Stock Analysis on Net

ConocoPhillips (NYSE:COP)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

ConocoPhillips, current enterprise value calculation

Microsoft Excel
Current share price (P) $125.99
No. shares of common stock outstanding 1,176,408,368
US$ in millions
Common equity (market value)1 148,216
Add: Noncontrolling interests (per books)
Total equity 148,216
Add: Short-term debt (per books) 1,074
Add: Long-term debt (per books) 17,863
Total equity and debt 167,153
Less: Cash and cash equivalents 5,635
Less: Short-term investments 971
Less: Investment in Cenovus Energy
Enterprise value (EV) 160,547

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 125.99 × 1,176,408,368


Historical Enterprise Value (EV)

ConocoPhillips, EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $111.00 $108.36 $91.16 $48.85 $58.30
No. shares of common stock outstanding1 1,176,408,368 1,218,776,494 1,299,526,916 1,354,734,727 1,081,132,415
US$ in millions
Common equity (market value)3 130,581 132,067 118,465 66,179 63,030
Add: Noncontrolling interests (book value) 69
Total equity 130,581 132,067 118,465 66,179 63,099
Add: Short-term debt (book value) 1,074 417 1,200 619 105
Add: Long-term debt (book value) 17,863 16,226 18,734 14,750 14,790
Total equity and debt 149,518 148,710 138,399 81,548 77,994
Less: Cash and cash equivalents 5,635 6,458 5,028 2,991 5,088
Less: Short-term investments 971 2,785 446 3,609 3,028
Less: Investment in Cenovus Energy 1,117 1,256 2,111
Enterprise value (EV) 142,912 139,467 131,808 73,692 67,767

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 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of ConocoPhillips Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 111.00 × 1,176,408,368

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. ConocoPhillips EV increased from 2021 to 2022 and from 2022 to 2023.