该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
ConocoPhillips reported FY2025 revenue of $58.9B (+7.7% YoY) driven by higher volumes, but net income fell 13.6% to $8.0B amid rising costs and lower realized prices, while the company maintained strong operating cash flow of $19.8B and returned capital to shareholders through $5.0B in buybacks.
营收
589.44亿美元
同比 +7.67%
每股收益（稀释）
6.35美元
同比 -18.69%
SEC XBRL 原值
Conocophillips (COP) FY2025 营收 589.44亿美元，同比增长 7.7%。 经营活动现金流 197.96亿美元，同比下降 1.6%。
近 4 个季度：3 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 3.24 | 2.91 | 超预期 +11.3% |
| 2026年3月 | 1.89 | 1.67 | 超预期 +13.2% |
| 2025年12月本次财报 | 1.02 | 1.12 | 不及预期 -9.1% |
| 2025年9月 | 1.61 | 1.44 | 超预期 +11.4% |
2025年12月 实际 EPS 1.02美元，分析师一致预期 1.12美元，不及预期 -9.1%。
由 AI 基于本次 SEC 报告整理
COP's revenue grew 7.7% YoY to $58.9B in FY2025, suggesting higher production volumes offset some commodity price headwinds. This top-line expansion reflects the company's ongoing portfolio development and potentially the contribution of acquired assets.
来源: 10-K Income Statement
Cost of revenue rose 11.6% YoY to $22.3B, outpacing revenue growth of 7.7%, which compressed gross margins. D&A surged 19.8% YoY to $11.5B, likely reflecting expanded asset base from acquisitions, further pressuring operating income.
来源: 10-K Income Statement & Cash Flow Statement
Net income fell 13.6% YoY to $8.0B, with diluted EPS dropping 18.7% to $6.35, indicating that cost inflation and potentially lower commodity price realizations more than offset volume-driven revenue gains. The steeper EPS decline relative to net income reflects a reduced share count from buybacks.
来源: 10-K Income Statement
COP returned $5.0B to shareholders via share buybacks in FY2025, slightly below the prior year's $5.5B, while financing cash outflows totaled $10.1B. Cash and equivalents grew 15.9% to $6.5B, reflecting solid liquidity management.
来源: 10-K Cash Flow Statement
SG&A expenses declined sharply by 22.9% YoY to $893M, demonstrating meaningful cost discipline and operational efficiency improvements that partially offset the rise in production-related costs.
来源: 10-K Income Statement
由 AI 基于本次 SEC 报告整理 · 高 2 中 2 低 1
COP's profitability is highly sensitive to oil and gas price fluctuations. In FY2025, despite a 7.7% revenue increase, net income fell 13.6%, suggesting realized prices may have been under pressure. Sustained low commodity prices could further erode margins given the 11.6% rise in cost of revenue.
来源: 10-K Income Statement
D&A expense surged 19.8% YoY to $11.5B, likely reflecting a larger asset base from acquisitions or accelerated depletion of producing assets. This elevated non-cash cost burden reduces reported earnings and may signal increasing capital intensity of the portfolio going forward.
来源: 10-K Cash Flow Statement
COP carries total liabilities of $57.5B against stockholders' equity of $64.5B, resulting in a debt-to-equity ratio of 0.89. While manageable, this leverage level could become a concern if commodity prices decline significantly and operating cash flows compress.
来源: 10-K Balance Sheet
The significant increase in D&A and the scale of investing activities ($8.8B outflow) suggest ongoing large capital commitments. Integrating acquired assets while maintaining returns discipline poses execution risk, particularly in a lower-price environment.
来源: 10-K Cash Flow Statement
Basic EPS fell 18.7% to $6.36 despite $5.0B in buybacks, indicating the earnings decline was the primary driver of EPS compression. If buyback pace slows while earnings remain under pressure, EPS could face further headwinds.
来源: 10-K Income Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 589.44 亿美元 | 547.45 亿美元 | +7.67% |
营业成本 亿美元 | 223.25 亿美元 | 200.12 亿美元 | +11.56% |
净利润 亿美元 | 79.88 亿美元 | 92.45 亿美元 | -13.60% |
每股收益（基本） 美元 | 6.36 美元 | 7.82 美元 | -18.67% |
每股收益（稀释） 美元 | 6.35 美元 | 7.81 美元 | -18.69% |
研发费用 万美元 | 7800.00 万美元 | 8100.00 万美元 | -3.70% |
销售及管理费用 亿美元 | 8.93 亿美元 | 11.58 亿美元 | -22.88% |
答案基于本次 SEC 报告与本页数据