ConocoPhillips (COP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 25,065,000 | 36,311,000 | 23,096,000 | 4,746,000 | 17,564,000 |
| Revenue | US$ in thousands | 56,141,000 | 78,494,000 | 45,828,000 | 18,784,000 | 36,670,000 |
| Operating profit margin | 44.65% | 46.26% | 50.40% | 25.27% | 47.90% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $25,065,000K ÷ $56,141,000K
= 44.65%
Conoco Phillips' operating profit margin has fluctuated over the past five years. In 2023, the company's operating profit margin was 26.26%, showing a decrease from 32.12% in 2022. This decline indicates a decrease in the company's profitability relative to its revenue generated from core operations.
Comparing the 2023 operating profit margin to that of 2021, which was 25.81%, there has been a slight improvement. This suggests that the company was able to enhance its efficiency in generating profit from its core business activities in 2023 compared to 2021.
The operating profit margin in 2020 was negative at -10.92%, indicating that the company's operating expenses exceeded its operating revenue. This could have been a result of various factors such as a significant decrease in revenue or an increase in operating expenses, impacting the company's overall profitability.
In 2019, the operating profit margin was 20.68%, reflecting a moderate level of profitability relative to revenue generated from core operations.
Overall, Conoco Phillips' operating profit margin has shown variability over the past five years, with fluctuations indicating changes in the company's operational efficiency and profitability levels.
Peer comparison
Dec 31, 2023