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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids. It operates in five segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; and Asia Pacific. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. It serves in the United States, Canada, China, Equatorial Guinea, Libya, Malaysia, Norway, Singapore, the United Kingdom, and internationally. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $58.9B | $25.6B | $8.0B | $7.2B | 12.4% | 7.7% | -13.6% |
| 2024 | $54.7B | $24.4B | $9.2B | $8.0B | 14.3% | -2.5% | -15.6% |
| 2023 | $56.1B | $25.8B | $11.0B | $8.7B | 22.2% | -28.5% | -41.3% |
| 2022 | $78.5B | $37.1B | $18.7B | $18.2B | 38.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 78,494 | 56,141 | 54,745 | 58,944 |
| Cost Of Revenue | - | 48,481 | 37,938 | 38,362 | 44,156 |
| Gross Profit | - | 30,013 | 18,203 | 16,383 | 14,788 |
| Operating Expense | - | 4,551 | 3,177 | 3,600 | 3,446 |
| Operating Income | - | 25,462 | 15,026 | 12,783 | 11,342 |
| EBITDA | - | 37,127 | 25,783 | 24,425 | 25,570 |
| EBIT | - | 29,283 | 17,351 | 14,780 | 13,889 |
| Pretax Income | - | 28,228 | 16,288 | 13,672 | 12,656 |
| Tax Provision | - | 9,548 | 5,331 | 4,427 | 4,668 |
| Net Income | - | 18,680 | 10,957 | 9,245 | 7,988 |
| Net Income Common Stockholders | - | 18,620 | 10,922 | 9,218 | 7,961 |
| Total Expenses | - | 53,032 | 41,115 | 41,962 | 47,602 |
| Interest Expense | - | 1,055 | 1,063 | 1,108 | 1,233 |
| Interest Income | - | 195 | 412 | 402 | 311 |
| Selling General And Administration | - | 623 | 705 | 1,158 | 893 |
| Normalized EBITDA | - | 35,687 | 25,661 | 24,404 | 24,876 |
| Normalized Income | - | 17,726.72 | 10,874.89 | 9,230.80 | 7,550.09 |
| Market Cap | 148,408 | 148,408 | 148,408 | 148,408 | 148,408 |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| ConocoPhillipsthis co. | COP | $152.8B | 18.58↓ discount | 2.30 | 12.4% | 6.47 |
| The Williams Companies, Inc. | WMB | $88.3B | 33.71 | 6.91 | 20.5% | 15.86 |
| Occidental Petroleum Corporation | OXY | $80.5B | 24.35 | 2.04 | 8.4% | 6.69 |
| SLB N.V. | SLB | $79.8B | 24.98 | 3.23 | 12.9% | 13.35 |
| Valero Energy Corporation | VLO | $73.1B | 30.04 |
| - |
| - |
| - |
| - |
| - |
| 2.97 |
| 9.9% |
| 11.54 |
| EOG Resources, Inc. | EOG | $72.3B | 14.32 | 2.39 | 16.7% | 6.90 |
| Kinder Morgan, Inc. | KMI | $70.8B | 23.11 | 2.27 | 9.8% | 14.26 |
| Marathon Petroleum Corporation | MPC | $68.5B | 16.31 | 3.81 | 23.4% | 8.28 |
| Diamondback Energy, Inc. | FANG | $56.6B | 32.93 | 1.48 | 4.5% | 9.69 |
| Peer Median | - | 24.67 | 2.68 | 11.4% | 10.62 | |