Question 1

What is ConocoPhillips's foreign currency transaction gain (loss)?

Accepted Answer

ConocoPhillips (COP) reported foreign currency transaction gain (loss) of $0 in Q1 2026.

Question 2

How has ConocoPhillips's foreign currency transaction gain (loss) changed year-over-year?

Accepted Answer

ConocoPhillips's foreign currency transaction gain (loss) increased by 100.0% year-over-year, from -$30M to $0.

Question 3

What is the long-term trend for ConocoPhillips's foreign currency transaction gain (loss)?

Accepted Answer

Over 2 years (2021 to 2024), ConocoPhillips's foreign currency transaction gain (loss) has grown at a 50.8% compound annual growth rate (CAGR), from $22M to $50M.

Question 4

What does foreign currency transaction gain (loss) mean?

Accepted Answer

The net gain or loss resulting from fluctuations in exchange rates on transactions denominated in currencies other than the company's functional currency. This reflects the impact of global operations and currency volatility on the company's bottom line.

Line item	Millions of Dollars / Three Months Ended March 31 / 2026	Millions of Dollars / Three Months Ended March 31 / 2025
Taxes other than income taxes	607	551
Accretion on discounted liabilities	97	94
Interest and debt expense	198	205
Foreign currency transaction (gain) loss	—	30
Other expenses	3	6
Total costs and expenses	12,691	12,635
Income (loss) before income taxes	3,363	4,466
Income tax provision (benefit)	1,180	1,617

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ConocoPhillips COP Foreign Currency Transaction Gain (Loss)