Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
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ConocoPhillips, common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2025-12-31), 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).
The composition of liabilities and stockholders’ equity exhibited several notable shifts between 2021 and 2025. Overall, total liabilities remained relatively stable as a percentage of total liabilities and equity, fluctuating between approximately 47% and 50% over the period. Equity correspondingly remained stable, ranging from 50% to 53%. Within these broad categories, however, significant changes occurred in specific line items.
- Current Liabilities
- Current liabilities decreased as a percentage of the total from 13.26% in 2021 to 9.82% in 2025. This decline was driven by reductions in several components, including accounts payable, short-term debt, and accrued income taxes. While a decrease is observed, the rate of decline slowed between 2023 and 2025.
- Long-Term Liabilities
- Long-term debt remained a substantial portion of the capital structure, consistently representing between 17% and 21% of total liabilities and equity. Asset retirement obligations and accrued environmental costs also constituted a significant portion, fluctuating between 6.35% and 7.53%. Deferred income taxes increased steadily throughout the period, rising from 6.82% in 2021 to 10.04% in 2025.
- Equity Components
- Capital in excess of par consistently represented the largest component of equity, generally around 63-67%. Treasury stock exhibited a significant negative balance, increasing in absolute value from -56.17% in 2021 to -68.43% in 2023 before decreasing to -62.50% in 2025. Accumulated other comprehensive loss also remained negative, but its magnitude decreased over time, moving from -5.46% to -4.85%. Retained earnings demonstrated a substantial increase between 2021 and 2023, growing from 44.86% to 61.79%, before decreasing to 56.47% in 2025.
- Specific Liability Accounts
- Accounts payable showed a slight decrease overall, with fluctuations throughout the period. Short-term debt experienced a notable decline, particularly between 2021 and 2022, and remained low through 2025. Accrued income and other taxes decreased from 3.16% to 1.50% over the period. Employee benefit obligations remained relatively stable, with minor fluctuations.
In summary, the company demonstrated a trend towards decreasing current liabilities and increasing deferred income taxes. The equity structure experienced shifts in retained earnings and treasury stock, while capital in excess of par remained the dominant component. These changes suggest a potential shift in financing strategies and profitability trends over the analyzed period.