ConocoPhillips (COP) balance sheet

NYSE · Energy · Oil & Gas Exploration & Production · 9,600 employees · CEO Andrew O'Brien

Price: $154.03 +2.67%
Market cap: $185B
Enterprise value: $202B
Last report: Q2 '26 filed 2026-08-06
Next report: 2026-11-05 EPS est. $3.05

At the end of Q2 '26 ConocoPhillips (COP) held $7.69B in cash and short-term investments against $23.3B of debt incl. leases. Total assets $124B, total liabilities $58.9B, shareholders' equity $65.3B.

Balance sheet

Balance sheet	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26
Assets
Cash & equivalents	$8.83B	$5.64B	$5.57B	$4.29B	$5.22B	$5.61B	$6.31B	$4.9B	$5.26B	$6.5B	$5.88B	$6.57B
Short-term investments	$616M	$971M	$487M	$1.72B	$1.57B	$507M	$926M	$439M	$996M	$484M	$486M	$1.12B
Receivables	$5.67B	$5.47B	$5.46B	$5.31B	$4.82B	$6.7B	$6.4B	$5.7B	$5.74B	$5.81B	$7.05B	$6.96B
Inventory	$1.33B	$1.4B	$1.44B	$1.45B	$1.5B	$1.81B	$1.84B	$1.9B	$1.72B	$1.87B	$1.91B	$1.88B
Other current assets	$738M	$852M	$759M	$963M	$881M	$1.03B	$1.43B	$1B	$2.16B	$556M	$906M	$2.67B
Current assets	$17.2B	$14.3B	$13.7B	$13.7B	$14B	$15.6B	$16.9B	$13.9B	$15.9B	$15.5B	$16.2B	$19.2B
Property, plant & equipment (net)	$65.6B	$70.7B	$69.9B	$70.2B	$70.7B	$95.4B	$94.3B	$95.2B	$93.5B	$94.2B	$93.1B	$91.2B
Long-term investments	$9.1B	$9.51B	$9.53B	$9.71B	$9.58B	$10.3B	$10.4B	$10.8B	$10.5B	$10.7B	$10.3B	$10.9B
Deferred tax assets	$0	$255M	$0	$0	$0	$230M	$0	$0	$0	$221M	$0	$0
Other non-current assets	$1.81B	$1.1B	$2.19B	$2.33B	$2.41B	$1.27B	$2.59B	$2.6B	$2.55B	$1.35B	$3.04B	$2.88B
Non-current assets	$76.5B	$81.6B	$81.6B	$82.3B	$82.7B	$107B	$107B	$109B	$107B	$106B	$106B	$105B
Total assets	$93.7B	$95.9B	$95.3B	$96B	$96.7B	$123B	$124B	$123B	$122B	$122B	$123B	$124B
Liabilities
Accounts payable	$5.14B	$5.12B	$5.14B	$5.16B	$5.19B	$6.04B	$7.35B	$6.52B	$6.25B	$6.22B	$7.02B	$6.76B
Accrued expenses	$691M	$774M	$405M	$516M	$627M	$1.09B	$652M	$710M	$1.02B	$1.76B	$505M	$593M
Short-term debt	$881M	$1.27B	$1.11B	$1.31B	$1.31B	$1.36B	$608M	$414M	$1.02B	$714M	$1.07B	$462M
Taxes payable	$1.92B	$1.81B	$2.12B	$2.02B	$2.47B	$2.46B	$2.92B	$1.74B	$1.94B	$1.84B	$2.13B	$2.54B
Other current liabilities	$1.7B	$1.04B	$1.39B	$1.32B	$1.16B	$1.17B	$1.8B	$1.6B	$1.79B	$1.14B	$1.87B	$2.09B
Current liabilities	$10.3B	$10B	$10.2B	$10.3B	$10.8B	$12.1B	$13.3B	$11B	$12B	$12B	$12.6B	$12.5B
Long-term debt	$18.2B	$17B	$17.3B	$17B	$17B	$22.6B	$23.2B	$23.1B	$22.5B	$22.4B	$22.3B	$22.8B
Lease obligations (non-current)	$0	$1.34B	$0	$0	$0	$1.34B	$0	$0	$0	$0	$0	$0
Deferred tax liabilities	$8.33B	$8.81B	$8.78B	$8.93B	$8.99B	$11.4B	$11.5B	$11.8B	$12.1B	$12.2B	$12.4B	$12.4B
Other non-current liabilities	$9.06B	$9.46B	$9.78B	$9.96B	$10.1B	$10.5B	$11B	$11.2B	$11B	$10.8B	$10.9B	$11.2B
Non-current liabilities	$35.6B	$36.6B	$35.9B	$35.9B	$36.1B	$45.9B	$45.7B	$46B	$45.5B	$45.5B	$45.6B	$46.5B
Total liabilities	$45.9B	$46.6B	$46B	$46.2B	$46.8B	$58B	$59B	$57B	$57.5B	$57.5B	$58.2B	$58.9B
Equity
Common stock & paid-in capital	$21M	$21M	$21M	$21M	$21M	$23M	$23M	$23M	$23M	$23M	$23M	$23M
Retained earnings	$57B	$59.3B	$60.9B	$62.3B	$63.5B	$64.9B	$66.7B	$67.7B	$68.5B	$68.9B	$70B	$72.9B
Accumulated other comprehensive income	-$5.96B	-$5.67B	-$5.92B	-$5.96B	-$5.85B	-$6.47B	-$6.39B	-$5.9B	-$6.07B	-$5.91B	-$6.03B	-$6.18B
Shareholders' equity	$47.7B	$49.3B	$49.3B	$49.7B	$49.9B	$64.8B	$65.2B	$65.6B	$64.9B	$64.5B	$64.5B	$65.3B
Debt
Total debt (incl. leases)	$19.1B	$19.6B	$18.4B	$18.4B	$18.3B	$25.3B	$23.8B	$23.5B	$23.5B	$23.4B	$23.3B	$23.3B
Net debt (debt - cash)	$10.2B	$14B	$12.8B	$14.1B	$13.1B	$19.7B	$17.5B	$18.6B	$18.2B	$16.9B	$17.5B	$16.7B

