ConocoPhillips (ConocoPhillips) Days Payable

: 47.12 (As of Dec. 2023)

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ConocoPhillips's average Accounts Payable for the three months ended in Dec. 2023 was $5,130 Mil. ConocoPhillips's Cost of Goods Sold for the three months ended in Dec. 2023 was $9,934 Mil. Hence, ConocoPhillips's Days Payable for the three months ended in Dec. 2023 was 47.12.

The historical rank and industry rank for ConocoPhillips's Days Payable or its related term are showing as below:

COP' s Days Payable Range Over the Past 10 Years
Min: 42.12 Med: 57.04 Max: 82.82
Current: 50.32

During the past 13 years, ConocoPhillips's highest Days Payable was 82.82. The lowest was 42.12. And the median was 57.04.

COP's Days Payable is ranked worse than
56.27% of 901 companies
in the Oil & Gas industry
Industry Median: 60.33 vs COP: 50.32

ConocoPhillips's Days Payable increased from Dec. 2022 (44.95) to Dec. 2023 (47.12). It may suggest that ConocoPhillips delayed paying its suppliers.

ConocoPhillips Days Payable Historical Data

The historical data trend for ConocoPhillips's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

ConocoPhillips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

55.68

59.99

45.38

42.12

54.26

ConocoPhillips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																44.95	52.12	52.13	46.27	47.12

Competitive Comparison

For the Oil & Gas E&P subindustry, ConocoPhillips's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ConocoPhillips Days Payable Distribution

For the Oil & Gas industry and Energy sector, ConocoPhillips's Days Payable distribution charts can be found below:

* The bar in red indicates where ConocoPhillips's Days Payable falls into.

ConocoPhillips Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

ConocoPhillips's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (6163	+	5117)	/	2 )	/	37938	*	365
=	5640					/	37938	*	365
=	54.26

ConocoPhillips's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5143	+	5117)	/	2 )	/	9934	*	365 / 4
=	5130					/	9934	*	365 / 4
=	47.12

ConocoPhillips Days Payable Related Terms

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ConocoPhillips (ConocoPhillips) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ConocoPhillips (NYSE:COP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

COP:Mexico COP_KZ:Kazakhstan 1COP:Italy YCP:Germany YCP:Germany YCP:Germany YCP:Germany COPH34:Brazil

Address

925 North Eldridge Parkway, Houston, TX, USA, 77079

Website

https://www.conocophillips.com

ConocoPhillips is a U.S.-based independent exploration and production firm. In 2022, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2022 were 6.6 billion barrels of oil equivalent.

Executives

Timothy A Leach	director, officer: Executive Vice President	7220 MEADOW ROAD, DALLAS TX 75230
Andrew D Lundquist	officer: SVP	5205 N O'CONNOR BLVD, SUITE 200, IRVING TX 75039
Sharmila Mulligan	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Ryan Michael Lance	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
C William Giraud	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Kirk L. Johnson	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Caroline Maury Devine	director	ATLANTIC COAST AIRLINES INC, 45200 BUSINESS COURT, DULLES VA 20166
R A Walker	director	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Nicholas G Olds	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Christopher P. Delk	officer: Vice President, Controller	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Kelly Brunetti Rose	officer: SVP & General Counsel	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Andrew M. O'brien	officer: Senior Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Dennis V Arriola	director	162 CANCO ROAD, PORTLAND ME 04103
Jody Freeman	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Jack F Harper	officer: Executive Vice President	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084