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.
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ConocoPhillips pages available for free this week:
- Statement of Comprehensive Income
- Cash Flow Statement
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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ConocoPhillips, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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).
Total assets exhibit a significant upward trajectory over the analyzed period, growing from 83,693 million US dollars in March 2021 to 124,261 million US dollars by June 2026. This growth is primarily driven by a substantial expansion in noncurrent assets, particularly within the property, plant, and equipment category, while current assets remained relatively stable with moderate fluctuations.
- Liquidity and Current Asset Trends
- Current assets fluctuated between a low of 13,501 million US dollars in June 2023 and a peak of 20,453 million US dollars in September 2022. Cash and cash equivalents showed considerable volatility, peaking at 9,833 million US dollars in September 2021 before stabilizing in a range between 4,294 million and 8,830 million US dollars. Short-term investments experienced a general decline from 4,104 million US dollars in March 2021 to levels frequently below 1,000 million US dollars in the later periods, suggesting a shift in the management of short-term liquidity.
- Accounts and notes receivable, net, peaked in March 2022 at 7,879 million US dollars and subsequently stabilized, ending the period at 6,957 million US dollars in June 2026. Inventories demonstrated a gradual and consistent increase, rising from 1,098 million US dollars in March 2021 to 1,879 million US dollars by June 2026, indicating a growth in operational scale or strategic stockpiling.
- Noncurrent Asset Expansion and Capital Investment
- Noncurrent assets grew from 69,079 million US dollars in March 2021 to 105,066 million US dollars in June 2026. The primary driver of this increase was Net properties, plants and equipment, which rose from 58,270 million US dollars in March 2021 to 91,248 million US dollars by June 2026.
- A critical inflection point is observed between September 30, 2024, and December 31, 2024, where Net properties, plants and equipment increased sharply from 70,725 million US dollars to 94,356 million US dollars. This single-quarter surge of approximately 23,631 million US dollars accounts for the majority of the overall increase in total assets during the latter half of the period, suggesting a major acquisition or a large-scale capital project completion.
- Long-term Investment and Other Assets
- Investments and long-term receivables showed a steady upward trend, increasing from 8,286 million US dollars in March 2021 to 10,345 million US dollars in June 2026, reflecting a consistent allocation toward long-term financial instruments. Other assets also increased incrementally over the period, starting at 2,464 million US dollars and reaching 3,473 million US dollars by the end of the analysis.