Conocophillips (COP) Operating Income (2017 - 2026)
Conocophillips (COP) posted quarterly Operating Income of $7.2 billion for Q1 2026, down 7.94% year-over-year from $7.8 billion in Q1 2025, and up 91.29% quarter-over-quarter from $3.8 billion in Q4 2025.
Conocophillips (COP) Operating Income (2017 - 2026) Analysis & Trends
Conocophillips (COP) has reported Operating Income for 10 consecutive years, with $7.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Income fell 7.94% year-over-year to $7.2 billion; the TTM figure through Mar 2026 stood at $25.1 billion (down 3.95% YoY), while the FY2025 annual figure was $26.3 billion, up 1.18% from the prior year.
- Operating Income climbed to $7.2 billion in Q1 2026 per COP's latest filing, from $3.8 billion in the prior quarter.
- Across five years, Operating Income topped out at $11.0 billion in Q1 2022 and bottomed at -$7.1 billion in Q4 2023.
- Historically, Operating Income has averaged $6.3 billion across 5 years, with a median of $7.0 billion in 2025.
- Annual changes were most pronounced in 2022 — Operating Income jumped 176.74% — and 2023, when it plunged 243.35%.
- Conocophillips' Operating Income stood at $5.0 billion in 2022, then slumped by 243.35% to -$7.1 billion in 2023, then surged by 172.07% to $5.1 billion in 2024, then decreased by 26.82% to $3.8 billion in 2025, then jumped by 91.29% to $7.2 billion in 2026.
- Business Quant data shows COP's Operating Income at $7.2 billion in Q1 2026, $3.8 billion in Q4 2025, and $7.0 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 10.38 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 10.54 Bn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 3.53 Bn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 2.51 Bn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 2.38 Bn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | 6.02 Bn |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 3.19 Bn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 394.04 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 191.82 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 661.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.38 Bn |
| Mar 31, 2026 | 7.20 Bn |
| Dec 31, 2025 | 3.77 Bn |
| Sep 30, 2025 | 7.03 Bn |
| Jun 30, 2025 | 7.08 Bn |
| Mar 31, 2025 | 7.82 Bn |
| Dec 31, 2024 | 5.15 Bn |
| Sep 30, 2024 | 6.03 Bn |
| Jun 30, 2024 | 7.11 Bn |
| Mar 31, 2024 | 6.50 Bn |
| Dec 31, 2023 | -7.14 Bn |
| Sep 30, 2023 | 7.33 Bn |
| Jun 30, 2023 | 5.85 Bn |
| Mar 31, 2023 | 6.89 Bn |
| Dec 31, 2022 | 4.98 Bn |
| Sep 30, 2022 | 9.96 Bn |
| Jun 30, 2022 | 10.19 Bn |
| Mar 31, 2022 | 10.96 Bn |
| Dec 31, 2021 | 7.08 Bn |
| Sep 30, 2021 | 6.05 Bn |