Conocophillips (COP) Operating Income (2016 - 2026)
Conocophillips (COP) recorded quarterly Operating Income of $7.2 billion in Q1 2026, up 91.29% quarter-over-quarter from $3.8 billion in Q4 2025, and down 7.94% on a YoY basis from $7.8 billion in Q1 2025.
Conocophillips (COP) Operating Income (2016 - 2026) Analysis & Trends
Conocophillips' Operating Income history runs 11 years deep, the most recent figure standing at $7.2 billion for 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 $24.6 billion (down 18.24% YoY), while the FY2025 annual figure was $26.3 billion, down 6.75% from the prior year.
- Operating Income was $7.2 billion for Q1 2026 at Conocophillips, up from $3.8 billion in the prior quarter.
- In the past five years, Operating Income ranged from a high of $11.0 billion in Q2 2022 to a low of -$7.1 billion in Q4 2023.
- Historically, Operating Income has averaged $6.7 billion across 5 years, with a median of $7.1 billion in 2025.
- The sharpest annual moves came in 2023 and 2024: Operating Income sank 189.93% in 2023, then soared 226.91% in 2024.
- A 5-year view of Operating Income shows it stood at $7.9 billion in 2022, then sank by 189.93% to -$7.1 billion in 2023, then jumped by 226.91% to $9.1 billion in 2024, then sank by 58.44% to $3.8 billion in 2025, then surged by 91.29% to $7.2 billion in 2026.
- The last three Operating Income figures came in at $7.2 billion (Q1 2026), $3.8 billion (Q4 2025), and $6.5 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 5.68 Bn |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 7.20 Bn |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 2.60 Bn |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 3.76 Bn |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 116.00 Mn |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | 215.59 Mn |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 2.04 Bn |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 266.77 Mn |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | -27.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.20 Bn |
| Dec 31, 2025 | 3.77 Bn |
| Sep 30, 2025 | 6.54 Bn |
| Jun 30, 2025 | 7.08 Bn |
| Mar 31, 2025 | 7.82 Bn |
| Dec 31, 2024 | 9.06 Bn |
| Sep 30, 2024 | 6.60 Bn |
| Jun 30, 2024 | 6.60 Bn |
| Mar 31, 2024 | 6.50 Bn |
| Dec 31, 2023 | -7.14 Bn |
| Sep 30, 2023 | 7.33 Bn |
| Jun 30, 2023 | 6.38 Bn |
| Mar 31, 2023 | 6.89 Bn |
| Dec 31, 2022 | 7.94 Bn |
| Sep 30, 2022 | 9.96 Bn |
| Jun 30, 2022 | 11.01 Bn |
| Mar 31, 2022 | 10.96 Bn |
| Dec 31, 2021 | 7.08 Bn |
| Sep 30, 2021 | 6.05 Bn |
| Jun 30, 2021 | 5.83 Bn |