ConocoPhillips (COP)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	9,245,000	10,957,000	18,680,000	8,079,000	-2,655,000
Revenue	US$ in thousands	54,745,000	57,861,000	78,494,000	45,828,000	18,784,000
Net profit margin		16.89%	18.94%	23.80%	17.63%	-14.13%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $9,245,000K ÷ $54,745,000K
= 16.89%

ConocoPhillips' net profit margin has shown fluctuating trends over the five-year period from December 31, 2020, to December 31, 2024. The net profit margin was negative at -14.13% in December 2020, indicating that the company's expenses exceeded its revenues, resulting in a loss. However, there has been a significant turnaround in subsequent years, with the net profit margin rising to 17.63% in December 2021, and further increasing to 23.80% in December 2022, showcasing improved profitability.

Despite a slight drop to 18.94% in December 2023 and 16.89% in December 2024, the net profit margin remained positive, indicating that the company was able to generate profits after accounting for all expenses. Overall, the positive net profit margins in the latter years demonstrate ConocoPhillips' ability to effectively manage costs and generate healthy profits, albeit with some fluctuations.