ConocoPhillips (COP)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 10,957,000 | 11,199,000 | 12,928,000 | 15,841,000 | 18,680,000 | 18,058,000 | 15,910,000 | 12,856,000 | 8,079,000 | 4,680,000 | 1,851,000 | 20,000 | -2,701,000 | -1,209,000 | 2,297,000 | 3,617,000 | 7,189,000 | 8,337,000 | 7,142,000 | 6,450,000 |
| Total stockholders’ equity | US$ in thousands | 49,279,000 | 47,745,000 | 47,531,000 | 47,783,000 | 48,003,000 | 49,079,000 | 50,202,000 | 49,218,000 | 45,406,000 | 44,115,000 | 44,276,000 | 43,155,000 | 29,849,000 | 30,783,000 | 31,493,000 | 31,315,000 | 34,981,000 | 35,146,000 | 32,976,000 | 32,859,000 |
| ROE | 22.23% | 23.46% | 27.20% | 33.15% | 38.91% | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | -3.93% | 7.29% | 11.55% | 20.55% | 23.72% | 21.66% | 19.63% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $10,957,000K ÷ $49,279,000K
= 22.23%
Conoco Phillips' Return on Equity (ROE) has been showing a positive trend over the past eight quarters. The ROE peaked at 38.91% in Q4 2022 and has gradually decreased since then, reaching 22.16% in Q4 2023. This indicates that the company's ability to generate profit from its shareholder's equity has slightly declined.
Overall, Conoco Phillips has maintained healthy ROE figures above 20% throughout the observed period, suggesting efficient utilization of shareholder funds to generate earnings. However, the decreasing trend in ROE from its peak could be worth monitoring for any potential impact on the company's financial performance and efficiency in the long run.
Peer comparison
Dec 31, 2023