COP CONOCOPHILLIPS

Overview and Growth

CONOCOPHILLIPS generated $58.94B of revenue in fiscal 2025, with net income of $7.99B and an operating cash inflow of $19.80B. The $58.94B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 7.7% from $54.74B in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $6.35, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 18.7% from $7.81 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. Diluted shares averaged 1.25B; this is the reported share base over which the company’s diluted per-share earnings were spread. At period end, total assets were $121.94B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.48x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Gross profit was $36.62B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 62.1%, so that share of each revenue unit remained after the cost of revenue reported for the period. Net income came to $7.99B, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 13.6% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $12.66B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 21.5% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $4.67B of income tax for the period, completing the transition from pretax income to net income. The effective relationship between income tax and positive pretax income was 36.9%, without assuming a statutory-rate comparison. Return on period-end equity was 12.4%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 6.6%, showing earnings relative to the full balance sheet. Current net income of $7.99B was below fiscal 2024 net income of $9.24B, showing the direction of the bottom-line change.

Liquidity and Capital Structure

Total assets were $121.94B, supported by $57.45B of liabilities and $64.49B of shareholder equity. At period end, current assets of $15.53B compared with current liabilities of $11.97B, defining the company’s short-term resource position. At 1.3x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $6.50B, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 54.3% of current liabilities, showing how much near-term coverage came from cash alone. Book equity represented 52.9% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 47.1%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 5.3% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 0.7% lower than fiscal 2024 assets of $122.78B, measuring the company’s own balance-sheet change. Against $64.80B of equity in fiscal 2024, the current book-equity balance moved 0.5% and ended lower. The reported cash balance changed 15.9% from $5.61B in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

The company reported $19.80B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 2.48x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.