Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
ConocoPhillips, common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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).
- Accounts Payable
- The proportion of accounts payable relative to total liabilities and equity showed an overall increasing trend from early 2020 through 2022, peaking in the latter part of 2022 at over 6.6%. It subsequently declined moderately in 2023 before fluctuating mildly around 5.3% to 5.9% through early 2025.
- Short-term Debt
- Short-term debt as a percentage of total liabilities and equity fluctuated considerably over the observed period. It spiked noticeably during mid-2021 but generally remained below 1.5%, with a notable decline toward early 2025 reaching under 0.5%, indicating a reduction in reliance on short-term borrowing.
- Accrued Income and Other Taxes
- This component increased significantly from below 1.5% in early 2020 to a peak exceeding 3.3% by the end of 2020, maintaining elevated levels through 2022. It experienced some volatility post-2022, mostly staying between 1.8% and 2.6%, suggesting higher periodic tax accrual obligations or other related expenses.
- Employee Benefit Obligations (Current and Noncurrent)
- Current employee benefit obligations as a proportion of total liabilities and equity were generally low and somewhat stable, with values under 1% for most quarters and occasional minor increases. Noncurrent employee obligations showed a declining trend over time from above 2.4% in early 2020 to about 0.8% by early 2025, indicating reduced long-term benefit liabilities or improved funding status.
- Other Accruals
- Other accruals demonstrated intermittent volatility, peaking near 3.4% in late 2022 but generally fluctuating between 1.2% and 2.8%. The proportion declined in 2023 and stabilized around 1.2% to 1.8% by early 2025, reflecting variability in accrued expenses outside employee and tax-related items.
- Current Liabilities
- Current liabilities increased noticeably from around 9.3% in early 2020 to a peak near 14.8% in late 2022 before declining and stabilizing in the 10% to 11% range through early 2025, indicating shifting short-term obligations relative to total financing.
- Long-term Debt
- The share of long-term debt decreased steadily over time, starting around 22.8% in early 2020 and dropping below 17% by late 2022. It showed some recovery and mild fluctuations in subsequent years, settling near 18.6% by early 2025. This trend reflects a general reduction in long-term leverage, albeit with some recent increased borrowing or refinancing.
- Asset Retirement Obligations and Accrued Environmental Costs
- This obligation category remained relatively stable, around 6% to 8% of total liabilities and equity throughout the period. Minor fluctuations occurred but there was no significant upward or downward trend, indicating consistent recognition of these environmental liabilities.
- Deferred Income Taxes
- The proportion of deferred income taxes showed a gradual increase from about 6.4% in early 2020 to approximately 9.3% by early 2025. This steady rise suggests an increasing deferred tax liability position relative to total financing.
- Other Liabilities and Deferred Credits
- These items modestly declined over the timeline, from around 2.6% in early 2020 to about 1.5% by early 2025, indicating a reduction in miscellaneous long-term obligations or accrued credits.
- Noncurrent Liabilities
- The share of noncurrent liabilities decreased from over 42% in early 2020 to about 36.8% by early 2025, reflecting an overall reduction in longer-term obligations as a percent of total liabilities and equity.
- Total Liabilities
- Total liabilities as a percentage of total liabilities and equity declined from approximately 51.7% in early 2020 to around 47.5% by early 2025. This gradual reduction points to a strengthening balance sheet with a higher proportion of equity financing over time.
- Common Stock, Capital in Excess of Par, Treasury Stock, and Accumulated Other Comprehensive Loss
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Common stock remained steady and inconsequential in proportional terms.
Capital in excess of par decreased from over 72% in 2020 to around 62.4% by early 2025, indicating a small contraction in this equity component relative to total financing.
Treasury stock increased considerably in magnitude (more negative), from about -72.5% to near -71.5%, with a mid-period spike to over -70%, suggesting active share repurchases or treasury shares being held.
Accumulated other comprehensive loss improved modestly, decreasing (less negative) from about -9.5% to near -5.1% by early 2025, reflecting possibly reduced unrealized losses or revaluation effects.
- Retained Earnings
- Retained earnings showed an incremental upward trend from 57.7% in early 2020 to over 65.6% by late 2024, though it fell back to just above 53% by the first quarter of 2025. This pattern suggests accumulation of earnings over most periods, with some reduction in early 2025.
- Common Stockholders’ Equity and Total Equity
- Both common stockholders' equity and total equity rose from around 48% in early 2020 to peaks above 53% by mid-2023, with moderate fluctuations thereafter, maintaining above 50% through early 2025. This confirms increasing equity dominance in the capital structure.