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ConocoPhillips (ConocoPhillips) Debt-to-Equity : 0.37 (As of Mar. 2024)


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What is ConocoPhillips Debt-to-Equity?

ConocoPhillips's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,113 Mil. ConocoPhillips's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $17,304 Mil. ConocoPhillips's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $49,325 Mil. ConocoPhillips's debt to equity for the quarter that ended in Mar. 2024 was 0.37.

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: 0.34   Med: 0.46   Max: 0.79
Current: 0.37

During the past 13 years, the highest Debt-to-Equity Ratio of ConocoPhillips was 0.79. The lowest was 0.34. And the median was 0.46.

COP's Debt-to-Equity is ranked better than
55.66% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs COP: 0.37

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 Debt-to-Equity Chart

ConocoPhillips Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.43 0.52 0.44 0.35 0.38

ConocoPhillips Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial 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 0.35 0.35 0.40 0.38 0.37

Competitive Comparison of ConocoPhillips's Debt-to-Equity

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's Debt-to-Equity Distribution in the Oil & Gas Industry

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

ConocoPhillips's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


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

Address
925 North Eldridge Parkway, Houston, TX, USA, 77079
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

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