Income StatementBalance SheetCash FlowSegments
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ConocoPhillips Business Segments

Business, geographic, and product segment breakdowns

ConocoPhillips generates $58.2B in annual revenue across 4 key segments: Alaska Segment ($5.6B), Asia Pacific Operating Segment ($1.8B), Canada Operating Segment ($5.7B), and Corporate ($67.0M). Based on the Q1 2026 filing.

Alaska Segment (TTM)$5.6BAsia Pacific Operating Segment (TTM)$1.8BCanada Operating Segment (TTM)$5.7BCorporate (TTM)$67.0MEMENA (TTM)$6.2BLower 48 (TTM)$41.6B
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$146.76B
P/E Ratio20.04
ROE11.28%

Products & Services

Revenue from contracts outside the scope of ASC Topic 606

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Natural gas$1.1B$1.6B$1.1B$1.2B$1.5B$1.7B
Power$338.5M$215.0M———$328.0M
Crude oil$103.0M$109.0M$48.0M$101.0M$236.0M$110.0M

Shipping and Handling Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Shipping and Handling Costs$489.5M$609.5M$609.5M$609.5M$609.5M—

Geographic

Consolidated sales and other operating revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
U.S.$11.3B$13.1B$11.1B$11.9B$10.5B$12.5B
International$11.3B$3.4B———$3.2B

Long-Lived Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
International$23.8B———$24.6B—
U.S.$79.1B———$77.5B—

Business Segments

Gain (Loss), Foreign Currency Transaction, after Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alaska$0.0$0.0$0.0$0.0$0.0—
Asia Pacific$250.0K$8.3M$8.3M$8.3M$8.3M—
Canada$8.8M-$5.0M-$5.0M-$5.0M-$5.0M—
Europe, Middle East and North Africa$9.3M-$7.5M-$7.5M-$7.5M-$7.5M—
Lower 48$0.0$0.0$0.0$0.0$0.0—

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$67.0B$66.3B$65.1B$64.4B$61.9B$62.7B
Alaska Segment$18.0B$18.6B$19.4B$19.7B$20.2B$20.8B
EMENA$9.8B$10.2B$10.1B$10.4B$10.6B$10.8B
Canada Operating Segment$9.5B$9.6B$10.0B$9.8B$10.0B$9.9B
Asia Pacific Operating Segment$8.4B$8.3B$8.5B$8.1B$8.3B$8.3B

Capital expenditures and investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$1.6B$1.8B$1.7B$1.6B—$1.5B
Alaska Segment$1.1B$1.0B$986.0M$753.0M$822.0M$949.0M
EMENA$327.0M$274.0M$356.0M$293.0M$271.0M$262.0M
Canada Operating Segment$132.0M$165.0M$144.0M$152.0M$132.0M$121.0M
Asia Pacific Operating Segment$135.0M$54.0M$64.0M$70.0M$154.0M$82.0M

Consolidated sales and other operating revenues

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$9.6B$11.5B$10.0B$10.5B—$11.1B
Canada Operating Segment$1.5B$1.5B$1.3B$1.4B$1.3B$1.7B
EMENA$1.7B$1.9B$1.4B$1.6B$1.6B$1.6B
Alaska Segment$1.6B$1.6B$1.3B$1.4B$1.3B$1.5B
Asia Pacific Operating Segment$352.0M$424.0M$471.0M$515.0M$360.0M$501.0M
Corporate$14.0M$18.0M$14.0M$24.0M$7.0M$22.0M

Depreciation, Depletion and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$1.8B$1.9B$2.0B$2.1B$2.1B$2.1B
Alaska Segment$345.0M$355.0M$361.0M$327.0M$356.0M$352.0M
EMENA$217.0M$219.0M$198.0M$245.0M$250.0M$239.0M
Canada Operating Segment$168.0M$131.0M$143.0M$142.0M$140.0M$152.0M
Asia Pacific Operating Segment$111.0M$119.0M$118.0M$113.0M$110.0M$103.0M
Corporate$10.0M$18.0M$15.0M$11.0M$8.0M$9.0M

Equity in earnings of affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific Operating Segment$249.0M$206.0M$185.0M$194.0M$177.0M$164.0M
EMENA$155.0M$173.0M$115.0M$157.0M$113.0M$95.0M
Corporate$31.0M$9.0M$11.0M-$9.0M—-$12.0M
Alaska Segment$0.0$0.0$0.0$0.0$1.0M$0.0
Canada Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
Lower 48$5.0M$4.0M$4.0M$3.0M—$0.0

Equity investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific Operating Segment$5.0B$5.0B$5.2B$4.8B$4.9B$5.0B
EMENA$1.9B$2.1B$2.1B$2.2B$2.3B$2.4B
Alaska Segment$3.0M$4.0M$4.0M$3.0M$3.0M$3.0M
Lower 48$123.0M$125.0M$126.0M$127.0M—$1.0M
Canada Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0

Income tax provision (benefit)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
EMENA$733.0M$922.0M$593.0M$676.0M$629.0M$725.0M
Lower 48$363.0M$448.0M$382.0M$345.0M—$395.0M
Corporate-$666.0M-$37.0M-$93.0M-$29.0M-$118.0M-$119.0M
Alaska Segment$120.0M$139.0M$47.0M$61.0M$24.0M$92.0M
Asia Pacific Operating Segment$38.0M$64.0M$67.0M$89.0M$18.0M$60.0M
Canada Operating Segment$76.0M$81.0M$50.0M$60.0M$45.0M$27.0M

