Conocophillips (COP) Gross Margin (2017 - 2026)
Conocophillips (COP) posted Gross Margin of 65.62% for Q2 2026, up 0.12 percentage points from 65.50% a year earlier and up 4.75 percentage points from the prior quarter.
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Analysis
Conocophillips (COP) Gross Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Gross Margin at Conocophillips was 63.16%, down 1.79 percentage points year-over-year; for FY2025, it was 63.73%, down 1.13 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +5.68 percentage points (FY2020 to FY2025).
- In prior years, Conocophillips' Gross Margin was 64.86% in FY2024 (+2.38 pp), 62.48% in FY2023 (+3.83 pp), 58.65% in FY2022 (-3.79 pp) and 62.44% in FY2021 (+4.39 pp).
- The Q2 2026 figure stands as the highest quarterly Gross Margin since Q2 2024.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -0.29 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2023, with a gain of 8.25 percentage points; the weakest was Q2 2022, with a drop of 12.63 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 60.86% (Q1 2026), 63.38% (Q4 2025) and 62.27% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 743.35 Bn | 699.83 Bn | - | - |
| 2 | Chevron | 442.41 Bn | 414.53 Bn | 33.45 Bn | 47.75% |
| 3 | Shell | 311.09 Bn | 240.84 Bn | 30.13 Bn | 31.83% |
| 4 | TotalEnergies SE | 198.56 Bn | 79.15 Bn | 61.77 Bn | 100.00% |
| 5 | Conocophillips | 176.51 Bn | 149.22 Bn | 12.81 Bn | 65.62% |
| 6 | Equinor Asa | 119.04 Bn | 33.50 Bn | - | - |
| 7 | Phillips 66 | 115.76 Bn | 103.55 Bn | 8.38 Bn | 16.10% |
| 8 | Canadian Natural Resources | 113.76 Bn | 110.76 Bn | 8.84 Bn | 82.99% |
| 9 | Suncor Energy | 95.40 Bn | 81.15 Bn | - | - |
| 10 | Eni Spa | 89.53 Bn | 34.09 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.62% |
| Mar 31, 2026 | 60.86% |
| Dec 31, 2025 | 63.38% |
| Sep 30, 2025 | 62.27% |
| Jun 30, 2025 | 65.50% |
| Mar 31, 2025 | 63.81% |
| Dec 31, 2024 | 65.58% |
| Sep 30, 2024 | 65.11% |
| Jun 30, 2024 | 65.63% |
| Mar 31, 2024 | 63.15% |
| Dec 31, 2023 | 62.91% |
| Sep 30, 2023 | 62.71% |
| Jun 30, 2023 | 64.17% |
| Mar 31, 2023 | 60.44% |
| Dec 31, 2022 | 54.65% |
| Sep 30, 2022 | 57.20% |
| Jun 30, 2022 | 58.01% |
| Mar 31, 2022 | 65.00% |
| Dec 31, 2021 | 59.29% |
| Sep 30, 2021 | 64.02% |
API Access
Conocophillips Gross Margin 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=gross-margin&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();