ConocoPhillips (COP)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 25,065,000 | 25,903,000 | 29,173,000 | 33,653,000 | 36,311,000 | 35,782,000 | 31,966,000 | 27,985,000 | 22,718,000 | 17,439,000 | 12,892,000 | 8,363,000 | 4,746,000 | 6,735,000 | 11,178,000 | 13,657,000 | 17,980,000 | 19,215,000 | 18,347,000 | 18,183,000 |
| 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 |
| Operating profit margin | 44.65% | 43.19% | 43.72% | 44.55% | 46.26% | 47.67% | 48.90% | 52.05% | 49.57% | 48.06% | 43.94% | 35.14% | 25.27% | 31.55% | 41.31% | 43.46% | 49.03% | 49.41% | 47.09% | 45.98% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $25,065,000K ÷ $56,141,000K
= 44.65%
Conoco Phillips' operating profit margin has shown a declining trend over the past eight quarters. The company's operating profit margin decreased from 32.12% in Q4 2022 to 26.26% in Q4 2023, indicating a downward trajectory in profitability. This suggests that the company may be facing challenges in controlling its operating expenses relative to its revenue generation. It is important for Conoco Phillips to closely monitor and address the factors contributing to this decline in operating profit margin to ensure long-term profitability and sustainability.
Peer comparison
Dec 31, 2023