ConocoPhillips (XSWX:COP) Interest Expense : CHF-953 Mil (TTM As of Dec. 2023)

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What is ConocoPhillips Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ConocoPhillips's interest expense for the three months ended in Dec. 2023 was CHF -258 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was CHF-953 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. ConocoPhillips's Operating Income for the three months ended in Dec. 2023 was CHF 3,535 Mil. ConocoPhillips's Interest Expense for the three months ended in Dec. 2023 was CHF -258 Mil. ConocoPhillips's Interest Coverage for the quarter that ended in Dec. 2023 was 13.72. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ConocoPhillips Interest Expense Historical Data

The historical data trend for ConocoPhillips's Interest Expense 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 Interest Expense Chart

ConocoPhillips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,084.79

-939.93

-1,037.05

-982.84

-919.28

ConocoPhillips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-229.17	-236.93	-222.40	-235.70	-257.71

ConocoPhillips Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-953 Mil.

ConocoPhillips (XSWX:COP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ConocoPhillips's Interest Expense for the three months ended in Dec. 2023 was CHF-258 Mil. Its Operating Income for the three months ended in Dec. 2023 was CHF3,535 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was CHF15,448 Mil.

ConocoPhillips's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3535.302	/	-257.71
	=	13.72

The higher the ratio, the stronger the company's financial strength is.

ConocoPhillips (XSWX:COP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ConocoPhillips (XSWX:COP) » Definitions » Interest Expense

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.