Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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ConocoPhillips pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
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ConocoPhillips, consolidated balance sheet: liabilities and stockholders’ equity (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).
Overall, the liabilities and stockholders’ equity of the company demonstrate a complex pattern of fluctuation between March 2021 and December 2025. Total liabilities generally increased over the period, with a significant jump in late 2024 and early 2025, while equity experienced periods of growth and decline, ultimately showing an increase over the entire timeframe. A detailed examination of specific liability and equity components reveals nuanced trends.
- Current Liabilities
- Current liabilities exhibited an increasing trend from March 2021 to December 2021, peaking at US$12,021 million. A subsequent decrease was observed through June 2023, followed by another increase, reaching US$12,124 million in December 2024. Fluctuations within this category are largely driven by changes in accounts payable, accrued income taxes, and other accruals. Accounts payable consistently remained a significant portion of current liabilities, increasing from US$3,801 million in March 2021 to US$6,218 million in December 2025. Accrued income and other taxes also showed substantial variability, peaking at US$2,862 million in December 2021 and then declining before rising again to US$1,835 million in December 2025. Short-term debt remained relatively stable, with a decrease observed in the latter part of the period.
- Noncurrent Liabilities
- Noncurrent liabilities remained relatively stable between March 2021 and December 2022, fluctuating around US$33 billion. A substantial increase occurred in December 2024, reaching US$45,860 million, driven primarily by a significant rise in long-term debt. Long-term debt increased from US$19,338 million in March 2021 to US$23,289 million in December 2022, and then dramatically to US$45,860 million in December 2024. Asset retirement obligations and accrued environmental costs also contributed to noncurrent liabilities, showing a steady increase over the period. Deferred income taxes also increased consistently, reaching US$12,237 million by December 2025.
- Stockholders’ Equity
- Total stockholders’ equity experienced moderate growth from March 2021 to December 2025. Common stock remained constant at US$21 million throughout most of the period, increasing to US$23 million in December 2024. Capital in excess of par showed a consistent increase, reaching US$77,728 million in December 2025. Treasury stock consistently decreased, representing a reduction in equity, from -US$47,672 million in March 2021 to -US$76,217 million in December 2025. Accumulated other comprehensive loss remained negative, fluctuating between -US$4,920 million and -US$6,074 million. Retained earnings demonstrated a consistent upward trend, increasing from US$35,608 million in March 2021 to US$68,864 million in December 2025, indicating profitability and reinvestment of earnings.
The significant increase in long-term debt in late 2024 warrants further investigation. While equity increased overall, the substantial changes in treasury stock and accumulated other comprehensive loss require additional analysis to understand their impact on the company’s financial position. The fluctuations in current liabilities suggest a dynamic working capital management environment.