Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

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Common-Size Balance Sheet: Assets
Quarterly Data

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ConocoPhillips, common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Short-term investments
Accounts and notes receivable, net of allowance
Investment in Cenovus Energy
Inventories
Prepaid expenses and other current assets
Current assets
Investments and long-term receivables
Loans and advances, related parties
Net properties, plants and equipment, net of accumulated DD&A
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The percentage of cash and cash equivalents relative to total assets fluctuated over the observed periods, initially declining from 6.01% to a trough of 3.38% by March 31, 2021. Subsequently, there was an increase, peaking at 11.26% in September 2020, before stabilizing between approximately 4.0% and 9.43% in later quarters. The trend indicates variable liquidity levels, with occasional spikes possibly due to cash injections or liquidations of other assets.
Short-term Investments
The share of short-term investments as a portion of total assets generally trended downward from a high of 6.38% in September 2020, declining to under 1% in multiple quarters from late 2021 onwards, with minor upticks in mid-2022. This decline suggests a reduced emphasis on short-term liquid investment holdings over time.
Accounts and Notes Receivable, Net
Accounts and notes receivable consistently rose from 3.48% in March 2020 to a peak of 8.70% in June 2022, followed by a gradual decrease to approximately 4.65%-5.79% range in subsequent quarters. This pattern signifies increased credit extended to customers through 2022, followed by a moderate reduction, possibly reflecting changes in sales or collection practices.
Investment in Cenovus Energy
This investment was present at relatively low levels ranging from 0.65% to 2.11% up to December 2021 but ceased to be reported thereafter, which may indicate divestment or reclassification after 2021.
Inventories
Inventory levels as a percentage of total assets remained relatively stable across periods, fluctuating modestly between about 1.12% to 1.55%. The stability suggests consistent inventory management without significant buildup or depletion trends.
Prepaid Expenses and Other Current Assets
These assets decreased notably in early 2020 from 3.01% to below 1% and then exhibited fluctuations within a narrow band mostly below 1.5%. The pattern reflects limited variability in prepaid expenses relative to total assets.
Current Assets
Current assets showed a downward trend in recent years, declining from 23.12% in September 2021 to approximately 11.37%-14.94% in most quarters from late 2023 forward. This decline suggests a relative reduction in liquidity and short-term holdings compared with total assets.
Investments and Long-term Receivables
The proportion of investments and long-term receivables to total assets declined from around 13.4% in early 2020 to roughly 8%-9.7% in later periods. This decrease indicates some divestment or reductions in long-term claims or invested capital over the time frame.
Loans and Advances to Related Parties
These loans were reported only until June 2021 at minimal percentages (below 0.3%) and were absent thereafter, which could reflect repayment, write-off, or reclassification.
Net Properties, Plants, and Equipment
This asset category maintained a dominant portion of total assets, ranging mostly between 62.5% and 77.7%. There was an overall upward trend with occasional fluctuations, notably increasing towards the later quarters to above 75%. This reflects continued emphasis and investment in fixed assets, which form the core of asset composition.
Other Assets
Other assets held a steady share between about 2.1% and 3.8%, with a slight gradual decline observable mid-period followed by moderate increases. The relatively stable percentage suggests no significant shifts in miscellaneous asset classifications.
Noncurrent Assets
Noncurrent assets consistently constituted the majority of total assets, ranging from roughly 76.9% to 88.6%. A general upward trend is visible, especially from 2021 forward, indicating a strategic focus on longer-term holdings and asset base expansion.
Total Assets
Total assets are normalized to 100% across all periods, serving as the baseline for all relative asset class percentages, allowing analysis of shifts in composition over time.