Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

ConocoPhillips, common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable 4.88 5.30 6.52 5.52 4.26
Accounts payable, related parties 0.05 0.04 0.05 0.03 0.05
Short-term debt 0.84 1.12 0.44 1.32 0.99
Accrued income and other taxes 2.00 1.89 3.40 3.16 0.51
Employee benefit obligations 0.89 0.81 0.78 0.83 0.97
Other accruals 1.22 1.28 2.50 2.40 1.79
Current liabilities 9.87% 10.43% 13.69% 13.26% 8.57%
Long-term debt 18.97 18.62 17.29 20.66 23.56
Asset retirement obligations and accrued environmental costs 6.59 7.53 6.82 6.35 8.67
Deferred income taxes 9.31 9.19 8.23 6.82 5.98
Employee benefit obligations 0.83 1.05 1.14 1.27 2.71
Other liabilities and deferred credits 1.66 1.81 1.65 1.56 2.84
Noncurrent liabilities 37.35% 38.20% 35.15% 36.66% 43.76%
Total liabilities 47.23% 48.63% 48.84% 49.92% 52.33%
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.03
Capital in excess of par 63.14 63.91 65.16 66.82 75.27
Treasury stock, at cost -57.95 -68.43 -64.15 -56.17 -75.53
Accumulated other comprehensive loss -5.27 -5.91 -6.39 -5.46 -8.33
Retained earnings 52.83 61.79 56.52 44.86 56.23
Common stockholders’ equity 52.77% 51.37% 51.16% 50.08% 47.67%
Noncontrolling interests 0.00 0.00 0.00 0.00 0.00
Total equity 52.77% 51.37% 51.16% 50.08% 47.67%
Total liabilities and equity 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).

Current Liabilities
Current liabilities as a percentage of total liabilities and equity increased significantly from 8.57% in 2020 to a peak of 13.69% in 2022, followed by a decline to 9.87% in 2024. This reflects an initial rise in short-term obligations which later eased.
Accounts Payable and Related Parties
Accounts payable rose steadily from 4.26% in 2020 to a high of 6.52% in 2022, then declined to 4.88% by 2024. Accounts payable to related parties remained consistently minimal, fluctuating around 0.03% to 0.05%, indicating limited intercompany short-term liabilities.
Short-term Debt
The proportion of short-term debt showed variability, increasing from 0.99% in 2020 to 1.32% in 2021, then sharply dropping to 0.44% in 2022, before rising again to 1.12% in 2023 and slightly decreasing to 0.84% in 2024. This volatility suggests fluctuations in short-term borrowing or refinancing activities.
Accrued Income and Other Taxes
Accrued income and other taxes rose sharply from 0.51% in 2020 to above 3% in 2021 and 2022, then decreased to around 2% in subsequent years, implying periods of higher tax liabilities followed by reductions.
Employee Benefit Obligations
Current employee benefit obligations showed a slight decline from 0.97% in 2020 to 0.78% in 2022, then a modest increase to 0.89% in 2024. Noncurrent obligations decreased more noticeably from 2.71% to 0.83% over the same period, reflecting reduced long-term employee-related liabilities.
Other Accruals
Other accruals increased from 1.79% in 2020 to a peak of 2.5% in 2022 before declining to 1.22% in 2024, indicating a temporary build-up of miscellaneous accrued expenses.
Long-term Debt
Long-term debt as a proportion of total liabilities and equity declined steadily from 23.56% in 2020 to 17.29% in 2022, then slightly increased to around 19% by 2024. This trend suggests a modest reduction in long-term borrowing followed by stabilization.
Asset Retirement Obligations and Accrued Environmental Costs
These obligations showed a decrease from 8.67% in 2020 to 6.35% in 2021, a slight increase peaking at 7.53% in 2023, and a decline again to 6.59% in 2024, reflecting fluctuations in estimated costs related to asset retirement and environmental liabilities.
Deferred Income Taxes
Deferred income taxes increased steadily from 5.98% in 2020 to 9.31% in 2024, indicating growing deferred tax liabilities possibly related to timing differences in income recognition or asset valuation.
Other Liabilities and Deferred Credits
Other liabilities and deferred credits decreased from 2.84% in 2020 to around 1.65% in 2024, showing a reduction in miscellaneous noncurrent liabilities.
Total Liabilities
Total liabilities declined modestly from 52.33% in 2020 to 47.23% in 2024, indicating a slight decrease in reliance on debt and obligations relative to total financing.
Equity Components
Common stock maintained a minimal and stable percentage around 0.02%-0.03%. Capital in excess of par decreased from 75.27% in 2020 to 63.14% in 2024, suggesting possible repurchases or distributions affecting contributed capital.
Treasury Stock
Treasury stock showed significant fluctuations, moving from -75.53% in 2020 to a less negative -57.95% in 2024, indicating substantial stock repurchases or reissuances over the years.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss became less negative from -8.33% in 2020 to -5.27% in 2024, reflecting a reduction in losses from foreign currency translation, pension adjustments, and other comprehensive income items.
Retained Earnings
Retained earnings displayed volatility, dropping from 56.23% in 2020 to 44.86% in 2021, then recovering strongly to 61.79% in 2023 before reducing again to 52.83% in 2024, indicating fluctuating accumulated profits or dividend distributions.
Total Equity
Total equity increased steadily from 47.67% in 2020 to 52.77% in 2024, signaling a gradual strengthening of the equity base relative to total liabilities and equity, consistent with the decline in total liabilities.