Conocophillips (COP) Tax Rate (2009 - 2026)
Conocophillips (COP) recorded quarterly Tax Rate of 35.09% in Q1 2026, down 1.9% quarter-over-quarter from 35.77% in Q4 2025, and down 112.0% on a YoY basis from 292.4% in Q1 2025.
Conocophillips (COP) Tax Rate (2009 - 2026) Analysis & Trends
Conocophillips' Tax Rate history runs 18 years deep, the most recent figure standing at 35.09% for Q1 2026.
- In Q1 2026, Tax Rate fell 112.0% year-over-year to 35.09%; the TTM figure through Mar 2026 stood at 36.62% (up 1060.0% YoY), while the FY2025 annual figure was 36.88%, up 450.0% from the prior year.
- Tax Rate was 35.09% for Q1 2026 at Conocophillips, down from 35.77% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 41.05% in Q3 2025 to a low of 13.27% in Q4 2024.
- Historically, Tax Rate has averaged 31.94% across 5 years, with a median of 35.09% in 2026.
- The sharpest annual moves came in 2024 and 2025: Tax Rate tumbled 4275 bps in 2024, then jumped 4903 bps in 2025.
- A 5-year view of Tax Rate shows it stood at 37.94% in 2022, then slipped by 22 bps to 29.48% in 2023, then slumped by 145 bps to 13.27% in 2024, then soared by 370 bps to 35.77% in 2025, then dropped by 2 bps to 35.09% in 2026.
- The last three Tax Rate figures came in at 35.09% (Q1 2026), 35.77% (Q4 2025), and 41.05% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Woodside Energy | 630.08 Bn | 624.14 Bn | - | - |
| 2 | Canadian Natural Resources | 388.31 Bn | 388.31 Bn | 6.72 Bn | 32.08% |
| 3 | Conocophillips | 142.98 Bn | 136.61 Bn | 9.48 Bn | 35.09% |
| 4 | Eog Resources | 72.93 Bn | 69.08 Bn | - | 22.50% |
| 5 | Occidental Petroleum | 55.91 Bn | 52.73 Bn | 4.87 Bn | 39.49% |
| 6 | Diamondback Energy | 54.95 Bn | 61.11 Bn | 4.22 Bn | 18.18% |
| 7 | Vista Energy, S.A.B. de C.V | 35.18 Bn | 34.56 Bn | 472.36 Mn | -24.95% |
| 8 | Eqt | 32.94 Bn | 36.28 Bn | 2.98 Bn | 21.81% |
| 9 | Vermilion Energy | 31.24 Bn | 31.05 Bn | 370.10 Mn | 41.73% |
| 10 | Devon Energy | 27.08 Bn | 27.08 Bn | 3.61 Bn | 143.51% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.09% |
| Mar 31, 2026 | 35.09% |
| Dec 31, 2025 | 35.77% |
| Dec 31, 2025 | 35.77% |
| Sep 30, 2025 | 41.05% |
| Sep 30, 2025 | 41.05% |
| Jun 30, 2025 | 34.67% |
| Jun 30, 2025 | 34.67% |
| Mar 31, 2025 | 36.21% |
| Mar 31, 2025 | 36.21% |
| Dec 31, 2024 | -13.27% |
| Dec 31, 2024 | -13.27% |
| Sep 30, 2024 | 36.35% |
| Sep 30, 2024 | 36.35% |
| Jun 30, 2024 | 36.35% |
| Jun 30, 2024 | 36.35% |
| Mar 31, 2024 | 33.01% |
| Mar 31, 2024 | 33.01% |
| Dec 31, 2023 | 29.48% |
| Dec 31, 2023 | 29.48% |