ConocoPhillips (COP)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 10,957,000 | 11,199,000 | 12,928,000 | 15,841,000 | 18,680,000 | 18,058,000 | 15,910,000 | 12,856,000 | 8,079,000 | 4,680,000 | 1,851,000 | 20,000 | -2,701,000 | -1,209,000 | 2,297,000 | 3,617,000 | 7,189,000 | 8,337,000 | 7,142,000 | 6,450,000 |
| Revenue (ttm) | US$ in thousands | 56,141,000 | 59,970,000 | 66,733,000 | 75,543,000 | 78,494,000 | 75,056,000 | 65,369,000 | 53,764,000 | 45,828,000 | 36,285,000 | 29,339,000 | 23,799,000 | 18,784,000 | 21,347,000 | 27,060,000 | 31,424,000 | 36,670,000 | 38,891,000 | 38,963,000 | 39,544,000 |
| Net profit margin | 19.52% | 18.67% | 19.37% | 20.97% | 23.80% | 24.06% | 24.34% | 23.91% | 17.63% | 12.90% | 6.31% | 0.08% | -14.38% | -5.66% | 8.49% | 11.51% | 19.60% | 21.44% | 18.33% | 16.31% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $10,957,000K ÷ $56,141,000K
= 19.52%
The net profit margin of Conoco Phillips has shown fluctuations over the past eight quarters, ranging from a high of 24.34% in Q2 2022 to a low of 18.65% in Q3 2023. The company's net profit margin indicates that for every dollar of revenue generated, Conoco Phillips is able to retain an average of around 20% as net income after accounting for all expenses.
The downward trend in the net profit margin from Q4 2022 to Q3 2023 may suggest challenges in cost management or a decrease in revenue relative to expenses during that period. However, it is worth noting that the net profit margin rebounded slightly in Q4 2023 compared to the previous quarter.
Overall, Conoco Phillips has maintained healthy net profit margins consistently above 18%, which indicates the company's ability to generate profits relative to its revenue. Continued monitoring of the net profit margin trend will provide insight into the company's financial performance and efficiency in managing costs and generating profits.
Peer comparison
Dec 31, 2023