What is ConocoPhillips's deferred tax assets - foreign tax credits?

ConocoPhillips (COP) reported deferred tax assets - foreign tax credits of $1.20B in Q4 2024.

What does deferred tax assets - foreign tax credits mean?

Tax credits from foreign operations that can be used to reduce domestic tax payments.

Discontinued — last reported Q4 '18

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryCapital Allocation

SignalHigher is better

VolatilityModerate

First reportedQ4 2014

Last reportedQ4 2018

Higher values indicate a larger pool of foreign tax credits available to reduce future domestic tax burdens.

These are deferred tax assets arising from taxes paid to foreign governments that can be used to offset domestic tax lia...

Common for multinational energy firms with global exploration and production assets.

Metric ID: deferred_tax_assets_foreign_tax_credits

1 periods

	Q4 '24
Value	$1.20B

What is ConocoPhillips's deferred tax assets - foreign tax credits?: ConocoPhillips (COP) reported deferred tax assets - foreign tax credits of $1.20B in Q4 2024.
What does deferred tax assets - foreign tax credits mean?: Tax credits from foreign operations that can be used to reduce domestic tax payments.