Stock Analysis on Net
Stock Analysis on Net

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
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 5.10 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 0.84 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 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 0.93 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 1.45 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 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 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 6.74 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 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 0.79 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 1.34 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 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 47.12% 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 0.03
Capital in excess of par 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 -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 -4.85 -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 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 52.88% 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%

Based on: 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 composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from March 31, 2021, to December 31, 2025. Current liabilities generally represented a significant portion of total liabilities and equity, fluctuating between approximately 8.6% and 14.8% over the period. Long-term debt consistently comprised a substantial portion, ranging from approximately 17.2% to 23.1%. Equity demonstrated a relatively stable presence, generally between 50.5% and 53.6%, though with some fluctuations influenced by treasury stock and retained earnings.

Current Liabilities
Current liabilities increased from 8.58% in March 2021 to a peak of 14.76% in September 2022, before declining to 9.82% by December 2025. Accounts payable remained relatively stable, fluctuating between 4.23% and 6.61% throughout the period. Accrued income and other taxes showed a marked increase from 1.15% in March 2021 to 3.40% in December 2021, then decreased to 1.50% by December 2025. Short-term debt experienced volatility, peaking at 1.41% in June 2021 and falling to 0.34% in June 2025.
Long-Term Debt & Other Noncurrent Liabilities
Long-term debt decreased from 23.11% in March 2021 to 17.18% in September 2022, then increased to 18.97% in December 2022, and ultimately settled at 18.39% in December 2025. Asset retirement obligations and accrued environmental costs remained relatively consistent, ranging from 6.04% to 7.59%. Deferred income taxes exhibited an upward trend, increasing from 5.95% in March 2021 to 10.04% in December 2025. Employee benefit obligations showed a slight decrease overall, with fluctuations throughout the period.
Stockholders’ Equity
Common stock and capital in excess of par remained consistently small percentages of total liabilities and equity, at approximately 0.02% and 63-72% respectively. Treasury stock represented a significant offset, consistently negative and increasing in magnitude from -56.96% in March 2021 to -71.55% in September 2024, before decreasing to -62.50% in December 2025. Accumulated other comprehensive loss also remained negative, though its magnitude decreased over time, moving from -6.07% to -4.85%. Retained earnings increased substantially from 42.55% in March 2021 to 56.47% in December 2025, indicating increasing profitability and reinvestment of earnings.

Overall, the liability structure demonstrated some volatility, particularly in short-term debt and accrued taxes. The consistent presence of long-term debt suggests a reliance on longer-term financing. The significant changes in treasury stock and retained earnings indicate active share repurchase programs and increasing profitability, respectively, contributing to the overall shifts in the equity composition.