Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over 2021–2024 ConocoPhillips’ balance sheet shows steady growth through 2023 and a pronounced expansion in 2024. Total assets rose from $90,661m in 2021 to $95,924m in 2023 (small annual gains of ~2–3%), then jumped to $122,780m in 2024 (≈+28% year-over-year). Total liabilities moved modestly from $45,255m (2021) to $46,645m (2023) before increasing to $57,984m in 2024 (+24% y/y). Stockholders’ equity increased from $45,406m (2021) to $49,279m (2023) and then to $64,796m in 2024 (+31% y/y). The 2025 row of zeros appears to be missing data and should be disregarded. On a relative basis the company’s capitalization modestly improved: liabilities as a share of assets fell from roughly 50% in 2021 to about 47% in 2024, while equity-to-assets rose from about 50% to ~53%, indicating a stronger equity buffer despite the absolute rise in liabilities. The large 2024 expansion in assets and equity suggests significant capital deployment (capex or acquisitions), reserve additions or revaluations consistent with a cyclical oil & gas recovery and active industry M&A; liabilities rose too but not as fast as assets, so leverage eased slightly. Key risks remain the sector’s commodity price volatility and capital intensity—future performance will hinge on how those expanded assets are monetized and financed.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.