ConocoPhillips (ConocoPhillips) Debt-to-Equity

: 0.38 (As of Dec. 2023)

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ConocoPhillips's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,074 Mil. ConocoPhillips's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $17,863 Mil. ConocoPhillips's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $49,279 Mil. ConocoPhillips's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for ConocoPhillips's Debt-to-Equity or its related term are showing as below:

COP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.45 Max: 0.78
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of ConocoPhillips was 0.78. The lowest was 0.35. And the median was 0.45.

COP's Debt-to-Equity is ranked better than
54.57% of 832 companies
in the Oil & Gas industry
Industry Median: 0.44 vs COP: 0.38

ConocoPhillips Debt-to-Equity Historical Data

The historical data trend for ConocoPhillips's Debt-to-Equity 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

Debt-to-Equity

0.43

0.52

0.44

0.35

0.38

ConocoPhillips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.35	0.35	0.35	0.40	0.38

Competitive Comparison

For the Oil & Gas E&P subindustry, ConocoPhillips's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution

For the Oil & Gas industry and Energy sector, ConocoPhillips's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ConocoPhillips's Debt-to-Equity falls into.

ConocoPhillips Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ConocoPhillips's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1074	+	17863)	/	49279
	=	0.38

ConocoPhillips's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1074	+	17863)	/	49279
	=	0.38

ConocoPhillips (NYSE:COP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

ConocoPhillips Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ConocoPhillips's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ConocoPhillips (ConocoPhillips) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ConocoPhillips (NYSE:COP) » Definitions » Debt-to-Equity

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