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CONOCOPHILLIPSeval run
10-K for period ending 2025-12-31gpt-6-luna@none · prompt v4$0.00096.3sfiling on sec.gov ↗

figures

fieldvaluestatement rowprintedSEC
Total revenue$58.9BR3 Sales and other operating revenues58,944 millions$58.9B ✓
Operating income-not printed on this statement--
Net income attributable to the company$8.0BR23 Net income (loss)7,988 millions$8.0B ✓
Diluted EPS$6.35R26 Diluted6.35$6.35 ✓
Cash and cash equivalents$6.5BR3 Cash and cash equivalents6,497 millions$6.5B ✓
Total assets$121.9BR12 Total assets121,939 millions$121.9B ✓
Total liabilities$57.5BR25 Total liabilities57,452 millions$57.5B ✓
Total shareholders' equity attributable to the company$64.5BR33 Total equity64,487 millions$64.5B ✓
Net cash from operating activities$19.8BR19 Net cash provided by operating activities19,796 millions$19.8B ✓
Net cash from investing activities-$8.8BR27 Net cash used in investing activities(8,836) millions-$8.8B ✓
Net cash from financing activities-$10.1BR35 Net cash used in financing activities(10,102) millions-$10.1B ✓

checks

  • assets = liabilities + equity · total assets equals total liabilities and equity
  • equity excludes minority interests · not applicable: no noncontrolling interest line printed
  • net income is before preferred dividends · net income is not the after-preferred-dividends line
  • diluted EPS is for total net income · diluted EPS is for total net income
  • net income excludes minority interests · not applicable: no noncontrolling interest line printed
  • cash flows tie to the change in cash · operating + investing + financing (+ FX) equals the net change in cash

management's claims

All 3 checkable claims in management's discussion match the statements. 1 more was about segments, regions or adjusted measures and wasn't checked.

  • matchesTotal revenue: "Sales and other operating revenues" changed by 4199000000
    “Sales and other operating revenues increased $4,199 million in 2025, primarily due to higher volumes of $6,197 million, inclusive of sales volumes from our acquisition of Marathon Oil and higher realized gas prices of $824 million and the timing of sales as compared to 2024.”
  • matchesCash and cash equivalents: "Cash and cash equivalents" changed by 890000000
    “In 2025, cash and cash equivalents increased by $0.9 billion to $6.5 billion.”
  • matchesCash and cash equivalents: "Cash and cash equivalents" is 6497000000 (prior year 5607000000)
    “In 2025, cash and cash equivalents increased by $0.9 billion to $6.5 billion.”

