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ConocoPhillips COP Deferred Credits

Deferred Credits at other companies

Occidental Petroleum logo
Occidental PetroleumOXY
$16.5B+1.9%

Other financials

Income statement

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Revenue$15.8B-4.6%
Gross profit$9.5B-8.2%
Net income$2.2B-23.4%
EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.7%
Total debt$23.3B-4.5%
Total equity$64.5B-1.1%
Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%

Valuation

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Market cap$131.26B+21.2%
Enterprise value$148.31B+18.2%
P/E17.9×+6.6×
P/S2.3×+0.4×

Profitability

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp

Returns & leverage

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Return on equity11.3%-5.4pp
Debt / equity0.4×0.0×
Current ratio1.3×0.0×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:DeferredCreditsAndOtherLiabilities.

The official record: ConocoPhillips’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ConocoPhillips's deferred credits?
ConocoPhillips (COP) reported deferred credits of $1.64B in Q1 2026.
How has ConocoPhillips's deferred credits changed year-over-year?
ConocoPhillips's deferred credits decreased by 13.1% year-over-year, from $1.88B to $1.64B.
What is the long-term trend for ConocoPhillips's deferred credits?
Over 5 years (2020 to 2025), ConocoPhillips's deferred credits has grown at a -1.7% compound annual growth rate (CAGR), from $1.78B to $1.64B.
What does deferred credits mean?
Payments received in advance for goods or services not yet provided.
How do you interpret deferred credits?
An increase suggests strong future revenue recognition potential, though it represents a current obligation to perform.
How does deferred credits compare across companies?
Common in industries with long-term contracts or subscription-based revenue models.