![CONOCOPHILLIPS [COP] reports annual net loss of $11.0 billion](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCOP.png&w=3840&q=75)
CONOCOPHILLIPS [COP] reports annual net loss of $11.0 billion
Company Reports Revenue of $56.1 billion
CONOCOPHILLIPS [COP] has reported a net loss of $11.0 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $56.1 billion
Based in HOUSTON, Texas, CONOCOPHILLIPS operates in the MANUFACTURING sector.
In the annual report for the period ending December 31, 2023, the company reported total revenues and other income of $58.57 million, a decrease from the previous year's $82.16 million. This decline was mainly attributed to a decrease in sales and other operating revenues to $56.14 million from $78.49 million in the prior year.
Costs and expenses also decreased in the current period, with the total amounting to $42.29 million compared to $53.93 million in the same period last year. The reduction in expenses was seen across various categories including purchased commodities, production and operating expenses, and exploration expenses.
