ConocoPhillips COP

127.30 (2.04) (1.58%) as of 25 Sep
Market cap
$154.0B
P/E
16.8×
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ConocoPhillips (COP) Gross margin

ConocoPhillips's gross margin over the twelve months to 30 June 2026 was 62.6%, down 0.5 percentage points from fiscal 2025 (63.1%). Over the past ten years it has ranged from 46.3% (fiscal 2015) to 65.7% (fiscal 2019); the current reading is higher than 82% of that period. That is below the Oil & Gas E&P industry median of 80.4% and above the Energy sector median of 49.5%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 63.1% (1.17)
FY2024 64.2% 2.44
FY2023 61.8% 3.84
FY2022 58.0% (3.77)
FY2021 61.7% 11.25
FY2020 50.5% (15.20)
FY2019 65.7% 3.54
FY2018 62.1% 3.29
FY2017 58.9% 7.73
FY2016 51.1% 4.84

Quarterly

Period Gross margin Change (points)
Jun 2026 65.2% 5.05
Mar 2026 60.2% (2.22)
Dec 2025 62.4% 0.59
Sep 2025 61.8% (3.14)
42 more quarters

Against its own ten years

Low 46.3% High 65.7%
Ten-year median 61.7%
Current reading's percentile 82

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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