Operating Segments was the largest of Conocophillips’s 3 reported lines in fiscal 2025, at $121.79B — 103% of $117.89B.
| Segment | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Segments | $105.84B | $115.96B | $74.06B | $121.79B | |||||||
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | — | |||||||
| Salesrevenuenet | — | — | — | — | |||||||
| Corporate | $244.00M | $126.00M | $108.00M | $126.00M | |||||||
| Corporate & Other | — | — | — | — | |||||||
| Intersegment Eliminations | -$2.00M | -$3.82B | -$4.00M | -$4.03B | |||||||
| Total | $106.08B | $112.27B | $74.16B | $117.89B |
In fiscal 2025, which ended December 31, 2025, the 3 segments Conocophillips reported in this breakdown added up to $117.89B. That was up 59.0% from $74.16B in fiscal 2024. Operating Segments was the largest segment, at $121.79B or 103.3% of the total, followed by Corporate ($126.00M, 0.1%).
Over fiscal 2022 to 2025, revenue across these segments went from $106.08B to $117.89B, a compound annual growth rate of 3.6%. Operating Segments' share of the total rose from 99.8% to 103.3% over the same years.
Figures are shown as reported, so the total is net of Intersegment Eliminations, which was -$4.03B in fiscal 2025. The table also keeps 3 segments that Conocophillips no longer reports, so earlier years can still be read on their original basis; use "Show 3 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2015 to 2025, as reported in Conocophillips' annual filings.
U.S was the largest of Conocophillips’s 2 reported lines in fiscal 2024, at $86.96B — 79% of $109.49B.
| Geography | FY 2008 | FY 2009 | FY 2015 | FY 2016 | FY 2018 | FY 2020 | FY 2021 | FY 2022 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
| U.S | $69.69B | $121.80B | $86.96B | ||||||
| United States | — | — | — | ||||||
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | ||||||
| Salesrevenuenet | — | — | — | ||||||
| Sales To Single External Customer | — | — | — | ||||||
| Total Sales | — | — | — | ||||||
| Sales Before Elimination | — | — | — | ||||||
| International | — | — | $22.53B | ||||||
| U.K | $4.47B | $12.55B | — | ||||||
| United Kingdom | — | — | — | ||||||
| Norway | $5.13B | $6.83B | — | ||||||
| Canada | $4.99B | $7.43B | — | ||||||
| Australia & Timor-Leste | — | — | — | ||||||
| Malaysia | $1.95B | $2.62B | — | ||||||
| Libya | $2.20B | $3.16B | — | ||||||
| Indonesia | $1.76B | $318.00M | — | ||||||
| China | $1.45B | $2.27B | — | ||||||
| Other Foreign Countries | $16.00M | $10.00M | — | ||||||
| Business Intersegment Eliminations | — | — | — | ||||||
| Business Intersegment Eliminations Domestic | — | — | — | ||||||
| Intersegment Eliminations - U.S | — | — | — | ||||||
| Business Intersegment Eliminations International | — | — | — | ||||||
| Intersegment Eliminations - International | — | — | — | ||||||
| Total | $91.66B | $156.99B | $109.49B |
In fiscal 2024, which ended December 31, 2024, the 2 regions Conocophillips reported in this breakdown added up to $109.49B. The regions reported changed from fiscal 2022, so the total is not directly comparable with the $156.99B reported that year. U.S was the largest region, at $86.96B or 79.4% of the total, followed by International ($22.53B, 20.6%).
The table also keeps 21 regions that Conocophillips no longer reports, so earlier years can still be read on their original basis; use "Show 21 discontinued" beneath the table to see them. This breakdown covers 9 fiscal years between 2008 and 2024, as reported in Conocophillips' annual filings.
Lower 48 was the largest of Conocophillips’s 6 reported lines in fiscal 2024, at $74.06B — 70% of $105.87B.
| Statement Business Segments | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenuefromcontractwithcustomerexcludingassessedtax | — | — | — | — | ||||||
| Lower 48 | $58.59B | $105.81B | $76.47B | $74.06B | ||||||
| Salesrevenuenet | — | — | — | — | ||||||
| Europe, Middle East & North Africa | $11.80B | $22.54B | $11.71B | $11.58B | ||||||
| Alaska | $10.96B | $15.81B | $14.20B | $13.11B | ||||||
| Canada | — | — | $9.75B | $11.27B | ||||||
| Canada Operating | $4.99B | $12.32B | — | — | ||||||
| Asia Pacific | $5.16B | $5.21B | $3.83B | — | ||||||
| Corporate | — | $244.00M | $126.00M | $108.00M | ||||||
| Other International | $8.00M | — | — | — | ||||||
| Total Segments | — | — | -$3.75B | -$4.25B | ||||||
| Total | $91.51B | $161.93B | $112.33B | $105.87B |
In fiscal 2024, which ended December 31, 2024, the 6 segments Conocophillips reported in this breakdown added up to $105.87B. The segments reported changed from fiscal 2023, so the total is not directly comparable with the $112.33B reported that year. Lower 48 was the largest segment, at $74.06B or 69.9% of the total, followed by Alaska ($13.11B, 12.4%) and Europe, Middle East & North Africa ($11.58B, 10.9%). Together, the two largest segments made up 82.3% of this total.
Compared with fiscal 2023, Canada grew the fastest, rising 15.7% to $11.27B. Alaska fell the most, down 7.7% to $13.11B. Because segments were added or dropped between the two years, part of this reflects how Conocophillips regrouped its reporting.
Canada (fiscal 2023), Corporate (fiscal 2022) and Total Segments (fiscal 2023) were first reported as separate segments during this period. Figures are shown as reported, so the total is net of Total Segments, which was -$4.25B in fiscal 2024. The table also keeps 5 segments that Conocophillips no longer reports, so earlier years can still be read on their original basis; use "Show 5 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2015 to 2024, as reported in Conocophillips' annual filings.
Conocophillips (COP) breaks its revenue down by segment and region. In fiscal 2025, its largest segment was Operating Segments, with $121.79B or 103.3% of the total, followed by Corporate at $126.00M (0.1%).
Operating Segments was Conocophillips' largest segment in fiscal 2025, with $121.79B in revenue, 103.3% of the $117.89B reported across its 3 segments.
U.S was Conocophillips' largest region in fiscal 2024, with $86.96B in revenue, 79.4% of the $109.49B reported across its 2 regions.
Every figure is taken from Conocophillips' annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by segment covers fiscal 2015 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.