Conocophillips (COP) Net Margin (2009 - 2026)
Conocophillips' (COP) quarterly Net Margin came in at 20.14% in Q2 2026, up 676.0% year-over-year from 2.59% in Q2 2025, and up 48.08% quarter-over-quarter from 13.6% in Q1 2026.
Analysis
Conocophillips (COP) Net Margin (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Net Margin for 18 consecutive years, with 20.14% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin rose 676.0% year-over-year to 20.14% in Q2 2026; TTM through Jun 2026 was 14.22%, a 280.0% decrease from a year earlier, with the FY2025 full-year figure at 12.98%, down 325.0% from the prior year.
- Net Margin was 20.14% for Q2 2026 at Conocophillips, up from 13.6% in the prior quarter.
- Over five years, Net Margin peaked at 525.7% in Q4 2023 and troughed at 10.17% in Q4 2025.
- A 5-year average of 46.05% and a median of 17.47% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 50883 bps in 2023 and plunged 50287 bps in 2024, its largest moves.
- Over 5 years, Net Margin stood at 16.87% in 2022, then jumped by 3017 bps to 525.7% in 2023, then sank by 96 bps to 22.83% in 2024, then sank by 55 bps to 10.17% in 2025, then jumped by 98 bps to 20.14% in 2026.
- The last three Net Margin figures came in at 20.14% (Q2 2026), 13.6% (Q1 2026), and 10.17% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 164.50 Bn | 156.80 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 106.65 Bn | 104.76 Bn | 8.84 Bn | 32.66% |
| 3 | Eog Resources | 76.64 Bn | 71.73 Bn | - | 31.60% |
| 4 | Diamondback Energy | 56.86 Bn | 56.40 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 45.77 Bn | 44.76 Bn | 6.02 Bn | 22.14% |
| 6 | Expand Energy | 22.66 Bn | 21.39 Bn | 2.33 Bn | 17.64% |
| 7 | Permian Resources | 19.70 Bn | 19.44 Bn | - | 42.65% |
| 8 | Ovintiv | 17.81 Bn | 16.93 Bn | 2.83 Bn | 15.13% |
| 9 | Apa | 15.70 Bn | 15.26 Bn | 2.28 Bn | 31.14% |
| 10 | Antero Resources | 11.93 Bn | 11.36 Bn | 1.56 Bn | 17.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.14% |
| Mar 31, 2026 | 13.60% |
| Dec 31, 2025 | 10.17% |
| Sep 30, 2025 | 11.12% |
| Jun 30, 2025 | 13.37% |
| Mar 31, 2025 | 16.66% |
| Dec 31, 2024 | 22.83% |
| Sep 30, 2024 | 15.14% |
| Jun 30, 2024 | 16.48% |
| Mar 31, 2024 | 17.62% |
| Dec 31, 2023 | 525.70% |
| Sep 30, 2023 | 18.82% |
| Jun 30, 2023 | 17.32% |
| Mar 31, 2023 | 18.82% |
| Dec 31, 2022 | 16.87% |
| Sep 30, 2022 | 20.94% |
| Jun 30, 2022 | 23.40% |
| Mar 31, 2022 | 29.85% |
| Dec 31, 2021 | 16.46% |
| Sep 30, 2021 | 20.48% |