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ConocoPhillips COP US foreign tax credits expired

US foreign tax credits expired at other companies

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Other financials

Income statement

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Revenue$19.2B+36.8%
Gross profit$12.4B+39.6%
Net income$3.9B+99.4%
EPS (diluted)$3.23+107%

Balance sheet

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Cash & equivalents$7.0B+33.3%
Total debt$23.8B-0.6%
Total equity$65.3B-0.3%
Total assets$124.26B+1.4%

Cash flow

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Operating cash flow$7.4B+113%
CapEx$3.0B-8.9%
Free cash flow$1.3B+13.6%

Valuation

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Market cap$141.29B+21.0%
Enterprise value$158.09B+16.7%
P/E15.2×+2.5×
P/S2.2×+0.2×

Profitability

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Gross margin62%-1.5pp
Net margin14.7%-1.2pp
FCF margin12.3%-2.3pp

Returns & leverage

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Return on equity14.2%-1.8pp
Debt / equity0.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept cop:DeferredTaxAssetsOperatingLossCarryforwardsExpired.

The source filing: ConocoPhillips’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 11:32 AM EST
Fiscal year
FY2025
Accession
0001163165-26-000009

At December 31, 2024, the loss and credit carryforward deferred tax assets were primarily related to U.S. foreign tax credit carryforwards of $3.3 billion and various jurisdictions net operating loss and credit carryforwards of $1.6 billion. In 2024, $1.2 billion of U.S. foreign tax credits expired. This reduction was partly offset by an increase of $700 million in our U.S. net operating loss, foreign tax credit carryforwards, and other credit carryforwards due to our acquisition of Marathon Oil. See Note3.

Item 8. Financial Statements and Supplementary Data

FAQ

What is ConocoPhillips's US foreign tax credits expired?
ConocoPhillips (COP) reported US foreign tax credits expired of $1.2B in Q4 2024.
What does US foreign tax credits expired mean?
US foreign tax credits expired as reported by ConocoPhillips.

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