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This chart shows ConocoPhillips’ Revenue Breakdown Worldwide, across Crude Oil, Natural Gas Liquids, Natural Gas and other segments, from 2018 to 2020.
ConocoPhillips generates revenue from the following products:
|Product||Q4 2019||Q4 2020||YoY Growth||Revenue Share Q4 2020|
|Natural Gas Liquids||$0.21||$0.16||-23.81%||1.55%|
|Oil and Gas combined||$6.47||$4.83||-25.35%||46.80%|
(all figures in billions, except percentages)
ConocoPhillips’ total revenue declined from $14.19 billion in Q4 2019 to $10.32 billion in Q4 2020, marking a decline of 27.27% on a year-on-year basis. During this period, there was lower demand for products like crude oil and natural gas because of the COVID-19 pandemic. The decline in the company’s revenue during this period was also because of lower realized commodity prices.
ConocoPhillips generates revenue from different segments like Alaska, Canada, Europe, and North Africa, Asia Pacific and Middle- East, Lower 48, and International.
ConocoPhillips’ revenue from Crude Oil declined from $4.48 billion in Q4 2019 to $2.76 billion in Q4 2020, marking a decline of 38.39% on a year-on-year basis. During this period, Crude Oil contributed 26.74% to the company’s total revenue. ConocoPhillips’ Crude Oil operations are located in different countries like China, Indonesia, Norway, Alaska, and Canada. ConocoPhillips Alaska is the largest producer of crude oil in Alaska. In Alaska, the company has operations in the Cook Inlet Area, Kruparuk Oil Field, and the Prudhoe Bay Oil Field. In China, ConocoPhillips operates the Xijiang and the Penglai Oilfield.
Natural Gas Liquids
ConocoPhillips’ revenue from Natural Gas Liquids declined from $0.21 billion in Q4 2019 to $0.16 billion in Q4 2020, a decline of 23.81% on a year-on-year basis. In Q4 2020, Natural Gas Liquids contributed 1.55% to ConocoPhillips’ total revenue. Natural Gas is obtained from reservoirs deep beneath the earth’s surface. Natural Gas Liquids are blended in vehicle fuel and are also used in the petrochemical industry. ConocoPhillips produces Natural Gas liquids from its Qatargas 3 facility located in Ras Laffan Industrial City, Qatar.
Oil and Gas Combined
ConocoPhillips’ revenue from Oil and Gas Combined declined from $6.47 billion in Q4 2019 to $4.83 billion in Q4 2020, marking a decline of 25.35% on a year-on-year basis. In Q4 2020, Oil and Gas Combined contributed 46.80% to ConocoPhillips’ total revenue.
ConocoPhillips’ revenue from Natural Gas rose from $2 billion in Q4 2019 to $2.07 billion in Q4 2020, a growth of 3.50% on a year-on-year basis. During this period, Natural Gas contributed 20.06% to the company’s total revenue. ConocoPhillips manages more than 390 active pipeline agreements and provides natural gas to more than 900 customers in different regions of the United States.
ConocoPhillips’ revenue from Other products declined from $1.03 billion in Q4 2019 to $0.5 billion in Q4 2020, a decline of 51.45% on a year-on-year basis. During this period, Other products contributed 4.84% to the company’s total revenue.
ConocoPhillips is an American company offering products like Crude Oil, Natural Gas, Natural Gas Liquids, and Bitumen. The company was founded by Frank Phillips in 1875. ConocoPhillips’ main office is located in Houston Energy Corridor, Houston, Texas, United States. Ryan Lance is the current CEO and Chairman of the company. ConocoPhillips employs more than 10,300 people in different parts of the world. ConocoPhillips’ manufacturing facilities are located in United States, Canada, Malaysia, Australia, Libya, China, and Qatar.
ConocoPhillips’ competitors include Continental Resources, Exxon Mobil, Devon Energy, Woodside Petroleum, EOG Resources, Chiyoda, Shell, and Occidental Petroleum. ConocoPhillips is listed on the NYSE and is traded under the stock code “COP”.
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