Total Asset Turnover
since 2005
Calculation
ConocoPhillips, total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales and other operating revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 0.48 | = | 58,944) | ÷ | 121,939) |
| Dec 31, 2024 | 0.45 | = | 54,745) | ÷ | 122,780) |
| Dec 31, 2023 | 0.59 | = | 56,141) | ÷ | 95,924) |
| Dec 31, 2022 | 0.84 | = | 78,494) | ÷ | 93,829) |
| Dec 31, 2021 | 0.51 | = | 45,828) | ÷ | 90,661) |
| Dec 31, 2020 | 0.30 | = | 18,784) | ÷ | 62,618) |
| Dec 31, 2019 | 0.46 | = | 32,567) | ÷ | 70,514) |
| Dec 31, 2018 | 0.52 | = | 36,417) | ÷ | 69,980) |
| Dec 31, 2017 | 0.40 | = | 29,106) | ÷ | 73,362) |
| Dec 31, 2016 | 0.26 | = | 23,693) | ÷ | 89,772) |
| Dec 31, 2015 | 0.30 | = | 29,564) | ÷ | 97,484) |
| Dec 31, 2014 | 0.45 | = | 52,524) | ÷ | 116,539) |
| Dec 31, 2013 | 0.46 | = | 54,413) | ÷ | 118,057) |
| Dec 31, 2012 | 0.49 | = | 57,967) | ÷ | 117,144) |
| Dec 31, 2011 | 1.60 | = | 244,813) | ÷ | 153,230) |
| Dec 31, 2010 | 1.21 | = | 189,441) | ÷ | 156,314) |
| Dec 31, 2009 | 0.98 | = | 149,341) | ÷ | 152,588) |
| Dec 31, 2008 | 1.69 | = | 240,842) | ÷ | 142,865) |
| Dec 31, 2007 | 1.05 | = | 187,437) | ÷ | 177,757) |
| Dec 31, 2006 | 1.11 | = | 183,650) | ÷ | 164,781) |
| Dec 31, 2005 | 1.68 | = | 179,442) | ÷ | 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 total asset turnover ratio for the period examined demonstrates considerable fluctuation. Initially, the ratio exhibited a decline from 1.68 in 2005 to 1.11 in 2006, followed by a further decrease to 1.05 in 2007. A subsequent increase was observed in 2008, reaching 1.69, before declining again to 0.98 in 2009.
From 2010 through 2012, the ratio showed some recovery, peaking at 1.60 in 2011, but then experienced a significant drop to 0.49 in 2012. This downward trend continued through 2015, reaching a low of 0.26. A modest recovery occurred in 2017, with the ratio reaching 0.40, followed by a further increase to 0.52 in 2018.
The period from 2019 to 2021 showed volatility. The ratio decreased to 0.46 in 2019, then fell to 0.30 in 2020, before rising substantially to 0.51 in 2021. A more pronounced increase was observed in 2022, with the ratio reaching 0.84. However, this was followed by a decrease to 0.59 in 2023 and a slight increase to 0.48 in 2025.
- Overall Trend
- The overall trend is characterized by significant variability rather than a consistent upward or downward movement. While there are periods of improvement, these are often followed by declines. The ratio generally remained below the initial level observed in 2005 for much of the period.
- Recent Performance (2020-2025)
- The most recent five-year period shows a pattern of fluctuation, with a notable peak in 2022 followed by a decline in 2023 and a slight recovery in 2025. This suggests potential instability in the efficiency with which assets are being utilized to generate sales.
- Low Points
- The lowest points in the ratio occurred in 2015 (0.26) and 2020 (0.30), indicating periods of particularly low asset utilization. These periods warrant further investigation to understand the underlying causes.
- High Points
- The highest points were observed in 2005 (1.68) and 2008 (1.69) and 2011 (1.60), representing periods of relatively efficient asset utilization. Comparing the factors present during these periods with those during low points could provide valuable insights.
