What is ConocoPhillips's deferred taxes?

ConocoPhillips (COP) reported deferred taxes of $102M in Q1 2026.

How has ConocoPhillips's deferred taxes changed year-over-year?

ConocoPhillips's deferred taxes increased by 243.7% year-over-year, from -$71M to $102M.

What is the long-term trend for ConocoPhillips's deferred taxes?

Over 4 years (2021 to 2025), ConocoPhillips's deferred taxes has grown at a -20.1% compound annual growth rate (CAGR), from $1.35B to $549M.

What does deferred taxes mean?

Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.

ConocoPhillips COP Deferred Taxes

Deferred Taxes at other companies

Exxon MobilXOM

$191.25M+188%

ChevronCVX

-$264M-155%

Occidental PetroleumOXY

$50M+140%

EOG ResourcesEOG

$18M-59.1%

FAN

Diamondback EnergyFANG

-$242M-4,133%

MGY

Magnolia Oil & Gas CorporationMGY

$16.89M+36.8%

Segments

By segment

See full

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%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$4.3B-29.8%

CapEx$3.0B-75.5%

Free cash flow$1.3B—

Valuation

See full

Market cap$126.65B+11.2%

Enterprise value$143.71B+8.4%

P/E17.3×+4.9×

P/S2.2×+0.2×

Profitability

See full

Gross margin61.5%-2.2pp

Net margin12.6%-4.0pp

FCF margin12.3%—

Returns & leverage

See full

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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: ConocoPhillips (COP) reported deferred taxes of $102M in Q1 2026.
How has ConocoPhillips's deferred taxes changed year-over-year?: ConocoPhillips's deferred taxes increased by 243.7% year-over-year, from -$71M to $102M.
What is the long-term trend for ConocoPhillips's deferred taxes?: Over 4 years (2021 to 2025), ConocoPhillips's deferred taxes has grown at a -20.1% compound annual growth rate (CAGR), from $1.35B to $549M.
What does deferred taxes mean?: Non-cash deferred tax expense or benefit representing the change in deferred tax assets/liabilities during the period.