trace

  1. 0locator (code)0.26s
    {
  "tables": 478,
  "exhibits": [],
  "documents": 1
}
    {
  "income": {
    "rows": 30,
    "scale": 1000000,
    "score": 51.25,
    "heading": "Consolidated Income Statement ConocoPhillips",
    "tableIndex": 188,
    "runnerUpScore": 28.5
  },
  "balance": {
    "rows": 35,
    "scale": 1000000,
    "score": 52.5,
    "heading": "Consolidated Balance Sheet ConocoPhillips",
    "tableIndex": 196,
    "runnerUpScore": 24
  },
  "cashflow": {
    "rows": 40,
    "scale": 1000000,
    "score": 53.5,
    "heading": "Consolidated Statement of Cash Flows ConocoPhillips",
    "tableIndex": 200,
    "runnerUpScore": 10
  }
}
  2. 1cash flow agent1.58s · 1499 tokens · $0.0002
    {
  "rows": 40,
  "retryHint": null,
  "tableIndex": 200
}
    {
  "figures": [
    {
      "note": "This is the operating-activities section total, after working capital adjustments.",
      "field": "operatingCashFlow",
      "scale": 1000000,
      "value": 19796000000,
      "printed": "19,796",
      "rowIndex": 19,
      "rowLabel": "Net cash provided by operating activities",
      "priorValue": 20124000000,
      "agentPrinted": "19,796",
      "failedChecks": [],
      "priorPrinted": "20,124",
      "groundingMismatch": false
    },
    {
      "note": "This is the investing-activities section total.",
      "field": "investingCashFlow",
      "scale": 1000000,
      "value": -8836000000,
      "printed": "(8,836)",
      "rowIndex": 27,
      "rowLabel": "Net cash used in investing activities",
      "priorValue": -11150000000,
      "agentPrinted": "(8,836)",
      "failedChecks": [],
      "priorPrinted": "(11,150)",
      "groundingMismatch": false
    },
    {
      "note": "This is the financing-activities section total.",
      "field": "financingCashFlow",
      "scale": 1000000,
      "value": -10102000000,
      "printed": "(10,102)",
      "rowIndex": 35,
      "rowLabel": "Net cash used in financing activities",
      "priorValue": -8835000000,
      "agentPrinted": "(10,102)",
      "failedChecks": [],
      "priorPrinted": "(8,835)",
      "groundingMismatch": false
    }
  ],
  "statement": "cashflow",
  "tableIndex": 200,
  "priorColumn": 1,
  "currentColumn": 0
}
  3. 2balance sheet agent1.75s · 1401 tokens · $0.0002
    {
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  "tableIndex": 196
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    {
  "figures": [
    {
      "note": "This is the balance sheet’s cash and cash equivalents line.",
      "field": "cash",
      "scale": 1000000,
      "value": 6497000000,
      "printed": "6,497",
      "rowIndex": 3,
      "rowLabel": "Cash and cash equivalents",
      "priorValue": 5607000000,
      "agentPrinted": "6,497",
      "failedChecks": [],
      "priorPrinted": "5,607",
      "groundingMismatch": false
    },
    {
      "note": "This row explicitly reports total assets.",
      "field": "totalAssets",
      "scale": 1000000,
      "value": 121939000000,
      "printed": "121,939",
      "rowIndex": 12,
      "rowLabel": "Total assets",
      "priorValue": 122780000000,
      "agentPrinted": "121,939",
      "failedChecks": [],
      "priorPrinted": "122,780",
      "groundingMismatch": false
    },
    {
      "note": "This row explicitly reports total liabilities, rather than liabilities and equity.",
      "field": "totalLiabilities",
      "scale": 1000000,
      "value": 57452000000,
      "printed": "57,452",
      "rowIndex": 25,
      "rowLabel": "Total liabilities",
      "priorValue": 57984000000,
      "agentPrinted": "57,452",
      "failedChecks": [],
      "priorPrinted": "57,984",
      "groundingMismatch": false
    },
    {
      "note": "This is the statement’s sole total equity line.",
      "field": "totalEquity",
      "scale": 1000000,
      "value": 64487000000,
      "printed": "64,487",
      "rowIndex": 33,
      "rowLabel": "Total equity",
      "priorValue": 64796000000,
      "agentPrinted": "64,487",
      "failedChecks": [],
      "priorPrinted": "64,796",
      "groundingMismatch": false
    }
  ],
  "statement": "balance",
  "tableIndex": 196,
  "priorColumn": 1,
  "currentColumn": 0
}
  4. 3income statement agent2.29s · 1571 tokens · $0.0002
    {
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  "tableIndex": 188
}
    {
  "figures": [
    {
      "note": "Sales and other operating revenues is the company-wide revenue line excluding the separately listed other income and affiliate earnings.",
      "field": "revenue",
      "scale": 1000000,
      "value": 58944000000,
      "printed": "58,944",
      "rowIndex": 3,
      "rowLabel": "Sales and other operating revenues",
      "priorValue": 54745000000,
      "agentPrinted": "58,944",
      "failedChecks": [],
      "priorPrinted": "54,745",
      "groundingMismatch": false
    },
    {
      "note": "The statement prints no operating income or equivalent line.",
      "field": "operatingIncome",
      "scale": 1000000,
      "value": null,
      "printed": null,
      "rowIndex": null,
      "rowLabel": null,
      "priorValue": null,
      "agentPrinted": null,
      "failedChecks": [],
      "priorPrinted": null,
      "groundingMismatch": false
    },
    {
      "note": "This is the only net income line printed, so use it.",
      "field": "netIncome",
      "scale": 1000000,
      "value": 7988000000,
      "printed": "7,988",
      "rowIndex": 23,
      "rowLabel": "Net income (loss)",
      "priorValue": 9245000000,
      "agentPrinted": "7,988",
      "failedChecks": [],
      "priorPrinted": "9,245",
      "groundingMismatch": false
    },
    {
      "note": "This is the diluted earnings per share figure.",
      "field": "epsDiluted",
      "scale": 1,
      "value": 6.35,
      "printed": "6.35",
      "rowIndex": 26,
      "rowLabel": "Diluted",
      "priorValue": 7.81,
      "agentPrinted": "6.35",
      "failedChecks": [],
      "priorPrinted": "7.81",
      "groundingMismatch": false
    }
  ],
  "statement": "income",
  "tableIndex": 188,
  "priorColumn": 1,
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}
  5. 4reconciler (code)0.00s
    null
    [
  {
    "name": "balance_identity",
    "detail": "total assets equals total liabilities and equity",
    "fields": [
      "totalAssets"
    ],
    "passed": true,
    "skipped": false,
    "statement": "balance"
  },
  {
    "name": "totalEquity_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "totalEquity"
    ],
    "passed": true,
    "skipped": true,
    "statement": "balance"
  },
  {
    "name": "netIncome_before_preferred",
    "detail": "net income is not the after-preferred-dividends line",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "epsDiluted_total",
    "detail": "diluted EPS is for total net income",
    "fields": [
      "epsDiluted"
    ],
    "passed": true,
    "skipped": false,
    "statement": "income"
  },
  {
    "name": "netIncome_attribution",
    "detail": "no noncontrolling interest line printed",
    "fields": [
      "netIncome"
    ],
    "passed": true,
    "skipped": true,
    "statement": "income"
  },
  {
    "name": "cash_flow_tie",
    "detail": "operating + investing + financing (+ FX) equals the net change in cash",
    "fields": [
      "operatingCashFlow",
      "investingCashFlow",
      "financingCashFlow"
    ],
    "passed": true,
    "skipped": false,
    "statement": "cashflow"
  }
]
  6. 5MD&A claims agent3.41s · 2214 tokens · $0.0003
    null
    [
  {
    "kind": "amount_change",
    "field": "operatingCashFlow",
    "quote": "Cash provided by operating activities in 2025 totaled $19.8 billion, compared with $20.1 billion for 2024, and $20.0 billion for 2023.",
    "scope": "consolidated",
    "actual": null,
    "reason": "Net cash from operating activities: the claimed number isn't in the quoted sentence",
    "claimed": null,
    "verdict": "not_checked",
    "asWritten": "$0.3 billion",
    "tolerance": null,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "revenue",
    "quote": "Sales and other operating revenues increased $4,199 million in 2025, primarily due to higher volumes of $6,197 million, inclusive of sales volumes from our acquisition of Marathon Oil and higher realized gas prices of $824 million and the timing of sales as compared to 2024.",
    "scope": "consolidated",
    "actual": 4199000000,
    "reason": "Total revenue: \"Sales and other operating revenues\" changed by 4199000000",
    "claimed": 4199000000,
    "verdict": "consistent",
    "asWritten": "$4,199 million",
    "tolerance": 500000,
    "quoteVerified": true
  },
  {
    "kind": "amount_change",
    "field": "cash",
    "quote": "In 2025, cash and cash equivalents increased by $0.9 billion to $6.5 billion.",
    "scope": "consolidated",
    "actual": 890000000,
    "reason": "Cash and cash equivalents: \"Cash and cash equivalents\" changed by 890000000",
    "claimed": 900000000,
    "verdict": "consistent",
    "asWritten": "$0.9 billion",
    "tolerance": 50000000,
    "quoteVerified": true
  },
  {
    "kind": "current_value",
    "field": "cash",
    "quote": "In 2025, cash and cash equivalents increased by $0.9 billion to $6.5 billion.",
    "scope": "consolidated",
    "actual": 6497000000,
    "reason": "Cash and cash equivalents: \"Cash and cash equivalents\" is 6497000000 (prior year 5607000000)",
    "claimed": 6500000000,
    "verdict": "consistent",
    "asWritten": "$6.5 billion",
    "tolerance": 50000000,
    "quoteVerified": true
  }
]

