COP

MKT CAP:$148B

ConocoPhillips

Market Cap

$148B

Energy·Oil & Gas Exploration & Production·🇺🇸 United States·NYSE

Energy·Oil & Gas Exploration & Production·🇺🇸·NYSE

Stock Price

$120.96+$24.26 (+25.09%)

Apr 24, 2026

Company Details

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, he...

CEO

Ryan Lance

IPO Date

Dec 31, 1981

Website

www.conocophillips.com

Key Metrics TTM

Revenue

$58.7B

+6.7% YoY

Net Income

$8.0B

EPS (Diluted)

$6.33

Free Cash Flow

$16.8B

Revenue / Share

$47.58

Gross Margin

24.6%

Operating Margin

19.6%

Net Margin

13.6%

FCF Margin

28.6%

P/S

2.5x

P/E

18.5x

Earnings Reports

Q1 2026

Apr 30, 2026

PENDING

FY 2025

Feb 17, 2026

$58.7B+7.5%EPS $6.35

Q4 2025

Feb 17, 2026

$13.3BEPS $1.16

Q3 2025

Nov 6, 2025

$15.0B+15.2%EPS $1.38

Q2 2025

Aug 7, 2025

$14.0B+2.9%EPS $1.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 21	$14.5B	$5.1B	$4.5B
Q1 22	$18.2B	$7.5B	$6.5B
Q2 22	$21.2B	$8.3B	$7.2B
Q3 22	$21.1B	$8.1B	$7.1B
Q4 22	$18.1B	$5.7B	$4.8B
Q1 23	$14.8B	$4.9B	$4.1B
Q2 23	$12.4B	$3.8B	$3.0B
Q3 23	$14.3B	$4.5B	$3.8B
Q4 23	$14.6B	$4.7B	$4.0B
Q1 24	$13.8B	$4.2B	$3.4B
Q2 24	$13.6B	$4.2B	$3.5B
Q3 24	$13.0B	$3.6B	$2.9B
Q1 25	$16.5B	$4.9B	$4.2B
Q2 25	$14.0B	$3.4B	$2.6B
Q3 25	$15.0B	$3.5B	$2.7B
Q4 25	$13.3B	$2.6B	$2.0B

Valuation

Quarter	P/S	P/E
Q4 21	2.1x	11.9x
Q1 22	2.5x	10.5x
Q2 22	1.8x	7.5x
Q3 22	1.8x	7.5x
Q4 22	1.8x	7.7x
Q1 23	1.7x	8.3x
Q2 23	1.9x	9.7x
Q3 23	2.3x	12.4x
Q4 23	2.4x	12.3x
Q1 24	2.7x	14.2x
Q2 24	2.4x	12.5x
Q3 24	2.3x	12.5x
Q1 25	2.3x	13.5x
Q2 25	2.0x	12.2x
Q3 25	2.0x	13.9x
Q4 25	2.0x	14.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$5.9B	$4.3B
Q1 22	$5.1B	$1.9B
Q2 22	$7.9B	$5.9B
Q3 22	$8.7B	$6.2B
Q4 22	$6.6B	$4.1B
Q1 23	$5.4B	$2.5B
Q2 23	$3.9B	$931M
Q3 23	$5.4B	$2.9B
Q4 23	$5.3B	$2.4B
Q1 24	$5.0B	$2.1B
Q2 24	$4.9B	$1.9B
Q3 24	$5.8B	$2.8B
Q1 25	$6.1B	$2.7B
Q2 25	$3.5B	$199M
Q3 25	$5.9B	$12.5B
Q4 25	$4.3B	$1.3B

Capital Expenditures

Quarter	CapEx
Q4 21	$1.6B
Q1 22	$3.2B
Q2 22	$2.0B
Q3 22	$2.5B
Q4 22	$2.5B
Q1 23	$2.9B
Q2 23	$2.9B
Q3 23	$2.5B
Q4 23	$2.9B
Q1 24	$2.9B
Q2 24	$3.0B
Q3 24	$2.9B
Q1 25	$3.4B
Q2 25	$3.3B
Q3 25	$6.7B
Q4 25	$3.0B

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 21	+163.3%	+51.2%
Q1 22	+79.8%	+36.3%
Q2 22	+119.3%	+101.8%
Q3 22	+79.0%	+70.0%
Q4 22	+24.9%	+33.4%
Q1 23	-18.6%	-8.3%
Q2 23	-41.6%	-33.3%
Q3 23	-32.5%	-25.5%
Q4 23	-19.1%	-20.4%
Q1 24	-6.7%	-2.9%
Q2 24	+9.9%	+8.6%
Q3 24	-8.9%	-3.4%
Q1 25	+12.4%	+15.7%
Q2 25	+1.3%	+10.0%
Q3 25	+10.2%	+21.1%
Q4 25	+2.4%	+12.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$304M	2.1%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q4 22	$377M	2.1%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 21	$62M	$163M
Q1 22	—	$187M
Q2 22	—	$96M
Q3 22	—	$148M
Q4 22	$71M	$192M
Q1 23	—	$159M
Q2 23	—	$205M
Q3 23	—	$169M
Q4 23	—	$172M
Q1 24	—	$178M
Q2 24	—	$164M
Q3 24	—	$186M
Q1 25	—	$191M
Q2 25	—	$250M
Q3 25	—	$271M
Q4 25	—	$109M

