Key Performance Metrics

  • The review of Net Profit Margin witnessed a surging trend. The Net Profit Margin increased from 19.79% in 2019 to 18.71% in 2023.
  • The EBIT Margin for the period under analysis was 62%, with 2020 and 2022 performing the worst and best, respectively.
  • In the current year, ConcoPhillips was able to cover its interest liabilities 21.88 times in the current year compared to 2019 when it was able to cover its interest liabilities 13.24 times.
  • The Capex to Sales stood at 0.23 in 2023 from 0.07 in 2019, implying a high performance of the business in relation to revenue.


  • The revenue of ConcoPhillips has increased over the years. The revenue decreased by 49% between 2019 and 2020. There also occurred an increase of 151.09% between 2020 and 2021, and a decrease of 28.7% between 2022 and 2023 (the current period).
  • ConcoPhillips’s performance in profitability looks average as the return on equity also recorded poor performance during the period of analysis.


  • The company’s result in liquidity looks poor, as current ratio decreased from 2.4:1 to 1.43:1 on the last year. Which implies that the company does not have enough assets to settle its current liabilities.
  • Receivables days improved over the 5-year period as it took an average of 36 days to recover money owed by customers.

Capital Structure

  • ConocoPhillips is both equity and debt financed.
  • The debt-to-equity (D/E) ratio has been falling year on year. The gearing position of the company appears to be low as it stood at 0.95 in the current year.


Source: ConocoPhillips Annual Report

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