Return on Assets (ROA)
since 2005
Calculation
ConocoPhillips, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 6.55% | = | 100 | × | 7,988) | ÷ | 121,939) |
| Dec 31, 2024 | 7.53% | = | 100 | × | 9,245) | ÷ | 122,780) |
| Dec 31, 2023 | 11.42% | = | 100 | × | 10,957) | ÷ | 95,924) |
| Dec 31, 2022 | 19.91% | = | 100 | × | 18,680) | ÷ | 93,829) |
| Dec 31, 2021 | 8.91% | = | 100 | × | 8,079) | ÷ | 90,661) |
| Dec 31, 2020 | -4.31% | = | 100 | × | (2,701) | ÷ | 62,618) |
| Dec 31, 2019 | 10.20% | = | 100 | × | 7,189) | ÷ | 70,514) |
| Dec 31, 2018 | 8.94% | = | 100 | × | 6,257) | ÷ | 69,980) |
| Dec 31, 2017 | -1.17% | = | 100 | × | (855) | ÷ | 73,362) |
| Dec 31, 2016 | -4.03% | = | 100 | × | (3,615) | ÷ | 89,772) |
| Dec 31, 2015 | -4.54% | = | 100 | × | (4,428) | ÷ | 97,484) |
| Dec 31, 2014 | 5.89% | = | 100 | × | 6,869) | ÷ | 116,539) |
| Dec 31, 2013 | 7.76% | = | 100 | × | 9,156) | ÷ | 118,057) |
| Dec 31, 2012 | 7.19% | = | 100 | × | 8,428) | ÷ | 117,144) |
| Dec 31, 2011 | 8.12% | = | 100 | × | 12,436) | ÷ | 153,230) |
| Dec 31, 2010 | 7.27% | = | 100 | × | 11,358) | ÷ | 156,314) |
| Dec 31, 2009 | 3.18% | = | 100 | × | 4,858) | ÷ | 152,588) |
| Dec 31, 2008 | -11.90% | = | 100 | × | (16,998) | ÷ | 142,865) |
| Dec 31, 2007 | 6.69% | = | 100 | × | 11,891) | ÷ | 177,757) |
| Dec 31, 2006 | 9.44% | = | 100 | × | 15,550) | ÷ | 164,781) |
| Dec 31, 2005 | 12.64% | = | 100 | × | 13,529) | ÷ | 106,999) |
Based on: 10-K (reporting date: 2025-12-31), 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 Return on Assets (ROA) exhibited considerable fluctuation over the period examined, ranging from a high of 19.91% to a low of -11.90%. The initial years, 2005 through 2008, demonstrate a general decline in ROA, culminating in a substantial loss in 2008. A recovery period followed from 2009 to 2011, with ROA increasing to 8.12% in 2011. Subsequent years, 2012-2015, show a gradual decrease, reaching negative values in both 2014 and 2015. A significant rebound occurred in 2016 and 2017, peaking at 10.20% in 2019. The year 2020 experienced a considerable decline, followed by a strong recovery in 2021 and a slight decrease in 2022 and 2023. The final two years, 2024 and 2025, show a modest decline in ROA.
- Overall Trend
- The ROA demonstrates a cyclical pattern, influenced by periods of profitability and asset base changes. While there are periods of sustained growth, the metric is prone to significant swings, indicating sensitivity to external factors or internal strategic shifts.
- Profitability Impact
- Net income appears to be a primary driver of ROA fluctuations. The negative ROA values in 2008, 2014, 2015, and 2020 directly correlate with net losses reported in those years. Conversely, periods of strong net income, such as 2005-2007, 2010-2013, and 2021-2022, coincide with higher ROA values.
- Asset Base Influence
- Changes in total assets also play a role. The substantial increase in total assets between 2005 and 2007 did not translate into a proportional increase in ROA, suggesting that asset utilization efficiency may have been a factor. The decrease in total assets from 2008 to 2011, coupled with improving net income, contributed to the ROA recovery during that period. The significant increase in total assets in 2021 and 2022, alongside strong net income, resulted in a peak ROA of 19.91% in 2022.
- Recent Performance
- The ROA in the most recent years, 2023-2025, indicates a slight downward trend from the high achieved in 2022. While remaining positive, the decreasing ROA suggests a potential moderation in profitability relative to the asset base.
