The historical rank and industry rank for ConocoPhillips's Gross Margin % or its related term are showing as below:
COP'
s Gross Margin % Range Over the Past 10 Years
Min: -4.25 Med: 26.86 Max: 38.24
Current: 31.83
During the past 13 years, the highestGross Margin % of ConocoPhillips was 38.24%. The lowest was -4.25%. And the median was 26.86%.
COP's Gross Margin % is ranked better than 55.64% of 904
companies
in the Oil & Gas industry
Industry Median: 27.72
vs COP: 31.83
ConocoPhillips had a gross margin of 31.31% for the quarter that ended in Jun. 2024 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for ConocoPhillips was 9.60% per year.
ConocoPhillips Gross Margin % Historical Data
The historical data trend for ConocoPhillips's Gross Margin % 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.
Competitive Comparison of ConocoPhillips's Gross Margin %
For the Oil & Gas E&P subindustry, ConocoPhillips's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
ConocoPhillips's Gross Margin % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, ConocoPhillips's Gross Margin % distribution charts can be found below:
* The bar in red indicates where ConocoPhillips's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
ConocoPhillips had a gross margin of 31.31% for the quarter that ended in Jun. 2024 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
ConocoPhillips Gross Margin % Related Terms
Thank you for viewing the detailed overview of ConocoPhillips's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
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