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Arphra AIPlain-English read on ConocoPhillips’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Revenue & profit | |||||||||
| Revenue | $46.06B | $78.58B | $56.06B | $54.61B | $58.71B | $70.91B | $65.31B | $66.84B | $72.06B |
| Cost of revenue | $31.33B | $48.95B | $38.25B | $38.58B | $44.25B | $50.06B | $45.98B | $46.42B | $50.51B |
| Gross profit | $14.73B | $29.63B | $17.81B | $16.03B | $14.46B | $20.14B | $19.1B | $18.65B | $20.1B |
| Gross margin | +31.98% | +37.70% | +31.77% | +29.35% | +24.63% | +28.39% | +29.25% | +27.91% | +27.89% |
| Operating | |||||||||
| Research & development | $62M | $71M | $81M | $81M | $78M | $97.86M | $91.76M | $95.11M | $102.55M |
| Selling, general & administrative | $811M | $1.06B | $624M | $1.08B | $743M | $1.04B | $940.42M | $949.27M | $1.05B |
| Total operating expenses | $2.35B | $3.99B | $2.78B | $3.25B | $2.97B | $3.72B | $3.43B | $3.55B | $3.88B |
| Operating income | $12.37B | $25.64B | $15.03B | $12.78B | $11.5B | $16.77B | $15.01B | $15.57B | $16.56B |
| Operating margin | +26.87% | +32.63% | +26.81% | +23.41% | +19.58% | +23.65% | +22.99% | +23.29% | +22.99% |
| EBITDA | $21.09B | $37.13B | $25.78B | $24.43B | $23.18B | $30.21B | $28.09B | $28.38B | $30.72B |
| EBIT | $13.84B | $29.28B | $17.35B | $14.78B | $11.5B | $18.02B | $17.23B | $17.49B | $18.13B |
| Below the line | |||||||||
| Interest expense | $1.13B | $1.06B | $1.06B | $1.11B | $1.23B | $1.46B | $1.28B | $1.36B | $1.42B |
| Interest income | $33M | $195M | $412M | $402M | $311M | $486.79M | $423.16M | $457.34M | $471.97M |
| Other income / expense | $338M | $2.59B | $1.26B | $889M | $1.16B | — | — | — | — |
| Pre-tax income | $12.71B | $28.23B | $16.29B | $13.67B | $12.66B | $17.83B | $16.42B | $16.79B | $18.15B |
| Income tax expense | $4.63B | $9.55B | $5.33B | $4.43B | $4.67B | $6.19B | $5.63B | $5.81B | $6.1B |
| Earnings | |||||||||
| Net income | $8.08B | $18.62B | $10.92B | $9.22B | $7.99B | $11.67B | $11.11B | $10.81B | $11.94B |
| Net income · continuing ops | $8.08B | $18.68B | $10.96B | $9.25B | $7.99B | $11.98B | $11.06B | $10.9B | $12B |
| Net margin | +17.54% | +23.69% | +19.48% | +16.88% | +13.60% | +16.45% | +17.02% | +16.17% | +16.57% |
| EPS · basic | $6.10 | $14.62 | $9.08 | $7.82 | $6.36 | $10.08 | $9.14 | $9.21 | $10.91 |
| EPS · diluted | $6.08 | $14.57 | $9.06 | $7.81 | $6.35 | $10.18 | $8.99 | $9.10 | $10.93 |
| EPS · low estimate | — | — | — | — | — | $9.26 | $7.02 | $5.66 | $9.63 |
| EPS · high estimate | — | — | — | — | — | $12.79 | $10.35 | $11.46 | $11.91 |
| Shares · basic | 1.32B | 1.27B | 1.2B | 1.18B | 1.25B | 1.25B | 1.25B | 1.26B | 1.25B |
| Shares · diluted | 1.33B | 1.28B | 1.21B | 1.18B | 1.25B | 1.26B | 1.26B | 1.24B | 1.27B |
| Coverage | |||||||||
| Analysts (revenue) | — | — | — | — | — | 6 | 6 | 4 | 3 |
| Analysts (EPS) | — | — | — | — | — | 12 | 13 | 7 | 2 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
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