Tax
Income Tax
ConocoPhillips Income Tax decreased by 75.5% to $1.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 325966850728.7%, from $0.36 to $1.18B. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 54.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical 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 | $0.32 | $0.34 | $856.00M | $0.27 | $0.33 | $0.39 | $7.37B | $0.36 | $0.34 | $52.00M | $5.35B | $76.00M | $0.36 | $0.36 | $3.54B | $0.36 | $0.35 | $0.41 | $4.82B | $1.18B |
| QoQ Change | — | +6.3% | >999% | -100.0% | +21.0% | +19.5% | >999% | -100.0% | -6.7% | >999% | >999% | -98.6% | -100.0% | +0.3% | >999% | -100.0% | -4.1% | +18.2% | >999% | -75.5% |
| YoY Change | — | — | — | — | +2.5% | +15.3% | +760.7% | +32.8% | +2.4% | >999% | -27.3% | >999% | +8.0% | -100.0% | -33.8% | -100.0% | -4.4% | +12.6% | +36.0% | >999% |
Range$0.27 – $7.37B
CAGR>999%
Avg YoY Growth>999%
Median YoY Growth+10.3%
Business Segments
| Segment | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| EMENA | $766.25M | $766.25M | $713.50M | $713.50M | $713.50M | $713.50M | $922.00M | $725.00M |
| Lower 48 | $440.75M | $440.75M | $365.50M | $365.50M | $365.50M | — | $448.00M | $395.00M |
| Corporate | — | — | — | — | — | — | — | -$119.00M |
| Alaska Segment | $160.50M | $160.50M | $120.00M | $120.00M | $120.00M | $120.00M | $139.00M | $92.00M |
| Asia Pacific Operating Segment | $10.50M | $10.50M | $52.75M | $52.75M | $52.75M | $52.75M | $64.00M | $60.00M |
| Canada Operating Segment | $6.50M | $6.50M | $57.00M | $57.00M | $57.00M | $57.00M | $81.00M | $27.00M |
| Total | $52.00M | $5.35B | $76.00M | $0.36 | $0.36 | $3.54B | $0.36 | $1.18B |
Income Tax at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's income tax?
- ConocoPhillips (COP) reported income tax of $1.18B in Q1 2026.
- How has ConocoPhillips's income tax changed year-over-year?
- ConocoPhillips's income tax increased by 325966850728.7% year-over-year, from $0.36 to $1.18B.
- What is the long-term trend for ConocoPhillips's income tax?
- Over 4 years (2021 to 2025), ConocoPhillips's income tax has grown at a 54.1% compound annual growth rate (CAGR), from $856.00M to $4.82B.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.