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ConocoPhillips (NYSE:COP)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

ConocoPhillips, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 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
Accounts payable 5.93 5.44 5.72 5.10 5.10 5.32 5.91 4.92 5.37 5.37 5.39 5.33 5.49 5.16 5.58 6.57 6.61 6.27 5.25 5.54 4.73 4.23 4.54
Short-term debt 0.70 0.37 0.87 0.84 0.83 0.34 0.49 0.84 1.36 1.37 1.17 1.12 0.94 0.98 1.44 0.44 0.70 0.72 1.24 1.32 1.05 1.41 0.82
Accrued income and other taxes 2.24 2.04 1.73 1.50 1.58 1.42 2.35 2.00 2.56 2.10 2.22 1.89 2.05 1.89 3.11 3.40 3.36 2.94 3.39 3.16 2.38 1.65 1.15
Employee benefit obligations 0.55 0.48 0.41 0.93 0.83 0.58 0.52 0.89 0.65 0.54 0.42 0.81 0.74 0.62 0.46 0.78 0.66 0.56 0.48 0.83 0.79 0.67 0.68
Other accruals 1.48 1.68 1.52 1.45 1.46 1.31 1.45 1.22 1.20 1.38 1.46 1.28 1.82 2.01 2.04 2.50 3.43 2.54 2.10 2.40 3.01 1.59 1.40
Current liabilities 10.90% 10.02% 10.26% 9.82% 9.81% 8.96% 10.73% 9.87% 11.13% 10.75% 10.66% 10.43% 11.04% 10.66% 12.63% 13.69% 14.76% 13.04% 12.46% 13.26% 11.97% 9.54% 8.58%
Long-term debt 17.75 18.37 18.14 18.39 18.34 18.85 18.65 18.97 17.57 17.75 18.15 18.62 19.41 17.37 16.69 17.29 17.18 17.39 18.85 20.66 21.47 22.02 23.11
Asset retirement obligations and accrued environmental costs 6.75 6.76 6.82 6.74 6.75 6.71 6.56 6.59 7.59 7.54 7.49 7.53 6.86 7.09 6.92 6.82 6.04 6.12 6.23 6.35 6.55 6.81 6.91
Deferred income taxes 9.96 9.97 10.09 10.04 9.89 9.60 9.24 9.31 9.29 9.30 9.20 9.19 8.89 8.97 8.67 8.23 7.61 7.14 7.03 6.82 6.45 6.24 5.95
Employee benefit obligations 0.77 0.75 0.77 0.79 0.78 0.81 0.80 0.83 0.98 1.03 1.01 1.05 1.02 1.09 1.10 1.14 1.15 1.15 1.16 1.27 1.33 1.52 1.83
Other liabilities and deferred credits 1.53 1.54 1.33 1.34 1.43 1.58 1.52 1.66 1.86 1.80 1.75 1.81 1.79 1.77 1.73 1.65 1.51 1.57 1.53 1.56 1.69 2.02 2.06
Noncurrent liabilities 36.75% 37.39% 37.15% 37.30% 37.18% 37.55% 36.77% 37.35% 37.28% 37.42% 37.61% 38.20% 37.98% 36.30% 35.11% 35.15% 33.49% 33.38% 34.79% 36.66% 37.50% 38.61% 39.85%
Total liabilities 47.66% 47.41% 47.41% 47.12% 46.99% 46.52% 47.50% 47.23% 48.42% 48.18% 48.27% 48.63% 49.02% 46.95% 47.74% 48.84% 48.25% 46.42% 47.25% 49.92% 49.47% 48.16% 48.44%
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03
Capital in excess of par 61.77 62.64 63.36 63.74 63.44 63.33 62.42 63.14 63.53 63.94 64.29 63.91 65.42 68.27 66.82 65.16 64.41 65.15 65.28 66.82 69.22 70.65 72.02
Treasury stock, at cost -64.78 -63.78 -62.93 -62.50 -61.39 -60.28 -58.48 -57.95 -71.55 -70.84 -70.24 -68.43 -68.90 -70.55 -67.70 -64.15 -60.57 -58.32 -56.10 -56.17 -56.72 -56.53 -56.96
Accumulated other comprehensive loss -4.88 -4.97 -4.91 -4.85 -4.96 -4.81 -5.15 -5.27 -6.04 -6.21 -6.21 -5.91 -6.37 -6.61 -6.59 -6.39 -6.18 -5.67 -5.15 -5.46 -5.87 -5.76 -6.07
Retained earnings 60.22 58.68 57.05 56.47 55.90 55.23 53.70 52.83 65.63 64.91 63.87 61.79 60.81 61.92 59.70 56.52 54.07 52.40 48.70 44.86 43.88 43.46 42.55
Equity 52.34% 52.59% 52.59% 52.88% 53.01% 53.48% 52.50% 52.77% 51.58% 51.82% 51.73% 51.37% 50.98% 53.05% 52.26% 51.16% 51.75% 53.58% 52.75% 50.08% 50.53% 51.84% 51.56%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 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).

The capital structure of the organization exhibits a high degree of stability over the analyzed period, with total liabilities consistently representing between 46% and 50% of total liabilities and equity. This balance indicates a consistent approach to leveraging, where equity maintains a near-equal share of the total funding mix, typically fluctuating between 50% and 53%.

Long-term Debt and Noncurrent Liabilities
A gradual reduction in the relative weight of long-term debt is observed, declining from 23.11% in March 2021 to 17.75% by September 2026. This deleveraging trend is partially offset by a steady increase in deferred income taxes, which rose from 5.95% to 9.96% over the same period. Asset retirement obligations and accrued environmental costs remained relatively stable, ranging from 6.04% to 7.59%, reflecting the inherent long-term nature of these industry-specific obligations.
Equity Components and Shareholder Value
Significant shifts are evident within the equity section. Retained earnings showed a strong upward trajectory, increasing from 42.55% in March 2021 to 60.22% by September 2026, despite a temporary contraction in late 2024. This growth is mirrored by an increase in the magnitude of treasury stock, which moved from -56.96% to -64.78%, suggesting a sustained program of share repurchases. Concurrently, capital in excess of par saw a downward trend, decreasing from 72.02% to 61.77%.
Current Liabilities and Liquidity Obligations
Current liabilities experienced a period of volatility between 2021 and 2022, peaking at 14.76% in September 2022 before stabilizing around 10% to 11% in subsequent years. Accounts payable remained a consistent component of current obligations, generally fluctuating between 4% and 6%. Short-term debt maintained a minimal footprint, rarely exceeding 1.5% of the total balance sheet, indicating a preference for long-term financing over short-term borrowing.

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