Analysis of Geographic Areas
ConocoPhillips operates in 10 regions: United States; Australia; Canada; China; Indonesia; Libya; Malaysia; Norway; United Kingdom; and Other foreign countries.
Area Asset Turnover
ConocoPhillips, asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 0.84 | 1.19 | 0.69 | 0.55 | 0.80 |
| Australia | 0.00 | 0.00 | 0.00 | 0.09 | 0.23 |
| Canada | 0.31 | 0.59 | 0.38 | 0.20 | 0.31 |
| China | 0.58 | 0.74 | 0.49 | 0.31 | 0.53 |
| Indonesia | — | — | 31.39 | 1.48 | 1.45 |
| Libya | 2.46 | 2.22 | 1.67 | 0.23 | 1.65 |
| Malaysia | 1.02 | 1.19 | 0.78 | 0.41 | 0.66 |
| Norway | 0.54 | 0.78 | 0.55 | 0.27 | 0.45 |
| United Kingdom | 989.00 | 6,273.00 | 2,236.00 | 336.00 | 824.50 |
| Other foreign countries | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
Based on: 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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Australia | ||
| Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| China | China area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. | |
| Indonesia | ||
| Libya | Libya area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. | |
| Malaysia | Malaysia area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Norway | Norway area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| United Kingdom | United Kingdom area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. | |
| Other foreign countries | Other foreign countries area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: United States
ConocoPhillips; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 45,101) | 60,899) | 34,847) | 13,230) | 21,159) |
| Long-lived assets | 53,955) | 51,200) | 50,580) | 24,034) | 26,566) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.84 | 1.19 | 0.69 | 0.55 | 0.80 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 45,101 ÷ 53,955 = 0.84
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Australia
ConocoPhillips; Australia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | —) | —) | —) | 605) | 1,647) |
| Long-lived assets | 5,426) | 6,158) | 5,579) | 6,676) | 7,228) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.00 | 0.00 | 0.00 | 0.09 | 0.23 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 0 ÷ 5,426 = 0.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Australia |
Area Asset Turnover: Canada
ConocoPhillips; Canada; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 3,006) | 3,714) | 2,494) | 1,261) | 1,769) |
| Long-lived assets | 9,666) | 6,269) | 6,608) | 6,385) | 5,769) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.31 | 0.59 | 0.38 | 0.20 | 0.31 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 3,006 ÷ 9,666 = 0.31
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: China
ConocoPhillips; China; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 952) | 1,135) | 724) | 460) | 772) |
| Long-lived assets | 1,635) | 1,538) | 1,476) | 1,491) | 1,447) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.58 | 0.74 | 0.49 | 0.31 | 0.53 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 952 ÷ 1,635 = 0.58
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | China | China area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Indonesia
ConocoPhillips; Indonesia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | —) | 159) | 879) | 689) | 875) |
| Long-lived assets | —) | —) | 28) | 464) | 605) |
| Area Activity Ratio | |||||
| Area asset turnover1 | — | — | 31.39 | 1.48 | 1.45 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 0 ÷ 0 = —
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Indonesia |
Area Asset Turnover: Libya
ConocoPhillips; Libya; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 1,730) | 1,582) | 1,102) | 155) | 1,103) |
| Long-lived assets | 703) | 714) | 659) | 670) | 668) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.46 | 2.22 | 1.67 | 0.23 | 1.65 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 1,730 ÷ 703 = 2.46
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Libya | Libya area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Malaysia
ConocoPhillips; Malaysia; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 961) | 1,312) | 975) | 610) | 1,230) |
| Long-lived assets | 939) | 1,107) | 1,252) | 1,501) | 1,871) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.02 | 1.19 | 0.78 | 0.41 | 0.66 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 961 ÷ 939 = 1.02
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Malaysia | Malaysia area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Asset Turnover: Norway
ConocoPhillips; Norway; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 2,408) | 3,415) | 2,563) | 1,426) | 2,349) |
| Long-lived assets | 4,489) | 4,369) | 4,681) | 5,294) | 5,258) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.54 | 0.78 | 0.55 | 0.27 | 0.45 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 2,408 ÷ 4,489 = 0.54
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Norway | Norway area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: United Kingdom
ConocoPhillips; United Kingdom; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 1,978) | 6,273) | 2,236) | 336) | 1,649) |
| Long-lived assets | 2) | 1) | 1) | 1) | 2) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 989.00 | 6,273.00 | 2,236.00 | 336.00 | 824.50 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 1,978 ÷ 2 = 989.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United Kingdom | United Kingdom area asset turnover ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Area Asset Turnover: Other foreign countries
ConocoPhillips; Other foreign countries; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 5) | 5) | 8) | 12) | 14) |
| Long-lived assets | 1,134) | 1,003) | 748) | 1,087) | 1,308) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenues ÷ Long-lived assets
= 5 ÷ 1,134 = 0.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other foreign countries | Other foreign countries area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Sales and other operating revenues
ConocoPhillips, sales and other operating revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 45,101) | 60,899) | 34,847) | 13,230) | 21,159) |
| Australia | —) | —) | —) | 605) | 1,647) |
| Canada | 3,006) | 3,714) | 2,494) | 1,261) | 1,769) |
| China | 952) | 1,135) | 724) | 460) | 772) |
| Indonesia | —) | 159) | 879) | 689) | 875) |
| Libya | 1,730) | 1,582) | 1,102) | 155) | 1,103) |
| Malaysia | 961) | 1,312) | 975) | 610) | 1,230) |
| Norway | 2,408) | 3,415) | 2,563) | 1,426) | 2,349) |
| United Kingdom | 1,978) | 6,273) | 2,236) | 336) | 1,649) |
| Other foreign countries | 5) | 5) | 8) | 12) | 14) |
| Worldwide consolidated | 56,141) | 78,494) | 45,828) | 18,784) | 32,567) |
Based on: 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).
Long-lived assets
ConocoPhillips, long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 53,955) | 51,200) | 50,580) | 24,034) | 26,566) |
| Australia | 5,426) | 6,158) | 5,579) | 6,676) | 7,228) |
| Canada | 9,666) | 6,269) | 6,608) | 6,385) | 5,769) |
| China | 1,635) | 1,538) | 1,476) | 1,491) | 1,447) |
| Indonesia | —) | —) | 28) | 464) | 605) |
| Libya | 703) | 714) | 659) | 670) | 668) |
| Malaysia | 939) | 1,107) | 1,252) | 1,501) | 1,871) |
| Norway | 4,489) | 4,369) | 4,681) | 5,294) | 5,258) |
| United Kingdom | 2) | 1) | 1) | 1) | 2) |
| Other foreign countries | 1,134) | 1,003) | 748) | 1,087) | 1,308) |
| Worldwide consolidated | 77,949) | 72,359) | 71,612) | 47,603) | 50,722) |
Based on: 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).