Conocophillips (COP) Net Margin (2009 - 2026)
Conocophillips' (COP) quarterly Net Margin came in at 13.85% in Q1 2026, down 340.0% year-on-year from 5.77% in Q1 2025, and up 11.24% on a QoQ basis from 12.45% in Q4 2025.
Conocophillips (COP) Net Margin (2009 - 2026) Analysis & Trends
Conocophillips (COP) has 17 years of Net Margin data on file, last reported at 13.85% in Q1 2026.
- On a quarterly basis, Net Margin fell 340.0% year-over-year to 13.85% in Q1 2026; TTM through Mar 2026 was 12.71%, a 614.0% decrease from a year earlier, with the FY2025 full-year figure at 13.55%, down 334.0% from the prior year.
- Net Margin for Q1 2026 stood at 13.85%, up from 12.45% in the prior quarter.
- Over the last five years, Net Margin for COP reached as high as 525.7% in Q4 2023 and fell as low as 11.12% in Q3 2025.
- Historically, Net Margin has averaged 48.5% across 5 years, with a median of 18.42% in 2024.
- Across the five-year window, Net Margin soared 50487 bps in 2023 and sank 49885 bps in 2024, its largest moves.
- Year by year, Net Margin stood at 20.83% in 2022, then surged by 2424 bps to 525.7% in 2023, then slumped by 95 bps to 26.85% in 2024, then slumped by 54 bps to 12.45% in 2025, then rose by 11 bps to 13.85% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 13.85% in Q1 2026, 12.45% in Q4 2025, and 11.12% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 141.43 Bn | 135.06 Bn | 9.48 Bn | 13.85% |
| 2 | Eog Resources | 74.61 Bn | 70.76 Bn | - | 28.61% |
| 3 | Diamondback Energy | 55.39 Bn | 55.39 Bn | 4.22 Bn | 3.40% |
| 4 | Woodside Energy | 41.28 Bn | 35.34 Bn | 2.71 Bn | 26.39% |
| 5 | Occidental Petroleum | 32.80 Bn | 28.99 Bn | 4.87 Bn | 60.71% |
| 6 | Eqt | 32.48 Bn | 32.37 Bn | 1.42 Bn | 15.55% |
| 7 | Texas Pacific Land | 27.36 Bn | 27.11 Bn | - | 60.34% |
| 8 | Devon Energy | 26.53 Bn | 24.72 Bn | 3.61 Bn | 4.79% |
| 9 | Expand Energy | 21.67 Bn | 19.37 Bn | 4.21 Bn | 26.36% |
| 10 | Ovintiv | 16.84 Bn | 15.96 Bn | 2.83 Bn | 15.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.85% |
| Dec 31, 2025 | 12.45% |
| Sep 30, 2025 | 11.12% |
| Jun 30, 2025 | 13.37% |
| Mar 31, 2025 | 17.25% |
| Dec 31, 2024 | 26.85% |
| Sep 30, 2024 | 15.79% |
| Jun 30, 2024 | 16.48% |
| Mar 31, 2024 | 18.42% |
| Dec 31, 2023 | 525.70% |
| Sep 30, 2023 | 18.82% |
| Jun 30, 2023 | 18.07% |
| Mar 31, 2023 | 19.72% |
| Dec 31, 2022 | 20.83% |
| Sep 30, 2022 | 21.54% |
| Jun 30, 2022 | 24.31% |
| Mar 31, 2022 | 29.85% |
| Dec 31, 2021 | 17.37% |
| Sep 30, 2021 | 20.48% |
| Jun 30, 2021 | 21.88% |