Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

ConocoPhillips, consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: 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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Sales and other operating revenues 14,729 14,250 12,351 14,811 18,558 21,013 21,161 17,762 15,120 11,326 9,556 9,826 5,491 4,386 2,749 6,158 7,708 7,756 7,953 9,150
Equity in earnings of affiliates 421 388 412 499 570 561 524 426 332 239 139 122 86 35 77 234 128 290 173 188
Gain (loss) on dispositions 28 108 (1) 93 38 (40) 262 817 192 2 59 233 (2) (3) 596 (42) 82 1,785 82 17
Other income (loss) 129 120 122 114 96 80 42 286 319 49 457 378 474 (38) 594 (1,539) 222 262 172 702
Revenues and other income 15,307 14,866 12,884 15,517 19,262 21,614 21,989 19,291 15,963 11,616 10,211 10,559 6,049 4,380 4,016 4,811 8,140 10,093 8,380 10,057
Purchased commodities (5,678) (5,543) (4,616) (6,138) (8,735) (9,251) (9,234) (6,751) (6,498) (4,179) (2,998) (4,483) (2,448) (1,839) (1,130) (2,661) (2,783) (2,710) (2,674) (3,675)
Production and operating expenses (2,033) (1,995) (1,886) (1,779) (1,885) (1,799) (1,741) (1,581) (1,543) (1,389) (1,379) (1,383) (1,161) (963) (1,047) (1,173) (1,302) (1,331) (1,418) (1,271)
Selling, general and administrative expenses (172) (169) (205) (159) (192) (148) (96) (187) (163) (128) (117) (311) (181) (96) (156) 3 (187) (87) (129) (153)
Exploration expenses (85) (92) (83) (138) (263) (89) (143) (69) (138) (65) (57) (84) (1,047) (125) (97) (188) (151) (360) (122) (110)
Depreciation, depletion and amortization (2,223) (2,095) (2,010) (1,942) (1,999) (1,872) (1,810) (1,823) (1,783) (1,672) (1,867) (1,886) (1,541) (1,411) (1,158) (1,411) (1,488) (1,566) (1,490) (1,546)
Impairments (2) (11) (1) 18 (2) (2) (2) (764) 89 (2) 3 (292) (2) 2 (521) (379) (24) (1) (1)
Taxes other than income taxes (450) (536) (512) (576) (687) (843) (1,020) (814) (480) (403) (381) (370) (184) (179) (141) (250) (247) (237) (194) (275)
Accretion on discounted liabilities (79) (68) (68) (68) (68) (60) (61) (61) (56) (61) (63) (62) (57) (62) (66) (67) (67) (86) (87) (86)
Operating income (loss) 4,585 4,357 3,504 4,716 5,451 7,550 7,882 8,003 4,538 3,808 3,347 1,983 (862) (297) 223 (1,457) 1,536 3,692 2,265 2,940
Interest and debt expense (219) (194) (179) (188) (178) (199) (211) (217) (219) (219) (220) (226) (202) (200) (202) (202) (196) (184) (165) (233)
Foreign currency transaction gain (loss) (95) (55) 14 44 (39) 93 70 (24) 41 10 (10) (19) (16) 5 (7) 90 (47) 21 (28) (12)
Other expenses (7) (8) 23 (10) 1 (4) (86) 136 (24) (17) (37) (24) (6) (20) 7 6 (7) (36) (14) (8)
Income (loss) before income taxes 4,264 4,100 3,362 4,562 5,235 7,440 7,655 7,898 4,336 3,582 3,080 1,714 (1,086) (512) 21 (1,563) 1,286 3,493 2,058 2,687
Income tax (provision) benefit (1,257) (1,302) (1,130) (1,642) (1,986) (2,913) (2,510) (2,139) (1,709) (1,203) (989) (732) 314 62 257 (148) (543) (422) (461) (841)
Net income (loss) 3,007 2,798 2,232 2,920 3,249 4,527 5,145 5,759 2,627 2,379 2,091 982 (772) (450) 278 (1,711) 743 3,071 1,597 1,846
Net income attributable to noncontrolling interests (18) (28) (23) (15) (17) (13)
Net income (loss) attributable to ConocoPhillips 3,007 2,798 2,232 2,920 3,249 4,527 5,145 5,759 2,627 2,379 2,091 982 (772) (450) 260 (1,739) 720 3,056 1,580 1,833

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Sales and other operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. ConocoPhillips sales and other operating revenues increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. ConocoPhillips operating income (loss) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ConocoPhillips income (loss) before income taxes increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net income (loss) attributable to ConocoPhillips The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ConocoPhillips net income (loss) attributable to ConocoPhillips increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.