Current Liabilities
Income Taxes Payable
ConocoPhillips Income Taxes Payable increased by 16.0% to $2.13B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 27.1%, from $2.92B to $2.13B. Over 5 years (FY 2020 to FY 2025), Income Taxes Payable shows an upward trend with a 41.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ4 2014
Last reportedQ1 2026Apr 30, 2026
How to read this metric
An increase often reflects higher taxable income, while a decrease may indicate tax payments made or lower taxable earnings.
Detailed definition
This represents the current portion of income tax obligations owed to various government taxing authorities based on tax...
Peer comparison
Common across all profitable corporations, varying based on effective tax rates and jurisdictional tax laws.
Metric ID:
income_taxes_payableHistorical Data
20 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 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.41B | $2.08B | $2.86B | $3.16B | $2.76B | $3.19B | $3.19B | $2.85B | $1.69B | $1.92B | $1.81B | $2.12B | $2.02B | $2.47B | $2.46B | $2.92B | $1.74B | $1.94B | $1.84B | $2.13B |
| QoQ Change | — | +48.1% | +37.5% | +10.5% | -12.7% | +15.5% | +0.2% | -10.8% | -40.6% | +13.4% | -5.6% | +16.8% | -4.7% | +22.7% | -0.5% | +18.7% | -40.3% | +11.3% | -5.4% | +16.0% |
| YoY Change | — | — | — | — | +96.2% | +53.1% | +11.6% | -10.0% | -38.7% | -39.8% | -43.3% | -25.7% | +19.1% | +28.9% | +35.8% | +37.9% | -13.6% | -21.6% | -25.4% | -27.1% |
Range$1.41B – $3.19B
CAGR+9.1%
Avg YoY Growth+2.4%
Median YoY Growth-11.8%
Income Taxes Payable at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's income taxes payable?
- ConocoPhillips (COP) reported income taxes payable of $2.13B in Q1 2026.
- How has ConocoPhillips's income taxes payable changed year-over-year?
- ConocoPhillips's income taxes payable decreased by 27.1% year-over-year, from $2.92B to $2.13B.
- What is the long-term trend for ConocoPhillips's income taxes payable?
- Over 5 years (2020 to 2025), ConocoPhillips's income taxes payable has grown at a 41.8% compound annual growth rate (CAGR), from $320.00M to $1.84B.
- What does income taxes payable mean?
- The amount of income tax the company owes to government authorities for the current period.