Lower 48 was Conocophillips’s largest segment in fiscal 2025, bringing in $41.40B of $60.90B (68%).
| Segment | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Lower 48 | $52.92B | $38.24B | $37.03B | $41.40B | |
| Europe, Middle East & North Africa | $11.27B | $5.85B | $5.79B | $6.49B | |
| Alaska | $7.91B | $7.10B | $6.55B | $5.64B | |
| Canada | — | $4.87B | $5.64B | $5.60B | |
| Canada Operating | $6.16B | — | — | — | |
| Asia Pacific | $2.61B | $1.91B | $1.85B | $1.77B | |
| Other International | — | — | — | — | |
| Total | $80.86B | $57.98B | $56.85B | $60.90B |
Conocophillips brought in $60.90B from its five segments in fiscal 2025, the year ended December 31, 2025. That was up 7.1% from $56.85B in fiscal 2024. Lower 48 was the largest at $41.40B (68.0%), ahead of Europe, Middle East & North Africa at $6.49B (10.6%) and Alaska at $5.64B (9.3%). The other two segments brought in $7.37B combined.
Compared with fiscal 2024, Europe, Middle East & North Africa grew fastest, up 12.0% to $6.49B, while Alaska fell the most, down 14.0% to $5.64B.
Conocophillips began breaking out Canada in fiscal 2023, when it brought in $4.87B. Conocophillips stopped reporting Canada Operating as a separate segment after fiscal 2022, when it brought in $6.16B.
Non Guarantor Subsidiaries was Conocophillips’s largest revenue line in fiscal 2016, bringing in $16.90B of $24.34B (69%).
| Consolidated Entities | FY 2016 |
|---|---|
| Non Guarantor Subsidiaries | $16.90B |
| Conoco Phillips Company | $9.69B |
| Burlington Resources Llc | -$2.25B |
| Total | $24.34B |
Conocophillips brought in $24.34B from its three revenue lines in fiscal 2016, the year ended December 31, 2016. Non Guarantor Subsidiaries was the largest at $16.90B (69.4%), ahead of Conoco Phillips Company at $9.69B (39.8%).
The total is net of Burlington Resources Llc, which took $2.25B off revenue in fiscal 2016.
All Other Subsidiaries was Conocophillips’s largest revenue line in fiscal 2014, bringing in $41.65B of $55.52B (75%).
| Legal Entity | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|---|---|---|
| All Other Subsidiaries | $46.94B | $47.05B | $44.77B | $41.65B | |||
| Subsidiaries | $29.69B | $27.57B | $28.48B | $28.71B | |||
| Conocophillips Company | — | — | — | — | |||
| Parent Company | $7.60B | $7.86B | $8.46B | $6.18B | |||
| Conocophillips | — | — | — | — | |||
| Subsidiaries Company Two | $328.00M | $313.00M | $305.00M | $283.00M | |||
| Conocophillips Canada Funding Company I | — | — | — | — | |||
| Subsidiaries Company One | $46.00M | $46.00M | $13.00M | — | |||
| Conocophillips Australia Funding Company | — | — | — | — | |||
| Subsidiaries Company Three | — | — | — | — | |||
| Conocophillips Canada Funding Company Ii | — | — | — | — | |||
| Consolidation Eliminations | -$18.54B | -$20.83B | -$23.77B | -$21.31B | |||
| Consolidating Adjustments | — | — | — | — | |||
| Total | $66.07B | $62.00B | $58.25B | $55.52B |
Conocophillips brought in $55.52B from its five revenue lines in fiscal 2014, the year ended December 31, 2014. Conocophillips regrouped these revenue lines after fiscal 2013, so the total does not compare directly with that year's $58.25B. All Other Subsidiaries was the largest at $41.65B (75.0%), ahead of Subsidiaries at $28.71B (51.7%) and Parent Company at $6.18B (11.1%). The remaining revenue line, Subsidiaries Company Two, brought in $283.00M.
Compared with fiscal 2013, Subsidiaries grew fastest, up 0.8% to $28.71B, while Parent Company fell the most, down 26.9% to $6.18B.
Conocophillips stopped reporting Subsidiaries Company One as a separate revenue line after fiscal 2013, when it brought in $13.00M. The total is net of Consolidation Eliminations, which took $21.31B off revenue in fiscal 2014.
Conocophillips (COP) reports its revenue by segment, by consolidated entities and by legal entity. In fiscal 2025, Lower 48 was its largest segment, bringing in $41.40B (68.0% of the total), followed by Europe, Middle East & North Africa at $6.49B (10.6%).
Lower 48 was Conocophillips' largest segment in fiscal 2025, bringing in $41.40B, or 68.0% of the $60.90B total across its five segments.
Non Guarantor Subsidiaries was Conocophillips' largest revenue line in fiscal 2016, bringing in $16.90B, or 69.4% of the $24.34B total across its three revenue lines.
Among Conocophillips' segments that make up at least 2% of revenue, Europe, Middle East & North Africa grew fastest in fiscal 2025, up 12.0% from $5.79B to $6.49B.
Every figure comes from Conocophillips' annual financial filings, as reported. Each line keeps the name Conocophillips gives it, and years follow its fiscal calendar.
Conocophillips' revenue by segment goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.