ConocoPhillips (COP) Revenue — Quarter Ended Dec 31, 2024
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter last year. The sequential improvement reversed a prior quarter decline, while the year-over-year decrease continued a trend of lower revenue.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue for the quarter increased compared to the immediately preceding quarter but declined relative to the same quarter last year. The sequential improvement reversed a prior quarter decline, while the year-over-year decrease continued a trend of lower revenue.
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
+8.9%
Change from the immediately preceding quarter.
Year-over-year
-1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$49.4B
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, 2024 | $12.3B | +2.9% |
| Jun 30, 2024 | $12.7B | +14.9% |
| Sep 30, 2024 | $11.7B | -7.1% |
| Dec 31, 2024 | $12.7B | -1.5% |
Revenue performance
The reported revenue rose from the previous quarter, marking a recovery after a drop in the prior period. However, compared to the same quarter a year earlier, revenue was lower.
Quarterly comparison
When measured against the preceding quarter, revenue showed growth. In contrast, the comparison with the same quarter one year earlier revealed a contraction.
What to watch
The year-over-year decline warrants attention as it indicates a persistent downward trend despite the sequential rebound.