Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
Paying user area
Try for free
ConocoPhillips pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to ConocoPhillips for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
ConocoPhillips, consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
Total assets exhibited a generally increasing trend over the observed period, though with some fluctuations. Beginning at US$83.693 billion in March 2021, total assets peaked at US$122.780 billion in December 2024 before decreasing slightly to US$121.939 billion by December 2025. The most significant increase occurred between December 2024 and December 2025, driven primarily by changes in noncurrent assets.
- Current Assets
- Current assets demonstrated considerable volatility. They rose from US$14.614 billion in March 2021 to a high of US$20.181 billion in September 2021, then decreased to US$13.501 billion by March 2023. A subsequent increase brought them to US$17.181 billion in September 2023, followed by a decline to US$15.532 billion by December 2025. Within current assets, cash and cash equivalents showed substantial fluctuations, peaking at US$9.833 billion in September 2021 and ending at US$6.497 billion in December 2025. Accounts and notes receivable generally increased from US$4.481 billion to US$5.813 billion over the period, with some quarterly variations. Inventories displayed a consistent upward trend, increasing from US$1.098 billion in March 2021 to US$1.873 billion in December 2025.
- Noncurrent Assets
- Noncurrent assets were the primary driver of the overall asset growth. They increased steadily from US$69.079 billion in March 2021 to US$107.133 billion in December 2024, before decreasing to US$106.407 billion by December 2025. Net properties, plants, and equipment constituted the largest portion of noncurrent assets, rising significantly from US$58.270 billion to US$93.239 billion over the period. Investments and long-term receivables remained relatively stable, fluctuating between approximately US$8.2 billion and US$9.8 billion. Other assets also showed a gradual increase, from US$2.464 billion to US$2.983 billion.
- Specific Investments
- Investment in Cenovus Energy was reported for the first four quarters of the observed period, declining from US$1.564 billion to US$1.117 billion. This investment was no longer reported after December 2021. Short-term investments experienced fluctuations, peaking at US$4.104 billion in March 2021 and decreasing to US$484 billion by December 2025.
The composition of assets shifted over time, with noncurrent assets becoming a larger proportion of the total. This suggests a potential long-term investment strategy focused on property, plant, and equipment. The volatility in current assets, particularly cash and cash equivalents, may reflect operational cash flow management and investment activities.