ConocoPhillips (COP)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 13,672,000 | 14,966,000 | 15,831,000 | 15,534,000 | 16,288,000 | 17,259,000 | 20,599,000 | 24,892,000 | 28,228,000 | 27,329,000 | 23,471,000 | 18,896,000 | 12,712,000 | 7,290,000 | 3,196,000 | 137,000 | -3,140,000 | -768,000 | 3,237,000 | 5,274,000 |
| Revenue (ttm) | US$ in thousands | 55,276,000 | 55,684,000 | 56,330,000 | 55,093,000 | 56,056,000 | 59,970,000 | 66,733,000 | 75,543,000 | 78,494,000 | 75,056,000 | 65,369,000 | 53,764,000 | 45,828,000 | 36,199,000 | 29,259,000 | 22,452,000 | 18,784,000 | 21,001,000 | 24,371,000 | 29,575,000 |
| Pretax margin | 24.73% | 26.88% | 28.10% | 28.20% | 29.06% | 28.78% | 30.87% | 32.95% | 35.96% | 36.41% | 35.91% | 35.15% | 27.74% | 20.14% | 10.92% | 0.61% | -16.72% | -3.66% | 13.28% | 17.83% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $13,672,000K ÷ $55,276,000K
= 24.73%
ConocoPhillips's pretax margin has shown fluctuation over the periods analyzed. The pretax margin was positive in most quarters, indicating that ConocoPhillips was able to generate profits before accounting for taxes. Notably, the pretax margin improved consistently from negative figures in September and December 2020 to reach a peak of 36.41% in September 2022.
The company experienced a significant increase in profitability during this period, reaching a peak in March 2022, with a pretax margin of 35.15%. However, there was a slight decrease in the following quarters, stabilizing around the mid-20% range by the end of 2024. Despite some fluctuations, the overall trend suggests that ConocoPhillips has been able to maintain a relatively healthy level of profitability in recent quarters.
It is essential to continue monitoring ConocoPhillips's pretax margin to assess the sustainability of its profitability and its ability to manage operational expenses and tax obligations effectively.
Peer comparison
Dec 31, 2024