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.

ConocoPhillips, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Accounts payable	6,517)	7,349)	6,044)	5,190)	5,156)	5,138)	5,117)	5,143)	4,626)	5,100)	6,163)	6,268)	5,873)	4,897)	5,025)	4,131)	3,613)	3,801)	2,698)	2,239)	2,080)	2,921)
Short-term debt	414)	608)	1,035)	1,314)	1,312)	1,113)	1,074)	881)	879)	1,317)	417)	664)	676)	1,160)	1,200)	920)	1,205)	689)	619)	482)	146)	126)
Accrued income and other taxes	1,742)	2,919)	2,460)	2,473)	2,016)	2,116)	1,811)	1,919)	1,692)	2,847)	3,193)	3,187)	2,759)	3,162)	2,862)	2,082)	1,406)	959)	320)	339)	312)	853)
Employee benefit obligations	710)	652)	1,087)	627)	516)	405)	774)	691)	552)	420)	728)	628)	529)	446)	755)	691)	571)	567)	608)	469)	422)	323)
Other accruals	1,603)	1,801)	1,498)	1,161)	1,324)	1,391)	1,229)	1,704)	1,799)	1,869)	2,346)	3,250)	2,379)	1,959)	2,179)	2,625)	1,355)	1,168)	1,121)	1,111)	1,145)	1,852)
Current liabilities	10,986)	13,329)	12,124)	10,765)	10,324)	10,163)	10,005)	10,338)	9,548)	11,553)	12,847)	13,997)	12,216)	11,624)	12,021)	10,449)	8,150)	7,184)	5,366)	4,640)	4,105)	6,075)
Long-term debt	23,115)	23,176)	23,289)	16,990)	17,040)	17,304)	17,863)	18,182)	15,565)	15,266)	16,226)	16,297)	16,295)	17,586)	18,734)	18,748)	18,805)	19,338)	14,750)	14,905)	14,852)	14,847)
Asset retirement obligations and accrued environmental costs	8,225)	8,146)	8,089)	7,337)	7,238)	7,141)	7,220)	6,425)	6,357)	6,324)	6,401)	5,729)	5,737)	5,815)	5,754)	5,721)	5,819)	5,782)	5,430)	5,651)	5,465)	5,316)
Deferred income taxes	11,766)	11,483)	11,426)	8,986)	8,927)	8,776)	8,813)	8,325)	8,038)	7,927)	7,726)	7,218)	6,694)	6,556)	6,179)	5,630)	5,331)	4,982)	3,747)	3,854)	3,901)	4,141)
Employee benefit obligations	999)	999)	1,022)	945)	990)	967)	1,009)	956)	981)	1,007)	1,074)	1,087)	1,080)	1,085)	1,153)	1,162)	1,297)	1,530)	1,697)	1,661)	1,586)	1,563)
Other liabilities and deferred credits	1,936)	1,883)	2,034)	1,795)	1,730)	1,672)	1,735)	1,680)	1,585)	1,581)	1,552)	1,430)	1,469)	1,424)	1,414)	1,479)	1,725)	1,722)	1,779)	1,663)	1,644)	1,704)
Noncurrent liabilities	46,041)	45,687)	45,860)	36,053)	35,925)	35,860)	36,640)	35,568)	32,526)	32,105)	32,979)	31,761)	31,275)	32,466)	33,234)	32,740)	32,977)	33,354)	27,403)	27,734)	27,448)	27,571)
Total liabilities	57,027)	59,016)	57,984)	46,818)	46,249)	46,023)	46,645)	45,906)	42,074)	43,658)	45,826)	45,758)	43,491)	44,090)	45,255)	43,189)	41,127)	40,538)	32,769)	32,374)	31,553)	33,646)
Common stock, $0.01 par value	23)	23)	23)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	21)	18)	18)	18)	18)
Capital in excess of par	77,643)	77,554)	77,529)	61,430)	61,381)	61,300)	61,303)	61,262)	61,169)	61,100)	61,142)	61,089)	61,045)	60,907)	60,581)	60,431)	60,337)	60,278)	47,133)	47,113)	47,079)	47,027)
Treasury stock, at cost	(73,899)	(72,666)	(71,152)	(69,184)	(68,005)	(66,974)	(65,640)	(64,529)	(63,217)	(61,904)	(60,189)	(57,444)	(54,644)	(52,344)	(50,920)	(49,521)	(48,278)	(47,672)	(47,297)	(47,130)	(47,130)	(47,130)
Accumulated other comprehensive loss	(5,902)	(6,394)	(6,473)	(5,845)	(5,961)	(5,917)	(5,673)	(5,961)	(5,925)	(6,027)	(6,000)	(5,865)	(5,313)	(4,808)	(4,950)	(5,123)	(4,920)	(5,080)	(5,218)	(5,666)	(5,825)	(6,145)
Retained earnings	67,707)	66,721)	64,869)	63,459)	62,309)	60,895)	59,268)	56,952)	55,483)	54,593)	53,029)	51,278)	49,093)	45,442)	40,674)	38,307)	37,116)	35,608)	35,213)	36,448)	37,351)	37,545)
Common stockholders’ equity	65,572)	65,238)	64,796)	49,881)	49,745)	49,325)	49,279)	47,745)	47,531)	47,783)	48,003)	49,079)	50,202)	49,218)	45,406)	44,115)	44,276)	43,155)	29,849)	30,783)	31,493)	31,315)
Noncontrolling interests	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	72)
Total equity	65,572)	65,238)	64,796)	49,881)	49,745)	49,325)	49,279)	47,745)	47,531)	47,783)	48,003)	49,079)	50,202)	49,218)	45,406)	44,115)	44,276)	43,155)	29,849)	30,783)	31,493)	31,387)
Total liabilities and equity	122,599)	124,254)	122,780)	96,699)	95,994)	95,348)	95,924)	93,651)	89,605)	91,441)	93,829)	94,837)	93,693)	93,308)	90,661)	87,304)	85,403)	83,693)	62,618)	63,157)	63,046)	65,033)

