Business Segments · Income Tax Expense Benefit

Lower Forty Eight — Income Tax Expense Benefit

ConocoPhillips Lower Forty Eight — Income Tax Expense Benefit increased by 92.7% 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 2 years (FY 2023 to FY 2025), Lower Forty Eight — Income Tax Expense Benefit shows a downward trend with a -11.5% CAGR.

Analysis

StatementSegment
First reportedQ1 2016
Last reportedQ1 2026Apr 30, 2026
Rolls up toIncome Tax
Metric ID: cop_segment_lower_forty_eight_income_tax_expense_benefit

Historical Data

13 periods
 Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$440.75M$440.75M$440.75M$440.75M$385.00M$367.00M$347.00M$363.00M$448.00M$382.00M$345.00M$205.00M$395.00M
QoQ Change—+0.0%+0.0%+0.0%-12.6%-4.7%-5.4%+4.6%+23.4%-14.7%-9.7%-40.6%+92.7%
YoY Change————-12.6%-16.7%-21.3%-17.6%+16.4%+4.1%-0.6%-43.5%-11.8%
Range$205.00M – $448.00M
CAGR-3.6%
Avg YoY Growth-11.5%
Median YoY Growth-12.6%

Frequently Asked Questions

What is ConocoPhillips's lower forty eight — income tax expense benefit?
ConocoPhillips (COP) reported lower forty eight — income tax expense benefit of $395.00M in Q1 2026.
How has ConocoPhillips's lower forty eight — income tax expense benefit changed year-over-year?
ConocoPhillips's lower forty eight — income tax expense benefit decreased by 11.8% year-over-year, from $448.00M to $395.00M.
What is the long-term trend for ConocoPhillips's lower forty eight — income tax expense benefit?
Over 2 years (2023 to 2025), ConocoPhillips's lower forty eight — income tax expense benefit has grown at a -11.5% compound annual growth rate (CAGR), from $1.76B to $1.38B.