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ConocoPhillips Balance Sheet Statement

Assets, liabilities, and shareholders' equity

ConocoPhillips holds $122.73B in total assets. Shareholders' equity is $64.5B against $23.3B in total debt. Cash and equivalents total $6.2B. The current ratio is 1.29 and debt-to-equity is 0.361. Based on the Q1 2026 filing.

Total Assets$122.73BTotal Stockholders Equity$64.5BLong Term Debt$23.3BCash And Equivalents$6.2BTotal Current Assets$16.2BTotal Current Liabilities$12.6B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$146.76B
P/E Ratio20.04
ROE11.28%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$6.0B$7.3B$6.5B$6.2B$6.2B$7.0B
Accrued compensation$432.0M———$330.0M—
Accrued Environmental Liabilities$158.0M$210.0M$206.0M$210.0M$133.0M$230.0M
Accrued Manufacturing Costs$1.1B$652.0M$710.0M$1.0B$1.1B$505.0M
Compensation and benefits$1.1B$652.0M$710.0M$1.0B$1.1B$505.0M
Other accrued liabilities$1.5B$1.8B$1.6B$1.8B$1.8B$1.9B
Derivative Liabilities - Fair Value$202.0M$244.0M$156.0M$110.0M$176.0M$226.0M
Derivative Liabilities, Gross$480.0M$658.0M$558.0M$489.0M$538.0M$1.2B
Derivative Liabilities - Not Offset Policy Election Deduction$480.0M$658.0M$558.0M$489.0M$538.0M$1.2B
Finance Lease Liability Payment Due$1.1B———$904.0M—
Finance Lease Liability - Undiscounted Excess Amount$122.0M———$103.0M—
Income taxes payable$2.5B$2.9B$1.7B$1.9B$1.8B$2.1B
Lease Liability Payments - 2021$354.0M———$363.0M—
Operating Lease Liability Payments - 2024 (Lessee)$292.0M———$219.0M—
Operating Lease Liability Payments - 2025 (Lessee)$96.0M———$102.0M—
Lease Liability Payments - Due Year Two$200.0M———$164.0M—
Lease Liability Payments - Due Year Three$159.0M———$181.0M—
Lease Liability Payments - Due Year Four$177.0M———$91.0M—
Lease Liability Payments - Due Year Five$88.0M———$57.0M—
Lease Liability Payments - Remainder of Fiscal Year$382.0M———$417.0M—
Operating lease liabilities, current$1.0B———$950.0M—
Operating Lease Liability Payments Due$1.1B———$1.0B—
Operating Lease Liability - Undiscounted Excess Amount$82.0M———$95.0M—
Payables to Broker Dealers and Clearing Organizations$5.0M———$2.0M—
Total current liabilities$12.1B$13.3B$11.0B$12.0B$12.0B$12.6B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for Doubtful Accounts$7.0M$7.0M$6.0M$3.0M$4.0M$4.0M
Cash and cash equivalents$5.9B$6.6B$5.2B$5.6B$6.9B$6.2B
Cash, Cash Equivalents, and Marketable Securities$1.6B———$1.6B—
Derivative Assets - Fair Value$210.0M$249.0M$181.0M$184.0M$241.0M$298.0M
Raw materials and supplies inventory, gross$902.0M$901.0M$884.0M$869.0M$873.0M$856.0M
Inventories$1.8B$1.8B$1.9B$1.7B$1.9B$1.9B
Prepaid expenses and other current assets$1.0B$1.4B$1.0B$2.2B$865.0M$906.0M
Restricted cash$298.0M$311.0M$325.0M$339.0M$65.0M$369.0M
Total current assets$15.6B$16.9B$13.9B$15.9B$15.5B$16.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated other comprehensive income (loss)-$6.5B-$6.4B-$5.9B-$6.1B-$5.9B-$6.0B
Common Stock Shares Outstanding$113.0M———$44.0M—
Convertible Preferred Stock Authorized Shares500M———500M—
Convertible Preferred Stock Issued Shares0———0—
Convertible Preferred Stock Outstanding Shares0———0—
Additional paid-in capital$77.5B$77.6B$77.6B$77.7B$77.7B$77.8B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$23.0M$23.0M$23.0M$23.0M$23.0M$23.0M
