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ConocoPhillips Net Income

: $15,910 Mil (TTM As of Jun. 2022)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. ConocoPhillips's net income for the three months ended in Jun. 2022 was $5,145 Mil. Its net income for the trailing twelve months (TTM) ended in Jun. 2022 was $15,910 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. ConocoPhillips's Earnings per Share (Diluted) for the three months ended in Jun. 2022 was $3.97.


ConocoPhillips Net Income Historical Data

The historical data trend for ConocoPhillips's Net Income 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Income
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -855.00 6,257.00 7,189.00 -2,701.00 8,079.00

ConocoPhillips Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,091.00 2,379.00 2,627.00 5,759.00 5,145.00

ConocoPhillips Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

ConocoPhillips's Net Income for the fiscal year that ended in Dec. 2021 is calculated as

Net Income(A: Dec. 2021 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=12712+-4633+0+0
=8,079

ConocoPhillips's Net Income for the quarter that ended in Jun. 2022 is calculated as

Net Income(Q: Jun. 2022 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=7655+-2510+0+0
=5,145

Net Income for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $15,910 Mil.

* 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.


ConocoPhillips  (NYSE:COP) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

ConocoPhillips's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2022 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


ConocoPhillips Net Income Related Terms

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ConocoPhillips Business Description

ConocoPhillips logo
Address
925 North Eldridge Parkway, Houston, TX, USA, 77079
ConocoPhillips is a U.S.-based independent exploration and production firm. At the end of 2020, it produced 727,000 barrels per day of oil and natural gas liquids and 2.4 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 2020 were 4.5 billion barrels of oil equivalent.
Executives
Harper Jack F officer: Executive Vice President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Haynes Welsh Kontessa S officer: Chief Accounting Officer SHIPPING & RECEIVING 16930 PARK ROW DR. HOUSTON TX 77084
Sirdashney Heather G officer: Vice President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Leach Timothy A director, officer: Executive Vice President 7220 MEADOW ROAD DALLAS TX 75230
Mullins Eric D. director HERITAGE PLAZA, 1111 BAGBY STREET SUITE 4600 HOUSTON TX 77002
Olds Nicholas G officer: Senior Vice President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Walker R A director 1201 LAKE ROBBINS DRIVE THE WOODLANDS TX 77380
Seaton David Thomas director 6700 LAS COLINAS BOULEVARD IRVING TX 75039
Macklon Dominic E. officer: President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Bullock William L. Jr. officer: President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Hatfield Michael D. officer: President SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Brooks Catherine A. officer: VP & Controller SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Mcraven William H. director SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Rose Kelly Brunetti officer: SVP & General Counsel SHIPPING & RECEIVING CENTER 16930 PARK ROW DR. HOUSTON TX 77084
Joerres Jeffrey A director 5301 NORTH IRONWOOD ROAD MILWAUKEE WI 53217

ConocoPhillips Headlines

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