Interest and Debt Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$191.0M$205.0M$232.0M$223.0M$195.0M$198.0M
Alaska Segment$0.0$0.0$0.0$0.0$0.0$0.0
Asia Pacific Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
Canada Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
EMENA$0.0$0.0$0.0$0.0$0.0$0.0
Lower 48$0.0$0.0$0.0$0.0—$0.0

Investment Income, Interest

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate$93.0M$74.0M$65.0M$60.0M$104.0M$109.0M
Alaska Segment$0.0$0.0$0.0$0.0$0.0$0.0
Asia Pacific Operating Segment$2.0M$2.0M$2.0M$2.0M$2.0M$0.0
Canada Operating Segment$0.0$0.0$0.0$0.0$0.0$0.0
EMENA$0.0$0.0$0.0$0.0$0.0$0.0
Lower 48$0.0$0.0$0.0$0.0—$0.0

Net income (loss)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$1.3B$1.8B$1.4B$1.2B—$1.4B
Asia Pacific Operating Segment$313.0M$311.0M$330.0M$309.0M$217.0M$295.0M
Alaska Segment$353.0M$327.0M$135.0M$130.0M$138.0M$294.0M
EMENA$336.0M$419.0M$237.0M$327.0M$241.0M$265.0M
Corporate-$233.0M-$254.0M-$280.0M-$472.0M-$130.0M-$159.0M
Canada Operating Segment$246.0M$256.0M$149.0M$188.0M$148.0M$85.0M

Operating Costs and Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$1.3B$1.5B$1.5B$1.4B—$1.3B
Alaska Segment$462.0M$506.0M$546.0M$564.0M$542.0M$475.0M
EMENA$200.0M$224.0M$232.0M$213.0M$293.0M$257.0M
Canada Operating Segment$193.0M$201.0M$216.0M$218.0M$198.0M$189.0M
Asia Pacific Operating Segment$103.0M$65.0M$85.0M$101.0M$116.0M$80.0M
Corporate$22.0M$19.0M$19.0M$102.0M$15.0M$22.0M

Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$4.8B$5.9B$4.7B$5.4B$4.7B$6.0B
Canada Operating Segment$294.0M$316.0M$290.0M$333.0M$320.0M$564.0M
Alaska Segment$339.0M$283.0M$226.0M$361.0M$211.0M$310.0M
EMENA$367.0M$329.0M$255.0M$274.0M$266.0M$236.0M
Corporate$805.0M$142.0M$190.0M$232.0M$125.0M$159.0M
Asia Pacific Operating Segment$38.0M$73.0M$58.0M$99.0M$78.0M$127.0M

Segment Reporting, Other Segment Item, Amount

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$4.8B$5.9B$4.7B$5.4B$4.7B$6.0B
Canada Operating Segment$294.0M$316.0M$290.0M$333.0M$320.0M$564.0M
Alaska Segment$339.0M$283.0M$226.0M$361.0M$210.0M$310.0M
Corporate$872.0M$264.0M$346.0M$404.0M$224.0M$260.0M
EMENA$212.0M$156.0M$140.0M$117.0M$153.0M$141.0M
Asia Pacific Operating Segment-$213.0M-$135.0M-$129.0M-$97.0M-$101.0M-$37.0M

Significant Segment Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$3.5B$3.8B$3.9B$3.9B$3.8B$3.7B
EMENA$1.2B$1.4B$1.0B$1.1B$1.2B$1.2B
Alaska Segment$927.0M$1.0B$954.0M$952.0M$922.0M$919.0M
Canada Operating Segment$437.0M$413.0M$409.0M$420.0M$383.0M$368.0M
Asia Pacific Operating Segment$252.0M$248.0M$270.0M$303.0M$244.0M$243.0M
Corporate-$634.0M$0.0-$59.0M$84.0M-$95.0M-$88.0M

Severance expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Alaska—$10.8M$10.8M$10.8M$10.8M—
Asia Pacific—$1.8M$1.8M$1.8M$1.8M—
Canada—$7.3M$7.3M$7.3M$7.3M—
Corporate—$18.0M$18.0M$18.0M$18.0M—
Europe, Middle East and North Africa—$12.0M$12.0M$12.0M$12.0M—
Lower 48—$21.8M$21.8M$21.8M$21.8M—

Dry hole expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific—$20.0M$20.0M$20.0M$20.0M—

Exploratory well costs capitalized for a period greater than one year

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Asia Pacific————$36.0M—

Concentration risk percentage

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 483.0%2.5%2.5%2.5%2.5%—

Expensed

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$0.0$0.0$0.0$0.0$0.0$0.0

Interest Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$0.0$0.0$0.0$0.0$0.0$0.0

Investments in and Advances to Affiliates

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$123.0M———$0.0—

Shipping and Handling Costs

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower 48$1.3B$1.5B$1.5B$1.4B$1.5B$1.3B

Income Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower Forty Eight$363.0M$448.0M$382.0M$345.0M$205.0M$395.0M

Net Income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower Forty Eight$1.3B$1.8B$1.4B$1.2B$835.0M$1.4B

Segment Reporting Information Capital Expenditures And Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lower Forty Eight$1.6B$1.8B$1.7B$1.6B$1.6B$1.5B