Conocophillips (COP) Non-Current Deferred Tax Liability (2009 - 2026)
Conocophillips (COP) posted quarterly Non-Current Deferred Tax Liability of $12.4 billion for Q1 2026, up 7.89% year-over-year from $11.5 billion in Q1 2025, and up 1.24% quarter-over-quarter from $12.2 billion in Q4 2025.
Conocophillips (COP) Non-Current Deferred Tax Liability (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Non-Current Deferred Tax Liability for 18 consecutive years, with $12.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Non-Current Deferred Tax Liability rose 7.89% year-over-year to $12.4 billion; the TTM figure through Mar 2026 stood at $12.4 billion (up 7.89% YoY), while the FY2025 annual figure was $12.2 billion, down 22.82% from the prior year.
- Non-Current Deferred Tax Liability improved to $12.4 billion in Q1 2026 per COP's latest filing, from $12.2 billion in the prior quarter.
- Across five years, Non-Current Deferred Tax Liability topped out at $15.9 billion in Q4 2024 and bottomed at $6.6 billion in Q1 2022.
- Historically, Non-Current Deferred Tax Liability has averaged $9.6 billion across 5 years, with a median of $8.8 billion in 2023.
- Annual changes were most pronounced in 2024 — Non-Current Deferred Tax Liability soared 79.9% — and 2025, when it fell 22.82%.
- Conocophillips' Non-Current Deferred Tax Liability stood at $7.7 billion in 2022, then climbed by 14.07% to $8.8 billion in 2023, then soared by 79.9% to $15.9 billion in 2024, then dropped by 22.82% to $12.2 billion in 2025, then climbed by 1.24% to $12.4 billion in 2026.
- Business Quant data shows COP's Non-Current Deferred Tax Liability at $12.4 billion in Q1 2026, $12.2 billion in Q4 2025, and $12.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 164.11 Bn | 156.42 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 106.66 Bn | 104.77 Bn | 10.66 Bn |
| 3 | Eog Resources | 80.35 Bn | 75.44 Bn | - |
| 4 | Diamondback Energy | 59.22 Bn | 58.76 Bn | 5.55 Bn |
| 5 | Devon Energy | 46.16 Bn | 45.15 Bn | 6.02 Bn |
| 6 | Woodside Energy | 46.14 Bn | 40.20 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn |
| 8 | Eqt | 33.80 Bn | 33.69 Bn | 1.42 Bn |
| 9 | Texas Pacific Land | 26.55 Bn | 26.30 Bn | - |
| 10 | Expand Energy | 22.91 Bn | 21.64 Bn | 2.33 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 12.39 Bn |
| Jun 30, 2026 | 12.39 Bn |
| Mar 31, 2026 | 12.39 Bn |
| Mar 31, 2026 | 12.39 Bn |
| Dec 31, 2025 | 12.24 Bn |
| Dec 31, 2025 | 12.24 Bn |
| Sep 30, 2025 | 12.11 Bn |
| Sep 30, 2025 | 12.11 Bn |
| Jun 30, 2025 | 11.77 Bn |
| Jun 30, 2025 | 11.77 Bn |
| Mar 31, 2025 | 11.48 Bn |
| Mar 31, 2025 | 11.48 Bn |
| Dec 31, 2024 | 15.86 Bn |
| Dec 31, 2024 | 15.86 Bn |
| Sep 30, 2024 | 8.99 Bn |
| Sep 30, 2024 | 8.99 Bn |
| Jun 30, 2024 | 8.93 Bn |
| Jun 30, 2024 | 8.93 Bn |
| Mar 31, 2024 | 8.78 Bn |
| Mar 31, 2024 | 8.78 Bn |