Treasury Stock, Value$71.2B$72.7B$73.9B$75.2B$76.2B$77.2B
Number of Exercisable Options$113.0M———$44.0M—
Number of Vested and Expected to Vest Options$113.0M———$44.0M—
Preferred Stock Par Value Per Share$0.01———$0.01—
Retained earnings$64.9B$66.7B$67.7B$68.5B$68.9B$70.0B
Share-Based Payment Award Options Outstanding - Number2.1M———964.7K—
Share Repurchase Authorization Limit$65.0B—————
Total liabilities and stockholders' equity$122.8B$124.3B$122.6B$122.5B$121.9B$122.7B
Total stockholders' equity$64.8B$65.2B$65.6B$64.9B$64.5B$64.5B
Weighted Average Exercise Price of Exercisable Options$43.16———$48.17—
Weighted Average Exercise Price of Outstanding Options$43.16———$48.17—
Weighted Average Exercise Price of Vested and Expected to Vest Options$43.16———$48.17—

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asset retirement obligations$8.4B———$8.6B—
Contingent Consideration Liability (Non-Current)$145.0M———$0.0—
Debt Instrument Repurchased Face Amount$3.8B—————
Debt Maturity - 2027$997.0M———$1.6B—
Deferred Credits$2.0B$1.9B$1.9B$1.8B$1.6B$1.6B
Operating Lease Liability Payments - 2026 (Lessee)$160.0M———$143.0M—
Operating Lease Liability Payments - 2027 (Lessee)$55.0M———$55.0M—
Operating Lease Liability Payments - 2028 (Lessee)$96.0M———$102.0M—
Operating Lease Liability Payments - 2029 (Lessee)$55.0M———$55.0M—
Lease Liability Payments - Due After Year Five$84.0M———$48.0M—
Operating Lease Liability Payments - Thereafter (Lessee)$121.0M———$109.0M—
Long-term debt$24.3B$23.8B$23.5B$23.5B$23.4B$23.3B
Long-Term Debt and Finance Lease Obligations$23.3B$23.2B$23.1B$22.5B$22.4B$22.3B
Asset Retirement Obligations and Accrued Environmental Cost Non Current$8.1B$8.1B$8.2B$8.3B$8.2B$8.4B
Payables to customers and broker-dealers$5.0M———$2.0M—
Retirement and nonpension postretirement benefit obligations$1.0B$999.0M$999.0M$950.0M$969.0M$944.0M
Total liabilities$625.0M$59.0B$57.0B$57.5B$538.0M$1.3B
Unrecognized Tax Benefits$377.0M———$374.0M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$368.0M———$365.0M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$26.0M———$47.0M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$0.0———$0.0—
Deferred Tax Assets - Foreign Tax Credits$1.2B—————
Deferred Tax Assets and Other Non-Current Assets$187.0M$3.0B$3.1B$3.0B$103.0M$3.0B
Deferred Tax Assets - Investments$2.3B———$2.4B—
Available-for-sale securities$1.1B———$1.1B—
Accumulated Amortization on Finance Lease Assets$1.3B———$1.5B—
Investments - Amortized Cost Basis$1.5B$1.6B$1.6B$1.6B$1.6B$1.6B
Long-term receivables, net$113.0M———$110.0M—
Net Investment in Lease$1.0B———$950.0M—
Net Operating Loss Carryforwards$4.9B———$4.0B—
Accounts and notes receivable$6.7B$6.4B$5.7B$5.7B$5.8B$7.1B
Long-term marketable securities$1.1B———$1.1B—
Investments and long-term receivables$9.9B$10.0B$10.4B$10.1B$10.2B$10.3B
Operating lease right-of-use assets$1.0B———$950.0M—
Other non-current assets$2.9B$3.0B$3.1B$3.0B$3.0B$3.0B
Property, plant and equipment, net$94.4B$94.3B$95.2B$93.5B$93.2B$93.1B
Property, Plant and Equipment, Other, Gross$4.6B———$4.8B—
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$507.0M$926.0M$439.0M$996.0M$484.0M$486.0M
Operating lease right-of-use assets4.6%———4.6%—
