CONOCOPHILLIPS Announces Fourth Quarter FY2022 Earnings Results for December 31, 2022
March 18, 2023
Earnings Overview
On February 2, 2023, CONOCOPHILLIPS ($BER:YCP) reported their earnings results for the fourth quarter of FY2022, ending December 31, 2022. Total revenue rose by 23.6% compared to the previous year, amounting to USD 3.2 billion, and reported net income increased by 22.8%, reaching USD 18.6 billion.
Price History
The stock opened at €107.0 and closed at €107.0, which was a 4.3% decrease from the prior closing price of €111.8. This decrease came as a surprise to many analysts who had projected higher growth for the energy giant. These moves are expected to drive future growth and make CONOCOPHILLIPS a major player in the energy sector. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conocophillips. More…
| Total Revenues | Net Income | Net Margin |
| 78.49k | 18.62k | 22.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conocophillips. More…
| Operations | Investing | Financing |
| 28.31k | -8.74k | -18.05k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conocophillips. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 93.83k | 45.83k | 39.39 |
Key Ratios Snapshot
Some of the financial key ratios for Conocophillips are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 34.1% | 53.3% | 37.3% |
| FCF Margin | ROE | ROA |
| 23.1% | 37.7% | 19.5% |
Analysis
At GoodWhale, we have completed an extensive financial analysis of CONOCOPHILLIPS. According to our Risk Rating, CONOCOPHILLIPS is a medium risk investment, with some financial and business risks associated with it. In particular, we have detected two risk warnings on the income sheet and balance sheet. To further investigate these warnings, you need to become a registered user. Once you register, you can access our financial analysis tools and resources to gain a better understanding of the investment risk involved. More…
Summary
CONOCOPHILLIPS released strong fourth quarter results on February 2, 2023, reporting total revenue of USD 3.2 billion and net income of USD 18.6 billion, up 23.6% and 22.8%, respectively, from the previous year. Despite the positive financial performance, investors reacted negatively to the news as the stock price dropped the same day. Overall, CONOCOPHILLIPS has proven to be a sound investment choice in recent years as it continues to achieve healthy profits and increase its bottom line. Going forward, investors should look for further improvement in the company’s financials as it capitalizes on the growing demand for its products.
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