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.

ConocoPhillips (COP) Total Segments — Income tax provision (benefit)

Screener

Other segment segments

EMENA

$1.03B+74.2%

Lower 48

$722M+89.0%

Lower Forty Eight

$205M—

Alaska Segment

$159M+238%

Asia Pacific Operating Segment

$110M+64.2%

Canada Operating Segment

$104M+108%

Corporate

$23M+125%

Similar metrics at other companies

CHWYReportable Segment — Income tax provision (benefit)

$36.5M+135%

CRONReportable Segment — Income tax provision (benefit)

$51K+110%

PACBReportable Segment — Income tax provision (benefit)

$58K+65.7%

INSGReportable Segment — Income tax provision (benefit)

$35K+59.1%

DKNGReportable Segment — Income tax provision (benefit)

-$1.8M-115%

OLP

OLPXReportable Segment — Income tax (benefit) provision

-$4.4M-1,157%

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$140.15B+19.2%

Enterprise value$156.95B+15.2%

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

See full

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:IncomeTaxExpenseBenefit.

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
Significant segment expenses*
Production and operating expenses	522	1,276	290	270	87	2,445	(14)	2,431
DD&A	346	2,147	133	241	107	2,974	9	2,983
Income tax provision (benefit)	159	722	104	1,033	110	2,128	23	2,151
Total	1,027	4,145	527	1,544	304	7,547	18	7,565
Other segment items
Equity in earnings of affiliates	—	—	—	(45)	(167)	(212)	(27)	(239)
Interest income	—	—	—	—	—	—	(80)	(80)

Item 1. Financial Statements

FAQ

What is ConocoPhillips's total segments — income tax provision (benefit)?: ConocoPhillips (COP) reported total segments — income tax provision (benefit) of $2.13B in Q2 2026.
How has ConocoPhillips's total segments — income tax provision (benefit) changed year-over-year?: ConocoPhillips's total segments — income tax provision (benefit) increased by 86.8% year-over-year, from $1.14B to $2.13B.
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.