Income statement

table #188 · current period is figure column 1
0Years Ended December 31Millions of Dollars
1202520242023
2Revenues and other income
3Sales and other operating revenues← Total revenue58,94454,74556,141
4Equity in earnings of affiliates1,3351,7051,720
5Gain (loss) on dispositions73151228
6Other income538452485
7Total revenues and other income61,54856,95358,574
8Costs and expenses
9Purchased commodities22,32520,01221,975
10Production and operating expenses10,3318,7517,693
11Selling, general and administrative expenses8931,158705
12Exploration expenses407355398
13Depreciation, depletion and amortization11,5009,5998,270
14Impairments268014
15Taxes other than income taxes2,1462,0872,074
16Accretion on discounted liabilities378325283
17Interest and debt expense855783780
18Foreign currency transaction (gain) loss11(50)92
19Other expenses201812
20Total costs and expenses48,89243,28142,286
21Income (loss) before income taxes12,65613,67216,288
22Income tax provision (benefit)4,6684,4275,331
23Net income (loss)← Net income attributable to the company7,9889,24510,957
24Net income (loss) per share of common stock (dollars)
25Basic6.367.829.08
26Diluted← Diluted EPS6.357.819.06
27Weighted-average common shares outstanding (in thousands)
28Basic1,252,0421,178,9201,202,757
29Diluted1,253,4461,180,8711,205,675

