ConocoPhillips (COP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,957,000 | 18,680,000 | 8,079,000 | -2,701,000 | 7,189,000 |
| Revenue | US$ in thousands | 56,141,000 | 78,494,000 | 45,828,000 | 18,784,000 | 36,670,000 |
| Net profit margin | 19.52% | 23.80% | 17.63% | -14.38% | 19.60% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $10,957,000K ÷ $56,141,000K
= 19.52%
Conoco Phillips' net profit margin has displayed significant fluctuations over the past five years. In 2023, the net profit margin stood at 19.45%, marking a decline from the previous year's margin of 23.80%. This decrease suggests a potential decline in efficiency in converting revenue into profit.
Comparing to the negative net profit margin of -14.38% in 2020, the recent improvements in profitability are notable. It is important to further investigate the factors influencing these fluctuations to understand the company's financial performance and sustainability. Additionally, examining industry benchmarks and trends may provide further insights into Conoco Phillips' competitive position and operational efficiency.
Peer comparison
Dec 31, 2023