ConocoPhillipsCOPEarnings & Financial Report
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.
Revenue
$12.7B
Gross Profit
$7.8B
Operating Profit
$3.7B
Net Profit
$2.3B
Gross Margin
61.6%
Operating Margin
28.9%
Net Margin
18.4%
YoY Growth
14.9%
EPS
$1.98
ConocoPhillips Q2 FY2024 Financial Summary
ConocoPhillips reported revenue of $12.7B (up 14.9% YoY) for Q2 FY2024, with a net profit of $2.3B (up 4.3% YoY) (18.4% margin). Cost of goods sold was $4.9B, operating expenses totaled $4.1B.
Key Financial Metrics
| Total Revenue | $12.7B |
|---|---|
| Net Profit | $2.3B |
| Gross Margin | 61.6% |
| Operating Margin | 28.9% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
ConocoPhillips Q2 FY2024 revenue of $12.7B breaks down across 8 segments, led by Crude Oil at $10.1B (79.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Crude Oil | $10.1B | 79.9% |
| Natural Gas Reserves | $1.2B | 9.3% |
| Natural Gas Liquids Reserves | $662.0M | 5.2% |
| Other | $357.0M | 2.8% |
| Other Products | $235.0M | 1.9% |
| Crude Oil Product Line | $53.0M | 0.4% |
| Financial Derivative Contracts | $43.0M | 0.3% |
| Related Party | $23.0M | 0.2% |
ConocoPhillips Revenue by Segment — Quarterly Trend
ConocoPhillips revenue by segment across the last 4 reported quarters, showing how each business line (such as Crude Oil and Natural Gas Reserves) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Crude Oil | — | $10.0B | $9.5B | $10.8B |
| Natural Gas Reserves | $2.1B | — | — | — |
| Natural Gas Liquids Reserves | $826.0M | $886.0M | $938.0M | $1.1B |
| Other Products | — | $426.0M | $280.0M | $215.0M |
ConocoPhillips Annual Revenue by Year
ConocoPhillips annual revenue history includes year-by-year totals (for example, 2025 revenue was $51.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $51.8B |
| 2024 | $49.4B |
ConocoPhillips Quarterly Revenue & Net Profit History
ConocoPhillips results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $11.4B | -10.7% | $1.4B | 12.7% |
| Q3 FY2025 | $13.3B | +14.0% | $1.7B | 12.9% |
| Q2 FY2025 | $12.6B | -0.3% | $2.0B | 15.6% |
| Q1 FY2025 | $14.5B | +17.6% | $2.8B | 19.7% |
| Q4 FY2024 | $12.7B | -1.5% | $2.3B | 18.1% |
| Q3 FY2024 | $11.7B | -7.1% | $2.1B | 17.6% |
| Q2 FY2024 | $12.7B | +14.9% | $2.3B | 18.4% |
| Q1 FY2024 | $12.3B | +2.9% | $2.6B | 20.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.31B | $12.66B | $11.70B | $12.75B | $14.48B | $12.62B | $13.34B | $11.39B |
| YoY Growth | 2.9% | 14.9% | -7.1% | -1.5% | 17.6% | -0.3% | 14.0% | -10.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $95.35B | $95.99B | $96.70B | $122.78B | $124.25B | $122.60B | $122.47B | $121.94B |
| Liabilities | $46.02B | $46.25B | $46.82B | $57.98B | $59.02B | $57.03B | $57.55B | $57.45B |
| Equity | $49.33B | $49.74B | $49.88B | $64.80B | $65.24B | $65.57B | $64.92B | $64.49B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.99B | $4.92B | $5.76B | $4.46B | $6.12B | $3.48B | $5.88B | $4.32B |