ConocoPhillips Files Q1 2025 10-Q

Ticker: COP · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, acquisition, Marathon Oil, financials

Related Tickers: MRO

TL;DR

ConocoPhillips Q1 2025 10-Q filed. Marathon Oil deal details emerge.

AI Summary

ConocoPhillips filed its 10-Q for the period ending March 31, 2025. The company is involved in petroleum refining and has a fiscal year end of December 31. Key dates mentioned include November 22, 2024, related to Marathon Oil Corporation, and the filing date of May 8, 2025.

Why It Matters

This filing provides investors with an update on ConocoPhillips' financial performance and operational status for the first quarter of 2025, including details related to its acquisition activities.

Risk Assessment

Risk Level: medium — The filing mentions a significant acquisition (Marathon Oil), which introduces integration and financial risks.

Key Numbers

2025-03-31 — Period End Date (Reporting period for the 10-Q)
2025-05-08 — Filing Date (Date the 10-Q was submitted to the SEC)
2024-11-22 — Marathon Oil Acquisition Date (Key date related to the Marathon Oil transaction)

Key Players & Entities

CONOCOPHILLIPS (company) — Filer
20250331 (date) — Period of Report
20250508 (date) — Filing Date
Marathon Oil Corporation (company) — Acquisition Target
925 N. ELDRIDGE PARKWAY (location) — Business Address
HOUSTON (location) — Business City
DE (location) — State of Incorporation

FAQ

What is the primary business of ConocoPhillips?

ConocoPhillips is primarily involved in petroleum refining, as indicated by its Standard Industrial Classification code [2911].

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

The Conformed Period of Report is March 31, 2025.

When was this 10-Q filing submitted to the SEC?

This filing was submitted on May 8, 2025.

What significant transaction is mentioned in relation to Marathon Oil Corporation?

The filing references Marathon Oil Corporation multiple times, with key dates such as November 22, 2024, suggesting a significant transaction or acquisition activity.

Where is ConocoPhillips headquartered?

ConocoPhillips' business address is located at 925 N. Eldridge Parkway, Houston, TX 77079.

From the Filing

0001163165-25-000025.txt : 20250508 0001163165-25-000025.hdr.sgml : 20250508 20250508133157 ACCESSION NUMBER: 0001163165-25-000025 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 97 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONOCOPHILLIPS CENTRAL INDEX KEY: 0001163165 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 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: 25925160 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-20250331.htm 10-Q cop-20250331 0001163165 12-31 2025 Q1 false http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent P1Y xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:CAD cop:affiliate cop:award cop:platform utr:Bcf iso4217:USD utr:Boe cop:segment 0001163165 2025-01-01 2025-03-31 0001163165 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001163165 cop:SevenPercentDebenturesDueTwentyTwentyNineMember 2025-01-01 2025-03-31 0001163165 2025-03-31 0001163165 2024-01-01 2024-03-31 0001163165 2024-12-31 0001163165 2023-12-31 0001163165 2024-03-31 0001163165 cop:MarathonOilCorporationMember 2024-11-22 2024-11-22 0001163165 cop:MarathonOilCorporationMember 2024-11-01 2024-11-30 0001163165 2024-11-22 0001163165 cop:MarathonOilCorporationMember 2024-11-22 0001163165 cop:LowerFortyEightMember cop:MarathonOilCorporationMember 2024-11-22 0001163165 country:GQ cop:MarathonOilCorporationMember 2024-11-22 0001163165 2024-11-22 2025-03-31 0001163165 cop:MarathonOilCorporationMember 2024-01-01 2024-03-31 0001163165 srt:ProFormaMember 2024-01-01 2024-03-31 0001163165 cop:CertainNoncoreAssetsMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember cop:LowerFortyEightSegmentMember 2025-01-01 2025-03-31 0001163165 cop:CertainNoncoreAssetsMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember cop:LowerFortyEightSegmentMember 2025-03-31 0001163165 cop:UrsaEuropaFieldsAndUrsaOilPipelineCompanyLLCMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember cop:LowerFortyEightMember 2025-02-01 2025-02-28 0001163165 cop:UrsaEuropaFieldsAndUrsaOilPipelineCompanyLLCMember us-gaap:DisposalGroupHeldforsaleNotDiscontinuedOperationsMember cop:LowerFortyEightMember 2025-02-28 0001163165 cop:SurmontMember 2023-10-04 0001163165 cop:SurmontMember 2023-10-01 2023-10-31 0001163165 cop:SurmontMember 2023-10-04 2023-10-04 0001163165 cop:SurmontMember 2023-10-01 2025-03-31 0001163165 cop:AustraliaPacificAplngMember 2025-03-31 0001163165 cop:PortArthurLNGMember 2023-03-31 0001163165 cop:PortArthurLNGMember 2025-03-31 0001163165 cop:QatarEnergyLNGN3Member 2025-03-31 0001163165 cop:QatarEnergyLNGN3Member cop:QatarEnergyMember 2025-03-31 0001163165 cop:QatarEnergyLNGN3Member cop:MitsuiCoLtdMember 2025-03-31 0001163165 cop:QatarEnergyLNGNFE4Member 2025-03-31 0001163165 cop:QatarEnergyLNGNFE4Member cop:QatarEnergyMember 2025-03-31 0001163165 cop:QatarEnergyLNGNFE4Member cop:ChinaNationalPetroleumCorporationMember 2025-03-31 0001163165 cop:QatarEnergyLNGNFS3Member 2025-03-31 0001163165 cop:QatarEnergyLNGNFS3Member cop:QatarEnergyMember 2025-03-31 0001163165 cop:QatarLiquifiedGasCompanyMember 2025-03-31 0001163165 cop:A2125NoteDue2024Member us-gaap:NotesPayableToBanksMember 2025-01-01 2025-03-31 0001163165 cop:A2125NoteDue2024Member us-gaap:NotesPayableToBanksMember 2025-03-31 0001163165 cop:A82NotesDue2025Member cop:DebenturesMember 2025-01-01 2025-03-31 0001163165 cop:A82NotesDue2025Member cop:Debenture