ConocoPhillips (COP)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 16,288,000 | 28,228,000 | 12,712,000 | -3,186,000 | 9,456,000 |
| Revenue | US$ in thousands | 56,141,000 | 78,494,000 | 45,828,000 | 18,784,000 | 36,670,000 |
| Pretax margin | 29.01% | 35.96% | 27.74% | -16.96% | 25.79% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $16,288,000K ÷ $56,141,000K
= 29.01%
The pretax margin of Conoco Phillips has fluctuated over the past five years. In 2023, the company achieved a relatively healthy pretax margin of 29.01%, showing a slight decrease from the preceding year's level of 35.96%. The year 2021 also demonstrated a favorable pretax margin of 27.74%. However, in 2020, the pretax margin turned negative at -16.72%, indicating financial challenges for the company during that period. The pretax margin rebounded in 2019 to 29.24%, showcasing a strong performance compared to the following years. Overall, the varying pretax margins reflect the company's ability to generate profits before considering taxes and highlight the importance of monitoring financial performance over time.
Peer comparison
Dec 31, 2023