Summary
ConocoPhillips (COP) filed an amendment to its 2009 10-K report on March 31, 2010, primarily to include the audited financial statements of OAO LUKOIL, as required by Rule 3-09 of Regulation S-X. This amendment does not update the original financial statements of ConocoPhillips but provides additional, separate financial information for LUKOIL, a significant investee. Investors should note that the core financial performance and disclosures of ConocoPhillips for the year ended December 31, 2009, remain as originally filed on February 25, 2010. The included LUKOIL financial statements reveal a company with substantial assets and liabilities, operating in the oil and gas exploration, production, refining, marketing, and distribution sectors. For the year ended December 31, 2009, LUKOIL reported revenues of $81,083 million and net income attributable to OAO LUKOIL of $7,011 million, a decrease from $9,144 million in 2008. The company's financial position shows total assets of $79,019 million and total liabilities of $22,640 million as of December 31, 2009. The primary purpose of this filing is to provide regulatory compliance regarding LUKOIL's financial disclosure, rather than to present new information about ConocoPhillips' own operational or financial standing.
Financial Highlights
48 data points| Revenue | $149.34B |
| R&D Expenses | $190.00M |
| SG&A Expenses | $1.83B |
| Operating Expenses | $41.89B |
| Operating Income | $3.72B |
| Interest Expense | $1.49B |
| Net Income | $4.41B |
| EPS (Basic) | $2.96 |
| EPS (Diluted) | $2.94 |
| Shares Outstanding (Basic) | 1.49B |
| Shares Outstanding (Diluted) | 1.50B |
Key Highlights
- 1This filing is an amendment (10-K/A) to the original ConocoPhillips 2009 10-K, primarily to include the audited financial statements of OAO LUKOIL under Rule 3-09 of Regulation S-X.
- 2The amendment does not update ConocoPhillips' own financial statements or disclosures for the year ended December 31, 2009.
- 3OAO LUKOIL reported revenues of $81,083 million for the year ended December 31, 2009.
- 4OAO LUKOIL's net income attributable to the company was $7,011 million for 2009, down from $9,144 million in 2008.
- 5Total assets for OAO LUKOIL were $79,019 million and total liabilities were $22,640 million as of December 31, 2009.
- 6The filing includes detailed consolidated financial statements for OAO LUKOIL, including balance sheets, income statements, statements of stockholders' equity and comprehensive income, and cash flows for the years ended December 31, 2009, 2008, and 2007.
- 7Significant investments and business combinations involving OAO LUKOIL are detailed, including acquisitions in refining and expansion in European Russia and international operations.