Net Income
ConocoPhillips Net Income increased by 51.4% to $2.18B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 23.4%, from $2.85B to $2.18B. Over 4 years (FY 2021 to FY 2025), Net Income shows relatively stable performance with a -0.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher profitability and operational success, while a decrease may signal rising costs or declining sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, taxes, and interest have been deduct...
Peer comparison
Standard across all public companies, though margins vary significantly by industry sector.
net_income_cfHistorical Data
| 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 | $2.09B | $2.38B | $2.63B | $5.76B | $5.15B | $4.53B | $3.25B | $2.92B | $2.23B | $2.80B | $3.01B | $2.55B | $2.33B | $2.06B | $2.31B | $2.85B | $1.97B | $1.73B | $1.44B | $2.18B |
| QoQ Change | — | +13.8% | +10.4% | +119.2% | -10.7% | -12.0% | -28.2% | -10.1% | -23.6% | +25.4% | +7.5% | -15.2% | -8.7% | -11.6% | +12.0% | +23.5% | -30.8% | -12.4% | -16.5% | +51.4% |
| YoY Change | — | — | — | — | +146.1% | +90.3% | +23.7% | -49.3% | -56.6% | -38.2% | -7.4% | -12.6% | +4.3% | -26.4% | -23.3% | +11.7% | -15.4% | -16.2% | -37.5% | -23.4% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Lower 48 | $1.26B | $1.24B | $1.29B | $1.79B | $1.40B | $1.24B | — | $1.40B |
| Asia Pacific Operating Segment | $444.00M | $455.00M | $313.00M | $311.00M | $330.00M | $309.00M | $217.00M | $295.00M |
| Alaska Segment | $360.00M | $267.00M | $353.00M | $327.00M | $135.00M | $130.00M | $138.00M | $294.00M |
| EMENA | — | — | $336.00M | $419.00M | $237.00M | $327.00M | $241.00M | $265.00M |
| Corporate | — | — | — | -$254.00M | -$280.00M | -$472.00M | -$130.00M | -$159.00M |
| Canada Operating Segment | $261.00M | $25.00M | $246.00M | $256.00M | $149.00M | $188.00M | $148.00M | $85.00M |
| Europe, Middle East and North Africa | $251.00M | $298.00M | — | — | — | — | — | — |
| Lower Forty Eight | — | — | — | — | — | — | $835.00M | — |
| Other International | $3.00M | $1.00M | -$4.00M | $2.00M | $1.00M | $4.00M | — | — |
| Total | $2.33B | $2.06B | $2.31B | $2.85B | $1.97B | $1.73B | $1.44B | $2.18B |
Europe, Middle East and North Africa, Other International were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Net Income at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's net income?
- ConocoPhillips (COP) reported net income of $2.18B in Q1 2026.
- How has ConocoPhillips's net income changed year-over-year?
- ConocoPhillips's net income decreased by 23.4% year-over-year, from $2.85B to $2.18B.
- What is the long-term trend for ConocoPhillips's net income?
- Over 4 years (2021 to 2025), ConocoPhillips's net income has grown at a -0.3% compound annual growth rate (CAGR), from $8.08B to $7.99B.
- What does net income mean?
- The total profit a company earns after all expenses and taxes are paid.