ConocoPhillips (COP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 16.05B | 13.31B | 14.97B | 13.98B | 16.46B | 14.24B | 12.99B | 13.59B | 13.79B | 14.64B | 14.26B | 12.37B | 14.78B | 18.1B | 21.14B | 21.17B | 18.17B | 14.49B | 11.81B | 9.66B |
| Revenue Growth % | -2.45% | -6.53% | 15.22% | 2.88% | 19.31% | -2.77% | -8.9% | 9.87% | -6.69% | -19.08% | -32.55% | -41.59% | -18.64% | 24.93% | 79.03% | 119.28% | 79.8% | 163.29% | 171.28% | 244.98% |
| Cost of Goods Sold | 8.56B | 10.69B | 11.47B | 10.57B | 11.52B | 10.11B | 9.42B | 9.43B | 9.62B | 9.98B | 9.73B | 8.61B | 9.93B | 12.44B | 13.02B | 12.87B | 10.63B | 9.34B | 7.71B | 6.43B |
| COGS % of Revenue | 53.31% | 80.36% | 76.63% | 75.61% | 69.98% | 71% | 72.52% | 69.39% | 69.75% | 68.14% | 68.24% | 69.63% | 67.14% | 68.74% | 61.57% | 60.8% | 58.48% | 64.46% | 65.29% | 66.62% |
| Gross Profit | 7.5B | 2.61B | 3.5B | 3.41B | 4.94B | 4.13B | 3.57B | 4.16B | 4.17B | 4.67B | 4.53B | 3.76B | 4.86B | 5.66B | 8.13B | 8.3B | 7.54B | 5.15B | 4.1B | 3.22B |
| Gross Margin % | 46.69% | 19.64% | 23.37% | 24.39% | 30.02% | 29% | 27.48% | 30.61% | 30.25% | 31.86% | 31.76% | 30.37% | 32.86% | 31.26% | 38.43% | 39.2% | 41.52% | 35.54% | 34.71% | 33.38% |
| Gross Profit Growth % | 51.72% | -36.69% | -2.02% | -18.01% | 18.41% | -11.51% | -21.17% | 10.73% | -14.12% | -17.53% | -44.26% | -54.75% | -35.6% | 9.89% | 98.22% | 157.56% | 234.4% | 800.54% | 9659.52% | 590.56% |
| Operating Expenses | 4.13B | 607M | 796M | 822M | 742M | 1.15B | 662M | 700M | 733M | 622M | 705M | 717M | 735M | 879M | 991M | 1.12B | 1B | 643M | 531M | 498M |
| OpEx % of Revenue | 25.74% | 4.56% | 5.32% | 5.88% | 4.51% | 8.08% | 5.1% | 5.15% | 5.31% | 4.25% | 4.94% | 5.8% | 4.97% | 4.86% | 4.69% | 5.27% | 5.51% | 4.44% | 4.5% | 5.16% |
| Selling, General & Admin | 909M | 109M | 271M | 250M | 191M | 630M | 186M | 164M | 178M | 172M | 169M | 205M | 159M | 192M | 148M | 96M | 187M | 163M | 128M | 117M |
| SG&A % of Revenue | 5.66% | 0.82% | 1.81% | 1.79% | 1.16% | 4.42% | 1.43% | 1.21% | 1.29% | 1.17% | 1.19% | 1.66% | 1.08% | 1.06% | 0.7% | 0.45% | 1.03% | 1.13% | 1.08% | 1.21% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71M | 0 | 0 | 0 | 62M | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.39% | - | - | - | 0.43% | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 3.36B | 2.01B | 2.7B | 2.59B | 4.2B | 2.98B | 2.91B | 3.46B | 3.44B | 4.04B | 3.82B | 3.04B | 4.12B | 4.78B | 7.13B | 7.18B | 6.54B | 4.51B | 3.57B | 2.73B |
| Operating Margin % | 20.95% | 15.08% | 18.05% | 18.51% | 25.51% | 20.92% | 22.38% | 25.46% | 24.93% | 27.62% | 26.81% | 24.57% | 27.89% | 26.41% | 33.74% | 33.93% | 36.01% | 31.11% | 30.21% | 28.22% |
| Operating Income Growth % | -19.89% | -32.63% | -7.08% | -25.18% | 22.07% | -26.34% | -23.95% | 13.82% | -16.59% | -15.38% | -46.4% | -57.7% | -36.99% | 6.06% | 99.94% | 163.67% | 315.43% | 509.64% | 1631.33% | 385.64% |
| EBITDA | 6.27B | 5.08B | 5.64B | 5.45B | 7B | 5.64B | 5.3B | 5.82B | 5.67B | 6.28B | 5.97B | 5.08B | 6.13B | 6.98B | 9.04B | 9.09B | 8.37B | 6.33B | 5.24B | 4.59B |
| EBITDA Margin % | 39.05% | 38.19% | 37.67% | 38.99% | 42.56% | 39.62% | 40.78% | 42.85% | 41.1% | 42.87% | 41.85% | 41.1% | 41.49% | 38.58% | 42.75% | 42.94% | 46.08% | 43.67% | 44.37% | 47.57% |
| EBITDA Growth % | -10.51% | -9.91% | 6.44% | -6.39% | 23.57% | -10.15% | -11.23% | 14.54% | -7.57% | -10.08% | -33.97% | -44.09% | -26.75% | 10.37% | 72.48% | 97.95% | 141.51% | 348.65% | 328.81% | 2118.84% |
