ConocoPhillips (COP) Revenue — Quarter Ended Mar 31, 2024
Revenue for the period declined compared to the immediately preceding three-month period. However, it increased relative to the same period one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the period declined compared to the immediately preceding three-month period. However, it increased relative to the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.3B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+2.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$48.9B
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, 2023 | $11B | -34.2% |
| Sep 30, 2023 | $12.6B | -21.1% |
| Dec 31, 2023 | $12.9B | -6.5% |
| Mar 31, 2024 | $12.3B | +2.9% |
Revenue performance
The reported revenue contracted from the prior three-month period, indicating a sequential downturn.
Quarterly comparison
On a year-over-year basis, revenue expanded, reflecting growth against the comparable period a year ago.
What to watch
The revenue trajectory has been uneven across recent periods, with the latest figure reversing the prior period's level.