Conocophillips (COP) FCF Margin (2009 - 2026)
Conocophillips (COP) posted quarterly FCF Margin of 8.55% for Q1 2026, down 802.0% year-over-year from 1.22% in Q1 2025, and down 23.57% quarter-over-quarter from 11.18% in Q4 2025.
Conocophillips (COP) FCF Margin (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported FCF Margin for 18 consecutive years, with 8.55% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 802.0% year-over-year to 8.55%; the TTM figure through Mar 2026 stood at 10.16% (down 527.0% YoY), while the FY2025 annual figure was 12.29%, down 234.0% from the prior year.
- FCF Margin retreated to 8.55% in Q1 2026 per COP's latest filing, from 11.18% in the prior quarter.
- Across five years, FCF Margin topped out at 416.08% in Q4 2023 and bottomed at 44.37% in Q4 2022.
- Historically, FCF Margin has averaged 38.13% across 5 years, with a median of 14.94% in 2024.
- Annual changes were most pronounced in 2023 — FCF Margin soared 46045 bps — and 2024, when it tumbled 40699 bps.
- Conocophillips' FCF Margin stood at 44.37% in 2022, then soared by 1038 bps to 416.08% in 2023, then sank by 98 bps to 9.1% in 2024, then increased by 23 bps to 11.18% in 2025, then retreated by 24 bps to 8.55% in 2026.
- Business Quant data shows COP's FCF Margin at 8.55% in Q1 2026, 11.18% in Q4 2025, and 19.4% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.48 Bn | 156.79 Bn | 12.81 Bn | 22.59% |
| 2 | Canadian Natural Resources | 107.09 Bn | 105.19 Bn | 10.66 Bn | 13.83% |
| 3 | Eog Resources | 80.14 Bn | 75.23 Bn | - | 35.16% |
| 4 | Diamondback Energy | 59.25 Bn | 58.79 Bn | 5.55 Bn | 46.62% |
| 5 | Woodside Energy | 46.19 Bn | 40.25 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 45.98 Bn | 44.97 Bn | 6.02 Bn | 31.76% |
| 7 | Occidental Petroleum | 39.32 Bn | 35.17 Bn | 7.73 Bn | 43.36% |
| 8 | Eqt | 33.81 Bn | 33.70 Bn | 1.42 Bn | 21.98% |
| 9 | Texas Pacific Land | 26.29 Bn | 26.04 Bn | - | 28.47% |
| 10 | Expand Energy | 22.91 Bn | 21.65 Bn | 2.33 Bn | 11.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.59% |
| Mar 31, 2026 | 8.55% |
| Dec 31, 2025 | 11.18% |
| Sep 30, 2025 | 19.40% |
| Jun 30, 2025 | 1.35% |
| Mar 31, 2025 | 16.57% |
| Dec 31, 2024 | 9.10% |
| Sep 30, 2024 | 21.83% |
| Jun 30, 2024 | 13.79% |
| Mar 31, 2024 | 14.94% |
| Dec 31, 2023 | 416.08% |
| Sep 30, 2023 | 19.51% |
| Jun 30, 2023 | -17.44% |
| Mar 31, 2023 | 37.75% |
| Dec 31, 2022 | -44.37% |
| Sep 30, 2022 | 81.96% |
| Jun 30, 2022 | 28.10% |
| Mar 31, 2022 | 9.89% |
| Dec 31, 2021 | 28.51% |
| Sep 30, 2021 | 30.09% |