ConocoPhillips (COP)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 9,245,000 | 9,946,000 | 10,685,000 | 10,588,000 | 10,957,000 | 11,199,000 | 12,928,000 | 15,824,000 | 18,663,000 | 18,041,000 | 15,893,000 | 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 |
| Total stockholders’ equity | US$ in thousands | 64,796,000 | 49,881,000 | 49,745,000 | 49,325,000 | 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 | 29,849,000 | 29,849,000 | 30,783,000 | 31,493,000 | 31,315,000 |
| ROE | 14.27% | 19.94% | 21.48% | 21.47% | 22.23% | 23.46% | 27.20% | 33.12% | 38.88% | 36.76% | 31.66% | 26.12% | 17.79% | 10.61% | 4.18% | 0.07% | -9.05% | -3.93% | 7.29% | 11.55% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $9,245,000K ÷ $64,796,000K
= 14.27%
ConocoPhillips' return on equity (ROE) has displayed significant fluctuations over the past few years, ranging from negative values to double-digit positive percentages. The ROE for the company started at 11.55% in March 2020, gradually declining to -9.05% by December 2020. However, from March 2021 onwards, the ROE began to improve consistently, reaching a peak of 38.88% by December 2022. This period saw a remarkable turnaround in the company's profitability and efficiency in generating returns for its shareholders.
Subsequently, the ROE saw a slight decline in the following periods, stabilizing around the 20% mark from March 2024 to December 2024. This could indicate a potential adjustment phase or a more sustainable level of return on equity for the company going forward. Overall, the increasing trend in ROE from 2021 to 2022 reflects improvements in ConocoPhillips' operational performance and financial management, leading to enhanced profitability and shareholder value. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and performance over time.
Peer comparison
Dec 31, 2024