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ConocoPhillips COP EMENA — Income tax provision (benefit)

Other segment segments

Lower 48
$395M-11.8%
Lower Forty Eight
$205M
Corporate
-$119M-222%
Alaska Segment
$92M-33.8%
Asia Pacific Operating Segment
$60M-6.3%
Canada Operating Segment
$27M-66.7%

Similar metrics at other companies

Alcoa logo
AAEnergy — Segment Reporting Information Income Tax Expenses Benefits
$6M-57.1%
Enbridge logo
ENBOther Countries — Foreign Income Tax Expense Benefit Continuing Operations
-200,000,000%-3,400,000,000pp
Coeur Mining logo
CDEOther Mining Properties — Income Tax Expense (Benefit)
-$152.7M-6,330%
NRG Energy logo
NRGEast Segment — Income tax (benefit)/expense
$0
Ameren logo
AEEOperating Segments — Income Tax Expense Benefit
$155.75M+47.3%
CNP
CNPMidstream Investments — Income Tax Expense (Benefit)
$7M-46.2%

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

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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 EMENA — income tax provision (benefit)?
ConocoPhillips (COP) reported EMENA — income tax provision (benefit) of $725M in Q1 2026.
How has ConocoPhillips's EMENA — income tax provision (benefit) changed year-over-year?
ConocoPhillips's EMENA — income tax provision (benefit) decreased by 21.4% year-over-year, from $922M to $725M.
What is the long-term trend for ConocoPhillips's EMENA — income tax provision (benefit)?
Over 4 years (2021 to 2025), ConocoPhillips's EMENA — income tax provision (benefit) has grown at a 2.6% compound annual growth rate (CAGR), from $2.54B to $2.82B.
What does EMENA — income tax provision (benefit) mean?
The tax expense or benefit attributed to the earnings generated within the EMENA region.
How do you interpret EMENA — income tax provision (benefit)?
Changes often reflect shifts in regional profitability or adjustments in local fiscal and tax policies affecting the energy sector.
How does EMENA — income tax provision (benefit) compare across companies?
Varies significantly by country and fiscal regime, common across multinational energy firms.