ConocoPhillips (COP)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 9,245,000 | 10,957,000 | 18,680,000 | 8,079,000 | -2,655,000 |
| Total stockholders’ equity | US$ in thousands | 1,414,000 | 49,279,000 | 48,003,000 | 45,406,000 | 29,849,000 |
| ROE | 653.82% | 22.23% | 38.91% | 17.79% | -8.89% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $9,245,000K ÷ $1,414,000K
= 653.82%
ConocoPhillips' return on equity (ROE) has displayed notable fluctuations over the years. From a negative ROE of -8.89% in December 2020, the company improved significantly to achieve an ROE of 17.79% by December 2021. Subsequently, ConocoPhillips experienced a substantial ROE increase to 38.91% by December 2022, reflecting improved profitability and efficiency in utilizing shareholders' equity.
In the following years, the company's ROE remained relatively strong, reaching 22.23% by December 2023. Notably, there was a remarkable surge in ROE to 653.82% by December 2024, indicating a highly exceptional performance relative to the equity provided by shareholders.
Overall, these fluctuations in ConocoPhillips' ROE suggest varying levels of profitability and efficiency in generating returns from shareholders' equity, with the most recent year showing an extraordinary surge in performance. It would be beneficial for stakeholders to further analyze the factors driving these changes in ROE to assess the company's financial health and future prospects.
Peer comparison
Dec 31, 2024