Conocophillips (COP) Tax Rate (2009 - 2026)
Conocophillips' Tax Rate was 35.37% in Q2 2026, up 0.70 percentage points from 34.67% a year earlier and up 0.28 percentage points from the prior quarter.
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Analysis
Conocophillips (COP) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Conocophillips' Tax Rate was 36.50% through Jun 30, 2026, up 3.61 percentage points year-over-year; for FY2025, it was 36.88%, up 4.50 percentage points from FY2024.
- Tax Rate shows a five-year change of +21.44 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 32.38% in FY2024 (-0.35 pp), 32.73% in FY2023 (-1.09 pp), 33.82% in FY2022 (-2.62 pp) and 36.45% in FY2021 (+21.00 pp).
- Quarterly Tax Rate has moved between 22.36% (Q4 2024) and 41.05% (Q3 2025) over five years.
- Compared with a year earlier, Tax Rate was higher in five of the last eight quarters, with an average year-over-year change of +2.09 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q3 2021 (a gain of 21.48 percentage points); the worst was Q1 2022 (a drop of 15.62 percentage points).
- Per Business Quant data, COP's Tax Rate in the three quarters before Q2 2026 was 35.09% (Q1 2026), 35.77% (Q4 2025) and 41.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 742.51 Bn | 698.99 Bn | - | 23.39% |
| 2 | Chevron | 445.06 Bn | 417.18 Bn | 33.45 Bn | 26.95% |
| 3 | Shell | 310.78 Bn | 240.53 Bn | 30.13 Bn | 31.41% |
| 4 | TotalEnergies SE | 197.34 Bn | 77.92 Bn | 61.77 Bn | 20.57% |
| 5 | Conocophillips | 177.35 Bn | 150.05 Bn | 12.81 Bn | 35.37% |
| 6 | Equinor Asa | 118.67 Bn | 33.12 Bn | - | - |
| 7 | Phillips 66 | 116.93 Bn | 104.72 Bn | 8.38 Bn | 21.97% |
| 8 | Canadian Natural Resources | 113.22 Bn | 110.23 Bn | 8.84 Bn | 18.22% |
| 9 | Suncor Energy | 95.47 Bn | 81.22 Bn | - | - |
| 10 | Eni Spa | 89.01 Bn | 33.57 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.37% |
| Mar 31, 2026 | 35.09% |
| Dec 31, 2025 | 35.77% |
| Sep 30, 2025 | 41.05% |
| Jun 30, 2025 | 34.67% |
| Mar 31, 2025 | 36.21% |
| Dec 31, 2024 | 22.36% |
| Sep 30, 2024 | 36.35% |
| Jun 30, 2024 | 36.35% |
| Mar 31, 2024 | 33.01% |
| Dec 31, 2023 | 29.48% |
| Sep 30, 2023 | 31.76% |
| Jun 30, 2023 | 33.61% |
| Mar 31, 2023 | 35.99% |
| Dec 31, 2022 | 37.94% |
| Sep 30, 2022 | 39.15% |
| Jun 30, 2022 | 32.79% |
| Mar 31, 2022 | 27.08% |
| Dec 31, 2021 | 39.41% |
| Sep 30, 2021 | 33.58% |
API Access
Conocophillips Tax Rate 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-rate&ticker=COP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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-rate&ticker=COP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();