ConocoPhillips (COP) Income Statement
COP 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCOP revenue and net income
Where COP's revenue goes
2025Each bar shows an amount and its share of revenue. COP kept 13.6% of revenue as net income.
COP profit margins
COP growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.7% | −9.1% | +25.7% | +7.1% |
| Gross profit | −9.7% | −21.0% | +77.4% | +30.8% |
| Operating income | −11.3% | −23.6% | — | — |
| Net income | −13.6% | −24.7% | — | — |
| EPS (diluted) | −21.0% | −23.1% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
COP quarterly EPS vs estimates
ConocoPhillips beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.86).
COP income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.94B | $54.74B | $56.14B | $78.49B | $45.83B | $18.78B | $32.57B | $36.42B | $29.11B | $23.69B |
| Cost of revenue | $44.16B | $38.36B | $37.94B | $48.48B | $31.06B | $17.94B | $23.25B | $25.46B | $24.48B | $24.70B |
| Gross profit | $14.79B | $16.38B | $18.20B | $30.01B | $14.77B | $841.0M | $9.31B | $10.95B | $4.62B | −$1.01B |
| Research & development | $78.0M | $81.0M | $81.0M | $71.0M | $62.0M | $75.0M | $82.0M | $78.0M | $100.0M | $116.0M |
| Sales, general & admin | $7.41B | $1.16B | $705.0M | $3.99B | $719.0M | $1.18B | $556.0M | $401.0M | $561.0M | $723.0M |
| Total operating expenses | $3.45B | $3.60B | $3.18B | $4.55B | $2.70B | $2.64B | $2.25B | $1.82B | $2.17B | $3.12B |
| Operating income | $11.34B | $12.78B | $15.03B | $25.46B | $12.07B | −$1.80B | $7.06B | $9.14B | $2.45B | −$4.13B |
| Interest income | $780.0M | $402.0M | $412.0M | $1.38B | $1.01B | $302.0M | $166.0M | $97.0M | $112.0M | $57.0M |
| Interest expense | $1.23B | $1.11B | $1.06B | $1.05B | $1.13B | $1.06B | $1.10B | $1.09B | $1.46B | $1.67B |
| Income before taxes | $12.66B | $13.67B | $16.29B | $28.23B | $12.71B | −$3.14B | $9.52B | $9.97B | −$2.62B | −$5.53B |
| Income taxes | $4.67B | $4.43B | $5.33B | $9.55B | $4.63B | −$485.0M | $2.27B | $3.67B | −$1.82B | −$1.97B |
| Net income | $7.99B | $9.24B | $10.96B | $18.68B | $8.08B | −$2.70B | $7.19B | $6.26B | −$855.0M | −$3.62B |
| EBITDA | $25.39B | $24.38B | $25.62B | $36.79B | $21.05B | $4.52B | $16.72B | $17.02B | $5.69B | $6.39B |
| EPS (diluted) | $6.14 | $7.77 | $8.78 | $13.49 | $6.00 | −$0.97 | $3.59 | $4.54 | $0.61 | −$2.66 |
| Gross margin | 25.1% | 29.9% | 32.4% | 38.2% | 32.2% | 4.5% | 28.6% | 30.1% | 15.9% | −4.2% |
| Operating margin | 19.2% | 23.4% | 26.8% | 32.4% | 26.3% | −9.6% | 21.7% | 25.1% | 8.4% | −17.4% |
| Net margin | 13.6% | 16.9% | 19.5% | 23.8% | 17.6% | −14.4% | 22.1% | 17.2% | −2.9% | −15.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.16B | $15.76B | $13.39B | $15.03B | $14.00B | $16.52B | $14.24B | $13.04B | $13.62B | $13.85B | $14.73B | $14.25B |
| Cost of revenue | $12.13B | $11.46B | $10.81B | $11.41B | $10.49B | $11.44B | $10.05B | $9.40B | $9.36B | $9.56B | $9.93B | $9.63B |
| Gross profit | $7.04B | $4.30B | $2.58B | $3.62B | $3.51B | $5.08B | $4.19B | $3.64B | $4.26B | $4.29B | $4.79B | $4.62B |
| Research & development | — | — | — | — | — | — | $81.0M | — | — | — | $81.0M | — |
| Sales, general & admin | $188.0M | $909.0M | $6.70B | $271.0M | $250.0M | $191.0M | $630.0M | $186.0M | $164.0M | $178.0M | $172.0M | $169.0M |
