Conocophillips (COP) Current Taxes (2009 - 2026)
Conocophillips (COP) posted quarterly Current Taxes of $2.1 billion for Q1 2026, down 27.06% year-over-year from $2.9 billion in Q1 2025, and up 16.02% quarter-over-quarter from $1.8 billion in Q4 2025.
Conocophillips (COP) Current Taxes (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Current Taxes for 18 consecutive years, with $2.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Current Taxes fell 27.06% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $2.1 billion (down 27.06% YoY), while the FY2025 annual figure was $1.8 billion, down 25.41% from the prior year.
- Current Taxes improved to $2.1 billion in Q1 2026 per COP's latest filing, from $1.8 billion in the prior quarter.
- Across five years, Current Taxes topped out at $3.2 billion in Q4 2022 and bottomed at $1.7 billion in Q2 2023.
- Historically, Current Taxes has averaged $2.4 billion across 5 years, with a median of $2.1 billion in 2026.
- Annual changes were most pronounced in 2022 — Current Taxes jumped 229.72% — and 2023, when it tumbled 43.28%.
- Conocophillips' Current Taxes stood at $3.2 billion in 2022, then sank by 43.28% to $1.8 billion in 2023, then surged by 35.84% to $2.5 billion in 2024, then retreated by 25.41% to $1.8 billion in 2025, then rose by 16.02% to $2.1 billion in 2026.
- Business Quant data shows COP's Current Taxes at $2.1 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.9 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.54 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 712.80 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 697.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 230.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 414.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | - |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | - |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 28.93 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.54 Bn |
| Mar 31, 2026 | 2.13 Bn |
| Dec 31, 2025 | 1.84 Bn |
| Sep 30, 2025 | 1.94 Bn |
| Jun 30, 2025 | 1.74 Bn |
| Mar 31, 2025 | 2.92 Bn |
| Dec 31, 2024 | 2.46 Bn |
| Sep 30, 2024 | 2.47 Bn |
| Jun 30, 2024 | 2.02 Bn |
| Mar 31, 2024 | 2.12 Bn |
| Dec 31, 2023 | 1.81 Bn |
| Sep 30, 2023 | 1.92 Bn |
| Jun 30, 2023 | 1.69 Bn |
| Mar 31, 2023 | 2.85 Bn |
| Dec 31, 2022 | 3.19 Bn |
| Sep 30, 2022 | 3.19 Bn |
| Jun 30, 2022 | 2.76 Bn |
| Mar 31, 2022 | 3.16 Bn |
| Dec 31, 2021 | 2.86 Bn |
| Sep 30, 2021 | 2.08 Bn |