Conocophillips (COP) Current Taxes (2009 - 2026)
Conocophillips (COP) recorded quarterly Current Taxes of $2.1 billion in Q1 2026, up 16.02% quarter-over-quarter from $1.8 billion in Q4 2025, and down 27.06% on a YoY basis from $2.9 billion in Q1 2025.
Conocophillips (COP) Current Taxes (2009 - 2026) Analysis & Trends
Conocophillips' Current Taxes history runs 18 years deep, the most recent figure standing at $2.1 billion for 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 was $2.1 billion for Q1 2026 at Conocophillips, up from $1.8 billion in the prior quarter.
- In the past five years, Current Taxes ranged from a high of $3.2 billion in Q4 2022 to a low of $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.
- The sharpest annual moves came in 2022 and 2023: Current Taxes surged 229.72% in 2022, then plunged 43.28% in 2023.
- A 5-year view of Current Taxes shows it stood at $3.2 billion in 2022, then slumped by 43.28% to $1.8 billion in 2023, then soared by 35.84% to $2.5 billion in 2024, then decreased by 25.41% to $1.8 billion in 2025, then gained by 16.02% to $2.1 billion in 2026.
- The last three Current Taxes figures came in at $2.1 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | 539.00 Mn |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 352.94 Mn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 2.13 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 766.00 Mn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | - |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 517.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 96.08 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | - |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 21.97 Mn |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | - |
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 |