2021 Q4 Form 10-K Financial Statement

#000156276222000031 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $15.12B $48.35B $5.491B
YoY Change 175.36% 151.09% -28.08%
Cost Of Revenue $8.023B $18.16B $3.609B
YoY Change 122.31% 124.78% -10.38%
Gross Profit $7.097B $30.19B $1.882B
YoY Change 277.1% 170.09% -47.84%
Gross Profit Margin 46.94% 62.44% 34.27%
Selling, General & Admin $640.0M $2.145B $365.0M
YoY Change 75.34% 398.84% -15.9%
% of Gross Profit 9.02% 7.1% 19.39%
Research & Development $125.0M $62.00M $250.0M
YoY Change -50.0% -17.33% 65.56%
% of Gross Profit 1.76% 0.21% 13.28%
Depreciation & Amortization $1.783B $7.208B $1.541B
YoY Change 15.7% 30.56% 3.56%
% of Gross Profit 25.12% 23.87% 81.88%
Operating Expenses $2.913B $62.00M $2.438B
YoY Change 19.48% -87.72% 10.12%
Operating Profit $4.184B $30.13B -$556.0M
YoY Change -852.52% 182.29% -139.89%
Interest Expense $628.0M $1.043B $315.0M
YoY Change 99.37% -198.68% 27.53%
% of Operating Profit 15.01% 3.46%
Other Income/Expense, Net $1.203B
YoY Change -336.35%
Pretax Income $4.336B $12.71B -$1.086B
YoY Change -499.26% -504.84% -184.45%
Income Tax $1.709B $4.633B -$314.0M
% Of Pretax Income 39.41% 36.45%
Net Earnings $2.627B $8.079B -$772.0M
YoY Change -440.28% -399.11% -207.22%
Net Earnings / Revenue 17.37% 16.71% -14.06%
Basic Earnings Per Share $6.09
Diluted Earnings Per Share $1.989M $6.07 -$718.8K
COMMON SHARES
Basic Shares Outstanding 1.324M shares
Diluted Shares Outstanding 1.328M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.474B $5.474B $6.600B
YoY Change -17.06% -17.06% -18.68%
Cash & Equivalents $5.028B $5.028B $2.991B
Short-Term Investments $446.0M $446.0M $3.609B
Other Short-Term Assets $2.698B $2.698B $1.710B
YoY Change 57.78% 57.78% -60.87%
Inventory $1.208B $1.208B $1.002B
Prepaid Expenses
Receivables $6.670B $6.670B $2.754B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $16.05B $16.05B $12.07B
YoY Change 33.02% 33.02% -28.66%
LONG-TERM ASSETS
Property, Plant & Equipment $64.91B $65.56B $39.89B
YoY Change 62.71% 61.18% -5.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $6.701B $7.015B $7.596B
YoY Change -11.78% -10.98% -7.75%
Other Assets $2.587B $1.938B $2.528B
YoY Change 2.33% 11.06% 4.2%
Total Long-Term Assets $74.61B $74.61B $50.55B
YoY Change 47.59% 47.59% -5.69%
TOTAL ASSETS
Total Short-Term Assets $16.05B $16.05B $12.07B
Total Long-Term Assets $74.61B $74.61B $50.55B
Total Assets $90.66B $90.66B $62.62B
YoY Change 44.78% 44.78% -11.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.002B $5.025B $2.669B
YoY Change 87.41% 86.25% -15.96%
Accrued Expenses $2.934B $2.934B $1.729B
YoY Change 69.69% 69.69% -28.11%
Deferred Revenue $50.00M $97.00M
YoY Change -48.45%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.200B $1.200B $619.0M
YoY Change 93.86% 93.86% 489.52%
Total Short-Term Liabilities $12.02B $12.02B $5.366B
YoY Change 124.02% 124.02% -23.81%
LONG-TERM LIABILITIES
Long-Term Debt $18.73B $18.73B $14.75B
YoY Change 27.01% 27.01% -0.27%
Other Long-Term Liabilities $8.321B $8.321B $8.906B
YoY Change -6.57% -6.57% -1.01%
Total Long-Term Liabilities $27.06B $27.06B $23.66B
YoY Change 14.37% 14.37% -0.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.02B $12.02B $5.366B
Total Long-Term Liabilities $27.06B $27.06B $23.66B
Total Liabilities $45.26B $45.26B $32.77B
YoY Change 38.1% 38.1% -7.6%
SHAREHOLDERS EQUITY
Retained Earnings $40.67B $35.21B
YoY Change 15.51% -11.4%
Common Stock $60.60B $47.15B
YoY Change 28.53% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $50.92B $47.30B
YoY Change 7.66% 1.92%
Treasury Stock Shares 789.3M shares 730.8M shares
Shareholders Equity $45.41B $45.41B $29.85B
YoY Change
Total Liabilities & Shareholders Equity $90.66B $90.66B $62.62B
YoY Change 44.78% 44.78% -11.2%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $2.627B $8.079B -$772.0M
YoY Change -440.28% -399.11% -207.22%
Depreciation, Depletion And Amortization $1.783B $7.208B $1.541B
YoY Change 15.7% 30.56% 3.56%
Cash From Operating Activities $5.868B $17.00B $1.672B
YoY Change 250.96% 253.94% -43.93%
INVESTING ACTIVITIES
Capital Expenditures -$1.557B -$5.324B -$1.058B
YoY Change 47.16% 12.92% -33.67%
Acquisitions $8.290B
YoY Change
Other Investing Activities -$7.038B -$87.00M $515.0M
YoY Change -1466.6% -434.62% -123.04%
Cash From Investing Activities -$8.595B -$8.544B -$543.0M
YoY Change 1482.87% 107.33% -85.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.478B
YoY Change 287.74%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.031B -$6.335B -652.0M
YoY Change 211.5% 133.94% -48.66%
NET CHANGE
Cash From Operating Activities 5.868B $17.00B 1.672B
Cash From Investing Activities -8.595B -$8.544B -543.0M
Cash From Financing Activities -2.031B -$6.335B -652.0M
Net Change In Cash -4.758B $2.083B 477.0M
YoY Change -1097.48% -201.76% -122.52%
FREE CASH FLOW
Cash From Operating Activities $5.868B $17.00B $1.672B
