sales and other operating revenues
- The total consolidated revenue mirrored the trends observed in the individual components. From 18,784 million US dollars in 2020, it surged to 78,494 million US dollars in 2022, more than quadrupling over two years. Afterward, it declined to 56,141 million US dollars in 2023 and slightly decreased again to 54,745 million US dollars in 2024. The peak in 2022 followed by decline indicates a period of exceptional revenue performance, potentially influenced by market conditions or commodity prices, with a subsequent normalization.
Overall, the data demonstrates a pronounced growth phase culminating in 2022, primarily driven by crude oil and natural gas revenues, followed by a correction or downturn in the following years. The decline from the peak figures may reflect changes in market demand, pricing, or operational factors impacting the company’s revenue streams.