Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

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

US$ in millions

Microsoft Excel
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
Short-term debt
Accrued income and other taxes
Employee benefit obligations
Other accruals
Current liabilities
Long-term debt
Asset retirement obligations and accrued environmental costs
Deferred income taxes
Employee benefit obligations
Other liabilities and deferred credits
Noncurrent liabilities
Total liabilities
Common stock, $0.01 par value
Capital in excess of par
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Common stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 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), 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).

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.