COP Q1 2024 Earnings — ConocoPhillips Revenue & Financial Results | Market Cap Arena

COPConocoPhillips

$142B

Q1 2024 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$13.8B-6.7% YoY

Gross Profit

$4.2B30.2% margin

Operating Income

$3.4B24.9% margin

Net Income

$2.5B18.4% margin

EPS (Diluted)

$2.15

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$5.0B

Free Cash Flow

$2.1B

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$95.3B

Total Liabilities

$46.0B

Stockholders' Equity

$49.3B

Cash & Equivalents

$5.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$13.8B	$14.8B	-6.7%
Gross Profit	$4.2B	$4.9B	-14.1%
Operating Income	$3.4B	$4.1B	-16.6%
Net Income	$2.5B	$2.9B	-12.9%

Revenue Segments

Crude oil product line

$9.6B69%

Natural Gas Product Line

$1.9B14%

Other Products

$1.7B12%

Natural Gas Liquids

$680M5%

Geographic Segments

Lower 48

$11.0B79%

CANADA

$936M7%

NORWAY

$624M5%

Libya

$500M4%

UNITED KINGDOM

$333M2%

MALAYSIA

$261M2%

CHINA

$213M2%

International

$1M0%