$COP
CONOCOPHILLIPS
CIK:0001163165|SEC Filings
Consolidated Income Statement - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues and other income | ||||
| Sales and other operating revenues | $ 19,161,000,000 | $ 14,004,000,000 | $ 34,922,000,000 | $ 30,521,000,000 |
| Equity in earnings of affiliates | 239,000,000 | 315,000,000 | 486,000,000 | 707,000,000 |
| Gain (loss) on dispositions | 14,000,000 | 317,000,000 | 19,000,000 | 396,000,000 |
| Other income | 108,000,000 | 104,000,000 | 149,000,000 | 217,000,000 |
| Total revenues and other income | 19,522,000,000 | 14,740,000,000 | 35,576,000,000 | 31,841,000,000 |
| Costs and expenses | ||||
| Purchased commodities | 6,712,000,000 | 5,085,000,000 | 12,995,000,000 | 11,273,000,000 |
| Production and operating expenses | 2,431,000,000 | 2,572,000,000 | 4,707,000,000 | 5,078,000,000 |
| Selling, general and administrative expenses | 188,000,000 | 250,000,000 | 381,000,000 | 441,000,000 |
| Exploration expenses | 75,000,000 | 81,000,000 | 184,000,000 | 198,000,000 |
| Depreciation, depletion and amortization | 2,983,000,000 | 2,838,000,000 | 5,889,000,000 | 5,584,000,000 |
| Impairments | 2,000,000 | 1,000,000 | 21,000,000 | 2,000,000 |
| Taxes other than income taxes | 793,000,000 | 572,000,000 | 1,400,000,000 | 1,123,000,000 |
| Accretion on discounted liabilities | 99,000,000 | 95,000,000 | 196,000,000 | 189,000,000 |
| Interest and debt expense | 182,000,000 | 232,000,000 | 380,000,000 | 437,000,000 |
| Foreign currency transaction (gain) loss | (25,000,000) | (3,000,000) | (25,000,000) | 27,000,000 |
| Other expenses | 0 | 0 | 3,000,000 | 6,000,000 |
| Total costs and expenses | 13,440,000,000 | 11,723,000,000 | 26,131,000,000 | 24,358,000,000 |
| Income (loss) before income taxes | 6,082,000,000 | 3,017,000,000 | 9,445,000,000 | 7,483,000,000 |
| Income tax provision (benefit) | 2,151,000,000 | 1,046,000,000 | 3,331,000,000 | 2,663,000,000 |
| Net income (loss) | $ 3,931,000,000 | $ 1,971,000,000 | $ 6,114,000,000 | $ 4,820,000,000 |
| Net income (loss) per share of common stock (dollars) | ||||
| Basic (in dollars per share) | $ 3.23 | $ 1.56 | $ 5.00 | $ 3.80 |
| Diluted (in dollars per share) | $ 3.23 | $ 1.56 | $ 5.00 | $ 3.79 |
| Weighted-average common shares outstanding (in thousands) | ||||
| Basic (in shares) | 1,213,453 | 1,257,512 | 1,218,715 | 1,265,387 |
| Diluted (in shares) | 1,214,255 | 1,258,998 | 1,219,492 | 1,266,815 |