CONOCOPHILLIPS

COP 10-Q · Q1 2026

COP Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 15,761 16,517 -4.6%
Show Business Segments breakouts
Alaska Segment [Member] 1,523 1,610 -5.4%
Alaska Segment [Member] · Operating Segments 1,523 1,610 -5.4%
Asia Pacific Operating Segment [Member] 501 424 +18.2%
Asia Pacific Operating Segment [Member] · Operating Segments 501 424 +18.2%
Canada Operating Segment [Member] 1,017 985 +3.2%
Canada Operating Segment [Member] · Intersegment Elimination -656 -547 -19.9%
Canada Operating Segment [Member] · Operating Segments 1,673 1,532 +9.2%
Corporate 13 10 +30.0%
Corporate · Corporate Non Segment 22 18 +22.2%
Corporate · Intersegment Elimination -9 -8 -12.5%
EMENA 1,627 1,940 -16.1%
EMENA · Operating Segments 1,627 1,940 -16.1%
Lower 48 11,080 11,548 -4.1%
Lower 48 · Intersegment Elimination -6
Lower 48 · Operating Segments 11,086 11,548 -4.0%
Total Segments [Member] 15,748 16,507 -4.6%
Total Segments [Member] · Intersegment Elimination -662 -547 -21.0%
Total Segments [Member] · Operating Segments 16,410 17,054 -3.8%
Show Geography breakouts
Non Us 3,245 3,405 -4.7%
US 12,516 13,112 -4.5%
Show Consolidation Items breakouts
Intersegment Elimination -671 -555 -20.9%
Operating Segments And Corporate Nonsegment 16,432 17,072 -3.7%
Show Energy breakouts
Crude Oil 10,258 10,833 -5.3%
Other 2,077 1,797 +15.6%
Show Reserve Quantities By Type Of Reserve breakouts
Natural Gas Liquids Reserves 922 1,055 -12.6%
Natural Gas Reserves 2,504 2,832 -11.6%
Revenue 13,500 14,479 -6.8%
Other Revenue (Q)
Show Product Lines breakouts
Crude oil 110 109 +0.9%
Financial derivative contracts 122 68 +79.4%
Natural gas 1,701 1,646 +3.3%
Physical contracts meeting the definition of a derivative 2,139 1,970 +8.6%
Physical contracts meeting the definition of a derivative · Canada Operating Segment [Member] 0.2 0.2 0.0%
Physical contracts meeting the definition of a derivative · EMENA 0.2 0.3 -33.3%
Physical contracts meeting the definition of a derivative · Lower 48 1.7 1.5 +13.3%
Power 328 215 +52.6%
Cost of Revenue 6,283 6,188 +1.5%
Show Related Party Transactions By Related Party breakouts
Related Party -3 2 -250.0%
Selling, General & Administrative 193 191 +1.0%
Show Related Party Transactions By Related Party breakouts
Related Party 45 85 -47.1%
Interest Income -109 -76 -43.4%
Show Business Segments breakouts
Corporate -109 -74 -47.3%
Other Non-Operating Income (Expense) 3 6 -50.0%
Income Before Taxes 3,363 4,466 -24.7%
Income Tax Expense (Benefit) 1,180 1,617 -27.0%
Show Business Segments breakouts
Alaska Segment [Member] 92 139 -33.8%
Asia Pacific Operating Segment [Member] 60 64 -6.2%
Canada Operating Segment [Member] 27 81 -66.7%
Corporate -119 -37 -221.6%
EMENA 725 922 -21.4%
Lower 48 395 448 -11.8%
Total Segments [Member] 1,299 1,654 -21.5%
Net Income 2,183 2,849 -23.4%
Show Business Segments breakouts
Alaska Segment [Member] 294 327 -10.1%
Asia Pacific Operating Segment [Member] 295 311 -5.1%
Canada Operating Segment [Member] 85 256 -66.8%
Corporate -159 -254 +37.4%
EMENA 265 419 -36.8%
Lower 48 1,403 1,790 -21.6%
Total Segments [Member] 2,342 3,103 -24.5%
Show Equity Components breakouts
Retained Earnings 2,183 2,849 -23.4%
Net Income 2,183 2,849 -23.4%
Comprehensive Income 2,066 2,928 -29.4%
Other Comprehensive Income -117 79 -248.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -16
Accumulated Net Unrealized Investment Gain Loss -6
Accumulated Other Comprehensive Income -117 79 -248.1%
Accumulated Translation Adjustment -95
EPS (Basic) 1.78 2.23 -20.2%
EPS (Diluted) 1.78 2.23 -20.2%
Wtd Avg Shares (Basic) 1,224,036 1,273,350 -3.9%
Wtd Avg Shares (Diluted) 1,224,960 1,274,879 -3.9%
Income Loss From Equity Method Investments 247 392 -37.0%
Show Business Segments breakouts
Asia Pacific Operating Segment [Member] 164 206 -20.4%
