Conocophillips (COP) Tax Provisions (2009 - 2026)
Conocophillips (COP) reported Tax Provisions of $2.15 billion for Q2 2026, up 105.6% from $1.05 billion a year earlier and up 82.3% from the prior quarter.
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Analysis
Conocophillips (COP) Tax Provisions (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Conocophillips' Tax Provisions came in at $5.34 billion, up 18.5% year-over-year; for FY2025, it came in at $4.67 billion, up 5.4% from FY2024.
- By year, Tax Provisions came in at $4.43 billion in FY2024 (-17.0%), $5.33 billion in FY2023 (-44.2%), $9.55 billion in FY2022 (+106.1%) and $4.63 billion in FY2021.
- The Q2 2026 figure ranks as the highest quarterly Tax Provisions since Q3 2022.
- Year over year, Tax Provisions gained in four of the last eight quarters, with growth averaging 6.5%.
- The high point for year-over-year Tax Provisions in five years was Q1 2022 (growth of 192.2%); the low point was Q3 2023 (a decline of 55.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.18 billion (Q1 2026), $803 million (Q4 2025) and $1.2 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 548.90 Bn | 459.45 Bn | 30.13 Bn | 4.95 Bn |
| 2 | Chevron | 407.58 Bn | 385.38 Bn | 33.45 Bn | 4.50 Bn |
| 3 | TotalEnergies SE | 199.37 Bn | 82.49 Bn | - | -3.15 Bn |
| 4 | Eni Spa | 174.90 Bn | 124.42 Bn | - | -1.53 Bn |
| 5 | Conocophillips | 151.32 Bn | 124.03 Bn | 12.81 Bn | 2.15 Bn |
| 6 | Equinor Asa | 105.71 Bn | 51.77 Bn | - | -8.19 Bn |
| 7 | Phillips 66 | 101.18 Bn | 90.17 Bn | 8.38 Bn | 1.09 Bn |
| 8 | Canadian Natural Resources | 99.04 Bn | 95.99 Bn | - | 775.70 Mn |
| 9 | Suncor Energy | 82.08 Bn | 67.87 Bn | - | -1.32 Bn |
| 10 | Eog Resources | 73.77 Bn | 58.09 Bn | - | 775.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.15 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 803.00 Mn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.05 Bn |
| Mar 31, 2025 | 1.62 Bn |
| Dec 31, 2024 | 664.00 Mn |
| Sep 30, 2024 | 1.18 Bn |
| Jun 30, 2024 | 1.33 Bn |
| Mar 31, 2024 | 1.26 Bn |
| Dec 31, 2023 | 1.26 Bn |
| Sep 30, 2023 | 1.30 Bn |
| Jun 30, 2023 | 1.13 Bn |
| Mar 31, 2023 | 1.64 Bn |
| Dec 31, 2022 | 1.99 Bn |
| Sep 30, 2022 | 2.91 Bn |
| Jun 30, 2022 | 2.51 Bn |
| Mar 31, 2022 | 2.14 Bn |
| Dec 31, 2021 | 1.71 Bn |
| Sep 30, 2021 | 1.20 Bn |
API Access
Conocophillips Tax Provisions API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-provisions&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "ticker": "COP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-provisions&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();