Operating Segments was Conocophillips’s largest segment in fiscal 2025, bringing in $121.79B of $117.89B (103%).
| 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 |
Conocophillips brought in $117.89B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 59.0% from $74.16B in fiscal 2024. Operating Segments was the largest at $121.79B (103.3%), ahead of Corporate at $126.00M (0.1%).
From fiscal 2022 to 2025, combined revenue from these segments grew 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%.
The total is net of Intersegment Eliminations, which took $4.03B off revenue in fiscal 2025.
U.S was Conocophillips’s largest region in fiscal 2024, bringing in $86.96B of $109.49B (79%).
| 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 |
Conocophillips brought in $109.49B from its two regions in fiscal 2024, the year ended December 31, 2024. Conocophillips regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $156.99B. U.S was the largest at $86.96B (79.4%), ahead of International at $22.53B (20.6%).
Conocophillips stopped reporting U.K ($12.55B in fiscal 2022), Canada ($7.43B in fiscal 2022), Norway ($6.83B in fiscal 2022) and five others as separate regions.
Lower 48 was Conocophillips’s largest segment in fiscal 2024, bringing in $74.06B of $105.87B (70%).
| 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 |
Conocophillips brought in $105.87B from its six segments in fiscal 2024, the year ended December 31, 2024. Conocophillips regrouped these segments after fiscal 2023, so the total does not compare directly with that year's $112.33B. Lower 48 was the largest at $74.06B (69.9%), ahead of Alaska at $13.11B (12.4%) and Europe, Middle East & North Africa at $11.58B (10.9%). The other two segments brought in $11.38B combined.
Compared with fiscal 2023, Canada grew fastest, up 15.7% to $11.27B, while Alaska fell the most, down 7.7% to $13.11B.
Conocophillips began breaking out Canada in fiscal 2023, Corporate in fiscal 2022 and Total Segments in fiscal 2023. Conocophillips stopped reporting Canada Operating ($12.32B in fiscal 2022), Asia Pacific ($3.83B in fiscal 2023) and Other International ($8.00M in fiscal 2021) as separate segments. The total is net of Total Segments, which took $4.25B off revenue in fiscal 2024.
Conocophillips (COP) reports its revenue by segment, by geography and by statement business segments. In fiscal 2025, Operating Segments was its largest segment, bringing in $121.79B (103.3% of the total), followed by Corporate at $126.00M (0.1%).
Operating Segments was Conocophillips' largest segment in fiscal 2025, bringing in $121.79B, or 103.3% of the $117.89B total across its three segments.
U.S was Conocophillips' largest region in fiscal 2024, bringing in $86.96B, or 79.4% of the $109.49B total across its two regions.
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 2015, 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.