Balance sheet

table #196 · current period is figure column 1
0At December 31Millions of Dollars
120252024
2Assets
3Cash and cash equivalents← Cash and cash equivalents6,4975,607
4Short-term investments484507
5Accounts and notes receivable (net of allowance of $4 and $7, respectively)5,8136,695
6Inventories1,8731,809
7Prepaid expenses and other current assets8651,029
8Total current assets15,53215,647
9Investments and long-term receivables10,1859,869
10Net properties, plants and equipment (net of accumulated DD&A of $90,396 and $81,072, respectively)93,23994,356
11Other assets2,9832,908
12Total assets← Total assets121,939122,780
13Liabilities
14Accounts payable6,2186,044
15Short-term debt1,0201,035
16Accrued income and other taxes1,8352,460
17Employee benefit obligations1,1361,087
18Other accruals1,7631,498
19Total current liabilities11,97212,124
20Long-term debt22,42423,289
21Asset retirement obligations and accrued environmental costs8,2148,089
22Deferred income taxes12,23711,426
23Employee benefit obligations9691,022
24Other liabilities and deferred credits1,6362,034
25Total liabilities← Total liabilities57,45257,984
26Equity
27Common stock (2,500,000,000 shares authorized at $0.01 par value) Issued (2025-2,253,518,282 shares; 2024-2,250,672,734 shares)
28Par value2323
29Capital in excess of par77,72877,529
30Treasury stock (at cost: 2025-1,028,350,186 shares; 2024-974,806,010 shares)(76,217)(71,152)
31Accumulated other comprehensive income (loss)(5,911)(6,473)
32Retained earnings68,86464,869
33Total equity← Total shareholders' equity attributable to the company64,48764,796
34Total liabilities and equity121,939122,780

Cash flow statement

table #200 · current period is figure column 1
0Years Ended December 31Millions of Dollars
1202520242023
2Cash flows from operating activities
3Net income (loss)7,9889,24510,957
4Adjustments to reconcile net income (loss) to net cash provided by operating activities
5Depreciation, depletion and amortization11,5009,5998,270
6Impairments268014
7Dry hole costs and leasehold impairments18146162
8Accretion on discounted liabilities378325283
9Deferred taxes5493671,145
10Distributions more (less) than income from equity affiliates200564964
11(Gain) loss on dispositions(731)(51)(228)
12Other(219)130(220)
13Working capital adjustments
14Decrease (increase) in accounts and notes receivable803(262)1,333
15Decrease (increase) in inventories(116)(68)(103)
16Decrease (increase) in prepaid expenses and other current assets(24)79337
17Increase (decrease) in accounts payable(212)(543)(1,118)
18Increase (decrease) in taxes and other accruals(527)613(1,831)
19Net cash provided by operating activities← Net cash from operating activities19,79620,12419,965
20Cash flows from investing activities
21Capital expenditures and investments(12,553)(12,118)(11,248)
22Working capital changes associated with investing activities54630230
23Acquisition of businesses, net of cash acquired-(24)(2,724)
24Proceeds from asset dispositions3,248261632
25Net sales (purchases) of investments(55)4151,373
26Other(22)14(63)
27Net cash used in investing activities← Net cash from investing activities(8,836)(11,150)(12,000)
28Cash flows from financing activities
29Issuance of debt-5,5913,787
30Repayment of debt(913)(4,981)(1,379)
31Issuance of company common stock(100)(78)(52)
32Repurchase of company common stock(5,018)(5,463)(5,400)
33Dividends paid(3,995)(3,646)(5,583)
34Other(76)(258)(34)
35Net cash used in financing activities← Net cash from financing activities(10,102)(8,835)(8,661)
36Effect of exchange rate changes on cash, cash equivalents and restricted cash153(133)(99)
37Net change in cash, cash equivalents and restricted cash1,0116(795)
38Cash, cash equivalents and restricted cash at beginning of period5,9055,8996,694
39Cash, cash equivalents and restricted cash at end of period6,9165,9055,899