COP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
COP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ConocoPhillips has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for ConocoPhillips's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of ConocoPhillips was 9. The lowest was 2. And the median was 5.
The historical data trend for ConocoPhillips's Piotroski F-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ConocoPhillips Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial | 7.00 | 3.00 | 6.00 | 9.00 | 4.00 |
ConocoPhillips Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Piotroski F-Score | Get a 7-Day Free Trial | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 |
For the Oil & Gas E&P subindustry, ConocoPhillips's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Oil & Gas industry and Energy sector, ConocoPhillips's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where ConocoPhillips's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
This Year (Jun24) TTM: | Last Year (Jun23) TTM: |
Net Income was 2798 + 3007 + 2551 + 2329 = $10,685 Mil. Cash Flow from Operations was 5445 + 5263 + 4985 + 4919 = $20,612 Mil. Revenue was 14250 + 14729 + 13848 + 13620 = $56,447 Mil. Gross Profit was 4617 + 4795 + 4288 + 4264 = $17,964 Mil. Average Total Assets from the begining of this year (Jun23) to the end of this year (Jun24) was (89605 + 93651 + 95924 + 95348 + 95994) / 5 = $94104.4 Mil. Total Assets at the begining of this year (Jun23) was $89,605 Mil. Long-Term Debt & Capital Lease Obligation was $17,040 Mil. Total Current Assets was $13,734 Mil. Total Current Liabilities was $10,324 Mil. |
Net Income was 4527 + 3249 + 2920 + 2232 = $12,928 Mil. Revenue was 21013 + 18558 + 14811 + 12351 = $66,733 Mil. Gross Profit was 8091 + 5939 + 4952 + 3839 = $22,821 Mil. Average Total Assets from the begining of last year (Jun22) to the end of last year (Jun23) was (93693 + 94837 + 93829 + 91441 + 89605) / 5 = $92681 Mil. Total Assets at the begining of last year (Jun22) was $93,693 Mil. Long-Term Debt & Capital Lease Obligation was $15,565 Mil. Total Current Assets was $13,501 Mil. Total Current Liabilities was $9,548 Mil. |
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
ConocoPhillips's current Net Income (TTM) was 10,685.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
ConocoPhillips's current Cash Flow from Operations (TTM) was 20,612.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Score 1 if it's higher, 0 if it's lower.
ROA (This Year) | = | Net Income | / | Total Assets (Jun23) |
= | 10685 | / | 89605 | |
= | 0.11924558 |
ROA (Last Year) | = | Net Income | / | Total Assets (Jun22) |
= | 12928 | / | 93693 | |
= | 0.13798256 |
ConocoPhillips's return on assets of this year was 0.11924558. ConocoPhillips's return on assets of last year was 0.13798256.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
ConocoPhillips's current Net Income (TTM) was 10,685. ConocoPhillips's current Cash Flow from Operations (TTM) was 20,612.
==> 20,612 > 10,685 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Gearing (This Year: Jun24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun23 to Jun24 |
= | 17040 | / | 94104.4 | |
= | 0.18107549 |
Gearing (Last Year: Jun23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Jun22 to Jun23 |
= | 15565 | / | 92681 | |
= | 0.16794165 |
ConocoPhillips's gearing of this year was 0.18107549. ConocoPhillips's gearing of last year was 0.16794165.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Current Ratio (This Year: Jun24) | = | Total Current Assets | / | Total Current Liabilities |
= | 13734 | / | 10324 | |
= | 1.33029833 |
Current Ratio (Last Year: Jun23) | = | Total Current Assets | / | Total Current Liabilities |
= | 13501 | / | 9548 | |
= | 1.41401341 |
ConocoPhillips's current ratio of this year was 1.33029833. ConocoPhillips's current ratio of last year was 1.41401341.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
ConocoPhillips's number of shares in issue this year was 1170.299. ConocoPhillips's number of shares in issue last year was 1210.342.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Gross Margin (This Year: TTM) | = | Gross Profit | / | Revenue |
= | 17964 | / | 56447 | |
= | 0.31824543 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 22821 | / | 66733 | |
= | 0.34197474 |
ConocoPhillips's gross margin of this year was 0.31824543. ConocoPhillips's gross margin of last year was 0.34197474.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Asset Turnover (This Year) | = | Revenue | / | Total Assets at the Beginning of This Year (Jun23) |
= | 56447 | / | 89605 | |
= | 0.62995369 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Jun22) |
= | 66733 | / | 93693 | |
= | 0.71225172 |
ConocoPhillips's asset turnover of this year was 0.62995369. ConocoPhillips's asset turnover of last year was 0.71225172.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score | = | Que. 1 | + | Que. 2 | + | Que. 3 | + | Que. 4 | + | Que. 5 | + | Que. 6 | + | Que. 7 | + | Que. 8 | + | Que. 9 |
= | 1 | + | 1 | + | 0 | + | 1 | + | 0 | + | 0 | + | 1 | + | 0 | + | 0 | |
= | 4 |
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
ConocoPhillips has an F-score of 4 indicating the company's financial situation is typical for a stable company.
ConocoPhillips (NYSE:COP) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Thank you for viewing the detailed overview of ConocoPhillips's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Timothy A Leach | director, officer: Executive Vice President | 7220 MEADOW ROAD, DALLAS TX 75230 |
Nicholas G Olds | officer: Senior Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Ryan Michael Lance | officer: Senior Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Bullock William L. Jr. | officer: President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Christopher P. Delk | officer: Vice President, Controller | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Dominic E. Macklon | officer: President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Heather G Sirdashney | officer: Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Andrew D Lundquist | officer: SVP | 5205 N O'CONNOR BLVD, SUITE 200, IRVING TX 75039 |
Sharmila Mulligan | director | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Kirk L. Johnson | officer: Senior Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
C William Giraud | officer: Senior Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Caroline Maury Devine | director | ATLANTIC COAST AIRLINES INC, 45200 BUSINESS COURT, DULLES VA 20166 |
R A Walker | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Kelly Brunetti Rose | officer: SVP & General Counsel | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Andrew M. O'brien | officer: Senior Vice President | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
From GuruFocus
By Business Wire • 09-03-2024
By GuruFocus Research • 05-03-2024
By GuruFocus Research • 02-08-2024
By Fun Trading • 06-12-2024
By GuruFocus Research • 05-02-2024
By Business Wire • 09-19-2024
By GuruFocus Research • 02-16-2024
By GuruFocus Research • 01-22-2024
By GuruFocus Research • 08-02-2024
By GuruFocus Research • 07-31-2024
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.