Capital Expenditures -$1.557B -$5.324B -$1.058B
Free Cash Flow $7.425B $22.32B $2.730B
YoY Change 171.98% 134.53% -40.35%

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<div id="TextBlockContainer702" style="position:relative;font-family:'Calibri';font-size:13.28px;color:#000000;line-height:normal;width:580px;height:69px;"><div id="div_700_XBRL_TS_fccc620b22f64a578205ea17be6d96c8" style="position:absolute;left:0px;top:0px;float:left;"><div id="TextBlockContainer701" style="position:relative;font-family:'Calibri';font-size:13.28px;color:#000000;line-height:normal;width:580px;height:69px;"><div id="a27057" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Use of Estimates</div><div id="a27058" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:96px;top:0px;">—The preparation of financial statements<div style="display:inline-block;width:5px"> </div>in conformity with U.S. GAAP requires </div><div id="a27062" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">management to make estimates<div style="display:inline-block;width:5px"> </div>and assumptions that affect the<div style="display:inline-block;width:4px"> </div>reported amounts of assets, liabilities, </div><div id="a27064" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:32px;">revenues and expenses and the disclosures<div style="display:inline-block;width:5px"> </div>of contingent assets and liabilities.<div style="display:inline-block;width:7px"> </div>Actual results could differ </div><div id="a27065" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:49px;">from these estimates.</div></div></div></div>
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CY2021 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<div id="TextBlockContainer785" style="position:relative;font-family:'Calibri';font-size:13.28px;color:#000000;line-height:normal;width:580px;height:166px;"><div id="a27579" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:bold;font-style:normal;color:#000000;left:4px;top:0px;">Guarantees</div><div id="a27580" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:68px;top:0px;">—The fair value of a guarantee<div style="display:inline-block;width:4px"> </div>is determined and recorded as a<div style="display:inline-block;width:4px"> </div>liability at the time the </div><div id="a27584" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:16px;">guarantee is given.<div style="display:inline-block;width:7px"> </div>The initial liability is subsequently reduced as we are<div style="display:inline-block;width:4px"> </div>released from exposure<div style="display:inline-block;width:4px"> </div>under </div><div id="a27585" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:33px;">the guarantee.<div style="display:inline-block;width:7px"> </div>We amortize the guarantee<div style="display:inline-block;width:5px"> </div>liability over the relevant time period, if one<div style="display:inline-block;width:5px"> </div>exists, based on </div><div id="a27587" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:49px;">the facts and circumstances surrounding<div style="display:inline-block;width:5px"> </div>each type of guarantee.<div style="display:inline-block;width:7px"> </div>In cases where the guarantee term<div style="display:inline-block;width:4px"> </div>is </div><div id="a27588" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:65px;">indefinite, we reverse the liability<div style="display:inline-block;width:5px"> </div>when we have information<div style="display:inline-block;width:5px"> </div>indicating the liability is essentially relieved </div><div id="a27589" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:81px;">or amortize it over an appropriate<div style="display:inline-block;width:4px"> </div>time period as the fair value of our guarantee<div style="display:inline-block;width:5px"> </div>exposure declines over </div><div id="a27591" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:98px;">time.<div style="display:inline-block;width:6px"> </div>We amortize the guarantee<div style="display:inline-block;width:5px"> </div>liability to the related income statement<div style="display:inline-block;width:5px"> </div>line item based on the nature </div><div id="a27592" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:114px;">of the guarantee.<div style="display:inline-block;width:7px"> </div>When it becomes probable that we will have<div style="display:inline-block;width:5px"> </div>to perform on a guarantee, we accrue<div style="display:inline-block;width:5px"> </div>a </div><div id="a27594" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:130px;">separate liability if it is reasonably estimable,<div style="display:inline-block;width:5px"> </div>based on the facts and circumstances<div style="display:inline-block;width:4px"> </div>at that time.<div style="display:inline-block;width:6px"> </div>We </div><div id="a27595" style="position:absolute;font-family:'Calibri';font-size:13.28px;font-weight:normal;font-style:normal;color:#000000;left:4px;top:147px;">reverse the fair value liability<div style="display:inline-block;width:5px"> </div>only when there is no further exposure under the<div style="display:inline-block;width:4px"> </div>guarantee.</div></div>
