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ConocoPhillips

COP Energy Oil & Gas E&P

ConocoPhillips' revenue for fiscal 2025 (year ended December 2025) was $61.5 billion, up 8.07% from fiscal 2024.

Revenue: +32.4%
EPS: +107.1%
Free cash flow: +407.3%
Total debt: −1.02%

Quarter to June 2026, against a year earlier

S&P 500

136.60 0.34 −0.25%

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Market cap: $162.7B
P/E: 18.1×
Fwd P/E: 13.4×
Dividend yield: 2.46%
F-score: 5/9
Altman Z: 2.93
Beneish M: −3.03
Dividend safety: 61/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

ConocoPhillips (COP) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2014: revenue by segment, and margins
Lower 48	21,614	38.93%
EMENA	10,616	19.12%
Alaska Segment	8,382	15.10%
Asia Pacific Operating Segment	7,424	13.37%
Canada Operating Segment	5,162	9.30%
Other, not broken out	2,319	4.18%
Gross margin		56.51%
Operating margin		18.83%
Pre-tax margin		16.91%

Revenue by segment $m

Line	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Lower 48	15,468 47.50%	17,029 46.76%	12,968 44.55%	10,719 45.24%	11,913 38.51%	21,614 38.93%	19,480 33.44%	19,370 31.24%	23,224 35.15%	21,980 34.70%	—	—
Alaska Segment	5,483 16.84%	5,740 15.76%	4,224 14.51%	3,681 15.54%	4,351 14.06%	8,382 15.10%	8,553 14.68%	9,502 15.32%	9,533 14.43%	7,462 11.78%	—	—
EMENA	5,101 15.66%	6,635 18.22%	5,181 17.80%	3,462 14.61%	6,106 19.74%	10,616 19.12%	13,248 22.74%	14,637 23.61%	17,069 25.84%	12,802 20.21%	—	—
Asia Pacific Operating Segment	4,525 13.89%	4,861 13.35%	4,014 13.79%	3,705 15.64%	4,745 15.34%	7,424 13.37%	8,426 14.47%	7,664 12.36%	8,664 13.11%	7,161 11.31%	—	—
Canada Operating Segment	2,910 8.94%	3,184 8.74%	3,178 10.92%	2,192 9.25%	2,454 7.93%	5,162 9.30%	5,254 9.02%	5,028 8.11%	6,270 9.49%	6,147 9.71%	—	—
Other International	0 0.00%	0 0.00%	0 0.00%	—	1 0.00%	—	—	—	—	—	—	—
Phillips 66	—	—	—	—	—	—	—	4,973 8.02%	15,822 23.95%	13,412 21.18%	—	—
Refining Equipment	—	—	—	—	—	—	—	—	—	—	107,223 71.80%	164,230 68.19%
Exploration and Production Equipment	—	—	—	—	—	—	—	—	—	—	37,097 24.84%	69,818 28.99%
Midstream	—	—	—	—	—	—	—	—	—	—	4,892 3.28%	6,564 2.73%
Emerging Businesses	—	—	—	—	—	—	—	—	—	—	86 0.06%	199 0.08%
Chemicals	—	—	—	—	—	—	—	—	—	—	11 0.01%	11 0.00%
Other, not broken out	—	—	—	—	1,365 4.41%	2,319 4.18%	3,287 5.64%	830 1.34%	—	—	—	—
Eliminations	(920) (2.82%)	(1,032) (2.83%)	(459) (1.58%)	—	—	—	—	—	(14,513) (21.97%)	(5,629) (8.89%)	—	—
Revenue	32,567	36,417	29,106	23,693	30,935	55,517	58,248	62,004	66,069	63,335	149,341	240,842

Revenue by region $m

Line	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
U.S.	21,159 64.97%	22,740 62.44%	17,204 59.11%	14,400 60.78%	16,284 52.64%	30,019 54.07%	27,954 47.99%	28,901 46.61%	32,790 49.63%
Norway	2,349 7.21%	2,886 7.92%	2,348 8.07%	1,645 6.94%	2,107 6.81%	3,794 6.83%	4,323 7.42%	5,059 8.16%	5,755 8.71%
Canada	1,769 5.43%	2,024 5.56%	2,619 9.00%	1,974 8.33%	2,136 6.90%	4,409 7.94%	4,647 7.98%	4,553 7.34%	5,326 8.06%
U.K.	1,649 5.06%	2,606 7.16%	2,248 7.72%	1,816 7.66%	4,005 12.95%	6,594 11.88%	7,717 13.25%	9,578 15.45%	11,314 17.12%
Australia	1,647 5.06%	1,798 4.94%	1,448 4.97%	1,353 5.71%	2,127 6.88%	3,258 5.87%	3,571 6.13%	3,371 5.44%	3,458 5.23%
Malaysia	1,230 3.78%	1,346 3.70%	1,103 3.79%	735 3.10%	598 1.93%	403 0.73%	281 0.48%	—	—
Libya	1,103 3.39%	1,142 3.14%	586 2.01%	0 0.00%	—	—	—	—	—
Indonesia	875 2.69%	886 2.43%	757 2.60%	938 3.96%	1,165 3.77%	1,963 3.54%	2,083 3.58%	2,198 3.54%	2,076 3.14%
China	772 2.37%	836 2.30%	712 2.45%	551 2.33%	782 2.53%	1,701 3.06%	2,120 3.64%	1,499 2.42%	2,154 3.26%
International	14 0.04%	153 0.42%	81 0.28%	281 1.19%	360 1.16%	383 0.69%	1,717 2.95%	2,808 4.53%	1,323 2.00%
Corporate and Other	—	—	—	—	—	79 0.14%	163 0.28%	153 0.25%	159 0.24%
Other International	—	—	—	—	—	0 0.00%	0 0.00%	2,088 3.37%	221 0.33%
Intersegment Eliminations before Asia Pacific	—	—	—	—	—	(1) 0.00%	0 0.00%	(41) (0.07%)	(1) 0.00%
Intersegment Eliminations before Europe	—	—	—	—	—	(49) (0.09%)	0 0.00%	(72) (0.12%)	(50) (0.08%)
Intersegment Eliminations before Lower 48	—	—	—	—	—	(107) (0.19%)	(104) (0.18%)	(230) (0.37%)	(283) (0.43%)
Intersegment Eliminations before Canada	—	—	—	—	—	(753) (1.36%)	(607) (1.04%)	(475) (0.77%)	(944) (1.43%)
Other, not broken out	—	—	—	—	1,371 4.43%	3,824 6.89%	4,383 7.52%	2,614 4.22%	2,771 4.19%
Revenue	32,567	36,417	29,106	23,693	30,935	55,517	58,248	62,004	66,069

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Bakken production	Q3 FY2026	191.0K	200.0K	−4.50%
Delaware Basin production	Q3 FY2026	757.0K	—	—
Eagle Ford production	Q3 FY2026	369.0K	403.0K	−8.44%
Lower 48 production	Q3 FY2026	1.5M	1.5M	−0.72%
Midland Basin production	Q3 FY2026	197.0K	—	—
Total average realized price	Q3 FY2026	$61.40	$46.44	+32.21%
Total Pro Forma Underlying Production	Q3 FY2026	2.3M	2.4M	−4.34%
Total Reported ConocoPhillips Production	Q3 FY2026	2.3M	2.4M	−4.04%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
Bakken production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Delaware Basin production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Eagle Ford production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Lower 48 production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Midland Basin production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total average realized price	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Pro Forma Underlying Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total Reported ConocoPhillips Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.