ConocoPhillips (COP) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential growth followed a decline in the preceding period, while the year-over-year rise was significantly larger.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to both the prior quarter and the same quarter last year. The sequential growth followed a decline in the preceding period, while the year-over-year rise was significantly larger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.7B
Revenue reported for this quarter.
Quarter-over-quarter
+2.9%
Change from the immediately preceding quarter.
Year-over-year
+14.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$50.5B
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 |
|---|---|---|
| Sep 30, 2023 | $12.6B | -21.1% |
| Dec 31, 2023 | $12.9B | -6.5% |
| Mar 31, 2024 | $12.3B | +2.9% |
| Jun 30, 2024 | $12.7B | +14.9% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, reversing the downward direction seen in that earlier period.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially higher. The sequential improvement was more modest than the year-over-year gain.
What to watch
The prior quarter had shown a decline, so the sustainability of this sequential recovery is a key aspect to monitor.