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ConocoPhillips COP Canada Operating Segment — Income tax provision (benefit)

Other segment segments

EMENA
$725M-21.4%
Lower 48
$395M-11.8%
Lower Forty Eight
$205M
Corporate
-$119M-222%
Alaska Segment
$92M-33.8%
Asia Pacific Operating Segment
$60M-6.3%

Similar metrics at other companies

CNP
CNPCorporate and Other — Income Tax
-$4M+91.8%
NRG Energy logo
NRGOperating Segments — Income Tax Expense Benefit
$2M+60.0%
EFC
EFCCorporate Segment and Other Operating Segment — Income tax expense (benefit)
$966K+1,106%
Starwood Property Trust logo
STWDOperating Segments — Income Tax Expense Benefit
$8.28M-15.6%
Eversource Energy logo
ESOperating Segments — Income Tax Expense Benefit
$144.7M+4.2%
Ovintiv logo
OVVCA — Current Income Tax Expense Benefit
$12M-62.5%

Other financials

Income statement

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Revenue$15.8B-4.6%
Gross profit$9.5B-8.2%
Net income$2.2B-23.4%
EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.7%
Total debt$23.3B-4.5%
Total equity$64.5B-1.1%
Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%

Valuation

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Market cap$131.26B+21.2%
Enterprise value$148.31B+18.2%
P/E17.9×+6.6×
P/S2.3×+0.4×

Profitability

See full
Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp

Returns & leverage

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Return on equity11.3%-5.4pp
Debt / equity0.4×0.0×
Current ratio1.3×0.0×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: ConocoPhillips’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ConocoPhillips's canada operating segment — income tax provision (benefit)?
ConocoPhillips (COP) reported canada operating segment — income tax provision (benefit) of $27M in Q1 2026.
How has ConocoPhillips's canada operating segment — income tax provision (benefit) changed year-over-year?
ConocoPhillips's canada operating segment — income tax provision (benefit) decreased by 66.7% year-over-year, from $81M to $27M.
What is the long-term trend for ConocoPhillips's canada operating segment — income tax provision (benefit)?
Over 4 years (2021 to 2025), ConocoPhillips's canada operating segment — income tax provision (benefit) has grown at a 12.0% compound annual growth rate (CAGR), from $150M to $236M.
What does canada operating segment — income tax provision (benefit) mean?
The tax expense or benefit calculated on the earnings generated by Canadian operations.
How do you interpret canada operating segment — income tax provision (benefit)?
Fluctuations often track changes in segment profitability or shifts in regional tax legislation and incentives.
How does canada operating segment — income tax provision (benefit) compare across companies?
Standard 'Segment Income Tax' reported by multinational corporations.