| Total operating expenses | $1.06B | $909.0M | $817.0M | $867.0M | $903.0M | $859.0M | $1.22B | $732.0M | $802.0M | $845.0M | $707.0M | $797.0M |
| Operating income | $5.98B | $3.39B | $1.76B | $2.76B | $2.61B | $4.22B | $2.97B | $2.91B | $3.46B | $3.44B | $4.09B | $3.82B |
| Interest income | — | — | $98.0M | $128.0M | $86.0M | $157.0M | $262.0M | $280.0M | — | — | — | $139.0M |
| Interest expense | $281.0M | $295.0M | $290.0M | $317.0M | $327.0M | $299.0M | $276.0M | $269.0M | $278.0M | $285.0M | $298.0M | $262.0M |
| Income before taxes | $6.08B | $3.36B | $2.25B | $2.93B | $3.02B | $4.47B | $2.97B | $3.23B | $3.66B | $3.81B | $4.26B | $4.10B |
| Income taxes | $2.15B | $1.18B | $803.0M | $1.20B | $1.05B | $1.62B | $664.0M | $1.18B | $1.33B | $1.26B | $1.26B | $1.30B |
| Net income | $3.93B | $2.18B | $1.44B | $1.73B | $1.97B | $2.85B | $2.31B | $2.06B | $2.33B | $2.55B | $3.01B | $2.80B |
| EBITDA | $9.35B | $6.56B | $5.53B | $6.16B | $6.34B | $7.51B | $5.91B | $5.89B | $6.27B | $6.30B | $6.80B | $6.51B |
| EPS (diluted) | $3.24 | $1.89 | $1.02 | $1.61 | $1.42 | $2.09 | $1.98 | $1.78 | $1.98 | $2.03 | $2.40 | $2.16 |
| Gross margin | 36.7% | 27.3% | 19.2% | 24.1% | 25.1% | 30.7% | 29.4% | 27.9% | 31.3% | 31.0% | 32.6% | 32.4% |
| Operating margin | 31.2% | 21.5% | 13.1% | 18.3% | 18.6% | 25.5% | 20.8% | 22.3% | 25.4% | 24.9% | 27.8% | 26.8% |
| Net margin | 20.5% | 13.9% | 10.8% | 11.5% | 14.1% | 17.2% | 16.2% | 15.8% | 17.1% | 18.4% | 20.4% | 19.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in COP's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
COP financial results
In fiscal year 2025 (ended December 31, 2025), ConocoPhillips reported revenue of $58.9 billion, up 7.7% from the year before. It had net income of $8.0 billion (down 13.6%), a net profit margin of 13.6%. Diluted earnings per share came to $6.14. Over five years revenue grew at an average rate of 25.7% a year.
See the COP stock overview for the latest quote and news, or the COP chart for price history and technical indicators.
COP income statement FAQ
What is ConocoPhillips's annual revenue?
ConocoPhillips reported total revenue of $58.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.7% from $54.7 billion the previous year.
Is ConocoPhillips profitable?
Yes. ConocoPhillips reported net income of $8.0 billion in fiscal 2025, a net profit margin of 13.6%; its operating margin was 19.2%.
What is ConocoPhillips's gross margin?
ConocoPhillips's gross margin was 25.1% in fiscal 2025: for every $100 of revenue, ConocoPhillips kept $25 after the direct cost of its products and services.
How much does ConocoPhillips spend on research and development?
ConocoPhillips spent $78.0 million on research and development in fiscal 2025, 0.1% of revenue.
How fast is ConocoPhillips growing?
Revenue grew 25.7% a year on average over the last five fiscal years, from $18.8 billion to $58.9 billion.
What are ConocoPhillips's earnings per share?
ConocoPhillips earned $6.14 per diluted share in fiscal 2025, compared with $7.77 a year earlier.
When will ConocoPhillips report its next earnings?
ConocoPhillips is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does ConocoPhillips's fiscal year end?
ConocoPhillips's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.