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Comparison to Competitors
ConocoPhillips, ROA, long-term trends, comparison to competitors
| ConocoPhillips | Chevron Corp. | Exxon Mobil Corp. | |
|---|---|---|---|
| Dec 31, 2025 | 6.55% | 3.80% | 6.42% |
| Dec 31, 2024 | 7.53% | 6.87% | 7.43% |
| Dec 31, 2023 | 11.42% | 8.17% | 9.57% |
| Dec 31, 2022 | 19.91% | 13.76% | 15.10% |
| Dec 31, 2021 | 8.91% | 6.52% | 6.80% |
| Dec 31, 2020 | -4.31% | -2.31% | -6.74% |
| Dec 31, 2019 | 10.20% | 1.23% | 3.95% |
| Dec 31, 2018 | 8.94% | 5.84% | 6.02% |
| Dec 31, 2017 | -1.17% | 3.62% | 5.65% |
| Dec 31, 2016 | -4.03% | -0.19% | 2.37% |
| Dec 31, 2015 | -4.54% | 1.72% | 4.80% |
| Dec 31, 2014 | 5.89% | 7.23% | 9.30% |
| Dec 31, 2013 | 7.76% | 8.44% | 9.39% |
| Dec 31, 2012 | 7.19% | 11.24% | 13.45% |
| Dec 31, 2011 | 8.12% | 12.84% | 12.40% |
| Dec 31, 2010 | 7.27% | 10.30% | 10.07% |
| Dec 31, 2009 | 3.18% | 6.37% | 8.26% |
| Dec 31, 2008 | -11.90% | 14.85% | 19.83% |
| Dec 31, 2007 | 6.69% | 12.56% | 16.78% |
| Dec 31, 2006 | 9.44% | 12.92% | 18.04% |
| Dec 31, 2005 | 12.64% | 11.20% | 17.34% |
Based on: 10-K (reporting date: 2025-12-31), 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, ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ConocoPhillips | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 6.55% | 5.49% |
| Dec 31, 2024 | 7.53% | 7.27% |
| Dec 31, 2023 | 11.42% | 9.31% |
| Dec 31, 2022 | 19.91% | 15.25% |
| Dec 31, 2021 | 8.91% | 6.99% |
| Dec 31, 2020 | -4.31% | -4.83% |
| Dec 31, 2019 | 10.20% | 3.65% |
| Dec 31, 2018 | 8.94% | 6.26% |
| Dec 31, 2017 | -1.17% | 4.15% |
| Dec 31, 2016 | -4.03% | 0.55% |
| Dec 31, 2015 | -4.54% | 2.33% |
| Dec 31, 2014 | 5.89% | 8.01% |
| Dec 31, 2013 | 7.76% | 8.79% |
| Dec 31, 2012 | 7.19% | 11.62% |
| Dec 31, 2011 | 8.12% | 11.59% |
| Dec 31, 2010 | 7.27% | 9.45% |
| Dec 31, 2009 | 3.18% | 6.29% |
| Dec 31, 2008 | -11.90% | 9.80% |
| Dec 31, 2007 | 6.69% | 12.52% |
| Dec 31, 2006 | 9.44% | 13.98% |
| Dec 31, 2005 | 12.64% | 14.45% |
Based on: 10-K (reporting date: 2025-12-31), 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, ROA, long-term trends, comparison to industry (energy)
| ConocoPhillips | Energy | |
|---|---|---|
| Dec 31, 2025 | 6.55% | 5.53% |
| Dec 31, 2024 | 7.53% | 7.37% |
| Dec 31, 2023 | 11.42% | 9.28% |
| Dec 31, 2022 | 19.91% | 14.84% |
| Dec 31, 2021 | 8.91% | 6.84% |
| Dec 31, 2020 | -4.31% | -6.08% |
| Dec 31, 2019 | 10.20% | 1.97% |
| Dec 31, 2018 | 8.94% | 5.95% |
| Dec 31, 2017 | -1.17% | 3.55% |
| Dec 31, 2016 | -4.03% | 0.27% |
| Dec 31, 2015 | -4.54% | 2.39% |
| Dec 31, 2014 | 5.89% | 8.02% |
| Dec 31, 2013 | 7.76% | 8.90% |
| Dec 31, 2012 | 7.19% | 11.40% |
| Dec 31, 2011 | 8.12% | 11.40% |
| Dec 31, 2010 | 7.27% | 9.36% |
| Dec 31, 2009 | 3.18% | 6.46% |
| Dec 31, 2008 | -11.90% | 10.21% |
| Dec 31, 2007 | 6.69% | 12.80% |
| Dec 31, 2006 | 9.44% | 14.07% |
| Dec 31, 2005 | 12.64% | 14.36% |
Based on: 10-K (reporting date: 2025-12-31), 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).