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
DateValue
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