Net Profit Margin
since 2005
Calculation
ConocoPhillips, net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to ConocoPhillips1 | ÷ | Sales and other operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 16.89% | = | 100 | × | 9,245) | ÷ | 54,745) |
| Dec 31, 2023 | 19.52% | = | 100 | × | 10,957) | ÷ | 56,141) |
| Dec 31, 2022 | 23.80% | = | 100 | × | 18,680) | ÷ | 78,494) |
| Dec 31, 2021 | 17.63% | = | 100 | × | 8,079) | ÷ | 45,828) |
| Dec 31, 2020 | -14.38% | = | 100 | × | (2,701) | ÷ | 18,784) |
| Dec 31, 2019 | 22.07% | = | 100 | × | 7,189) | ÷ | 32,567) |
| Dec 31, 2018 | 17.18% | = | 100 | × | 6,257) | ÷ | 36,417) |
| Dec 31, 2017 | -2.94% | = | 100 | × | (855) | ÷ | 29,106) |
| Dec 31, 2016 | -15.26% | = | 100 | × | (3,615) | ÷ | 23,693) |
| Dec 31, 2015 | -14.98% | = | 100 | × | (4,428) | ÷ | 29,564) |
| Dec 31, 2014 | 13.08% | = | 100 | × | 6,869) | ÷ | 52,524) |
| Dec 31, 2013 | 16.83% | = | 100 | × | 9,156) | ÷ | 54,413) |
| Dec 31, 2012 | 14.54% | = | 100 | × | 8,428) | ÷ | 57,967) |
| Dec 31, 2011 | 5.08% | = | 100 | × | 12,436) | ÷ | 244,813) |
| Dec 31, 2010 | 6.00% | = | 100 | × | 11,358) | ÷ | 189,441) |
| Dec 31, 2009 | 3.25% | = | 100 | × | 4,858) | ÷ | 149,341) |
| Dec 31, 2008 | -7.06% | = | 100 | × | (16,998) | ÷ | 240,842) |
| Dec 31, 2007 | 6.34% | = | 100 | × | 11,891) | ÷ | 187,437) |
| Dec 31, 2006 | 8.47% | = | 100 | × | 15,550) | ÷ | 183,650) |
| Dec 31, 2005 | 7.54% | = | 100 | × | 13,529) | ÷ | 179,442) |
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
- Net Income (Loss) Attributable to ConocoPhillips
- Net income exhibited significant volatility over the observed period. After reaching a peak of 15,550 million USD in 2006, it declined sharply in 2008 to a loss of 16,998 million USD. This was followed by a period of recovery and fluctuation, with positive income in most years except for losses recorded in 2015, 2016, 2018, and 2020. The largest net income was recorded in 2022 at 18,680 million USD, while recent years such as 2023 and 2024 showed a decline to 10,957 million and 9,245 million USD respectively, indicating some variability but generally maintaining profitability.
- Sales and Other Operating Revenues
- Sales revenue showed a generally declining trend after an initial rise. Early years showed revenues consistently above 179 billion USD, peaking in 2011 at approximately 245 billion USD. Subsequently, there was a drastic drop in 2012 to levels below 60 billion USD, with revenues fluctuating mostly below 80 billion USD in later years. This marked decrease suggests a substantial contraction or restructuring in operations or market conditions impacting sales.
- Net Profit Margin
- The net profit margin showed considerable fluctuations, ranging from strong positive margins to negative values in several years. Margins peaked at 23.8% in 2022, following a dip to -15.26% in 2016, reflecting high profitability variability. Positive margins generally align with years of positive net income, while negative margins correspond to years with losses. This volatility indicates cyclicality or sensitivity to external factors affecting profitability.
- Overall Observations
- The financial performance exhibits cyclical patterns with periods of strong profitability followed by steep declines resulting in losses. The substantial drop in sales revenues starting in 2012 indicates a major shift in operational scale or market environment. Despite this, net profit margins have at times improved significantly, suggesting some efficiency or cost management improvements during periods of lower revenue. The recent stabilization of net income and profit margins in the 2022 to 2024 period suggests potential recovery or adaptation to new market conditions. However, the persistent variability highlights ongoing risks and uncertainties affecting the company’s financial stability.
