ConocoPhillips (COP)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 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 | 119,000 | -3,186,000 | -837,000 | 3,153,000 | 5,191,000 | 9,456,000 | 10,855,000 | 10,271,000 | 9,994,000 |
| 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 |
| Pretax margin | 29.01% | 28.78% | 30.87% | 32.95% | 35.96% | 36.41% | 35.91% | 35.15% | 27.74% | 20.09% | 10.89% | 0.50% | -16.96% | -3.92% | 11.65% | 16.52% | 25.79% | 27.91% | 26.36% | 25.27% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $16,288,000K ÷ $56,141,000K
= 29.01%
Conoco Phillips' pretax margin has shown some fluctuations over the past eight quarters, ranging from 29.01% to 35.96%. The company's pretax margin was highest in Q4 2022 at 35.96% and lowest in Q4 2023 at 29.01%. Despite some variability, the pretax margin has generally remained above 30% in most quarters, indicating that the company is effectively managing its operating expenses in relation to its revenue before taxes. The downward trend from Q4 2022 to Q4 2023 may warrant further investigation to understand the factors contributing to this decrease and evaluate the company's overall profitability and operational efficiency.
Peer comparison
Dec 31, 2023