Conocophillips (COP) Deferred Taxes (2009 - 2026)
Conocophillips (COP) posted Deferred Taxes of $47 million for Q2 2026, down 68.5% from $149 million a year earlier and down 53.9% from the prior quarter.
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Analysis
Conocophillips (COP) Deferred Taxes (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Deferred Taxes at Conocophillips was $620 million, up 165.0% year-over-year; for FY2025, it came in at $549 million, up 49.6% from FY2024.
- In prior years, Conocophillips' Deferred Taxes was $367 million in FY2024 (-67.9%), $1.15 billion in FY2023 (-45.1%), $2.09 billion in FY2022 (+55.0%) and $1.35 billion in FY2021.
- The Q2 2026 figure stands as the lowest quarterly Deferred Taxes since Q1 2025.
- On a year-over-year basis, Deferred Taxes increased in two of the last six quarters, with growth averaging 104.5%.
- The strongest year-over-year quarter for Deferred Taxes in the past five years was Q3 2025, with growth of 831.6%; the weakest was Q3 2024, with a decline of 85.6%.
- According to Business Quant data, Deferred Taxes for the three prior quarters was $102 million (Q1 2026), $117 million (Q4 2025) and $354 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn | - |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn | 298.00 Mn |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - | - |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn | 47.00 Mn |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - | - |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn | 66.00 Mn |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - | 225.55 Mn |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - | -71.00 Mn |
| 10 | Eog Resources | 73.27 Bn | 57.59 Bn | - | 346.00 Mn |
Historic Data
Download Data
Historic 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 |
API Access
Conocophillips Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "COP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();