Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Common-Size Balance Sheet: Assets 

ConocoPhillips, common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 4.57 5.87 6.88 5.55 4.78
Short-term investments 0.41 1.01 2.97 0.49 5.76
Accounts and notes receivable, net of allowance 5.39 5.69 7.54 7.22 4.21
Accounts and notes receivable, related parties 0.06 0.01 0.01 0.14 0.19
Investment in Cenovus Energy 0.00 0.00 0.00 1.23 2.01
Inventories 1.47 1.46 1.30 1.33 1.60
Prepaid expenses and other current assets 0.84 0.89 1.28 1.74 0.73
Current assets 12.74% 14.94% 19.98% 17.70% 19.27%
Equity investments 7.01 8.24 7.99 7.39 12.13
Long-term receivables 0.09 0.15 0.15 0.11 0.22
Long-term investments in debt securities 0.86 1.03 0.56 0.27 0.35
Other investments 0.07 0.10 0.07 0.07 0.11
Investments and long-term receivables 8.04% 9.52% 8.77% 7.85% 12.80%
Loans and advances, related parties 0.00 0.00 0.00 0.00 0.18
Net properties, plants and equipment, net of accumulated DD&A 76.85 73.02 69.13 71.60 63.71
Other assets 2.37 2.52 2.12 2.85 4.04
Noncurrent assets 87.26% 85.06% 80.02% 82.30% 80.73%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Cash and cash equivalents
The proportion of cash and cash equivalents to total assets exhibited a fluctuating pattern over the period. It increased from 4.78% in 2020 to a peak of 6.88% in 2022, followed by a decline to 4.57% in 2024, indicating a reduction in liquid holdings after 2022.
Short-term investments
This category showed significant volatility, starting at 5.76% in 2020, sharply decreasing to 0.49% in 2021, rising again to 2.97% in 2022, then declining to 0.41% by 2024. The overall trend points toward a diminishing allocation to short-term investments as a portion of total assets.
Accounts and notes receivable, net of allowance
There was a notable increase in receivables from 4.21% in 2020 to a peak of 7.54% in 2022, followed by a gradual decline to 5.39% in 2024. This pattern suggests temporary growth in receivables before a reduction in more recent years.
Accounts and notes receivable, related parties
The percentage remained relatively low and stable, hovering below one percent throughout the period, with minor fluctuations and a slight increase to 0.06% in 2024.
Investment in Cenovus Energy
Data is only available for 2020 and 2021, where the share of total assets dropped from 2.01% to 1.23%. Information for subsequent years is missing, indicating possible divestment or reclassification.
Inventories
The inventory proportion remained relatively stable with a slight decline from 1.6% in 2020 to 1.3% in 2022 and a moderate uptick to 1.47% in 2024, suggesting consistent inventory management with minor adjustments.
Prepaid expenses and other current assets
There was an increase from 0.73% in 2020 to 1.74% in 2021, followed by a decline to 0.84% by 2024, indicating initial growth in prepaid and other current assets before normalization.
Current assets
The aggregate current assets decreased steadily from 19.27% in 2020 to 12.74% in 2024, reflecting a lower relative current asset base over time, which could suggest a shift towards longer-term asset holdings.
Equity investments
Equity investments as a percentage of total assets decreased significantly from 12.13% in 2020 to 7.39% in 2021, then stabilized around 7-8%, ending at 7.01% in 2024. This indicates a notable reduction initially with modest recovery and stability thereafter.
Long-term receivables
Long-term receivables remained a minor component, fluctuating narrowly between 0.09% and 0.22% without any clear trend.
Long-term investments in debt securities
This category increased from 0.35% in 2020 to a high of 1.03% in 2023 before slightly receding to 0.86% in 2024, suggesting a strategic increase in debt securities held long-term followed by a slight reduction.
Other investments
Other investments maintained a consistently small share, between 0.07% and 0.11%, showing little variation over the years.
Investments and long-term receivables
The combined category decreased sharply from 12.8% in 2020 to 7.85% in 2021, followed by a gradual increase to 9.52% in 2023 and a slight decrease to 8.04% in 2024, illustrating an initial reduction with partial recovery.
Loans and advances, related parties
Data is only available for 2020 (0.18%) and shows no values thereafter, implying elimination or reclassification of this item post-2020.
Net properties, plants and equipment, net of accumulated DD&A
This category experienced steady growth, rising from 63.71% in 2020 to 76.85% in 2024, reflecting increased investment in fixed assets relative to total assets over the period.
Other assets
Other assets declined from 4.04% in 2020 to 2.12% in 2022, with a slight rebound to 2.37% in 2024, indicating a general downward trend with modest recovery in recent years.
Noncurrent assets
Noncurrent assets increased from 80.73% in 2020 to 87.26% in 2024, consistent with the growth observed in net properties, plants and equipment, showing a strategic emphasis on long-term asset accumulation.
Total assets
Total assets consistently represent 100% by definition through the period examined.