Stock Analysis on Net
Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

ConocoPhillips, ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income (loss) attributable to ConocoPhillips1 ÷ Common stockholders’ equity1
Dec 31, 2024 = 100 × ÷
Dec 31, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

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 exhibits significant fluctuations over the observed period. After starting at 13,529 million US dollars in 2005, it increased to a peak of 15,550 million in 2006, followed by a gradual decline to 11,891 million in 2007. The year 2008 marked a sharp negative turnaround with a net loss of 16,998 million. Subsequently, net income recovered, peaking again at 12,436 million in 2011. Between 2012 and 2014, earnings showed moderate growth with values around 8,428 to 6,869 million, but 2015 and 2016 registered losses again, with net income of -4,428 million and -3,615 million respectively. Recovery occurred in 2017 and 2018, reaching 6,257 million and 7,189 million before declining sharply to -2,701 million in 2020. Strong rebounds followed in 2021 and 2022 with 8,079 million and 18,680 million. The most recent years, 2023 and 2024, showed a decrease to 10,957 million and 9,245 million respectively.
Common Stockholders’ Equity
Equity levels fluctuated considerably over the period. It began at 52,731 million US dollars in 2005 and increased sharply to 82,646 million by 2006. Equity peaked at 88,983 million in 2007 before dropping substantially to 55,165 million in 2008. The following years saw a gradual recovery up to 68,562 million in 2010. Between 2011 and 2014, equity declined steadily from 65,224 million to 51,911 million, followed by a pronounced fall reaching 30,607 million in 2017. From 2018 onwards, equity showed a generally upward trend, albeit with some volatility, increasing from 31,939 million to 64,796 million in 2024, reflecting improved capital strength in recent years.
Return on Equity (ROE)
The ROE demonstrates significant volatility aligned with net income fluctuations. After a high of 25.66% in 2005, the ratio reduced to 13.36% in 2007 before plummeting to -30.81% in 2008, corresponding to the net loss recorded that year. Recovery ensued with ROE rising to 19.07% in 2011, followed by a rocky period with values falling below zero in 2015 (-11.14%) and 2016 (-10.34%). A positive increase re-emerged in 2018, reaching 20.55%, then dipped to -9.05% in 2020 reflecting the corresponding negative net income. Thereafter, ROE sharply rebounded to 38.91% in 2022, with a subsequent decrease to 14.27% by 2024, indicative of a return to more moderate profitability levels.
Overall Trends and Insights
The financial data reveals a cyclical pattern in profitability and equity values, closely tied to external economic and industry-specific conditions. The period witnessed severe downturns, notably in 2008 and 2015-2016, resulting in negative net earnings and equity contractions. Recovery phases are evident post-crisis periods, with significant rebounds in net income and ROE, particularly after 2020. Despite volatility, the company demonstrates resilience with equity strengthening towards the end of the timeline. The ROE trends mirror the fluctuations in net income, illustrating varying efficiency in generating returns on shareholders' equity throughout the years.

Comparison to Competitors

ConocoPhillips, ROE, long-term trends, comparison to competitors

Microsoft Excel
ConocoPhillips Chevron Corp. Exxon Mobil Corp. Occidental Petroleum Corp.
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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, ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel
ConocoPhillips Oil, Gas & Consumable Fuels
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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, ROE, long-term trends, comparison to industry (energy)

Microsoft Excel
ConocoPhillips Energy
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

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).