• ConocoPhillips average current ratio for 2023 was 1.47, a 1.34% decline from 2022.
• ConocoPhillips average current ratio for 2022 was 1.49, a 19.46% decline from 2021.
• ConocoPhillips average current ratio for 2021 was 1.85, a 21.94% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.