CONOCOPHILLIPS COP

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived NYSE

ConocoPhillips is an independent E&P company headquartered in Houston, Texas with operations and activities in 14 countries. Our diverse, low cost of supply portfolio includes resource-rich unconventional plays in North America; conventional assets in North America, Europe, Africa and Asia; LNG developments; oil sands in Canada; and an inventory of global exploration prospects. On December 31, 2025, we employed approximately 9,900 people worldwide and had total assets of about $122 billion. Total company production for the year was 2,375 MBOED.

ConocoPhillips was incorporated in the state of Delaware in 2001 in connection with and in anticipation of the merger between Conoco Inc. and Phillips Petroleum Company. The merger between Conoco and Phillips was consummated on August 30, 2002. In April 2012, ConocoPhillips completed the separation of the downstream business into an independent, publicly traded energy company, Phillips 66.

Last close 150.80 2026-10-23
Market cap $181.16B 2026-06-30 share count
52-week range 85.57 - 152.77

Valuation FY2025 figures against the last close

P/S3.5x
P/E23.7x
P/FCF9.2x
EV/EBITDA—
Dividend yield2.2%
Diluted EPS6.35

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Lower 48
  • Europe, Middle East and North Africa
  • Canada
Revenue by segment, 3 categories over 1 years. The same figures are in the table below. FY2025 Lower 48, FY2025: 41.4B (80.4%) 80% Lower 48 Europe, Middle East and North Africa, FY2025: 6.5B (12.6%) 13% Canada, FY2025: 3.6B (7.0%) 7% Canada
Segment FY2025
Lower 48 $41.40B
Europe, Middle East and North Africa $6.48B
Canada $3.62B

