ConocoPhillips (COP) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.7B
Revenue reported for this quarter.
Quarter-over-quarter
-7.6%
Change from the immediately preceding quarter.
Year-over-year
-7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$49.6B
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 |
|---|---|---|
| Dec 31, 2023 | $12.9B | -6.5% |
| Mar 31, 2024 | $12.3B | +2.9% |
| Jun 30, 2024 | $12.7B | +14.9% |
| Sep 30, 2024 | $11.7B | -7.1% |
Revenue performance
The company reported lower revenue for the quarter, marking a decrease from the prior quarter.
Quarterly comparison
Revenue was lower than both the immediately preceding quarter and the same quarter one year ago. The sequential and year-over-year declines were both present in the latest results.
What to watch
The recent year-over-year decline follows periods of growth, making the trend worth monitoring in upcoming quarters.