Corporate -12 9 -233.3%
EMENA 95 173 -45.1%
Total Segments [Member] 259 383 -32.4%
Net Income Loss Available To Common Stockholders Basic 2,177 2,840 -23.3%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 5,877 6,309 -6.8%
Show Financial Instrument breakouts
Commercial Paper · Within one year 2 6 -66.7%
Show Derivative Risk breakouts
Within one year · Carrying Reported Amount Fair Value Disclosure 2 6 -66.7%
Short-Term Investments 486 926 -47.5%
Show Financial Instrument breakouts
Asset Backed Securities · Within one year 17 29 -41.4%
Commercial Paper · Within one year 45 47 -4.3%
Corporate Debt Securities · Within one year 365 385 -5.2%
Foreign Government Debt · Within one year 8 4 +100.0%
US Government Debt Securities · Within one year 24 40 -40.0%
Show Derivative Risk breakouts
Within one year · Carrying Reported Amount Fair Value Disclosure 459 512 -10.4%
Inventory 1,910 1,844 +3.6%
Prepaid Expenses & Other Current Assets 906 1,427 -36.5%
Total Current Assets 16,229 16,906 -4.0%
Non-Current Assets
Other Non-Current Assets 3,035 3,024 +0.4%
Total Assets 122,725 124,254 -1.2%
Show Business Segments breakouts
Alaska Segment [Member] · Operating Segments 20,808 18,587 +11.9%
Asia Pacific Operating Segment [Member] · Operating Segments 8,328 8,331 -0.0%
Canada Operating Segment [Member] · Operating Segments 9,892 9,604 +3.0%
EMENA · Operating Segments 10,839 10,191 +6.4%
Lower 48 · Operating Segments 62,678 66,294 -5.5%
Total Segments [Member] · Operating Segments 112,545 113,007 -0.4%
Show Consolidation Items breakouts
Corporate Non Segment 10,180 11,247 -9.5%
Current Liabilities
Accounts Payable 7,017 7,349 -4.5%
Show Related Party Transactions By Related Party breakouts
Related Party 51 73 -30.1%
Total Current Liabilities 12,586 13,329 -5.6%
Debt Current 1,065 608 +75.2%
Non-Current Liabilities
Long-Term Debt (Q)
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 22,573 22,880 -1.3%
Estimate Of Fair Value Fair Value Disclosure 22,420 22,794 -1.6%
Deferred Tax Liabilities 12,389 11,483 +7.9%
Total Liabilities 58,184 59,016 -1.4%
Stockholders' Equity
Common Stock 23 23 0.0%
Retained Earnings 70,016 66,721 +4.9%
Accumulated Other Comprehensive Income -6,028 -6,394 +5.7%
Total Stockholders' Equity 64,541 65,238 -1.1%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -351 -383 +8.4%
Accumulated Gain Loss Net Cash Flow Hedge Parent 18 18 0.0%
Accumulated Net Unrealized Investment Gain Loss 2 5 -60.0%
Accumulated Other Comprehensive Income -6,028 -6,394 +5.7%
Accumulated Translation Adjustment -5,697 -6,034 +5.6%
Additional Paid In Capital 77,761 77,554 +0.3%
Common Stock 23 23 0.0%
Retained Earnings 70,016 66,721 +4.9%
Treasury Stock Common -77,231 -72,666 -6.3%
Total Liabilities & Equity 122,725 124,254 -1.2%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 2,906 2,746 +5.8%
Show Business Segments breakouts
Alaska Segment [Member] 352 355 -0.8%
Asia Pacific Operating Segment [Member] 103 119 -13.4%
Canada Operating Segment [Member] 152 131 +16.0%
Corporate 9 18 -50.0%
EMENA 239 219 +9.1%
Lower 48 2,051 1,904 +7.7%
Total Segments [Member] 2,897 2,728 +6.2%
Deferred Income Taxes 102 -71 +243.7%
Change in Inventory -39 -26 -50.0%
Change in Accounts Payable 507 518 -2.1%
Change in Prepaid & Other Assets -95 -134 +29.1%
Net Cash from Operations 4,295 6,115 -29.8%
Investing Activities
Other Investing Activities -1 -30 +96.7%
Net Cash from Investing -2,808 -2,346 -19.7%
Financing Activities
Share Repurchases -1,006 -1,500 +32.9%
Debt Repayments -114 -547 +79.2%
Net Cash from Financing -2,186 -3,137 +30.3%
Supplemental
Income Taxes Paid 669 1,188 -43.7%
Interest Paid 296 214 +38.3%
Other Cash Flow
Net Change in Cash -670 715 -193.7%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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