Common-Size Balance Sheet: Assets
Quarterly Data
ConocoPhillips, common-size consolidated balance sheet: assets (quarterly data)
Based on: 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 proportion of cash and cash equivalents relative to total assets exhibited volatility across the observed periods. Starting around 6.01%, a decline to approximately 3.38% occurred by early 2021, followed by a significant increase peaking near 11.26% in late 2021. Thereafter, the percentage gradually decreased and stabilized with fluctuations, ending near 4.00% in mid-2025.
- Short-term investments
- Short-term investments as a percentage of total assets slightly declined overall. The value decreased from 5.94% early in 2020 to less than 1% by late 2021, with minor recoveries following. The proportion remained generally low thereafter, fluctuating between roughly 0.36% and 1.79% toward mid-2025.
- Accounts and notes receivable, net of allowance
- This item showed an overall increase during 2020 and 2021, rising from 3.48% to over 7%. After peaking in 2021, it experienced a gradual decline to about 4.65% by mid-2025, indicating fluctuating credit sales or collection efforts within the period.
- Investment in Cenovus Energy
- The investment was present during early periods but data is missing after late 2021. Initially, it rose to just above 2% but declined afterward, suggesting divestiture or reclassification.
- Inventories
- The inventory proportion maintained a relatively stable range between 1.12% and 1.64%, showing a slight upward trend over time, reaching about 1.55% by mid-2025. This stability indicates consistent inventory management relative to total assets.
- Prepaid expenses and other current assets
- There was a sharp decrease in this category from 3.01% early in 2020 down to below 1% for most subsequent periods, followed by minor fluctuations around the 0.8% to 1.15% range, suggesting a reduction and stabilization in prepaid or other current asset proportions.
- Current assets
- Current assets showed volatility over time. Beginning at just over 20%, there was a decline approaching 14% towards the end of the timeline, indicating a gradual decrease in short-term asset liquidity or a shift toward more long-term asset holdings.
- Investments and long-term receivables
- This proportion decreased significantly from around 13.4% early in 2020 to approximately 7.8%-9.7% range throughout 2022–2024, then declined further to near 8.0% by mid-2025, indicating either divestment or reclassification affecting the long-term investment base.
- Loans and advances, related parties
- This line was minimal and eventually discontinued after mid-2021, suggesting either payoff or removal of related party loans from the balance sheet.
- Net properties, plants and equipment (PP&E), net of accumulated DD&A
- PP&E as a percentage of total assets showed an overall upward trend from 62.5% in early 2020 to above 77% by mid-2025, despite some fluctuations. Notably, there was a jump in late 2021 and early 2024 periods. This indicates a growing capital base and asset investment relative to total assets.
- Other assets
- This category remained relatively stable with moderate fluctuations, mostly between 2.1% and 3.8%, showing no significant changes over the examined periods.
- Noncurrent assets
- The noncurrent asset percentage remained consistently high, fluctuating between approximately 76.9% and 88.6%, with a clear upward bias toward the latter part of the timeline, reflecting an increasing emphasis on long-term asset holdings relative to total assets.
- Total assets
- The total assets were normalized to 100% for all periods, serving as the basis for ratio calculations across asset categories.
- Overall insights
- The data reveals a strategic shift over time from current assets and short-term investments toward long-term investments and net PP&E. The steady increase in PP&E and high levels of noncurrent assets suggest heightened capital expenditures or asset acquisitions. The decline in cash, short-term investments, and current assets may indicate reduced liquidity or reallocation of resources to fixed assets. The decreasing trend in accounts receivable late in the period may denote improved collections or reduced sales on credit. The disappearance of related party loans and investment in Cenovus Energy reflect ongoing portfolio adjustments.