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ConocoPhillips COP Canada Operating Segment — Net income (loss)

Other segment segments

Lower 48
$2.58B+84.7%
Lower Forty Eight
$835M
Alaska Segment
$522M+287%
Asia Pacific Operating Segment
$389M+17.9%
EMENA
$346M+46.0%
Corporate
-$230M+17.6%

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LPR
LPROReportable Segment — Net income (loss)
-$460K-175%

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$140.27B+19.3%
Enterprise value$157.07B+15.3%
P/E15.1×+2.3×
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 us-gaap:NetIncomeLoss.

The source filing: ConocoPhillips’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:39 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001163165-26-000032
Three Months Ended June 30, 2026Millions of Dollars / AlaskaMillions of Dollars / L48Millions of Dollars / CanadaMillions of Dollars / EMENAMillions of Dollars / APMillions of Dollars / Segment TotalsMillions of Dollars / CorporateMillions of Dollars / Consolidated Total
Interest and debt expense182182
Other**3246,2994574311487,6591437,802
Total3246,299457386(19)7,4472187,665
Net income (loss)$5222,5843203463894,161(230)3,931
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $0.5 billion, $0.1 billion and $0.4 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate

Item 1. Financial Statements

FAQ

What is ConocoPhillips's canada operating segment — net income (loss)?
ConocoPhillips (COP) reported canada operating segment — net income (loss) of $320M in Q2 2026.
How has ConocoPhillips's canada operating segment — net income (loss) changed year-over-year?
ConocoPhillips's canada operating segment — net income (loss) increased by 114.8% year-over-year, from $149M to $320M.
What is the long-term trend for ConocoPhillips's canada operating segment — net income (loss)?
Over 4 years (2021 to 2025), ConocoPhillips's canada operating segment — net income (loss) has grown at a 12.8% compound annual growth rate (CAGR), from $458M to $741M.
What does canada operating segment — net income (loss) mean?
This metric represents the net profit or loss generated by the company's Canadian exploration and production operations after accounting for all operating expenses, depreciation, depletion, amortization, and income taxes. It serves as a primary indicator of the segment's financial performance and its contribution to the overall corporate bottom line. Investors use this to assess the profitability of the Canadian asset base relative to the broader portfolio.

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