CY2021 us-gaap Revenues
Revenues
48349000000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
12712000000 USD
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.09
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.07
CY2020 us-gaap Revenues
Revenues
19256000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3140000000 USD
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.51
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.51
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6701000000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
7596000000 USD
CY2021Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
0 USD
CY2020Q4 us-gaap Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
114000000 USD
CY2021Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
98000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
137000000 USD
CY2021Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
248000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities Noncurrent
AvailableForSaleSecuritiesDebtSecuritiesNoncurrent
217000000 USD
CY2021Q4 us-gaap Other Investments
OtherInvestments
66000000 USD
CY2020Q4 us-gaap Other Investments
OtherInvestments
67000000 USD
CY2021Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
7113000000 USD
CY2020Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
8131000000 USD
CY2021Q4 us-gaap Retained Earnings Undistributed Earnings From Equity Method Investees
RetainedEarningsUndistributedEarningsFromEquityMethodInvestees
42000000 USD
CY2021 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1279000000 USD
CY2020 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1076000000 USD
CY2019 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1378000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
682000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
1020000000 USD
CY2018Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
856000000 USD
CY2021 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
10000000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
164000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
239000000 USD
CY2021 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
0 USD
CY2020 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
42000000 USD
CY2019 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
11000000 USD
CY2021 cop Capitalized Exploratory Well Cost Sales Of Suspended Well Investment
CapitalizedExploratoryWellCostSalesOfSuspendedWellInvestment
0 USD
CY2020 cop Capitalized Exploratory Well Cost Sales Of Suspended Well Investment
CapitalizedExploratoryWellCostSalesOfSuspendedWellInvestment
313000000 USD
CY2019 cop Capitalized Exploratory Well Cost Sales Of Suspended Well Investment
CapitalizedExploratoryWellCostSalesOfSuspendedWellInvestment
54000000 USD
CY2021 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
32000000 USD
CY2020 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
147000000 USD
CY2019 us-gaap Capitalized Exploratory Well Cost Charged To Expense1
CapitalizedExploratoryWellCostChargedToExpense1
10000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
660000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
682000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
1020000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
4000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
156000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodOfOneYearOrLess
206000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
656000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
526000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
814000000 USD
CY2021Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
660000000 USD
CY2020Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
682000000 USD
CY2019Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
1020000000 USD
CY2021Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
22 pure
CY2020Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
22 pure
CY2019Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
ProjectsThatHaveExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
23 pure
CY2021Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
656000000 USD
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
674000000 USD
CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
813000000 USD
CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
405000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5926000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5573000000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
