What is ConocoPhillips's corporate — income tax provision (benefit)?

ConocoPhillips (COP) reported corporate — income tax provision (benefit) of -$119.00M in Q1 2026.

How has ConocoPhillips's corporate — income tax provision (benefit) changed year-over-year?

ConocoPhillips's corporate — income tax provision (benefit) decreased by 221.6% year-over-year, from -$37.00M to -$119.00M.

What does corporate — income tax provision (benefit) mean?

The net tax impact recorded by the corporate segment, including both tax expenses and tax benefits.

Business Segments · Income tax provision (benefit)

Corporate — Income tax provision (benefit)

ConocoPhillips Corporate — Income tax provision (benefit) decreased by 221.6% to -$119.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 221.6%, from -$37.00M to -$119.00M.

Analysis

StatementSegment

CategoryProfitability

SignalContext dependent

VolatilityVolatile

First reportedQ1 2023

Last reportedQ1 2026

Rolls up toIncome Tax

How to read this metric

A benefit (negative expense) improves net income, while a provision reduces it; trends are highly dependent on global tax strategy.

Detailed definition

The net tax expense or benefit recognized at the corporate level, reflecting the impact of global tax jurisdictions on t...

Peer comparison

Highly comparable across multinational corporations, though heavily influenced by specific regional tax laws.

Metric ID: cop_segment_corporate_income_tax_provision_benefit

Historical Data

10 periods

	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24	Q4 '24	Q1 '25	Q1 '26
Value	-$51.75M	-$51.75M	-$51.75M	-$51.75M	-$202.00M	-$202.00M	-$202.00M	-$202.00M	-$37.00M	-$119.00M
QoQ Change	—	+0.0%	+0.0%	+0.0%	-290.3%	+0.0%	+0.0%	+0.0%	+81.7%	-221.6%
YoY Change	—	—	—	—	-290.3%	-290.3%	-290.3%	-290.3%	+81.7%	-221.6%

Range-$202.00M – -$37.00M

CAGR+44.8%

Avg YoY Growth-216.9%

Median YoY Growth-290.3%

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Frequently Asked Questions

What is ConocoPhillips's corporate — income tax provision (benefit)?: ConocoPhillips (COP) reported corporate — income tax provision (benefit) of -$119.00M in Q1 2026.
How has ConocoPhillips's corporate — income tax provision (benefit) changed year-over-year?: ConocoPhillips's corporate — income tax provision (benefit) decreased by 221.6% year-over-year, from -$37.00M to -$119.00M.
What does corporate — income tax provision (benefit) mean?: The net tax impact recorded by the corporate segment, including both tax expenses and tax benefits.