Accounts payable: The accounts payable balance exhibits a fluctuating trend with a general increase over time. Starting from 2,921 million USD in Q1 2020, it reaches a high of approximately 7,349 million USD in Q2 2025, indicating increasing short-term obligations to suppliers or creditors.
Short-term debt: Short-term debt shows volatility, initially rising from 126 million USD in Q1 2020 to a peak around 1,317 million USD in Q1 2023, then declining to 414 million USD by Q2 2025. This suggests varied reliance on short-term borrowings with a recent reduction in short-term liabilities.
Accrued income and other taxes: This liability grows notably from 853 million USD in Q1 2020 to a peak exceeding 3,000 million USD in Q1 2022, then experiences fluctuations with a downward adjustment towards 1,742 million USD in Q2 2025. The trend reflects increased tax obligations mid-period, followed by some stabilization.
Employee benefit obligations (current): Current employee benefit obligations increase from 323 million USD in Q1 2020, peaking at 1,087 million USD in Q1 2025, indicating rising accrued costs related to employee benefits over the observed timeframe.
Other accruals: Other accruals demonstrate considerable volatility, initially dropping from 1,852 million USD in Q1 2020 to about 1,111 million USD in Q3 2020, but then climbing sharply to a peak of 3,250 million USD in Q3 2022. The latter part of the period shows a decline to 1,603 million USD by Q2 2025, suggesting episodic accrual activities.
Current liabilities: Current liabilities grow substantially during the timeframe, increasing from 6,075 million USD at the start to a peak of 13,329 million USD by Q2 2025, which indicates a growing short-term obligations position with some fluctuations toward the end.
Long-term debt: Long-term debt is relatively stable around 14,800–18,700 million USD from early 2020 through 2022, before increasing significantly to over 23,000 million USD in 2025. This trend signals a strategic increase in long-term borrowing in the later period.
Asset retirement obligations and accrued environmental costs: This obligation steadily rises overall, from 5,316 million USD in Q1 2020 to over 8,200 million USD by Q2 2025, reflecting increasing accruals associated with asset retirement and environmental liabilities.
Deferred income taxes: Deferred taxes show a consistent upward trend, almost tripling from 4,141 million USD in Q1 2020 to approximately 11,766 million USD by Q2 2025, highlighting mounting deferred tax liabilities potentially due to timing differences or changes in tax positions.
Employee benefit obligations (noncurrent): Noncurrent employee benefit obligations exhibit a modest decline over the period from 1,563 million USD in Q1 2020 to around 999 million USD by mid-2025, indicating some reduction in long-term employee benefits liabilities.
Other liabilities and deferred credits: These liabilities remain relatively stable around 1,400–2,000 million USD, with minor fluctuations, showing no significant upward or downward trend.
Noncurrent liabilities: Noncurrent liabilities see an increase from about 27,571 million USD in early 2020 to a peak near 46,041 million USD by Q2 2025, driven largely by increased long-term debt and asset retirement obligations.
Total liabilities: Total liabilities grow from 33,646 million USD in Q1 2020 to peak above 59,000 million USD in mid-2025 before slightly decreasing toward 57,027 million USD. This overall rise indicates increasing obligation levels over the period analyzed.
Common stock and capital accounts: Common stock balance remains essentially constant around 18 to 23 million USD. Capital in excess of par stays stable until 2024, followed by a marked increase starting in early 2025, reaching approximately 77,643 million USD, suggesting equity injections or recorded capital increases during this later period.
Treasury stock: Treasury stock steadily rises in absolute cost from -47,130 million USD to approximately -73,899 million USD, indicating ongoing stock repurchases or holdings of treasury shares increasing over time.
Accumulated other comprehensive loss: This deficit fluctuates between about -5,000 and -6,500 million USD, with moderate volatility but no significant directional change, suggesting consistent comprehensive loss components such as foreign currency translation or unrealized losses.
Retained earnings: Retained earnings show a strong positive trend, doubling from 37,545 million USD in early 2020 to nearly 67,707 million USD by mid-2025, reflecting accumulation of net income retained within the company.
Common stockholders’ equity: Equity rises notably from approximately 31,315 million USD in Q1 2020 to a peak near 65,572 million USD by the middle of 2025, mirroring increased retained earnings and capital contributions.
Total equity: Total equity follows the same increasing trend, growing from 31,387 million USD to 65,572 million USD, indicating strengthening of the company’s financial base through equity.
Total liabilities and equity: The aggregate of liabilities and equity expands from roughly 65,033 million USD in Q1 2020 to a peak of over 124,000 million USD in mid-2025, confirming overall balance sheet growth with expanded financial resources and obligations.

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ConocoPhillips (NYSE:COP)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data