187000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
180000000 USD
CY2021Q4 cop Asset Rretirement Obligation And Accrued Environmental Costs
AssetRretirementObligationAndAccruedEnvironmentalCosts
6113000000 USD
CY2020Q4 cop Asset Rretirement Obligation And Accrued Environmental Costs
AssetRretirementObligationAndAccruedEnvironmentalCosts
5753000000 USD
CY2021Q4 cop Asset Retirement Obligations And Accrued Environmental Costs Current
AssetRetirementObligationsAndAccruedEnvironmentalCostsCurrent
359000000 USD
CY2020Q4 cop Asset Retirement Obligations And Accrued Environmental Costs Current
AssetRetirementObligationsAndAccruedEnvironmentalCostsCurrent
323000000 USD
CY2021Q4 cop Asset Rretirement Obligation And Accrued Environmental Costs Noncurrent
AssetRretirementObligationAndAccruedEnvironmentalCostsNoncurrent
5754000000 USD
CY2020Q4 cop Asset Rretirement Obligation And Accrued Environmental Costs Noncurrent
AssetRretirementObligationAndAccruedEnvironmentalCostsNoncurrent
5430000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5573000000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
422000000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
555000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
262000000 USD
CY2021 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
113000000 USD
CY2020 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
307000000 USD
CY2021 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
164000000 USD
CY2020 us-gaap Asset Retirement Obligation Cash Paid To Settle
AssetRetirementObligationCashPaidToSettle
116000000 USD
CY2021 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
108000000 USD
CY2020 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
771000000 USD
CY2021 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
55000000 USD
CY2020 us-gaap Asset Retirement Obligation Foreign Currency Translation Gain Loss
AssetRetirementObligationForeignCurrencyTranslationGainLoss
-51000000 USD
CY2021Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5926000000 USD
CY2020Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
5573000000 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
187000000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
180000000 USD
CY2021Q4 cop Maximum Number Of Years Accrued Environmental Liabilities Will Be Paid Over
MaximumNumberOfYearsAccruedEnvironmentalLiabilitiesWillBePaidOver
P30Y
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
AccrualForEnvironmentalLossContingenciesDiscountRate
0.05 pure
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
109000000 USD
CY2021Q4 cop Accrued Enviornmental Costs Discounted
AccruedEnviornmentalCostsDiscounted
153000000 USD
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
17766000000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
14292000000 USD
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1261000000 USD
CY2020Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
891000000 USD
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-907000000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
-186000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
19934000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
15369000000 USD
CY2021Q4 us-gaap Debt Current
DebtCurrent
1200000000 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
619000000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
18734000000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
14750000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
7000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
7000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
7000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
7000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
7000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
43000000 USD
CY2021Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
27000000 USD
CY2020Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
25000000 USD
CY2019Q4 us-gaap Unrecorded Unconditional Purchase Obligation Balance Sheet Amount
UnrecordedUnconditionalPurchaseObligationBalanceSheetAmount
25000000 USD
CY2021 us-gaap Credit Derivative Recourse Provisions
CreditDerivativeRecourseProvisions
Certain of our derivative instruments contain provisions that require us to post collateral if the derivative exposure exceeds a threshold amount. We have contracts with fixed threshold amounts and other contracts with variable threshold amounts that are contingent on our credit rating. The variable threshold amounts typically decline for lower credit ratings, while both the variable and fixed threshold amounts typically revert to zero if we fall below investment grade. Cash is the primary collateral in all contracts; however, many also permit us to post letters of credit as collateral, such as transactions administered through the New York Mercantile Exchange.