| D&A (Non-Cash Add-back) | 2.91B | 3.08B | 2.94B | 2.86B | 2.81B | 2.66B | 2.39B | 2.36B | 2.23B | 2.23B | 2.14B | 2.04B | 2.01B | 2.2B | 1.9B | 1.91B | 1.83B | 1.82B | 1.67B | 1.87B |
| EBIT | 3.36B | 2.01B | 2.7B | 2.59B | 4.2B | 3.25B | 3.5B | 3.94B | 4.09B | 4.56B | 4.36B | 3.61B | 4.82B | 5.48B | 7.7B | 7.93B | 8.18B | 4.61B | 3.86B | 3.36B |
| Net Interest Income | -198M | -290M | -317M | -327M | -299M | -276M | -269M | -278M | -285M | -298M | -262M | -247M | -256M | -246M | -259M | -272M | -278M | -275M | -280M | -283M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 198M | 290M | 317M | 327M | 299M | 276M | 269M | 278M | 285M | 298M | 262M | 247M | 256M | 246M | 259M | 272M | 278M | 275M | 280M | 283M |
| Other Income/Expense | 0 | 238M | 226M | 429M | 268M | -9M | 327M | 200M | 369M | 220M | 276M | 323M | 439M | 456M | 306M | 470M | 1.35B | -170M | 14M | 355M |
| Pretax Income | 3.36B | 2.25B | 2.93B | 3.02B | 4.47B | 2.97B | 3.23B | 3.66B | 3.81B | 4.26B | 4.1B | 3.36B | 4.56B | 5.24B | 7.44B | 7.66B | 7.9B | 4.34B | 3.58B | 3.08B |
| Pretax Margin % | 20.95% | 16.87% | 19.56% | 21.58% | 27.14% | 20.86% | 24.9% | 26.93% | 27.61% | 29.12% | 28.75% | 27.19% | 30.86% | 28.93% | 35.19% | 36.15% | 43.47% | 29.93% | 30.33% | 31.9% |
| Income Tax | 1.18B | 803M | 1.2B | 1.05B | 1.62B | 664M | 1.18B | 1.33B | 1.26B | 1.26B | 1.3B | 1.13B | 1.64B | 1.99B | 2.91B | 2.51B | 2.14B | 1.71B | 1.2B | 989M |
| Effective Tax Rate % | 35.09% | 35.77% | 41.05% | 34.67% | 36.21% | 22.36% | 36.35% | 36.35% | 33.01% | 29.48% | 31.76% | 33.61% | 35.99% | 37.94% | 39.15% | 32.79% | 27.08% | 39.41% | 33.58% | 32.11% |
| Net Income | 2.18B | 1.44B | 1.73B | 1.97B | 2.85B | 2.3B | 2.05B | 2.32B | 2.54B | 3B | 2.79B | 2.22B | 2.92B | 3.25B | 4.53B | 5.14B | 5.76B | 2.63B | 2.38B | 2.09B |
| Net Margin % | 13.6% | 10.84% | 11.53% | 14.1% | 17.31% | 16.15% | 15.79% | 17.09% | 18.43% | 20.47% | 19.56% | 17.98% | 19.75% | 17.95% | 21.41% | 24.3% | 31.7% | 18.13% | 20.15% | 21.65% |
| Net Income Growth % | -23.38% | -37.3% | -15.89% | -15.12% | 12.08% | -23.28% | -26.43% | 4.41% | -12.95% | -7.73% | -38.39% | -56.77% | -49.3% | 23.68% | 90.29% | 146.05% | 486.46% | 440.28% | 628.67% | 704.23% |
| Net Income (Continuing) | 2.18B | 1.44B | 1.73B | 1.97B | 2.85B | 2.31B | 2.06B | 2.33B | 2.55B | 3.01B | 2.8B | 2.23B | 2.92B | 3.25B | 4.53B | 5.14B | 5.76B | 2.63B | 2.38B | 2.09B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.78 | 1.16 | 1.38 | 1.56 | 2.23 | 1.90 | 1.76 | 1.98 | 2.15 | 2.52 | 2.32 | 1.84 | 2.39 | 2.61 | 3.55 | 3.96 | 4.40 | 1.98 | 1.78 | 1.55 |
| EPS Growth % | -20.18% | -38.95% | -21.59% | -21.21% | 3.72% | -24.6% | -24.14% | 7.61% | -10.04% | -3.45% | -34.65% | -53.54% | -45.68% | 31.82% | 99.44% | 155.48% | 486.67% | 375% | 523.81% | 545.83% |
| EPS (Basic) | 1.78 | 1.17 | 1.38 | 1.56 | 2.23 | 1.90 | 1.77 | 1.99 | 2.16 | 2.53 | 2.33 | 1.84 | 2.39 | 2.61 | 3.56 | 3.98 | 4.42 | 1.99 | 1.78 | 1.55 |
| Diluted Shares Outstanding | 1.22B | 1.23B | 1.25B | 1.26B | 1.27B | 1.21B | 1.16B | 1.17B | 1.18B | 1.19B | 1.2B | 1.21B | 1.22B | 1.22B | 1.27B | 1.3B | 1.31B | 1.32B | 1.34B | 1.35B |
| Basic Shares Outstanding | 1.22B | 1.23B | 1.25B | 1.26B | 1.27B | 1.21B | 1.16B | 1.17B | 1.18B | 1.19B | 1.2B | 1.21B | 1.22B | 1.22B | 1.27B | 1.29B | 1.3B | 1.32B | 1.33B | 1.35B |
| Dividend Payout Ratio | 47.27% | 71.98% | 56.49% | 49.92% | 35.03% | 39% | 44.35% | 39.41% | 36.35% | 46.96% | 47.94% | 60.7% | 50.96% | 73.56% | 32.78% | 19.2% | 15% | 23.18% | 24.34% | 27.88% |