ConocoPhillips (COP)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 10,957,000 | 18,680,000 | 8,079,000 | -2,701,000 | 7,189,000 |
| Total stockholders’ equity | US$ in thousands | 49,279,000 | 48,003,000 | 45,406,000 | 29,849,000 | 34,981,000 |
| ROE | 22.23% | 38.91% | 17.79% | -9.05% | 20.55% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $10,957,000K ÷ $49,279,000K
= 22.23%
Conoco Phillips' return on equity (ROE) has exhibited fluctuations over the past five years. In 2023, the ROE stood at 22.16%, reflecting a decline from the previous year's 38.91%. This decrease indicates a decrease in the company's ability to generate profits from shareholders' equity. However, the 2023 ROE remains above the levels seen in 2021 and 2019, indicating relative stability and improved performance compared to those years. The negative ROE in 2020 (-9.05%) suggests that Conoco Phillips experienced a period of loss-making relative to its shareholders' equity. The company's ROE performance should be further analyzed to determine the factors contributing to these trends and to assess its overall profitability and efficiency in utilizing shareholder funds.
Peer comparison
Dec 31, 2023