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Comparison to Competitors
ConocoPhillips, total asset turnover, long-term trends, comparison to competitors
| ConocoPhillips | Chevron Corp. | Exxon Mobil Corp. | |
|---|---|---|---|
| Dec 31, 2025 | 0.48 | 0.57 | 0.72 |
| Dec 31, 2024 | 0.45 | 0.75 | 0.75 |
| Dec 31, 2023 | 0.59 | 0.75 | 0.89 |
| Dec 31, 2022 | 0.84 | 0.91 | 1.08 |
| Dec 31, 2021 | 0.51 | 0.65 | 0.82 |
| Dec 31, 2020 | 0.30 | 0.39 | 0.54 |
| Dec 31, 2019 | 0.46 | 0.59 | 0.70 |
| Dec 31, 2018 | 0.52 | 0.63 | 0.81 |
| Dec 31, 2017 | 0.40 | 0.53 | 0.68 |
| Dec 31, 2016 | 0.26 | 0.42 | 0.66 |
| Dec 31, 2015 | 0.30 | 0.49 | 0.77 |
| Dec 31, 2014 | 0.45 | 0.75 | 1.13 |
| Dec 31, 2013 | 0.46 | 0.87 | 1.21 |
| Dec 31, 2012 | 0.49 | 0.99 | 1.36 |
| Dec 31, 2011 | 1.60 | 1.17 | 1.41 |
| Dec 31, 2010 | 1.21 | 1.07 | 1.22 |
| Dec 31, 2009 | 0.98 | 1.02 | 1.29 |
| Dec 31, 2008 | 1.69 | 1.64 | 2.02 |
| Dec 31, 2007 | 1.05 | 1.44 | 1.61 |
| Dec 31, 2006 | 1.11 | 1.54 | 1.67 |
| Dec 31, 2005 | 1.68 | 1.54 | 1.72 |
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, total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ConocoPhillips | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 0.48 | 0.63 |
| Dec 31, 2024 | 0.45 | 0.71 |
| Dec 31, 2023 | 0.59 | 0.80 |
| Dec 31, 2022 | 0.84 | 0.99 |
| Dec 31, 2021 | 0.51 | 0.71 |
| Dec 31, 2020 | 0.30 | 0.46 |
| Dec 31, 2019 | 0.46 | 0.64 |
| Dec 31, 2018 | 0.52 | 0.71 |
| Dec 31, 2017 | 0.40 | 0.59 |
| Dec 31, 2016 | 0.26 | 0.52 |
| Dec 31, 2015 | 0.30 | 0.60 |
| Dec 31, 2014 | 0.45 | 0.88 |
| Dec 31, 2013 | 0.46 | 0.97 |
| Dec 31, 2012 | 0.49 | 1.08 |
| Dec 31, 2011 | 1.60 | 1.38 |
| Dec 31, 2010 | 1.21 | 1.18 |
| Dec 31, 2009 | 0.98 | 1.12 |
| Dec 31, 2008 | 1.69 | 1.81 |
| Dec 31, 2007 | 1.05 | 1.39 |
| Dec 31, 2006 | 1.11 | 1.46 |
| Dec 31, 2005 | 1.68 | 1.66 |
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, total asset turnover, long-term trends, comparison to industry (energy)
| ConocoPhillips | Energy | |
|---|---|---|
| Dec 31, 2025 | 0.48 | 0.63 |
| Dec 31, 2024 | 0.45 | 0.71 |
| Dec 31, 2023 | 0.59 | 0.79 |
| Dec 31, 2022 | 0.84 | 0.97 |
| Dec 31, 2021 | 0.51 | 0.71 |
| Dec 31, 2020 | 0.30 | 0.47 |
| Dec 31, 2019 | 0.46 | 0.63 |
| Dec 31, 2018 | 0.52 | 0.69 |
| Dec 31, 2017 | 0.40 | 0.58 |
| Dec 31, 2016 | 0.26 | 0.50 |
| Dec 31, 2015 | 0.30 | 0.59 |
| Dec 31, 2014 | 0.45 | 0.87 |
| Dec 31, 2013 | 0.46 | 0.94 |
| Dec 31, 2012 | 0.49 | 1.05 |
| Dec 31, 2011 | 1.60 | 1.33 |
| Dec 31, 2010 | 1.21 | 1.13 |
| Dec 31, 2009 | 0.98 | 1.10 |
| Dec 31, 2008 | 1.69 | 1.76 |
| Dec 31, 2007 | 1.05 | 1.37 |
| Dec 31, 2006 | 1.11 | 1.43 |
| Dec 31, 2005 | 1.68 | 1.63 |
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).