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ConocoPhillips COP Total Segments — Income tax provision (benefit)

Other segment segments

EMENA
$725M-21.4%
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

Enphase Energy logo
ENPHReportable Segment — Income tax (benefit) provision
-$6.45M-138%
Zillow Group, Inc. logo
ZGReportable Segments — Income Tax Expense (Benefit)
$2M
Akamai Technologies logo
AKAMReportable Segment — Benefit (provision) for income taxes
$15.68M-68.8%
MSC Industrial Direct Co. logo
MSMReportable Segment — Provision for income taxes
$13.86M+10.3%
DraftKings Inc. logo
DKNGReportable Segment — Income tax provision (benefit)
$6.37M+214%
MaxLinear logo
MXLReportable Segment — Income tax provision
$26.49M+3,625%

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: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 total segments — income tax provision (benefit)?
ConocoPhillips (COP) reported total segments — income tax provision (benefit) of $1.3B in Q1 2026.
How has ConocoPhillips's total segments — income tax provision (benefit) changed year-over-year?
ConocoPhillips's total segments — income tax provision (benefit) decreased by 21.5% year-over-year, from $1.65B to $1.3B.
What does total segments — income tax provision (benefit) mean?
This represents the estimated income tax expense or benefit recognized for the reporting period based on pre-tax earnings. It accounts for both current taxes payable and deferred tax liabilities or assets. This metric is influenced by the jurisdictional tax rates where the company operates globally.