ConocoPhillips (XSWX:COP) Effective Interest Rate on Debt % : 6.15% (As of Dec. 2023)

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What is ConocoPhillips Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. ConocoPhillips's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was CHF1,031 Mil. ConocoPhillips's average total debt for the quarter that ended in Dec. 2023 was CHF16,763 Mil. Therefore, ConocoPhillips's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 6.15%.

ConocoPhillips Effective Interest Rate on Debt % Historical Data

The historical data trend for ConocoPhillips's Effective Interest Rate on Debt % 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.

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ConocoPhillips Effective Interest Rate on Debt % Chart

ConocoPhillips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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7.36

6.65

6.48

5.80

5.77

ConocoPhillips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															5.73	6.14	5.90	5.90	6.15

Competitive Comparison of ConocoPhillips's Effective Interest Rate on Debt %

For the Oil & Gas E&P subindustry, ConocoPhillips's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ConocoPhillips's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ConocoPhillips's Effective Interest Rate on Debt % falls into.

ConocoPhillips Effective Interest Rate on Debt % Calculation

ConocoPhillips's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -919.282	/	( (15504.619	+	16376.717)	/ 2 )
=	-1 * -919.282	/	15940.668
=	5.77 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15116.142	+	388.477
=	15504.619

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15447.922	+	928.795
=	16376.717

ConocoPhillips's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -1030.84	/	( (17149.075	+	16376.717)	/ 2 )
=	-1 * -1030.84	/	16762.896
=	6.15 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	16356.527	+	792.548
=	17149.075

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	15447.922	+	928.795
=	16376.717

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ConocoPhillips (XSWX:COP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

ConocoPhillips Effective Interest Rate on Debt % Related Terms

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ConocoPhillips (XSWX:COP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

COP:USA COP:Mexico COP_KZ:Kazakhstan 1COP:Italy 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.