Conocophillips (COP) Net Margin (2009 - 2026)
Conocophillips (COP) posted quarterly Net Margin of 13.85% for Q1 2026, down 340.0% year-over-year from 5.77% in Q1 2025, and up 11.24% quarter-over-quarter from 12.45% in Q4 2025.
Conocophillips (COP) Net Margin (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Net Margin for 17 consecutive years, with 13.85% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 340.0% year-over-year to 13.85%; the TTM figure through Mar 2026 stood at 12.71% (down 614.0% YoY), while the FY2025 annual figure was 13.55%, down 334.0% from the prior year.
- Net Margin improved to 13.85% in Q1 2026 per COP's latest filing, from 12.45% in the prior quarter.
- Across five years, Net Margin topped out at 525.7% in Q4 2023 and bottomed at 11.12% in Q3 2025.
- Historically, Net Margin has averaged 48.5% across 5 years, with a median of 18.42% in 2024.
- Annual changes were most pronounced in 2023 — Net Margin surged 50487 bps — and 2024, when it tumbled 49885 bps.
- Conocophillips' Net Margin stood at 20.83% in 2022, then soared 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 grew by 11 bps to 13.85% in 2026.
- Business Quant data shows COP's Net Margin at 13.85% in Q1 2026, 12.45% in Q4 2025, and 11.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 20.14% |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 0.01% |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 31.60% |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 36.95% |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 22.14% |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 32.93% |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 34.80% |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 15.55% |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 62.56% |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 17.64% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.14% |
| 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% |