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CONOCOPHILLIPS FY 2025 10-K, explained in plain English

COP · 10-K for the period ending December 31, 2025, filed February 17, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$51.8B
Gross margin56.9%
Operating income— not reported
Net income$8.0B
Diluted EPS$6.35
Cash & equivalents$6.5B
Total assets$121.9B
Long-term debt$22.4B

Key takeaway

Total company production rose 20% to 2,375 MBOED in 2025, largely due to the Marathon Oil acquisition and new wells across multiple regions.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash and equivalents of $6.497 billion plus short-term/long-term investments (~$1.6 billion) against $22.4 billion long-term debt and $1.02 billion current debt implies a net debt position of roughly $15.3-$16 billion, more indebted than the headline cash figure alone suggests.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for COP.

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