Conocophillips (COP) Free Cash Flow (2009 - 2026)
Conocophillips' (COP) quarterly Free Cash Flow came in at $4.4 billion in Q2 2026, up 2116.08% year-over-year from $199.0 million in Q2 2025, and up 227.39% quarter-over-quarter from $1.3 billion in Q1 2026.
Analysis
Conocophillips (COP) Free Cash Flow (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Free Cash Flow for 18 consecutive years, with $4.4 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Free Cash Flow rose 2116.08% year-over-year to $4.4 billion in Q2 2026; TTM through Jun 2026 was $10.1 billion, a 45.37% increase from a year earlier, with the FY2025 full-year figure at $7.2 billion, down 9.53% from the prior year.
- Free Cash Flow was $4.4 billion for Q2 2026 at Conocophillips, up from $1.3 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $6.2 billion in Q3 2022 and troughed at $199.0 million in Q2 2025.
- A 5-year average of $2.7 billion and a median of $2.4 billion in 2023 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow plunged 89.79% in 2025 and soared 2116.08% in 2026, its largest moves.
- Over 5 years, Free Cash Flow stood at $4.1 billion in 2022, then tumbled by 41.36% to $2.4 billion in 2023, then sank by 52.1% to $1.1 billion in 2024, then increased by 13.6% to $1.3 billion in 2025, then soared by 240.54% to $4.4 billion in 2026.
- The last three Free Cash Flow figures came in at $4.4 billion (Q2 2026), $1.3 billion (Q1 2026), and $1.3 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 165.25 Bn | 157.56 Bn | 12.81 Bn | 4.41 Bn |
| 2 | Canadian Natural Resources | 105.04 Bn | 103.15 Bn | 8.84 Bn | 6.65 Bn |
| 3 | Eog Resources | 77.79 Bn | 72.88 Bn | - | 3.03 Bn |
| 4 | Diamondback Energy | 57.62 Bn | 57.16 Bn | 5.55 Bn | 2.59 Bn |
| 5 | Devon Energy | 46.50 Bn | 45.49 Bn | 6.02 Bn | 2.36 Bn |
| 6 | Expand Energy | 22.24 Bn | 20.97 Bn | 2.33 Bn | 343.00 Mn |
| 7 | Permian Resources | 19.88 Bn | 19.62 Bn | - | 984.25 Mn |
| 8 | Ovintiv | 18.21 Bn | 17.33 Bn | 2.83 Bn | 1.06 Bn |
| 9 | Apa | 15.83 Bn | 15.39 Bn | 2.28 Bn | 1.14 Bn |
| 10 | Antero Resources | 11.76 Bn | 11.19 Bn | 1.56 Bn | 131.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.41 Bn |
| Mar 31, 2026 | 1.35 Bn |
| Dec 31, 2025 | 1.30 Bn |
| Sep 30, 2025 | 3.01 Bn |
| Jun 30, 2025 | 199.00 Mn |
| Mar 31, 2025 | 2.74 Bn |
| Dec 31, 2024 | 1.14 Bn |
| Sep 30, 2024 | 2.85 Bn |
| Jun 30, 2024 | 1.95 Bn |
| Mar 31, 2024 | 2.07 Bn |
| Dec 31, 2023 | 2.38 Bn |
| Sep 30, 2023 | 2.90 Bn |
| Jun 30, 2023 | 931.00 Mn |
| Mar 31, 2023 | 2.51 Bn |
| Dec 31, 2022 | 4.06 Bn |
| Sep 30, 2022 | 6.24 Bn |
| Jun 30, 2022 | 5.95 Bn |
| Mar 31, 2022 | 1.91 Bn |
| Dec 31, 2021 | 4.31 Bn |
| Sep 30, 2021 | 3.50 Bn |