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ConocoPhillips (ConocoPhillips) Piotroski F-Score : 4 (As of Jun. 19, 2024)


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What is ConocoPhillips Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

ConocoPhillips has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for ConocoPhillips's Piotroski F-Score or its related term are showing as below:

COP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of ConocoPhillips was 9. The lowest was 2. And the median was 5.


ConocoPhillips Piotroski F-Score Historical Data

The historical data trend for ConocoPhillips's Piotroski F-Score 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 Piotroski F-Score Chart

ConocoPhillips Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 6.00 9.00 4.00

ConocoPhillips Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score 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 7.00 5.00 5.00 4.00 4.00

Competitive Comparison of ConocoPhillips's Piotroski F-Score

For the Oil & Gas E&P subindustry, ConocoPhillips's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ConocoPhillips's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ConocoPhillips's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 2232 + 2798 + 3007 + 2551 = $10,588 Mil.
Cash Flow from Operations was 3854 + 5445 + 5263 + 4985 = $19,547 Mil.
Revenue was 12351 + 14250 + 14729 + 13848 = $55,178 Mil.
Gross Profit was 3839 + 4617 + 4795 + 4288 = $17,539 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(91441 + 89605 + 93651 + 95924 + 95348) / 5 = $93193.8 Mil.
Total Assets at the begining of this year (Mar23) was $91,441 Mil.
Long-Term Debt & Capital Lease Obligation was $17,304 Mil.
Total Current Assets was $13,721 Mil.
Total Current Liabilities was $10,163 Mil.
Net Income was 5145 + 4527 + 3249 + 2920 = $15,841 Mil.

Revenue was 21161 + 21013 + 18558 + 14811 = $75,543 Mil.
Gross Profit was 8376 + 8091 + 5939 + 4952 = $27,358 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(93308 + 93693 + 94837 + 93829 + 91441) / 5 = $93421.6 Mil.
Total Assets at the begining of last year (Mar22) was $93,308 Mil.
Long-Term Debt & Capital Lease Obligation was $15,266 Mil.
Total Current Assets was $16,116 Mil.
Total Current Liabilities was $11,553 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

ConocoPhillips's current Net Income (TTM) was 10,588. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

ConocoPhillips's current Cash Flow from Operations (TTM) was 19,547. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar23)
=10588/91441
=0.11579051

ROA (Last Year)=Net Income/Total Assets (Mar22)
=15841/93308
=0.16977108

ConocoPhillips's return on assets of this year was 0.11579051. ConocoPhillips's return on assets of last year was 0.16977108. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

ConocoPhillips's current Net Income (TTM) was 10,588. ConocoPhillips's current Cash Flow from Operations (TTM) was 19,547. ==> 19,547 > 10,588 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=17304/93193.8
=0.18567759

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=15266/93421.6
=0.16340975

ConocoPhillips's gearing of this year was 0.18567759. ConocoPhillips's gearing of last year was 0.16340975. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar24)=Total Current Assets/Total Current Liabilities
=13721/10163
=1.35009348

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=16116/11553
=1.39496235

ConocoPhillips's current ratio of this year was 1.35009348. ConocoPhillips's current ratio of last year was 1.39496235. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

ConocoPhillips's number of shares in issue this year was 1180.32. ConocoPhillips's number of shares in issue last year was 1223.355. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=17539/55178
=0.31786219

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=27358/75543
=0.36215136

ConocoPhillips's gross margin of this year was 0.31786219. ConocoPhillips's gross margin of last year was 0.36215136. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar23)
=55178/91441
=0.60342735

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=75543/93308
=0.80960904

ConocoPhillips's asset turnover of this year was 0.60342735. ConocoPhillips's asset turnover of last year was 0.80960904. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+0+1+0+0+1+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

ConocoPhillips has an F-score of 4 indicating the company's financial situation is typical for a stable company.

ConocoPhillips  (NYSE:COP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


ConocoPhillips Piotroski F-Score Related Terms

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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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