CONOCOPHILLIPS

Listed Company

COPCIK 0001163165NYSELarge AcceleratedPetroleum RefiningDelawareFY ends Dec 31

Period

FY 2025

Revenue

$58.94B

Net Income

$7.99B

Total Assets

$121.94B

Equity

$64.49B

Shares Out

1.22B

Op. Cash Flow

$19.80B

+ 13F Filer

Business

CONOCOPHILLIPS is an independent exploration and production company that explores for, develops, produces, transports and markets oil, natural gas and related liquid hydrocarbons worldwide. It offers crude oil, natural gas, natural gas liquids (NGLs), bitumen and liquefied natural gas (LNG), together with marketing, transportation and processing services and technology licensing for LNG liquefaction. The company manages operations through six operating segments defined by geographic region: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International. Its production and commercial activities serve markets across North America, Europe, Asia, Africa and global LNG markets via pipelines, terminals, tankers and long‑term sales contracts.

Summary from filing dated 2025-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Sales and other operating revenues	58,944	54,745	56,141	78,494	45,828
Equity in earnings of affiliates	1,335	1,705	1,720	2,081	832
Gain (loss) on dispositions	731	51	228	1,077	486
Other income	538	452	485	504	1,203
Total revenues and other income	61,548	56,953	58,574	82,156	48,349
Purchased commodities	22,325	20,012	21,975	33,971	18,158
Production and operating expenses	10,331	8,751	7,693	7,006	5,694
Selling, general and administrative expenses	893	1,158	705	623	719
Exploration expenses	407	355	398	564	344
Depreciation, depletion and amortization	11,500	9,599	8,270	7,504	7,208
Impairments	26	80	14	−12	674
Taxes other than income taxes	2,146	2,087	2,074	3,364	1,634
Accretion on discounted liabilities	378	325	283	250	242
Interest and debt expense	855	783	780	805	884
Foreign currency transaction (gain) loss	11	−50	92	−100	−22
Other expenses	20	181	2	−47	102
Total costs and expenses	48,892	43,281	42,286	53,928	35,637
Income (loss) before income taxes	12,656	13,672	16,288	28,228	12,712
Income tax provision (benefit)	4,668	4,427	5,331	9,548	4,633
Net income (loss)	7,988	9,245	10,957	18,680	8,079
Basic (in dollars per share)	6.36	7.82	9.08	14.62	6.09
Diluted (in dollars per share)	6.35	7.81	9.06	14.57	6.07
Basic (in shares)	1,252	1,179	1,203	1,274	1,324
Diluted (in shares)	1,253	1,181	1,206	1,278	1,328

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	6,497	5,607	5,635	6,458	5,028
Short-term investments	484	507	971	2,785	—
Accounts and notes receivable (net of allowance of $4 and $7, respectively)	5,813	6,695	—	7,075	6,543
Inventories	1,873	1,809	1,398	1,219	1,208
Prepaid expenses and other current assets	865	1,029	852	1,199	1,581
Total current assets	15,532	15,647	14,330	18,749	16,050
Investments and long-term receivables	10,185	9,869	9,130	8,225	—
Net properties, plants and equipment (net of accumulated DD&A of $90,396 and $81,072, respectively)	93,239	94,356	70,044	64,866	64,911
Other assets	2,983	2,908	2,420	1,989	2,587
Total assets	121,939	122,780	95,924	93,829	90,661
Accounts payable	6,218	6,044	—	6,113	5,002
Short-term debt	1,020	1,035	1,074	417	1,200
Accrued income and other taxes	1,835	2,460	1,811	3,193	2,862
Employee benefit obligations	1,136	1,087	774	728	755
Other accruals	1,763	1,498	1,229	2,346	2,179
Total current liabilities	11,972	12,124	10,005	12,847	12,021
Long-term debt	22,424	23,289	17,863	16,226	18,734
Asset retirement obligations and accrued environmental costs	8,214	8,089	7,220	6,401	5,754
Deferred income taxes	12,237	11,426	8,813	7,726	6,179
Employee benefit obligations	969	1,022	1,009	1,074	1,153
Other liabilities and deferred credits	1,636	2,034	1,735	1,552	1,414
Total liabilities	57,452	57,984	46,645	45,826	45,255
Par value	23	23	21	21	21
Capital in excess of par	77,728	77,529	61,303	61,142	60,581
Treasury stock (at cost: 20251,028,350,186 shares; 2024974,806,010 shares)	−76,217	−71,152	−65,640	−60,189	−50,920
Accumulated other comprehensive income (loss)	−5,911	−6,473	−5,673	−6,000	−4,950
Retained earnings	68,864	64,869	59,268	53,029	40,674
Total equity	64,487	64,796	49,279	48,003	45,406
Total liabilities and equity	121,939	122,780	95,924	93,829	90,661

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	7,988	9,245	10,957	18,680	8,079
Dry hole costs and leasehold impairments	181	46	162	340	44
Deferred taxes	549	367	1,145	2,086	1,346
Distributions more (less) than income from equity affiliates	200	564	964	942	446
Other	−219	130	−220	86	−788
Decrease (increase) in accounts and notes receivable	803	−262	1,333	−963	−2,500
Decrease (increase) in inventories	−116	−68	−103	−38	−160
Decrease (increase) in prepaid expenses and other current assets	−24	79	337	−173	−649
Increase (decrease) in accounts payable	−212	−543	−1,118	901	1,399
Increase (decrease) in taxes and other accruals	−527	613	−1,831	39	3,181
Net cash provided by operating activities	19,796	20,124	19,965	28,314	16,996
Capital expenditures and investments	−12,553	−12,118	−11,248	−10,159	−5,324
Working capital changes associated with investing activities	546	302	30	520	134
Acquisition of businesses, net of cash acquired	0	−24	−2,724	−60	−8,290
Proceeds from asset dispositions	3,248	261	632	3,471	1,653
Net sales (purchases) of investments	−55	415	1,373	−2,629	3,091
Other	−22	14	−63	2	87
Net cash used in investing activities	−8,836	−11,150	−12,000	−8,741	−8,544
Issuance of debt	0	5,591	3,787	2,897	0
Repayment of debt	−913	−4,981	−1,379	−6,267	−505
Issuance of company common stock	−100	−78	−52	362	145
Repurchase of company common stock	−5,018	−5,463	−5,400	−9,270	−3,623
Dividends paid	−3,995	−3,646	−5,583	−5,726	−2,359
Other	−76	−258	−34	−49	7
Net cash used in financing activities	−10,102	−8,835	−8,661	−18,053	−6,335
Effect of exchange rate changes on cash, cash equivalents and restricted cash	153	−133	−99	−224	−34
Net change in cash, cash equivalents and restricted cash	1,011	6	−795	1,296	2,083

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 1 positions

Reported AUM

Holdings

Top sector

Top sectors

Sector	Value	% of portfolio
Uncategorized	$0	0.0%

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