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ConocoPhillips COP Lower 48 — Net income (loss)
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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, 2026 | Millions of Dollars / Alaska | Millions of Dollars / L48 | Millions of Dollars / Canada | Millions of Dollars / EMENA | Millions of Dollars / AP | Millions of Dollars / Segment Totals | Millions of Dollars / Corporate | Millions of Dollars / Consolidated Total |
|---|---|---|---|---|---|---|---|---|
| Interest and debt expense | — | — | — | — | — | — | 182 | 182 |
| Other** | 324 | 6,299 | 457 | 431 | 148 | 7,659 | 143 | 7,802 |
| Total | 324 | 6,299 | 457 | 386 | (19) | 7,447 | 218 | 7,665 |
| Net income (loss) | $522 | 2,584 | 320 | 346 | 389 | 4,161 | (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 lower 48 — net income (loss)?
- ConocoPhillips (COP) reported lower 48 — net income (loss) of $2.58B in Q2 2026.
- How has ConocoPhillips's lower 48 — net income (loss) changed year-over-year?
- ConocoPhillips's lower 48 — net income (loss) increased by 84.7% year-over-year, from $1.4B to $2.58B.
- What is the long-term trend for ConocoPhillips's lower 48 — net income (loss)?
- Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — net income (loss) has grown at a 1.6% compound annual growth rate (CAGR), from $4.93B to $5.18B.
- What does lower 48 — net income (loss) mean?
- This metric represents the net profit or loss generated by the company's exploration and production activities within the Lower 48 United States region. It reflects the segment's operational efficiency after accounting for all associated revenues, operating expenses, depreciation, depletion, and tax provisions. This figure is a primary indicator of the segment's contribution to the overall corporate bottom line.
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