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ConocoPhillips COP Lower 48 — Consolidated sales and other operating revenues

Other segment segments

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$1.67B+9.2%
EMENA
$1.63B-16.1%
Alaska Segment
$1.52B-5.4%
Asia Pacific Operating Segment
$501M+18.2%
Corporate
$22M+22.2%

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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:Revenues.

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 lower 48 — consolidated sales and other operating revenues?
ConocoPhillips (COP) reported lower 48 — consolidated sales and other operating revenues of $11.09B in Q1 2026.
How has ConocoPhillips's lower 48 — consolidated sales and other operating revenues changed year-over-year?
ConocoPhillips's lower 48 — consolidated sales and other operating revenues decreased by 4.0% year-over-year, from $11.55B to $11.09B.
What is the long-term trend for ConocoPhillips's lower 48 — consolidated sales and other operating revenues?
Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — consolidated sales and other operating revenues has grown at a 8.1% compound annual growth rate (CAGR), from $29.31B to $37.03B.
What does lower 48 — consolidated sales and other operating revenues mean?
Total revenue generated from oil and gas production activities in the Lower 48 United States.
How do you interpret lower 48 — consolidated sales and other operating revenues?
An increase indicates higher production volumes or favorable commodity price realization, while a decrease suggests lower output or declining market prices.
How does lower 48 — consolidated sales and other operating revenues compare across companies?
Standard across E&P companies as 'Segment Revenue' or 'Upstream Sales'.