ConocoPhillips
ConocoPhillips is a leading independent exploration and production (E&P) company focused on the global identification, development, and production of crude oil and natural gas. The company maintains a diverse portfolio of unconventional and conventional assets, leveraging technical expertise to maximize resource recovery and operational efficiency. Its core value proposition centers on disciplined capital allocation and low-cost supply to deliver competitive returns through commodity cycles.
Financials
Based on Q1 2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Exploration and Production
primaryThe primary business driver focused on the discovery and extraction of hydrocarbon resources across global basins. This includes the management of proved and unproved properties, ranging from shale and tight oil to deepwater and conventional reservoirs.
Crude Oil, Natural Gas, Natural Gas Liquids (NGL), Bitumen, Liquefied Natural Gas (LNG)
Refiners, Industrial Consumers, Integrated Energy Companies, Wholesale Commodity Traders
Segment Financials
Asia Pacific — Dry hole expense
View metricCrude oil — Revenue from contracts outside the scope of ASC Topic 606
View metricCanada Operating Segment — Capital expenditures and investments
View metricBusiness Overview
Competitive Position
As the world's largest independent E&P company by production and proved reserves, ConocoPhillips maintains a significant competitive advantage through its low cost of supply and diverse asset base.
Geographies
United States, Norway, Canada, Australia, Libya, China, Malaysia
Customer Segments
Midstream Operators, Downstream Refiners, Global Energy Markets
Upstream Dependencies
Oilfield Service Providers, Drilling Rig Contractors, Geological Surveying Firms, Equipment Manufacturers
Downstream Customers
Petrochemical Manufacturers, Power Generation Utilities, Refining Companies, Natural Gas Distributors
Competitors & Partners
Competitors
EOG Resources
EOG
Independent E&P competitor in US unconventional basins
Chevron
CVX
Global energy peer competing for acreage and resources
Exxon Mobil
XOM
Major integrated competitor in global upstream markets
Diamondback Energy
FANG
Independent E&P competitor in the Permian
Occidental Petroleum
OXY
Direct competitor in the Permian Basin and international E&P
Subsidiaries
Burlington Resources
Acquired entity holding significant natural gas assets
ConocoPhillips FAQ
Common questions about ConocoPhillips
ConocoPhillips is a leading independent exploration and production (E&P) company focused on the global identification, development, and production of crude oil and natural gas. The company maintains a diverse portfolio of unconventional and conventional assets, leveraging technical expertise to maximize resource recovery and operational efficiency. Its core value proposition centers on disciplined capital allocation and low-cost supply to deliver competitive returns through commodity cycles.
ConocoPhillips (COP) has a market capitalization of $146.76B and trades on NYSE.
ConocoPhillips generated $58.2B in trailing twelve-month revenue with net income of $7.3B, representing a net margin of 12.6%. Gross margin stands at 61.5%. These figures are based on the Q1 2026 filing.
ConocoPhillips's key competitors include EOG Resources, Chevron Corporation, Exxon Mobil Corporation, and others. These companies compete in similar markets and product categories.
ConocoPhillips has approximately 10,000 employees.