Conocophillips (COP) Current Taxes (2009 - 2026)
Conocophillips' (COP) quarterly Current Taxes came in at $2.1 billion in Q1 2026, down 27.06% year-on-year from $2.9 billion in Q1 2025, and up 16.02% on a QoQ basis from $1.8 billion in Q4 2025.
Conocophillips (COP) Current Taxes (2009 - 2026) Analysis & Trends
Conocophillips (COP) has 18 years of Current Taxes data on file, last reported at $2.1 billion in Q1 2026.
- On a quarterly basis, Current Taxes fell 27.06% year-over-year to $2.1 billion in Q1 2026; TTM through Mar 2026 was $2.1 billion, a 27.06% decrease from a year earlier, with the FY2025 full-year figure at $1.8 billion, down 25.41% from the prior year.
- Current Taxes for Q1 2026 stood at $2.1 billion, up from $1.8 billion in the prior quarter.
- Over the last five years, Current Taxes for COP reached as high as $3.2 billion in Q4 2022 and fell as low as $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.
- Across the five-year window, Current Taxes surged 229.72% in 2022 and sank 43.28% in 2023, its largest moves.
- Year by year, Current Taxes stood at $3.2 billion in 2022, then sank by 43.28% to $1.8 billion in 2023, then jumped by 35.84% to $2.5 billion in 2024, then slipped by 25.41% to $1.8 billion in 2025, then advanced by 16.02% to $2.1 billion in 2026.
- Per Business Quant data, the three most recent Current Taxes figures were $2.1 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.9 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 2.13 Bn |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 766.00 Mn |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 517.00 Mn |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 539.00 Mn |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | - |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | - |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 37.27 Mn |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | - |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | - |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 2.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.41 Bn |