Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
ConocoPhillips, profitability ratios
Based on: 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).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | ConocoPhillips gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | ConocoPhillips operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | ConocoPhillips net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | ConocoPhillips ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | ConocoPhillips ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Gross Profit Margin
ConocoPhillips, gross profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 21,976 | 6,362 | 15,403 | 16,910 | 11,458 | |
| Sales and other operating revenues | 45,828 | 18,784 | 32,567 | 36,417 | 29,106 | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 47.95% | 33.87% | 47.30% | 46.43% | 39.37% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 29.25% | 25.04% | 27.43% | 27.55% | 23.97% | |
| Devon Energy Corp. | 47.82% | 35.05% | 35.55% | 38.62% | 31.51% | |
| Exxon Mobil Corp. | 30.90% | 30.32% | 29.33% | 30.96% | 31.55% | |
| Occidental Petroleum Corp. | 62.79% | 52.45% | 59.12% | 63.15% | 55.28% | |
| Valero Energy Corp. | 2.75% | -1.14% | 4.41% | 4.78% | 4.84% | |
Based on: 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).
1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Sales and other operating revenues
= 100 × 21,976 ÷ 45,828 = 47.95%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | ConocoPhillips gross profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Operating Profit Margin
ConocoPhillips, operating profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 11,155 | (2,865) | 6,330 | 8,756 | (4,658) | |
| Sales and other operating revenues | 45,828 | 18,784 | 32,567 | 36,417 | 29,106 | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 24.34% | -15.25% | 19.44% | 24.04% | -16.00% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.40% | -6.45% | 0.07% | 9.09% | 1.84% | |
| Devon Energy Corp. | 26.44% | -58.41% | 2.27% | 14.10% | 9.99% | |
| Exxon Mobil Corp. | 8.68% | -16.49% | 4.99% | 7.92% | 5.09% | |
| Marathon Oil Corp. | 23.35% | -38.10% | 12.56% | 28.24% | -3.04% | |
| Occidental Petroleum Corp. | 16.21% | -71.20% | -0.95% | 25.56% | 4.40% | |
| Pioneer Natural Resources Co. | 18.56% | 2.69% | 16.09% | 23.73% | 13.34% | |
| Valero Energy Corp. | 1.87% | -2.43% | 3.54% | 3.91% | 3.83% | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.03% | -14.50% | 4.36% | 9.42% | 3.02% | |
Based on: 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).
1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Sales and other operating revenues
= 100 × 11,155 ÷ 45,828 = 24.34%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | ConocoPhillips operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Profit Margin
ConocoPhillips, net profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ConocoPhillips | 8,079 | (2,701) | 7,189 | 6,257 | (855) | |
| Sales and other operating revenues | 45,828 | 18,784 | 32,567 | 36,417 | 29,106 | |
| Profitability Ratio | ||||||
| Net profit margin1 | 17.63% | -14.38% | 22.07% | 17.18% | -2.94% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.04% | -5.87% | 2.09% | 9.33% | 6.83% | |
| Devon Energy Corp. | 23.05% | -55.51% | -5.71% | 28.54% | 6.44% | |
| Exxon Mobil Corp. | 8.33% | -12.57% | 5.61% | 7.46% | 8.31% | |
| Marathon Oil Corp. | 16.89% | -46.85% | 9.48% | 18.57% | -130.87% | |
| Occidental Petroleum Corp. | 8.95% | -83.28% | -3.27% | 23.18% | 10.48% | |
| Pioneer Natural Resources Co. | 11.85% | -2.85% | 7.82% | 10.43% | 15.73% | |
| Valero Energy Corp. | 0.82% | -2.19% | 2.24% | 2.67% | 4.33% | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 8.55% | -13.16% | 4.69% | 8.55% | 5.54% | |
Based on: 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).
1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 8,079 ÷ 45,828 = 17.63%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | ConocoPhillips net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Return on Equity (ROE)
ConocoPhillips, ROE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ConocoPhillips | 8,079 | (2,701) | 7,189 | 6,257 | (855) | |
| Common stockholders’ equity | 45,406 | 29,849 | 34,981 | 31,939 | 30,607 | |
| Profitability Ratio | ||||||
| ROE1 | 17.79% | -9.05% | 20.55% | 19.59% | -2.79% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 11.24% | -4.21% | 2.03% | 9.59% | 6.21% | |
| Devon Energy Corp. | 30.37% | -92.89% | -6.12% | 33.36% | 9.70% | |
| Exxon Mobil Corp. | 13.67% | -14.28% | 7.48% | 10.87% | 10.50% | |
| Marathon Oil Corp. | 8.85% | -13.74% | 3.95% | 9.04% | -48.88% | |
| Occidental Petroleum Corp. | 11.42% | -79.85% | -1.95% | 19.37% | 6.37% | |
| Pioneer Natural Resources Co. | 9.27% | -1.73% | 6.24% | 8.08% | 7.39% | |
| Valero Energy Corp. | 5.05% | -7.56% | 11.11% | 14.41% | 18.48% | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 12.86% | -13.45% | 5.93% | 11.94% | 6.67% | |
Based on: 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).
1 2021 Calculation
ROE = 100 × Net income (loss) attributable to ConocoPhillips ÷ Common stockholders’ equity
= 100 × 8,079 ÷ 45,406 = 17.79%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | ConocoPhillips ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Return on Assets (ROA)
ConocoPhillips, ROA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ConocoPhillips | 8,079 | (2,701) | 7,189 | 6,257 | (855) | |
| Total assets | 90,661 | 62,618 | 70,514 | 69,980 | 73,362 | |
| Profitability Ratio | ||||||
| ROA1 | 8.91% | -4.31% | 10.20% | 8.94% | -1.17% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 6.52% | -2.31% | 1.23% | 5.84% | 3.62% | |
| Devon Energy Corp. | 13.38% | -27.04% | -2.59% | 15.66% | 2.97% | |
| Exxon Mobil Corp. | 6.80% | -6.74% | 3.95% | 6.02% | 5.65% | |
| Marathon Oil Corp. | 5.57% | -8.08% | 2.37% | 5.14% | -26.00% | |
| Occidental Petroleum Corp. | 3.09% | -18.52% | -0.61% | 9.42% | 3.12% | |
| Pioneer Natural Resources Co. | 5.75% | -1.04% | 3.96% | 5.46% | 4.90% | |
| Valero Energy Corp. | 1.61% | -2.74% | 4.50% | 6.22% | 8.10% | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.37% | -6.30% | 3.05% | 6.60% | 3.52% | |
Based on: 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).
1 2021 Calculation
ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 8,079 ÷ 90,661 = 8.91%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | ConocoPhillips ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |