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ConocoPhillips COP Lower 48 — Equity in earnings of affiliates

Other segment segments

Asia Pacific Operating Segment
$164M-20.4%
EMENA
$95M-45.1%
Corporate
-$12M-233%
Alaska Segment
$0
Canada Operating Segment
$0

Similar metrics at other companies

CNP
CNPCorporate and Other — Equity in earnings (loss) of unconsolidated affiliates, net
$0
PPG Industries logo
PPGCorporate Non — Income Loss From Equity Method Investments
$2.5M-33.3%
Chevron logo
CVXAll Other — Income (loss) from equity affiliates
$0+100%
FirstEnergy logo
FECorporate/Other — Equity method investment earnings, net (Note 1.)
$9M-79.1%
FirstEnergy logo
FEDistribution — Equity method investment earnings, net (Note 1.)
$0
NRG Energy logo
NRGCorporate — Equity in earnings of unconsolidated affiliates
$0

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:IncomeLossFromEquityMethodInvestments.

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 — equity in earnings of affiliates?
ConocoPhillips (COP) reported lower 48 — equity in earnings of affiliates of $0 in Q1 2026.
How has ConocoPhillips's lower 48 — equity in earnings of affiliates changed year-over-year?
ConocoPhillips's lower 48 — equity in earnings of affiliates decreased by 100.0% year-over-year, from $4M to $0.
What is the long-term trend for ConocoPhillips's lower 48 — equity in earnings of affiliates?
Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — equity in earnings of affiliates has grown at a -34.8% compound annual growth rate (CAGR), from -$18M to $5M.
What does lower 48 — equity in earnings of affiliates mean?
Profit or loss from the company's share in joint ventures or partner-owned projects.
How do you interpret lower 48 — equity in earnings of affiliates?
Positive earnings indicate successful performance of joint ventures, while losses suggest underperformance or impairment of these specific investments.
How does lower 48 — equity in earnings of affiliates compare across companies?
Standard accounting line item for equity-method investments; comparable to 'Equity Income' at peer firms.