As the company reported it, from the “Sales and Other Operating Revenues - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $51.82B$49.42B$48.52B$61.05B$34.59B$13.66B$32.57B$36.42B$29.11B$23.69B
Cost of revenue $22.32B$20.01B$21.98B$33.97B$18.16B$8.08B$11.84B$14.29B$12.47B$9.99B
Gross profit $29.50B$29.41B$26.55B$27.08B$16.43B$5.58B$20.73B$22.12B$16.63B$13.70B
R&D $78.0M$81.0M$81.0M$71.0M$62.0M$75.0M$82.0M$78.0M$100.0M$116.0M
SG&A $893.0M$1.16B$705.0M$623.0M$719.0M$430.0M$556.0M$401.0M$427.0M$473.0M
Total operating expenses —————————$29.89B
Pre-tax income $12.66B$13.67B$16.29B$28.23B$12.71B-$3.14B$9.52B$9.97B-$2.62B-$5.53B
Income tax $4.67B$4.43B$5.33B$9.55B$4.63B$485.0M$2.27B$3.67B$1.82B$1.97B
Net income $7.99B$9.24B$10.96B$18.68B$8.08B-$2.70B$7.19B$6.26B-$855.0M-$3.62B
EPS, basic 6.367.829.0814.626.09-2.516.435.36-0.70-2.91
EPS, diluted 6.357.819.0614.576.07-2.516.40—-0.70-2.91
Shares, diluted (wtd. avg.) 1.25B1.18B1.21B1.28B1.33B1.08B1.1M1.2M1.2M1.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $6.50B$5.61B$5.90B$6.69B$5.40B$3.31B$5.36B$6.15B$6.54B$3.61B
Short-term investments $484.0M$507.0M$971.0M$2.79B—$3.61B$3.03B$248.0M$1.87B$50.0M
Receivables ——————$3.40B$4.07B$4.32B$3.41B
Inventory $1.87B$1.81B$1.40B$1.22B$1.21B$1.00B$1.03B$1.01B$1.06B$1.02B
Total current assets $15.53B$15.65B$14.33B$18.75B$16.05B$12.07B$16.91B$13.27B$16.51B$8.61B
Property, plant and equipment ————$64.91B$39.89B$42.27B$45.70B$45.68B$58.33B
Total assets $121.94B$122.78B$95.92B$93.83B$90.66B$62.62B$70.51B$69.98B$73.36B$89.77B
Accounts payable $6.22B$6.04B—$6.11B$5.00B$2.67B$3.18B$3.86B$4.01B$3.63B
Short-term debt $1.02B$1.03B$1.07B$417.0M$1.20B$619.0M$105.0M$112.0M$2.58B$1.09B
Total current liabilities $11.97B$12.12B$10.01B$12.85B$12.02B$5.37B$7.04B$7.39B$9.40B$6.91B
Long-term debt ———————$16.15B$22.43B—
Total liabilities $57.45B$57.98B$46.65B$45.83B$45.26B$32.77B$35.46B$37.92B$42.56B$54.55B
Retained earnings $68.86B$64.87B$59.27B$53.03B$40.67B$35.21B$39.74B$34.01B$29.39B$31.55B
Total equity $64.49B$64.80B$49.28B$48.00B$45.41B$29.85B$35.05B$32.06B$30.80B$35.23B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $19.80B$20.12B$19.96B$28.31B$17.00B$4.80B$11.10B$12.93B$7.08B$4.40B
Depreciation and amortisation $11.50B$9.60B$8.27B$7.50B$7.21B$5.52B$6.09B$5.96B$6.84B$9.06B
Capital expenditure ———$10.16B$5.32B$4.71B$6.64B$6.75B$4.59B$4.87B
Investing cash flow -$8.84B-$11.15B-$12.00B-$8.74B-$8.54B-$4.12B-$6.62B-$3.84B$7.76B-$3.86B
Financing cash flow -$10.10B-$8.84B-$8.66B-$18.05B-$6.33B-$2.71B-$5.23B-$9.36B-$12.36B$764.0M
Dividends paid $4.00B$3.65B$5.58B$5.73B$2.36B$1.83B$1.50B$1.36B$1.30B$1.25B
Buybacks $5.02B$5.46B$5.40B$9.27B$3.62B$892.0M$3.50B$3.00B$3.00B$126.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001163165-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -20B 0 20B 40B 60B 80B Revenue, FY2016: 23.7B Gross profit, FY2016: 13.7B Net income, FY2016: -3.6B Revenue, FY2017: 29.1B Gross profit, FY2017: 16.6B Net income, FY2017: -855M Revenue, FY2018: 36.4B Gross profit, FY2018: 22.1B Net income, FY2018: 6.3B Revenue, FY2019: 32.6B Gross profit, FY2019: 20.7B Net income, FY2019: 7.2B Revenue, FY2020: 13.7B Gross profit, FY2020: 5.6B Net income, FY2020: -2.7B Revenue, FY2021: 34.6B Gross profit, FY2021: 16.4B Net income, FY2021: 8.1B Revenue, FY2022: 61B Gross profit, FY2022: 27.1B Net income, FY2022: 18.7B Revenue, FY2023: 48.5B Gross profit, FY2023: 26.5B Net income, FY2023: 11B Revenue, FY2024: 49.4B Gross profit, FY2024: 29.4B Net income, FY2024: 9.2B Revenue, FY2025: 51.8B Gross profit, FY2025: 29.5B Net income, FY2025: 8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $23.69B $29.11B $36.42B $32.57B $13.66B $34.59B $61.05B $48.52B $49.42B $51.82B
Gross profit $13.70B $16.63B $22.12B $20.73B $5.58B $16.43B $27.08B $26.55B $29.41B $29.50B
Net income -$3.62B -$855.0M $6.26B $7.19B -$2.70B $8.08B $18.68B $10.96B $9.24B $7.99B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2911

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CVX CHEVRON CORP $460.77B 35.2x -4.6%
MPC Marathon Petroleum Corp $128.40B 34.6x -4.4%
VLO VALERO ENERGY CORP/TX $120.72B 55.4x -5.5%
PSX Phillips 66 $112.99B 26.2x -7.5%
IMO IMPERIAL OIL LTD $65.19B — —
PBF PBF Energy Inc. $9.02B — -11.4%
CVI CVR ENERGY INC $5.85B 215.4x -5.9%
DK Delek US Holdings, Inc. $4.56B — -9.5%