ConocoPhillips Return On Tangible Equity 2010-2024 | COP
- ConocoPhillips average return on tangible equity for 2023 was 26.37, a 23.05% decline from 2022.
- ConocoPhillips average return on tangible equity for 2022 was 34.27, a 292.55% decline from 2021.
- ConocoPhillips average return on tangible equity for 2021 was 8.73, a 582.03% increase from 2020.
Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.