Lower 48 — Net income (loss)
ConocoPhillips Lower 48 — Net income (loss) decreased by 21.6% to $1.40B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.6%, from $1.79B to $1.40B. Over 3 years (FY 2021 to FY 2024), Lower 48 — Net income (loss) shows relatively stable performance with a 1.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved operational efficiency or higher realized commodity prices, while a decrease suggests rising costs or lower production volumes.
Detailed definition
This metric represents the net profit or loss generated by the company's exploration and production activities within th...
Peer comparison
Comparable to segment-level net income reported by other major integrated oil and gas companies operating in North American shale basins.
cop_segment_lower_48_net_income_lossHistorical Data
| 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 | $1.23B | $1.23B | $1.23B | $2.75B | $2.75B | $2.75B | $2.75B | $1.62B | $1.62B | $1.62B | $1.62B | $1.29B | $1.29B | $1.29B | $1.29B | $1.79B | $1.40B |
| QoQ Change | — | +0.0% | +0.0% | +123.3% | +0.0% | +0.0% | +0.0% | -41.3% | +0.0% | +0.0% | +0.0% | -19.9% | +0.0% | +0.0% | +0.0% | +38.4% | -21.6% |
| YoY Change | — | — | — | — | +123.3% | +123.3% | +123.3% | -41.3% | -41.3% | -41.3% | -41.3% | -19.9% | -19.9% | -19.9% | -19.9% | +38.4% | -21.6% |
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — net income (loss)?
- ConocoPhillips (COP) reported lower 48 — net income (loss) of $1.40B in Q1 2026.
- How has ConocoPhillips's lower 48 — net income (loss) changed year-over-year?
- ConocoPhillips's lower 48 — net income (loss) decreased by 21.6% year-over-year, from $1.79B to $1.40B.
- What is the long-term trend for ConocoPhillips's lower 48 — net income (loss)?
- Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — net income (loss) has grown at a 1.6% compound annual growth rate (CAGR), from $4.93B to $5.18B.
- What does lower 48 — net income (loss) mean?
- The net profit or loss generated by the company's operations in the Lower 48 United States.