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
516000000 USD
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
479000000 USD
CY2020Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
518000000 USD
CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
594000000 USD
CY2021 us-gaap Description Of Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Activities
DescriptionOfForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsActivities
At December 31, 2021, we had outstanding foreign currency exchange forward contracts to buy $1.9 billion AUD at $0.715 AUD against the U.S. dollar in anticipation of our future acquisition of an additional interest in APLNG. At December 31, 2020, we had outstanding foreign currency exchange forward contracts to sell $0.45 billion CAD at $0.748 CAD against the U.S. dollar
CY2021Q4 cop Cash And Cash Equivalents Carried At Cost Plus Accrued Interest
CashAndCashEquivalentsCarriedAtCostPlusAccruedInterest
5018000000 USD
CY2020Q4 cop Cash And Cash Equivalents Carried At Cost Plus Accrued Interest
CashAndCashEquivalentsCarriedAtCostPlusAccruedInterest
2978000000 USD
CY2021Q4 cop Short Term Investments Carried At Cost Plust Accrued Interest
ShortTermInvestmentsCarriedAtCostPlustAccruedInterest
225000000 USD
CY2020Q4 cop Short Term Investments Carried At Cost Plust Accrued Interest
ShortTermInvestmentsCarriedAtCostPlustAccruedInterest
3320000000 USD
CY2021Q4 cop Investments And Long Term Receivables Carried At Cost Plus Accrued Interest
InvestmentsAndLongTermReceivablesCarriedAtCostPlusAccruedInterest
0 USD
CY2020Q4 cop Investments And Long Term Receivables Carried At Cost Plus Accrued Interest
InvestmentsAndLongTermReceivablesCarriedAtCostPlusAccruedInterest
1000000 USD
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
479000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
1243000000 USD
CY2021Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
DerivativeAssetNotSubjectToMasterNettingArrangement
85000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
1158000000 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
650000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
508000000 USD
CY2021Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
0 USD
CY2021Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
508000000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
1223000000 USD
CY2021Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
82000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
1141000000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
650000000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
491000000 USD
CY2021Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
36000000 USD
CY2021Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
455000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Asset Including Not Subject To Master Netting Arrangement
DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement
255000000 USD
CY2020Q4 us-gaap Derivative Asset Not Subject To Master Netting Arrangement
DerivativeAssetNotSubjectToMasterNettingArrangement
2000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
253000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
157000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
96000000 USD
CY2020Q4 us-gaap Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
10000000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
86000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Liability Including Not Subject To Master Netting Arrangement
DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement
220000000 USD
CY2020Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
1000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
219000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
157000000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
62000000 USD
CY2020Q4 us-gaap Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
4000000 USD
CY2020Q4 us-gaap Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
58000000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2021Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
36000000 USD
CY2020Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
10000000 USD
CY2020Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
4000000 USD
CY2020Q4 us-gaap Shares Issued
SharesIssued
1798844267 shares
CY2019Q4 us-gaap Shares Issued
SharesIssued
1795652203 shares
CY2018Q4 us-gaap Shares Issued
SharesIssued
1791637434 shares
CY2021 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
285928872 shares
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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We have long-term commodity sales contracts which use prevailing market prices at the time of delivery, and under these contracts, the market-based variable consideration for each performance obligation (i.e., delivery of commodity) is allocated to each wholly unsatisfied performance obligation within the contract.
CY2021 us-gaap Revenue Practical Expedient Initial Application And Transition Nondisclosure Of Transaction Price Allocation To Remaining Performance Obligation
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We typically receive payment within 30 days or less (depending on the terms of the invoice) once delivery is made.
CY2021 us-gaap Contract With Customer Timing Of Satisfaction Of Performance Obligation And Payment
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We have entered into contractual arrangements where we license proprietary technology to customers related to the optimization process for operating LNG plants. The agreements typically provide for negotiated payments to be made at stated milestones. The payments are not directly related to our performance under the contract and are recorded as deferred revenue to be recognized as revenue when the customer can utilize and benefit from their right to use the license. Payments are received in installments over the construction period.
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We expect to recognize the contract liabilities as of December 31, 2021, as revenue during 2022.
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CY2019 cop Depreciation Depletion Amortization And Impairments1
DepreciationDepletionAmortizationAndImpairments1
6495000000 USD
CY2021 us-gaap Net Income Loss
NetIncomeLoss
8079000000 USD
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-2701000000 USD
CY2019 us-gaap Net Income Loss
NetIncomeLoss
7189000000 USD
CY2019Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
8453000000 USD
CY2021Q4 us-gaap Assets
Assets
90661000000 USD
CY2021Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
6701000000 USD
CY2020Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
7710000000 USD
CY2020Q4 us-gaap Assets
Assets
62618000000 USD
CY2019Q4 us-gaap Assets
Assets
70514000000 USD
CY2021 cop Segment Reporting Information Capital Expenditures And Investments
SegmentReportingInformationCapitalExpendituresAndInvestments
5324000000 USD
CY2020 cop Segment Reporting Information Capital Expenditures And Investments
SegmentReportingInformationCapitalExpendituresAndInvestments
4715000000 USD
CY2019 cop Segment Reporting Information Capital Expenditures And Investments
SegmentReportingInformationCapitalExpendituresAndInvestments
6636000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45828000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18784000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32567000000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
45828000000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
18784000000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32567000000 USD
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
71612000000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
47603000000 USD
CY2019Q4 us-gaap Noncurrent Assets
NoncurrentAssets
50722000000 USD

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