ConocoPhillips (COP) Revenue — Quarter Ended Mar 31, 2023
Revenue declined in the reported quarter. It was lower than both the preceding quarter and the same quarter a year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined in the reported quarter. It was lower than both the preceding quarter and the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12B
Revenue reported for this quarter.
Quarter-over-quarter
-13.6%
Change from the immediately preceding quarter.
Year-over-year
-17.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$58.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $16.7B | +115.8% |
| Sep 30, 2022 | $16B | +79.8% |
| Dec 31, 2022 | $13.8B | +28.3% |
| Mar 31, 2023 | $12B | -17.5% |
Revenue performance
The decline continues a pattern of sequential decreases observed over recent quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Relative to the same quarter one year earlier, revenue also decreased.
What to watch
The persistent downward trend in revenue over multiple quarters may warrant attention.