$COP

CONOCOPHILLIPS

CIK:0001163165|SEC Filings
v3.26.1
Consolidated Income Statement - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues and other income    
Sales and other operating revenues $ 15,761,000,000 $ 16,517,000,000
Equity in earnings of affiliates 247,000,000 392,000,000
Gain (loss) on dispositions 5,000,000 79,000,000
Other income 41,000,000 113,000,000
Total revenues and other income 16,054,000,000 17,101,000,000
Costs and expenses    
Purchased commodities 6,283,000,000 6,188,000,000
Production and operating expenses 2,276,000,000 2,506,000,000
Selling, general and administrative expenses 193,000,000 191,000,000
Exploration expenses 109,000,000 117,000,000
Depreciation, depletion and amortization 2,906,000,000 2,746,000,000
Impairments 19,000,000 1,000,000
Taxes other than income taxes 607,000,000 551,000,000
Accretion on discounted liabilities 97,000,000 94,000,000
Interest and debt expense 198,000,000 205,000,000
Foreign currency transaction (gain) loss 0 30,000,000
Other expenses 3,000,000 6,000,000
Total costs and expenses 12,691,000,000 12,635,000,000
Income (loss) before income taxes 3,363,000,000 4,466,000,000
Income tax provision (benefit) 1,180,000,000 1,617,000,000
Net income (loss) $ 2,183,000,000 $ 2,849,000,000
Net income (loss) per share of common stock (dollars)    
Basic (in dollars per share) $ 1.78 $ 2.23
Diluted (in dollars per share) $ 1.78 $ 2.23
Weighted-average common shares outstanding (in thousands)    
Basic (in shares) 1,224,036 1,273,350
Diluted (in shares) 1,224,960 1,274,879