Conocophillips (COP) Tax Provisions (2009 - 2026)
Conocophillips (COP) posted quarterly Tax Provisions of $1.2 billion for Q1 2026, down 27.03% year-over-year from $1.6 billion in Q1 2025, and up 46.95% quarter-over-quarter from $803.0 million in Q4 2025.
Conocophillips (COP) Tax Provisions (2009 - 2026) Analysis & Trends
Conocophillips (COP) has reported Tax Provisions for 18 consecutive years, with $1.2 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 27.03% year-over-year to $1.2 billion; the TTM figure through Mar 2026 stood at $4.2 billion (up 13.46% YoY), while the FY2025 annual figure was $4.7 billion, up 5.44% from the prior year.
- Tax Provisions advanced to $1.2 billion in Q1 2026 per COP's latest filing, from $803.0 million in the prior quarter.
- Across five years, Tax Provisions topped out at $2.9 billion in Q3 2022 and bottomed at -$394.0 million in Q4 2024.
- Historically, Tax Provisions has averaged $1.4 billion across 5 years, with a median of $1.3 billion in 2023.
- Annual changes were most pronounced in 2024 — Tax Provisions slumped 131.34% — and 2025, when it soared 303.81%.
- Conocophillips' Tax Provisions stood at $2.0 billion in 2022, then tumbled by 36.71% to $1.3 billion in 2023, then plunged by 131.34% to -$394.0 million in 2024, then jumped by 303.81% to $803.0 million in 2025, then soared by 46.95% to $1.2 billion in 2026.
- Business Quant data shows COP's Tax Provisions at $1.2 billion in Q1 2026, $803.0 million in Q4 2025, and $1.2 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.55 Bn | 155.86 Bn | 12.81 Bn | 2.15 Bn |
| 2 | Canadian Natural Resources | 106.27 Bn | 104.37 Bn | 10.66 Bn | 775.70 Mn |
| 3 | Eog Resources | 80.09 Bn | 75.19 Bn | - | 775.00 Mn |
| 4 | Diamondback Energy | 59.30 Bn | 58.83 Bn | 5.55 Bn | 580.00 Mn |
| 5 | Devon Energy | 46.23 Bn | 45.22 Bn | 6.02 Bn | 473.00 Mn |
| 6 | Woodside Energy | 45.77 Bn | 39.83 Bn | 6.02 Bn | - |
| 7 | Occidental Petroleum | 39.39 Bn | 35.24 Bn | 7.73 Bn | 915.00 Mn |
| 8 | Eqt | 33.71 Bn | 33.60 Bn | 1.42 Bn | 84.93 Mn |
| 9 | Texas Pacific Land | 25.43 Bn | 25.18 Bn | - | 39.77 Mn |
| 10 | Expand Energy | 22.90 Bn | 21.63 Bn | 2.33 Bn | 150.00 Mn |
Historic Data
Download 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 | -394.00 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 |