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ConocoPhillips COP Corporate — Income tax provision (benefit)
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.
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, 2026 | Millions of Dollars / Alaska | Millions of Dollars / L48 | Millions of Dollars / Canada | Millions of Dollars / EMENA | Millions of Dollars / AP | Millions of Dollars / Segment Totals | Millions of Dollars / Corporate | Millions of Dollars / Consolidated Total |
|---|---|---|---|---|---|---|---|---|
| Significant segment expenses* | ||||||||
| Production and operating expenses | 522 | 1,276 | 290 | 270 | 87 | 2,445 | (14) | 2,431 |
| DD&A | 346 | 2,147 | 133 | 241 | 107 | 2,974 | 9 | 2,983 |
| Income tax provision (benefit) | 159 | 722 | 104 | 1,033 | 110 | 2,128 | 23 | 2,151 |
| Total | 1,027 | 4,145 | 527 | 1,544 | 304 | 7,547 | 18 | 7,565 |
| Other segment items | ||||||||
| Equity in earnings of affiliates | — | — | — | (45) | (167) | (212) | (27) | (239) |
| Interest income | — | — | — | — | — | — | (80) | (80) |
Item 1. Financial Statements
FAQ
- What is ConocoPhillips's corporate — income tax provision (benefit)?
- ConocoPhillips (COP) reported corporate — income tax provision (benefit) of $23M in Q2 2026.
- How has ConocoPhillips's corporate — income tax provision (benefit) changed year-over-year?
- ConocoPhillips's corporate — income tax provision (benefit) increased by 124.7% year-over-year, from -$93M to $23M.
- What is the long-term trend for ConocoPhillips's corporate — income tax provision (benefit)?
- Over 3 years (2022 to 2025), ConocoPhillips's corporate — income tax provision (benefit) has grown at a -23.1% compound annual growth rate (CAGR), from -$609M to -$277M.
- What does corporate — income tax provision (benefit) mean?
- The net tax expense or benefit recognized at the corporate level, reflecting the impact of global tax jurisdictions on the company's consolidated results. This includes deferred tax adjustments, tax credits, and provisions for income taxes on corporate-level earnings. It is a key driver of the effective tax rate and overall net profitability.
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