Acquisitions and Dispositions (Tables) |
9 Months Ended |
|---|---|
Sep. 30, 2021 | |
| Business Acquisition [Line Items] | |
| Total Consideration | Total Consideration 194,243 1,599 Number of shares exchanged 195,842 1.46 285,929 $ 45.9025 $ 13,125 **Based on the ConocoPhillips average stock |
| Net Assets Acquired | Assets Acquired Millions of Dollars Cash and cash equivalents $ 382 Accounts receivable, net 745 Inventories 45 Prepaid expenses and other current 37 Investments and long-term receivables 333 Net properties, plants and equipment 18,968 Other assets 62 Total assets $ 20,572 Liabilities Assumed Accounts payable $ 638 Accrued income and other taxes 49 Employee benefit obligations 4 Other accruals 510 Long-term debt 4,696 Asset retirement obligations 310 Deferred income taxes 1,123 Other liabilities and deferred credits 117 Total liabilities $ 7,447 Net assets acquired $ 13,125 |
| Concho Resources Incorporated [Member] | |
| Business Acquisition [Line Items] | |
| Non-Recurring Restructuring and Transition-Related Costs | Millions of Dollars Transaction Restructuring Cost Total Production and operating expenses $ 110 110 Selling, general and administration 135 64 199 Exploration expenses 18 4 22 Taxes 4 2 6 Other expenses - 29 29 $ 157 209 366 |
| Supplemental Pro Forma (unaudited) | Millions of Dollars Supplemental Pro Forma (unaudited) Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Total $ 5,019 16,384 Net loss (565) (1,184) Net loss attributable to ConocoPhillips (565) (1,230) $ per share Earnings per share: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Basic net loss $ (0.41) (0.90) Diluted net loss (0.41) (0.90) |