ConocoPhillips (COP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 16,383,000 | 28,193,000 | 30,013,000 | 14,768,000 | 841,000 |
| Revenue | US$ in thousands | 54,745,000 | 57,861,000 | 78,494,000 | 45,828,000 | 18,784,000 |
| Gross profit margin | 29.93% | 48.73% | 38.24% | 32.22% | 4.48% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $16,383,000K ÷ $54,745,000K
= 29.93%
ConocoPhillips' gross profit margin has shown notable fluctuations over the years, with a significant uptrend observed from 2020 to 2023. The margin increased from a low of 4.48% in December 2020 to a peak of 48.73% by December 2023, indicating a substantial improvement in the company's ability to generate profits from its core operations. However, in December 2024, there was a decline in the gross profit margin to 29.93%, which suggests a decrease in the company's profitability compared to the previous year. Overall, the trend in the gross profit margin showcases both positive and negative movements, highlighting the importance of monitoring and analyzing financial performance metrics over time.
Peer comparison
Dec 31, 2024