Balance sheet	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Assets
Cash & equivalents	$3.61B	$6.33B	$5.92B	$5.18B	$2.99B	$5.03B	$6.46B	$5.64B	$5.61B	$6.5B
Short-term investments	$319M	$1.87B	$248M	$3.03B	$4.87B	$1.56B	$2.79B	$971M	$507M	$484M
Receivables	$3.41B	$4.32B	$4.07B	$3.4B	$2.75B	$6.67B	$7.09B	$5.47B	$6.7B	$5.81B
Inventory	$1.02B	$1.06B	$1.01B	$1.03B	$1B	$1.21B	$1.22B	$1.4B	$1.81B	$1.87B
Other current assets	$248M	$2.93B	$2.04B	$4.28B	$0	$1.32B	$1.2B	$852M	$1.03B	$556M
Current assets	$8.61B	$16.5B	$13.3B	$16.9B	$12.1B	$16.1B	$18.7B	$14.3B	$15.6B	$15.5B
Property, plant & equipment (net)	$58.3B	$45.7B	$45.7B	$43.2B	$39.9B	$64.9B	$65.4B	$70.7B	$95.4B	$94.2B
Long-term investments	$21.7B	$10.1B	$9.94B	$9.12B	$7.88B	$7.02B	$8.7B	$9.51B	$10.3B	$10.7B
Deferred tax assets	$400M	$164M	$442M	$184M	$0	$0	$241M	$255M	$230M	$221M
Other non-current assets	$760M	$901M	$626M	$1.13B	$2.78B	$2.69B	$734M	$1.1B	$1.27B	$1.35B
Non-current assets	$81.2B	$56.9B	$56.7B	$53.6B	$50.6B	$74.6B	$75.1B	$81.6B	$107B	$106B
Total assets	$89.8B	$73.4B	$70B	$70.5B	$62.6B	$90.7B	$93.8B	$95.9B	$123B	$122B
Liabilities
Accounts payable	$3.65B	$4.03B	$3.9B	$3.2B	$2.7B	$5.03B	$6.16B	$5.12B	$6.04B	$6.22B
Accrued expenses	$689M	$725M	$809M	$663M	$1.12B	$2.18B	$728M	$774M	$1.09B	$1.76B
Short-term debt	$1.09B	$2.58B	$112M	$452M	$451M	$920M	$572M	$1.27B	$1.36B	$714M
Taxes payable	$484M	$1.04B	$1.32B	$1.03B	$320M	$2.86B	$3.19B	$1.81B	$2.46B	$1.84B
Other current liabilities	$994M	$1.03B	$1.26B	$1.7B	$608M	$755M	$2.19B	$1.04B	$1.17B	$1.14B
Current liabilities	$6.91B	$9.4B	$7.4B	$7.04B	$5.37B	$12B	$12.8B	$10B	$12.1B	$12B
Long-term debt	$26.2B	$17.1B	$14.9B	$14.2B	$14B	$17.8B	$15.2B	$17B	$22.6B	$22.4B
Lease obligations (non-current)	$768M	$774M	$698M	$1.22B	$723M	$981M	$1.43B	$1.34B	$1.34B	$0
Deferred tax liabilities	$8.95B	$5.28B	$5.02B	$4.63B	$3.75B	$6.18B	$7.73B	$8.81B	$11.4B	$12.2B
Other non-current liabilities	$12.5B	$10.8B	$10.6B	$8.41B	$8.91B	$8.32B	$8.64B	$9.46B	$10.5B	$10.8B
Non-current liabilities	$47.6B	$33.2B	$30.5B	$28.4B	$27.4B	$33.2B	$33B	$36.6B	$45.9B	$45.5B
Total liabilities	$54.5B	$42.6B	$37.9B	$35.5B	$32.8B	$45.3B	$45.8B	$46.6B	$58B	$57.5B
Equity
Common stock & paid-in capital	$18M	$18M	$18M	$18M	$18M	$21M	$21M	$21M	$23M	$23M
Retained earnings	$31.5B	$29.4B	$34B	$39.7B	$35.2B	$40.7B	$53B	$59.3B	$64.9B	$68.9B
Accumulated other comprehensive income	-$6.19B	-$5.52B	-$6.06B	-$5.36B	-$5.22B	-$4.95B	-$6B	-$5.67B	-$6.47B	-$5.91B
Shareholders' equity	$35B	$30.6B	$31.9B	$35B	$29.8B	$45.4B	$48B	$49.3B	$64.8B	$64.5B
Debt
Total debt (incl. leases)	$27.3B	$19.7B	$15B	$15.8B	$15.4B	$19.9B	$17.2B	$19.6B	$25.3B	$23.4B
Net debt (debt - cash)	$23.7B	$13.4B	$9.05B	$10.6B	$12.4B	$14.9B	$10.7B	$14B	$19.7B	$16.9B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.

Cash, investments and debt

quarter ends

The other statements

Income statementRevenue, costs, operating income, net income and EPSOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-01