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.

Paying user area

Try for free

ConocoPhillips pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check

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

US$ in millions

Microsoft Excel
Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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
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
Equity
Total liabilities and equity

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).

The balance sheet reflects a significant expansion in total scale, with total liabilities and equity increasing from 83,693 million USD in March 2021 to 124,261 million USD by June 2026. A primary inflection point is observed in December 2024, where a substantial increase in both long-term debt and contributed capital fundamentally shifted the capital structure.

Liability Structure and Trends
Total liabilities grew from 40,538 million USD to 58,912 million USD over the analyzed period. Long-term debt exhibited relative stability between 15,000 and 19,000 million USD until December 2024, at which point it surged to 23,289 million USD and remained elevated through June 2026.
Short-Term Obligations
Current liabilities followed a general upward trend, rising from 7,184 million USD in March 2021 to 12,452 million USD by June 2026. Accounts payable served as the primary driver of this increase, peaking at 7,349 million USD in March 2025.
Long-Term Obligations and Taxes
Asset retirement obligations and accrued environmental costs showed a steady climb from 5,782 million USD to 8,404 million USD. Deferred income taxes experienced the most aggressive growth among non-current liabilities, increasing from 4,982 million USD to 12,387 million USD.
Equity and Retained Earnings
Total equity increased from 43,155 million USD to 65,349 million USD. This growth was heavily supported by retained earnings, which rose consistently from 35,608 million USD in March 2021 to 72,921 million USD by June 2026, indicating sustained profitability and internal capital accumulation.
Capital Management and Share Repurchases
A strong commitment to shareholder returns is evidenced by the steady increase in treasury stock, which moved from -47,672 million USD to -79,251 million USD, reflecting an ongoing share buyback program. Additionally, capital in excess of par remained stable until December 2024, when it jumped from 61,430 million USD to 77,529 million USD.
Comprehensive Loss
Accumulated other comprehensive loss remained relatively stable, fluctuating between -4,808 million USD and -6,473 million USD, suggesting that external market adjustments to equity had a limited impact compared to the scale of retained earnings and capital contributions.