Revenue Segments

Quarter	Crude oil product line	Natural Gas Liquids	Natural Gas Product Line	Other Products
Q4 21	$6.9B	$692M	$5.5B	$2.0B
Q1 22	$9.9B	$879M	$6.0B	$1.0B
Q2 22	$11.5B	$1.0B	$7.3B	$1.4B
Q3 22	$10.4B	$989M	$8.3B	$1.4B
Q4 22	$8.8B	$740M	$5.4B	$2.7B
Q1 23	$8.9B	$695M	$4.4B	$800M
Q2 23	$9.0B	$582M	$1.9B	$944M
Q3 23	$10.0B	$677M	$2.2B	$1.3B
Q4 23	$9.9B	$655M	$2.2B	$1.9B
Q1 24	$9.6B	$680M	$1.9B	$1.7B
Q2 24	$10.1B	$662M	$1.2B	$1.7B
Q3 24	$9.8B	$693M	$1.3B	$1.3B
Q1 25	$10.8B	$1.1B	$2.8B	$1.8B
Q2 25	$9.5B	$938M	$1.9B	$1.6B
Q3 25	$10.0B	$886M	$2.0B	$2.1B

Revenue by Geography

Quarter	Canada	China	Indonesia	Libya	Lower 48	Malaysia	Norway	Other foreign Countries	United Kingdom	International
Q4 21	$921M	$205M	$245M	$269M	$10.9B	$248M	$855M	$3M	$1.5B	—
Q1 22	$869M	$273M	$159M	—	$13.6B	$318M	$932M	—	$1.2B	$1M
Q2 22	$1.1B	$301M	—	—	$16.8B	$336M	$737M	—	$1.6B	$1M
Q3 22	$764M	$273M	—	$317M	$16.3B	$345M	$1.0B	—	$2.0B	$1M
Q1 23	$843M	$202M	—	$370M	$11.8B	$261M	$651M	—	$681M	$1M
Q2 23	$449M	$244M	—	$447M	$10.0B	$189M	$577M	—	$404M	$1M
Q3 23	$808M	$225M	—	$392M	$11.6B	$319M	$589M	—	$366M	$1M
Q4 23	$906M	$281M	—	$521M	$11.7B	$192M	$591M	—	$527M	$2M
Q1 24	$936M	$213M	—	$500M	$11.0B	$261M	$624M	—	$333M	$1M
Q2 24	$941M	$275M	—	$470M	$10.8B	$268M	$514M	—	$374M	$2M
Q3 24	$660M	$261M	—	$307M	$10.4B	$217M	$640M	—	$510M	$1M
Q1 25	$947M	$237M	—	$510M	$13.1B	$186M	$606M	—	$640M	—
Q2 25	$742M	$255M	—	$406M	$11.1B	$217M	$428M	—	$596M	—
Q3 25	$798M	$228M	—	$434M	$11.9B	$201M	$460M	—	$673M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$6.4B	$730M	$7.1B
Q2 22	$6.9B	$1.3B	$8.2B
Q3 22	$8.0B	$2.4B	$10.4B
Q4 22	$6.5B	$2.8B	$9.2B
Q1 23	$7.0B	$1.6B	$8.6B
Q2 23	$5.7B	$1.1B	$6.8B
Q3 23	$8.8B	$616M	$9.4B
Q4 23	$5.6B	$971M	$6.6B
Q1 24	$5.6B	$487M	$6.1B
Q2 24	$4.3B	$1.7B	$6.0B
Q3 24	$5.2B	$1.6B	$6.8B
Q4 24	$5.6B	$507M	$6.1B
Q1 25	$6.3B	$926M	$7.2B
Q2 25	$4.9B	$439M	$5.3B
Q3 25	$5.3B	$996M	$6.3B
Q4 25	$6.5B	$484M	$7.0B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 21	1.32B	-1.2%	+23.0%
Q1 22	1.31B	-1.0%	+0.4%
Q2 22	1.30B	-0.9%	-4.2%
Q3 22	1.27B	-2.0%	-5.0%
Q4 22	1.22B	-3.6%	-7.3%
Q1 23	1.22B	-0.0%	-6.4%
Q2 23	1.21B	-1.1%	-6.6%
Q3 23	1.20B	-0.9%	-5.5%
Q4 23	1.19B	-0.8%	-2.8%
Q1 24	1.18B	-0.8%	-3.5%
Q2 24	1.17B	-0.8%	-3.3%
Q3 24	1.16B	-0.6%	-3.0%
Q1 25	1.27B	+9.6%	+7.1%
Q2 25	1.26B	-1.2%	+6.7%
Q3 25	1.25B	-1.0%	+6.5%
Q4 25	1.23B	-1.0%	+6.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 21	$1M	10K
Q1 22	$2M	10K
Q2 22	$2M	10K
Q3 22	$2M	10K
Q4 22	$2M	10K
Q1 23	$2M	10K
Q2 23	$1M	10K
Q3 23	$2M	10K
Q4 23	$1M	10K
Q1 24	$1M	10K
Q2 24	$1M	10K
Q3 24	$1M	10K
Q1 25	$1M	12K
Q2 25	$1M	12K
Q3 25	$1M	12K
Q4 25	$1M	10K

Revenue / Employee