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: 0.24 Med: 0.6 Max: 4.13
Current: 0.34
During the past 13 years, the highest Debt-to-Equity Ratio of ConocoPhillips was 4.13. The lowest was 0.24. And the median was 0.60.
COP's Debt-to-Equity is ranked better than 60.53% of 826
companies
in the Oil & Gas industry
Industry Median: 0.48
vs COP: 0.34
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
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.64
0.47
0.43
0.52
0.44
ConocoPhillips Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.45
0.45
0.44
0.38
0.34
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. 2021 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.
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 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.
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