Business Segments · Income tax provision (benefit)
Lower 48 — Income tax provision (benefit)
ConocoPhillips Lower 48 — Income tax provision (benefit) decreased by 11.8% to $395.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.8%, from $448.00M to $395.00M. Over 3 years (FY 2021 to FY 2024), Lower 48 — Income tax provision (benefit) shows relatively stable performance with a 1.7% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2020
Last reportedQ1 2026
Rolls up toIncome Tax
How to read this metric
Changes reflect fluctuations in segment profitability or shifts in the effective tax rate applied to domestic operations.
Detailed definition
The estimated income tax expense or benefit allocated to the specific operating segment based on its pre-tax earnings an...
Peer comparison
Standard segment-level tax reporting; comparable to 'Segment Income Tax' at peer companies.
Metric ID:
cop_segment_lower_48_income_tax_provision_benefitHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $347.50M | $347.50M | $347.50M | $772.00M | $772.00M | $772.00M | $772.00M | $440.75M | $440.75M | $440.75M | $440.75M | $365.50M | $365.50M | $365.50M | $365.50M | $448.00M | $395.00M |
| QoQ Change | — | +0.0% | +0.0% | +122.2% | +0.0% | +0.0% | +0.0% | -42.9% | +0.0% | +0.0% | +0.0% | -17.1% | +0.0% | +0.0% | +0.0% | +22.6% | -11.8% |
| YoY Change | — | — | — | — | +122.2% | +122.2% | +122.2% | -42.9% | -42.9% | -42.9% | -42.9% | -17.1% | -17.1% | -17.1% | -17.1% | +22.6% | -11.8% |
Range$347.50M – $772.00M
CAGR+3.3%
Avg YoY Growth+10.6%
Median YoY Growth-17.1%
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — income tax provision (benefit)?
- ConocoPhillips (COP) reported lower 48 — income tax provision (benefit) of $395.00M in Q1 2026.
- How has ConocoPhillips's lower 48 — income tax provision (benefit) changed year-over-year?
- ConocoPhillips's lower 48 — income tax provision (benefit) decreased by 11.8% year-over-year, from $448.00M to $395.00M.
- What is the long-term trend for ConocoPhillips's lower 48 — income tax provision (benefit)?
- Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — income tax provision (benefit) has grown at a 1.7% compound annual growth rate (CAGR), from $1.39B to $1.46B.
- What does lower 48 — income tax provision (benefit) mean?
- The portion of the company's total tax bill attributed to this specific business segment.