ConocoPhillips (COP)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 12,783,000 | 27,035,000 | 28,094,000 | 14,004,000 | -1,890,000 |
| Revenue | US$ in thousands | 54,745,000 | 57,861,000 | 78,494,000 | 45,828,000 | 18,784,000 |
| Operating profit margin | 23.35% | 46.72% | 35.79% | 30.56% | -10.06% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $12,783,000K ÷ $54,745,000K
= 23.35%
ConocoPhillips' operating profit margin has exhibited significant fluctuation over the years under review. The margin declined to -10.06% on December 31, 2020, indicating that the company's operating expenses exceeded its operating income. However, there was a notable turnaround in the subsequent years, with the margin improving to 30.56% in 2021, 35.79% in 2022, and further increasing to 46.72% in 2023, signifying improved operational efficiency and profitability.
However, there was a slight decrease in the operating profit margin to 23.35% by December 31, 2024. This could be a result of various factors such as changes in commodity prices, operational challenges, or other external factors impacting the company's profitability. Overall, ConocoPhillips' operating profit margin has shown a mix of positive and negative trends, highlighting the need for continued monitoring and strategic decision-making to sustain and enhance profitability in the future.
Peer comparison
Dec 31, 2024