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ConocoPhillips COP Corporate — Income tax provision (benefit)

Other segment segments

EMENA
$725M-21.4%
Lower 48
$395M-11.8%
Lower Forty Eight
$205M
Alaska Segment
$92M-33.8%
Asia Pacific Operating Segment
$60M-6.3%
Canada Operating Segment
$27M-66.7%

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BPOPCorporate Non — Income Tax Expense Benefit

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-5.6%
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%
CapEx$3.0B-75.5%
Free cash flow$1.3B

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

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp
FCF margin12.3%

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 corporate — income tax provision (benefit)?
ConocoPhillips (COP) reported corporate — income tax provision (benefit) of -$119M in Q1 2026.
How has ConocoPhillips's corporate — income tax provision (benefit) changed year-over-year?
ConocoPhillips's corporate — income tax provision (benefit) decreased by 221.6% year-over-year, from -$37M to -$119M.
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 impact recorded by the corporate segment, including both tax expenses and tax benefits.
How do you interpret corporate — income tax provision (benefit)?
A benefit (negative expense) improves net income, while a provision reduces it; trends are highly dependent on global tax strategy.
How does corporate — income tax provision (benefit) compare across companies?
Highly comparable across multinational corporations, though heavily influenced by specific regional tax laws.