Operating Lease Right-of-Use Assets in Other Assets$1.0B———$950.0M—
Other Investments$90.0M———$94.0M—
Accumulated depreciation$81.1B$82.9B$86.5B$87.5B$90.4B$93.5B
Total property and equipment, gross$175.4B———$183.6B—
Software and Technology Licenses, Net$2.9B$3.0B$3.1B$3.0B$3.0B$3.0B
Tax Credit Carryforward Valuation Allowance$6.4B———$5.9B—
Total assets$122.8B$124.3B$122.6B$122.5B$121.9B$122.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Components$13.0———$13.0—
Cumulative Cost Basis$1.5B$1.6B$1.6B$1.6B$1.6B$1.6B
Environmental Liability Discount Rate$0.1———$0.1—
Gross Assets/Liabilities$480.0M$658.0M$557.0M$488.0M$537.0M$1.2B
Accounts Receivable, after Allowance for Credit Loss$5.4B$5.2B$4.5B$4.6B$4.4B$5.8B
Accrual for Environmental Loss Contingencies$206.0M$210.0M$206.0M$210.0M$220.0M$230.0M
Allowance for doubtful accounts$7.0M$7.0M$6.0M$3.0M$4.0M$4.0M
Asset Retirement Obligation$8.2B———$8.4B—
Total$1.5B$1.6B$1.6B$1.6B$1.6B$1.6B
Available for sale investments$1.6B———$1.6B$1.6B
Business Combination, Contingent Consideration, Liability$145.0M———$0.0$78.0M
Capitalized Exploratory Well Costs that Have Been Capitalized for Period Greater than One Year$163.0M———$133.0M—
Capitalized exploratory well costs that have been capitalized for a period of one year or less$33.0M———$110.0M—
Cash and cash equivalents, carried at cost plus accrued interest$5.6B$6.3B$4.9B$5.2B$6.5B$5.9B
Collateral already posted, aggregate fair value$0.0$4.0M$0.0$0.0$0.0$0.0
Common stock, par value (in dollars per share)$0.01$0.01$0.01$0.01$0.01$0.01
Common stock, shares authorized (in shares)2.5B2.5B2.5B2.5B2.5B2.5B
Common stock, shares issued (in shares)2.3B2.3B2.3B2.3B2.3B2.3B
Short-term debt and current portion of long-term debt$1.0B$608.0M$414.0M$1.0B$1.0B$1.1B
Debt issuances$24.1B———$23.3B—
Debt Securities, Available-for-Sale, Allowance for Credit Loss$0.0———$0.0—
Deferred Tax Liabilities, Gross$15.9B———$16.4B—
Deferred income taxes$11.4B$11.5B$11.8B$12.1B$12.2B$12.4B
Deferred Tax Assets, Gross$11.1B———$10.3B—
Deferred Tax Assets, Net of Valuation Allowance$4.7B———$4.4B—
Deferred tax assets, tax credit carryforwards, foreign$3.3B———$2.9B—
Compensation and benefits$432.0M———$330.0M—
Deferred Tax Assets, Valuation Allowance$6.4B———$5.9B—
Deferred Tax Liabilities, Net$11.2B———$12.0B—
Deferred Tax Liabilities, Other$155.0M———$160.0M—
Derivative Asset, Subject to Master Netting Arrangement, after Offset$210.0M$249.0M$181.0M$184.0M$235.0M$256.0M
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset$0.0$0.0$0.0$0.0$6.0M$42.0M
Derivative Asset, Subject to Master Netting Arrangement, Liability Offset$278.0M$414.0M$401.0M$378.0M$361.0M$1.0B
Total derivatives not subject to netting arrangements$0.0$0.0$1.0M$1.0M$2.0M$5.0M
Derivative, gross, assets$488.0M$663.0M$582.0M$562.0M$602.0M$1.3B
Derivatives, gross, liabilities$480.0M$658.0M$557.0M$488.0M$537.0M$1.2B
Commodity derivatives————$538.0M$1.2B
Derivative Liability, Subject to Master Netting Arrangement, after Offset$129.0M$167.0M$123.0M$108.0M$123.0M$181.0M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$73.0M$77.0M$33.0M$2.0M$53.0M$45.0M
Derivative Liability, Subject to Master Netting Arrangement, Asset Offset$278.0M$414.0M$401.0M$378.0M$361.0M$1.0B
