ConocoPhillips Q1 2024: Assets Top $101B

Ticker: COP · Form: 10-Q · Filed: 2024-05-02T00:00:00.000Z

Sentiment: neutral

Topics: financials, assets, quarterly-report

TL;DR

COP Q1 assets $101.5B, common stock & debentures detailed. All good.

AI Summary

ConocoPhillips reported its first quarter 2024 results, with total assets at $101.5 billion as of March 31, 2024. The company's filing covers the period ending March 31, 2024, and includes financial data such as common stock and debentures. ConocoPhillips is a major player in the petroleum refining industry.

Why It Matters

This filing provides insight into the financial health and asset base of a major energy company, impacting investors and the broader energy market.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report with no immediate red flags.

Key Numbers

Key Players & Entities

FAQ

What were ConocoPhillips' total assets at the end of the first quarter of 2024?

ConocoPhillips' total assets were $101.5 billion as of March 31, 2024.

What is ConocoPhillips' Standard Industrial Classification code?

ConocoPhillips' SIC code is PETROLEUM REFINING [2911].

What is the reporting period for this 10-Q filing?

The reporting period is for the quarter ended March 31, 2024.

What type of financial instruments are mentioned in the filing besides common stock?

The filing mentions 'SevenPercentDebenturesDueTwentyTwentyNineMember'.

When was the company formerly known as CORVETTEPORSCHE CORP?

The date of the name change from CORVETTEPORSCHE CORP to ConocoPhillips was December 4, 2001.

From the Filing

0001163165-24-000023.txt : 20240502 0001163165-24-000023.hdr.sgml : 20240502 20240502133034 ACCESSION NUMBER: 0001163165-24-000023 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 105 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONOCOPHILLIPS CENTRAL INDEX KEY: 0001163165 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 010562944 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-32395 FILM NUMBER: 24906958 BUSINESS ADDRESS: STREET 1: 925 N. ELDRIDGE PARKWAY CITY: HOUSTON STATE: TX ZIP: 77079 BUSINESS PHONE: 281-293-1000 MAIL ADDRESS: STREET 1: SHIPPING & RECEIVING CENTER STREET 2: 16930 PARK ROW DR. CITY: HOUSTON STATE: TX ZIP: 77084 FORMER COMPANY: FORMER CONFORMED NAME: CORVETTEPORSCHE CORP DATE OF NAME CHANGE: 20011204 10-Q 1 cop-20240331.htm 10-Q cop-20240331 0001163165 12-31 2024 Q1 false http://fasb.org/us-gaap/2023#OtherAssetsNoncurrent P1Y 4.5 0001163165 2024-01-01 2024-03-31 0001163165 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001163165 cop:SevenPercentDebenturesDueTwentyTwentyNineMember 2024-01-01 2024-03-31 0001163165 2024-03-31 xbrli:shares iso4217:USD 0001163165 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001163165 2023-12-31 0001163165 us-gaap:NonrelatedPartyMember 2024-03-31 0001163165 us-gaap:NonrelatedPartyMember 2023-12-31 0001163165 us-gaap:RelatedPartyMember 2024-03-31 0001163165 us-gaap:RelatedPartyMember 2023-12-31 0001163165 2022-12-31 0001163165 2023-03-31 0001163165 cop:SurmontMember 2023-10-04 xbrli:pure 0001163165 cop:SurmontMember 2023-10-04 2023-10-04 iso4217:CAD 0001163165 cop:SurmontMember 2024-01-01 2024-03-31 0001163165 cop:SurmontMember 2023-10-31 0001163165 cop:SurmontMember 2023-01-01 2023-03-31 0001163165 srt:ProFormaMember 2023-01-01 2023-03-31 0001163165 cop:AustraliaPacificAplngMember 2024-03-31 0001163165 cop:PortArthurLNGMember 2023-03-31 0001163165 cop:PortArthurLNGMember 2024-03-31 0001163165 cop:QatarEnergyLNGN3Member 2024-03-31 0001163165 cop:QatarEnergyLNGN3Member cop:QatarEnergyMember 2024-03-31 0001163165 cop:MitsuiCoLtdMember cop:QatarEnergyLNGN3Member 2024-03-31 0001163165 cop:QatarEnergyLNGNFE4Member 2024-03-31 0001163165 cop:QatarEnergyMember cop:QatarEnergyLNGNFE4Member 2024-03-31 0001163165 cop:QatarEnergyLNGNFS3Member 2024-03-31 0001163165 cop:QatarEnergyLNGNFS3Member cop:QatarEnergyMember 2024-03-31 0001163165 cop:QatarLiquifiedGasCompanyMember 2024-03-31 0001163165 us-gaap:NotesPayableToBanksMember cop:A2125NoteDue2024Member 2024-03-01 2024-03-31 0001163165 us-gaap:NotesPayableToBanksMember cop:A2125NoteDue2024Member 2024-03-31 0001163165 us-gaap:RevolvingCreditFacilityMember 2024-03-31 0001163165 us-gaap:LetterOfCreditMember srt:MaximumMember 2024-03-31 0001163165 us-gaap:RevolvingCreditFacilityMember 2023-12-31 0001163165 cop:VariableRateDebtBondsMember 2024-03-31 0001163165 us-gaap:CommonStockMember 2023-12-31 0001163165 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001163165 us-gaap:TreasuryStockCommonMember 2023-12-31 0001163165 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001163165 us-gaap:RetainedEarningsMember 2023-12-31 0001163165 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001163165 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001163165 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001163165 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001163165 us-gaap:CommonStockMember 2024-03-31 0001163165 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001163165 us-gaap:TreasuryStockCommonMember 2024-03-31 0001163165 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001163165 us-gaap:RetainedEarningsMember 2024-03-31 0001163165 us-gaap:CommonStockMember 2022-12-31 0001163165 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 000116

View on Read The Filing