Common-Size Balance Sheet: Assets
Quarterly Data
ConocoPhillips, common-size consolidated balance sheet: assets (quarterly data)
Based on: 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 proportion of cash and cash equivalents relative to total assets exhibited moderate volatility across the periods. Initially declining from 6.01% in March 2020 to 3.38% in March 2021, it surged to a peak of 11.26% in September 2020. Following the peak, the ratio experienced fluctuations, ending at 5.08% in March 2025, indicating variability in liquidity management or cash reserves over time.
- Short-Term Investments
- Short-term investments as a percentage of total assets generally decreased from around 6% in early 2020 to below 1% in multiple subsequent quarters, indicating a significant reduction in short-term liquid investments. Minor recoveries were observed in mid-2022 and mid-2024, but the overall trend suggests a strategic shift away from short-term investment holdings toward other asset classes.
- Accounts and Notes Receivable, Net of Allowance
- This item showed a rising trend from 3.48% in March 2020 to a plateau around 7-8% during 2021 and 2022, followed by a slight decrease towards the end of the series, settling at 5.15% in March 2025. The initial growth suggests increased sales or credit extended, while the subsequent decline may reflect improved collections or changes in credit policy.
- Investment in Cenovus Energy
- Data on this investment is available only until December 2021, showing fluctuations between 0.65% and 2.11% of total assets without a clear directional pattern, followed by a cessation of entries, indicating potential divestment or reclassification after 2021.
- Inventories
- Inventories as a percentage of total assets remained relatively stable, generally fluctuating between 1.1% and 1.5% over the entire period. A slight upward drift is observable post-2021, ending at 1.48% in March 2025, suggesting consistent inventory management with minor adjustments over time.
- Prepaid Expenses and Other Current Assets
- Prepaid expenses and similar current assets decreased markedly from 3.01% in March 2020 to around 0.6-1.0% in following years, with minor fluctuations. This trend implies a reduction in prepaid balances or a realignment of current asset composition.
- Current Assets
- The ratio of current assets to total assets fluctuated within a range of approximately 12.7% to 23.1%, with a notable peak at 23.12% in September 2020 and a trough near 12.74% in March 2025. The variability indicates changing short-term asset allocations, possibly reflecting shifts in liquidity needs or working capital strategies.
- Investments and Long-Term Receivables
- This category showed a decline from about 13.4% in early 2020 to around 8-9% thereafter, stabilizing in the mid-8% to 9.7% range through to early 2025. The initial decrease may indicate disposals or amortization, while the subsequent stabilization suggests maintenance of a consistent long-term investment portfolio size relative to assets.
- Loans and Advances, Related Parties
- Minimal values are recorded for this item, all below 0.3%, with data only until mid-2021. The reduction to near zero thereafter points to repayment or discontinuation of related-party financing activities.
- Net Properties, Plants, and Equipment, Net of Accumulated DD&A
- This asset category, representing the majority share of total assets, showed pronounced growth from 62.5% in March 2020 to approximately 75-77% by the end of the period, with some fluctuations. The increase suggests ongoing capital investment and/or asset retention, underscoring the company's asset-intensive nature and possible expansion or upgrade of operational capacity.
- Other Assets
- Other assets remained stable between 2.1% and 3.8% across quarters. The marginal decrease after 2020 implies a slight reassessment or realignment of less material asset categories.
- Noncurrent Assets
- Noncurrent assets consistently composed the bulk of total assets, fluctuating from approximately 79.8% to a peak exceeding 87% in late 2024, before slightly retracting. This dominance highlights the company's reliance on long-lived assets, consistent with capital-intensive industry characteristics, and the incremental increase aligns with the growth in net property and equipment.
- Total Assets
- By definition, total assets remained constant at 100% throughout the timeframe, serving as the denominator for the relative asset category measures provided.