ConocoPhillips (COP) Financial Statements
ConocoPhillips financial statements at a glance
ConocoPhillips reported revenue of $58.94 billion for fiscal year 2025 (ended December 31, 2025), up 7.7% from fiscal year 2024. Net income was $7.96 billion, a net margin of 13.5%, and diluted earnings per share were $6.35.
At the end of fiscal year 2025 it had total assets of $121.94 billion, total liabilities of $57.45 billion and shareholders' equity of $64.49 billion, with cash and short-term investments of $6.98 billion and total debt of $23.44 billion.
Its operations brought in $19.80 billion of cash; capital spending was $12.55 billion, leaving free cash flow of $7.24 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
ConocoPhillips
Income Statement
Annual • USD
ConocoPhillips key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $58.9B | $54.7B | $56.1B | $78.5B | $45.8B |
| Gross profit | $14.8B | $26.0B | $26.5B | $37.5B | $14.8B |
| Operating income | $11.3B | $12.3B | $15.0B | $26.4B | $12.1B |
| Net income | $8.0B | $9.2B | $11.0B | $18.7B | $8.1B |
| Diluted EPS | $6.35 | – | – | – | $6.07 |
| Total assets | $121.9B | $122.8B | $95.9B | $93.8B | $90.7B |
| Total liabilities | $57.5B | $58.0B | $46.6B | $45.8B | $45.3B |
| Shareholders' equity | $64.5B | $64.8B | $49.3B | $48.0B | $45.4B |
| Cash and short-term investments | $7.0B | – | – | – | $6.6B |
| Total debt | $23.4B | $24.3B | $18.9B | $16.6B | $19.9B |
| Operating cash flow | $19.8B | $20.1B | $20.0B | $28.3B | $17.0B |
| Capital spending | $12.6B | – | – | – | $5.3B |
| Free cash flow | $7.2B | – | – | – | $11.7B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was ConocoPhillips's revenue in fiscal year 2025?
$58.94 billion, up 7.7% from $54.75 billion in fiscal year 2024.
How much profit does ConocoPhillips make?
ConocoPhillips reported net income of $7.96 billion for fiscal year 2025 (13.5% of revenue); operating income was $11.34 billion.
How much cash and debt does ConocoPhillips have?
At the end of fiscal year 2025: cash and short-term investments of $6.98 billion and total debt of $23.44 billion.
What is ConocoPhillips's free cash flow?
$7.24 billion in fiscal year 2025 (operating cash flow of $19.80 billion minus capital spending of $12.55 billion).
