Conocophillips (COP) Deferred Taxes (2009 - 2026)
Conocophillips (COP) posted quarterly Deferred Taxes of $102.0 million for Q1 2026, up 243.66% year-over-year from $29.7 million in Q1 2025, and down 12.82% quarter-over-quarter from $117.0 million in Q4 2025.
Conocophillips (COP) Deferred Taxes (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Deferred Taxes for 18 consecutive years, with $102.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Deferred Taxes rose 243.66% year-over-year to $102.0 million; the TTM figure through Mar 2026 stood at $722.0 million (up 245.45% YoY), while the FY2025 annual figure was $549.0 million, up 49.59% from the prior year.
- Deferred Taxes eased to $102.0 million in Q1 2026 per COP's latest filing, from $117.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $726.0 million in Q3 2022 and bottomed at -$71.0 million in Q1 2025.
- Historically, Deferred Taxes has averaged $249.9 million across 5 years, with a median of $165.0 million in 2023.
- On a YoY basis, Deferred Taxes climbed as much as 831.58% in 2025 and fell as far as 181.61% in 2025.
- Conocophillips' Deferred Taxes stood at $492.0 million in 2022, then slipped by 20.33% to $392.0 million in 2023, then plunged by 69.9% to $118.0 million in 2024, then slipped by 0.85% to $117.0 million in 2025, then fell by 12.82% to $102.0 million in 2026.
- Business Quant data shows COP's Deferred Taxes at $102.0 million in Q1 2026, $117.0 million in Q4 2025, and $354.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 47.00 Mn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 225.55 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 346.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 36.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 95.00 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 | 707.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 81.22 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | -1.61 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 146.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 47.00 Mn |
| Mar 31, 2026 | 102.00 Mn |
| Dec 31, 2025 | 117.00 Mn |
| Sep 30, 2025 | 354.00 Mn |
| Jun 30, 2025 | 149.00 Mn |
| Mar 31, 2025 | -71.00 Mn |
| Dec 31, 2024 | 118.00 Mn |
| Sep 30, 2024 | 38.00 Mn |
| Jun 30, 2024 | 124.00 Mn |
| Mar 31, 2024 | 87.00 Mn |
| Dec 31, 2023 | 392.00 Mn |
| Sep 30, 2023 | 264.00 Mn |
| Jun 30, 2023 | 165.00 Mn |
| Mar 31, 2023 | 324.00 Mn |
| Dec 31, 2022 | 492.00 Mn |
| Sep 30, 2022 | 726.00 Mn |
| Jun 30, 2022 | 495.00 Mn |
| Mar 31, 2022 | 373.00 Mn |
| Dec 31, 2021 | 451.00 Mn |
| Sep 30, 2021 | 328.00 Mn |