Tax Credit Carryforward Valuation Allowance
ConocoPhillips Tax Credit Carryforward Valuation Allowance decreased by 7.9% to $5.93B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 7.9%, from $6.44B to $5.93B. Over 5 years (FY 2020 to FY 2025), Tax Credit Carryforward Valuation Allowance shows a downward trend with a -9.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase signals management's reduced confidence in utilizing tax credits, while a decrease suggests improved prospects for tax savings.
Detailed definition
This is a contra-asset account established against deferred tax assets related to tax credit carryforwards when it is mo...
Peer comparison
Varies significantly based on profitability and tax jurisdiction; peers with stable earnings typically maintain lower valuation allowances.
tax_credit_carryforward_valuation_allowanceHistorical Data
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $8.34B | $8.05B | $7.66B | $6.44B | $5.93B |
| QoQ Change | — | -3.5% | -4.9% | -15.9% | -7.9% |
| YoY Change | — | -3.5% | -4.9% | -15.9% | -7.9% |
Tax Credit Carryforward Valuation Allowance at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's tax credit carryforward valuation allowance?
- ConocoPhillips (COP) reported tax credit carryforward valuation allowance of $5.93B in Q4 2025.
- How has ConocoPhillips's tax credit carryforward valuation allowance changed year-over-year?
- ConocoPhillips's tax credit carryforward valuation allowance decreased by 7.9% year-over-year, from $6.44B to $5.93B.
- What is the long-term trend for ConocoPhillips's tax credit carryforward valuation allowance?
- Over 5 years (2020 to 2025), ConocoPhillips's tax credit carryforward valuation allowance has grown at a -9.9% compound annual growth rate (CAGR), from $9.97B to $5.93B.
- What does tax credit carryforward valuation allowance mean?
- A reserve account reducing the value of tax credits that the company may not be able to use.