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

ConocoPhillips (COP) reported total segments — income tax provision (benefit) of $1.30B in Q1 2026.

What does total segments — income tax provision (benefit) mean?

The total amount of income tax expense recognized in the financial statements for the period.

Business Segments · Income tax provision (benefit)

Total Segments — Income tax provision (benefit)

ConocoPhillips Total Segments — Income tax provision (benefit) decreased by 21.5% to $1.30B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 21.5%, from $1.65B to $1.30B. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ1 2023

Last reportedQ1 2026

Rolls up toIncome Tax

How to read this metric

Changes reflect fluctuations in pre-tax profitability or shifts in the geographic mix of earnings subject to different tax regimes.

Detailed definition

This represents the estimated income tax expense or benefit recognized for the reporting period based on pre-tax earning...

Peer comparison

Standard 'Income Tax Expense' found in the income statement of all public companies.

Metric ID: cop_segment_total_segments_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	$1.38B	$1.38B	$1.38B	$1.38B	$1.31B	$1.31B	$1.31B	$1.31B	$1.65B	$1.30B
QoQ Change	—	+0.0%	+0.0%	+0.0%	-5.5%	+0.0%	+0.0%	+0.0%	+26.4%	-21.5%
YoY Change	—	—	—	—	-5.5%	-5.5%	-5.5%	-5.5%	+26.4%	-21.5%

Range$1.30B – $1.65B

CAGR-2.8%

Avg YoY Growth-2.8%

Median YoY Growth-5.5%

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Frequently Asked Questions

What is ConocoPhillips's total segments — income tax provision (benefit)?: ConocoPhillips (COP) reported total segments — income tax provision (benefit) of $1.30B in Q1 2026.
How has ConocoPhillips's total segments — income tax provision (benefit) changed year-over-year?: ConocoPhillips's total segments — income tax provision (benefit) decreased by 21.5% year-over-year, from $1.65B to $1.30B.
What does total segments — income tax provision (benefit) mean?: The total amount of income tax expense recognized in the financial statements for the period.