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ConocoPhillips COP Gross margin

Gross margin at other companies

Chevron logo
ChevronCVX
43.2%+2.8pp
Occidental Petroleum logo
Occidental PetroleumOXY
85.8%+1.8pp
Valero Energy logo
Valero EnergyVLO
5.6%+3.0pp
EQT Corporation logo
EQT CorporationEQT
84.9%+16.1pp

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$135.49B+21.2%
Enterprise value$152.54B+18.2%
P/E18.5×+6.8×
P/S2.3×+0.4×

Profitability

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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

Calculated from ConocoPhillips’s reported figures.

Based on trailing twelve months.

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 gross margin?
ConocoPhillips (COP) reported gross margin of 61.5% in Q1 2026.
How has ConocoPhillips's gross margin changed year-over-year?
ConocoPhillips's gross margin decreased by 3.4% year-over-year, from 63.7% to 61.5%.
What is the long-term trend for ConocoPhillips's gross margin?
Over 4 years (2021 to 2025), ConocoPhillips's gross margin has grown at a 1.3% compound annual growth rate (CAGR), from 239.8% to 252.2%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.