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ConocoPhillips COP EMENA — 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%
Canada Operating Segment
$320M+115%
Corporate
-$230M+17.6%

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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 EMENA — net income (loss)?
ConocoPhillips (COP) reported EMENA — net income (loss) of $346M in Q2 2026.
How has ConocoPhillips's EMENA — net income (loss) changed year-over-year?
ConocoPhillips's EMENA — net income (loss) increased by 46.0% year-over-year, from $237M to $346M.
What is the long-term trend for ConocoPhillips's EMENA — net income (loss)?
Over 4 years (2021 to 2025), ConocoPhillips's EMENA — net income (loss) has grown at a 1.2% compound annual growth rate (CAGR), from $1.17B to $1.22B.
What does EMENA — net income (loss) mean?
This metric represents the net profit or loss generated specifically by the company's operations within the Europe, Middle East, and North Africa geographic region. It reflects the segment's ability to convert regional production and sales activities into bottom-line earnings after accounting for operating expenses, taxes, and regional overhead. This figure is a critical indicator of the profitability and operational efficiency of the company's assets located in these specific international markets.

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