Comparison to Competitors
ConocoPhillips, net profit margin, long-term trends, comparison to competitors
| ConocoPhillips | Chevron Corp. | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 16.89% | 9.13% | 9.93% | 11.43% |
| Dec 31, 2023 | 19.52% | 10.85% | 10.76% | 16.62% |
| Dec 31, 2022 | 23.80% | 15.05% | 13.98% | 36.32% |
| Dec 31, 2021 | 17.63% | 10.04% | 8.33% | 8.95% |
| Dec 31, 2020 | -14.38% | -5.87% | -12.57% | -83.28% |
| Dec 31, 2019 | 22.07% | 2.09% | 5.61% | -3.27% |
| Dec 31, 2018 | 17.18% | 9.33% | 7.46% | 23.18% |
| Dec 31, 2017 | -2.94% | 6.83% | 8.31% | 10.48% |
| Dec 31, 2016 | -15.26% | -0.45% | 3.59% | -5.69% |
| Dec 31, 2015 | -14.98% | 3.53% | 6.22% | -62.73% |
| Dec 31, 2014 | 13.08% | 9.60% | 8.25% | 3.19% |
| Dec 31, 2013 | 16.83% | 9.73% | 7.74% | 24.14% |
| Dec 31, 2012 | 14.54% | 11.35% | 9.90% | 19.02% |
| Dec 31, 2011 | 5.08% | 11.01% | 8.79% | 28.28% |
| Dec 31, 2010 | 6.00% | 9.60% | 8.23% | 23.79% |
| Dec 31, 2009 | 3.25% | 6.26% | 6.39% | 18.92% |
| Dec 31, 2008 | -7.06% | 9.03% | 9.84% | 28.31% |
| Dec 31, 2007 | 6.34% | 8.73% | 10.40% | 28.75% |
| Dec 31, 2006 | 8.47% | 8.36% | 10.81% | 23.68% |
| Dec 31, 2005 | 7.54% | 7.28% | 10.07% | 34.73% |
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, net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ConocoPhillips | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 16.89% | 10.36% |
| Dec 31, 2023 | 19.52% | 11.86% |
| Dec 31, 2022 | 23.80% | 16.44% |
| Dec 31, 2021 | 17.63% | 9.73% |
| Dec 31, 2020 | -14.38% | -14.70% |
| Dec 31, 2019 | 22.07% | 5.30% |
| Dec 31, 2018 | 17.18% | 9.35% |
| Dec 31, 2017 | -2.94% | 7.10% |
| Dec 31, 2016 | -15.26% | 0.87% |
| Dec 31, 2015 | -14.98% | 1.97% |
| Dec 31, 2014 | 13.08% | 8.89% |
| Dec 31, 2013 | 16.83% | 9.59% |
| Dec 31, 2012 | 14.54% | 10.98% |
| Dec 31, 2011 | 5.08% | 8.89% |
| Dec 31, 2010 | 6.00% | 8.42% |
| Dec 31, 2009 | 3.25% | 5.92% |
| Dec 31, 2008 | -7.06% | 5.96% |
| Dec 31, 2007 | 6.34% | 9.45% |
| Dec 31, 2006 | 8.47% | 9.90% |
| Dec 31, 2005 | 7.54% | 9.24% |
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)
ConocoPhillips, net profit margin, long-term trends, comparison to industry (energy)
| ConocoPhillips | Energy | |
|---|---|---|
| Dec 31, 2024 | 16.89% | 10.47% |
| Dec 31, 2023 | 19.52% | 11.90% |
| Dec 31, 2022 | 23.80% | 16.28% |
| Dec 31, 2021 | 17.63% | 9.67% |
| Dec 31, 2020 | -14.38% | -16.81% |
| Dec 31, 2019 | 22.07% | 2.84% |
| Dec 31, 2018 | 17.18% | 9.17% |
| Dec 31, 2017 | -2.94% | 6.28% |
| Dec 31, 2016 | -15.26% | 0.38% |
| Dec 31, 2015 | -14.98% | 2.26% |
| Dec 31, 2014 | 13.08% | 9.05% |
| Dec 31, 2013 | 16.83% | 9.91% |
| Dec 31, 2012 | 14.54% | 11.09% |
| Dec 31, 2011 | 5.08% | 9.04% |
| Dec 31, 2010 | 6.00% | 8.66% |
| Dec 31, 2009 | 3.25% | 6.20% |
| Dec 31, 2008 | -7.06% | 6.34% |
| Dec 31, 2007 | 6.34% | 9.80% |
| Dec 31, 2006 | 8.47% | 10.13% |
| Dec 31, 2005 | 7.54% | 9.36% |
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).