v3.19.3.a.u2
Consolidated Income Statement - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues and Other Income      
Revenue from contracts with customers [1] $ 32,567,000,000 $ 36,417,000,000 $ 29,106,000,000
Equity in earnings of affiliates 779,000,000 1,074,000,000 772,000,000
Gain on dispositions 1,966,000,000 1,063,000,000 2,177,000,000
Other Income 1,358,000,000 173,000,000 529,000,000
Total Revenues and Other Income 36,670,000,000 38,727,000,000 32,584,000,000
Cost and expenses [Abstract]      
Purchased commodities 11,842,000,000 14,294,000,000 12,475,000,000
Production and operating expenses 5,322,000,000 5,213,000,000 5,162,000,000
Selling, general and administrative expenses 556,000,000 401,000,000 [2] 427,000,000 [2]
Exploration expenses 743,000,000 369,000,000 [2] 934,000,000 [2]
Depreciation, depletion and amortization 6,090,000,000 5,956,000,000 6,845,000,000
Impairments 405,000,000 27,000,000 6,601,000,000
Taxes other than income taxes 953,000,000 1,048,000,000 809,000,000
Accretion on discounted liabilities 326,000,000 353,000,000 362,000,000
Interest and debt expense 778,000,000 735,000,000 1,098,000,000
Foreign currency transaction (gains) losses 66,000,000 (17,000,000) 35,000,000
Other Expense 65,000,000 375,000,000 [2] 451,000,000 [2]
Total Costs and Expenses 27,146,000,000 28,754,000,000 35,199,000,000
Income (loss) before income taxes 9,524,000,000 9,973,000,000 (2,615,000,000)
Income Tax Expense (Benefit) 2,267,000,000 3,668,000,000 (1,822,000,000)
Net income (loss) 7,257,000,000 6,305,000,000 (793,000,000)
Less: net income attributable to noncontrolling interests (68,000,000) (48,000,000) (62,000,000)
Net income (loss) attributable to ConocoPhillips $ 7,189,000,000 $ 6,257,000,000 $ (855,000,000)
Net Income (Loss) Attributable to ConocoPhillips Per Share of Common Stock (dollars)      
Earnings Per Share, Basic $ 6.43 $ 5.36 $ (0.70)
Earnings per Share, Diluted $ 6.40 $ 5.32 $ (0.70)
Average Common Shares Outstanding (in thousands)      
Basic 1,117,260 1,166,499 1,221,038
Diluted 1,123,536 1,175,538 1,221,038
[1] <div>(1)Sales and other operating revenues are attributable to countries based on the location of the selling operation.</div>
[2]
See Notes to Consolidated Financial Statements.