COP Q2 2023 Earnings — ConocoPhillips Revenue & Financial Results | Market Cap Arena

COPConocoPhillips

$142B

Q2 2023 Earnings

Energy Oil & Gas Exploration & Production

Income Statement

Revenue

$12.4B-41.6% YoY

Gross Profit

$3.8B30.4% margin

Operating Income

$3.0B24.6% margin

Net Income

$2.2B18.0% margin

EPS (Diluted)

$1.84

QoQ Revenue Growth

-16.3%

Cash Flow

Operating Cash Flow

$3.9B

Free Cash Flow

$931M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$89.6B

Total Liabilities

$42.1B

Stockholders' Equity

$47.5B

Cash & Equivalents

$5.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12.4B	$21.2B	-41.6%
Gross Profit	$3.8B	$8.3B	-54.8%
Operating Income	$3.0B	$7.2B	-57.7%
Net Income	$2.2B	$5.1B	-56.8%

Revenue Segments

Crude oil product line

$9.0B73%

Natural Gas Product Line

$1.9B15%

Other Products

$944M8%

Natural Gas Liquids

$582M5%

Geographic Segments

Lower 48

$10.0B81%

NORWAY

$577M5%

CANADA

$449M4%

Libya

$447M4%

UNITED KINGDOM

$404M3%

CHINA

$244M2%

MALAYSIA

$189M2%

International

$1M0%