ConocoPhillips (COP) Revenue — Quarter Ended Dec 31, 2023
Revenue improved sequentially from the prior quarter, but declined compared to the same period a year earlier. The trailing twelve-month revenue reflects the overall annual performance.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue improved sequentially from the prior quarter, but declined compared to the same period a year earlier. The trailing twelve-month revenue reflects the overall annual performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.9B
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
-6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$48.5B
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 |
|---|---|---|
| Mar 31, 2023 | $12B | -17.5% |
| Jun 30, 2023 | $11B | -34.2% |
| Sep 30, 2023 | $12.6B | -21.1% |
| Dec 31, 2023 | $12.9B | -6.5% |
Revenue performance
The quarter’s revenue increased relative to the immediately preceding quarter.
Quarterly comparison
Compared to the same quarter one year ago, revenue decreased. This continues the pattern of year-over-year declines observed throughout the fiscal year.
What to watch
The sequential improvement warrants attention given the ongoing year-over-year decline.