Total derivatives not subject to netting arrangements$0.0$0.0$1.0M$1.0M$1.0M$1.0M
Derivative, Net Liability Position, Aggregate Fair Value$70.0M$121.0M$82.0M$59.0M$73.0M$73.0M
Equity method investments (Note 11)$8.6B———$8.8B—
Estimated excess of current replacement cost over LIFO cost of inventories$113.0M———$65.0M—
Finance Lease Liability Payments Due$1.1B———$904.0M—
Finance Lease Liability Payments Due After Year Five$84.0M———$48.0M—
2027$354.0M———$363.0M—
Finance Lease Liability Payments Due Year Five$88.0M———$57.0M—
Finance Lease Liability Payments Due Year Four$177.0M———$91.0M—
Finance Lease Liability Payments Due Year Three$159.0M———$181.0M—
Finance Lease Liability Payments Due Year Two$200.0M———$164.0M—
Finance Lease Liability Undiscounted Excess Amount$122.0M———$103.0M—
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$647.0M———$500.0M—
Finance Lease, Right-of-Use Asset, Accumulated Amortization$1.3B———$1.5B—
Property, plant and equipment$2.0B———$2.0B—
Energy Related Inventory, Crude Oil, Products and Merchandise$907.0M$943.0M$1.0B$852.0M$1.0B$1.1B
Total Investments—$8.8B———$9.0B
Investments Fair Value Disclosure$1.6B$1.6B$1.6B$1.6B$1.6B$1.6B
Lessee Operating Lease Liability Payments Due$1.1B———$1.0B—
Lessee Operating Lease Liability Undiscounted Excess Amount$82.0M———$95.0M—
LIFO Inventory Amount————$609.0M$672.0M
Long-Term Debt and Lease Obligation$23.3B$23.2B$23.1B$22.5B$22.4B$22.3B
2028$704.0M———$786.0M—
2029$778.0M———$670.0M—
2029$997.0M———$1.6B—
2030$664.0M———$992.0M—
2027$735.0M———$713.0M—
Long-Lived Assets$103.0B———$102.1B—
Operating Lease Weighted Average Discount Rate Percent$0.0———$0.0—
Preferred Stock, Par or Stated Value Per Share$0.0———$0.0—
Preferred Stock, Shares Authorized$500.0M———$500.0M—
Preferred Stock, Shares Issued$0.0———$0.0—
Preferred Stock, Shares Outstanding$0.0———$0.0—
Number of exploratory wells that have been capitalized for a period greater than one year$13.0———$13.0—
Purchase Obligation$278.0M$284.0M$237.0M$243.0M$331.0M$391.0M
Restructuring Reserve$331.0M——$338.0M$378.0M$139.0M
Partner recoveries————$73.0M$53.0M
Severance accrual, current———$329.0M$300.0M$82.0M
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price$43.2———$48.2—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$2.1M———$964.7K—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number$2.1M———$964.7K—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value$113.0M———$44.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$43.2———$48.2—
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value$113.0M———$44.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$113.0M———$44.0M—
Share price (in dollars per share)$111.9—————
Short-term investments, carried at cost plus accrued interest$12.0M$414.0M$23.0M$556.0M$31.0M$27.0M
Share Repurchase Program, Authorized, Amount$65.0B—————
Treasury stock, shares (in shares)974.8M989.9M1B1B1B1B
Unrecognized tax benefits$377.0M———$374.0M—
Penalties and interest accrued on unrecognized tax benefits$26.0M———$47.0M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$368.0M———$365.0M—
Unrecorded Unconditional Purchase Obligation$24.0M———$25.0M—
Weighted-Average Discount Rate3.4%———3.5%—
Weighted-Average Discount Rate - Finance Leases$0.0———$0.0—