Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

ConocoPhillips, debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data exhibits several notable trends over the period analyzed. Starting with total debt, there is a clear fluctuation with some periods of increase and decrease. Total debt rose sharply from 12,516 million US dollars at the end of 2005 to a peak of 28,653 million in 2009. After this high point, it trended generally downward until 2014, then increased again with some variability, reaching 24,324 million by the end of 2024.

Common stockholders’ equity showed a generally increasing trend from 2005 through 2007, reaching a peak near 88,983 million US dollars in 2007. However, equity decreased sharply during the 2008 financial crisis period to 55,165 million, followed by a period of volatility with a downward trend until 2017. After 2017, equity values stabilized and slowly increased, ending at 64,796 million in 2024.

The debt to equity ratio illustrates the relative use of debt financing compared to equity and reflects the interplay between the two variables described above. Starting at a low level of 0.24 in 2005, it rose significantly to 0.50 by 2008, indicating a higher reliance on debt financing. This elevated ratio was maintained around the mid-0.40s through the early 2010s. During 2014 to 2016, the ratio spiked to a high of 0.78, coinciding with notable decreases in equity and increases in debt, representing a period of increased financial leverage. Following this peak, the ratio gradually declined and stabilized around 0.38 by 2024.

In summary, the company experienced increased financial leverage during periods of elevated debt and decreased equity, especially noticeable around the 2008 financial crisis and mid-2010s. The subsequent reduction in the debt to equity ratio after its peak suggests efforts toward deleveraging and improving the balance sheet structure. The fluctuations in total debt and equity imply that the company managed capital structure actively in response to economic conditions and internal financing strategies.

Total Debt
Displayed notable volatility with a peak in 2009 followed by a reduction and a subsequent increase toward 2024.
Common Stockholders’ Equity
Peaked in 2007, then significantly declined during the financial crisis period, followed by a period of volatility and gradual recovery after 2017.
Debt to Equity Ratio
Increased markedly during crisis periods reflecting higher leverage, peaking in the mid-2010s, and subsequently declined to more moderate levels by 2024.

Comparison to Competitors

ConocoPhillips, debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

ConocoPhillips, debt to equity, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Energy)