What is ConocoPhillips's income tax?

ConocoPhillips (COP) reported income tax of $1.18B in Q1 2026.

How has ConocoPhillips's income tax changed year-over-year?

ConocoPhillips's income tax decreased by 27.0% year-over-year, from $1.62B to $1.18B.

What is the long-term trend for ConocoPhillips's income tax?

Over 4 years (2021 to 2025), ConocoPhillips's income tax has grown at a 0.2% compound annual growth rate (CAGR), from $4.63B to $4.67B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

ConocoPhillips COP Income Tax

Income Tax at other companies

Exxon MobilXOM

$2.5B-30.1%

ChevronCVX

$1.65B-20.2%

Occidental PetroleumOXY

$154M-55.6%

EOG ResourcesEOG

$575M+38.9%

FAN

Diamondback EnergyFANG

$32M-92.1%

Kimbell Royalty PartnersKRP

$703K-35.5%

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+10.4%

Enterprise value$143.71B+7.7%

P/E17.3×+4.8×

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: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 income tax?: ConocoPhillips (COP) reported income tax of $1.18B in Q1 2026.
How has ConocoPhillips's income tax changed year-over-year?: ConocoPhillips's income tax decreased by 27.0% year-over-year, from $1.62B to $1.18B.
What is the long-term trend for ConocoPhillips's income tax?: Over 4 years (2021 to 2025), ConocoPhillips's income tax has grown at a 0.2% compound annual growth rate (CAGR), from $4.63B to $4.67B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.