$COP

CONOCOPHILLIPS

CIK:0001163165|SEC Filings
v3.25.4
Consolidated Income Statement - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues and other income      
Sales and other operating revenues $ 58,944,000,000 $ 54,745,000,000 $ 56,141,000,000
Equity in earnings of affiliates 1,335,000,000 1,705,000,000 1,720,000,000
Gain (loss) on dispositions 731,000,000 51,000,000 228,000,000
Other income 538,000,000 452,000,000 485,000,000
Total revenues and other income 61,548,000,000 56,953,000,000 58,574,000,000
Costs and expenses      
Purchased commodities 22,325,000,000 20,012,000,000 21,975,000,000
Production and operating expenses 10,331,000,000 8,751,000,000 7,693,000,000
Selling, general and administrative expenses 893,000,000 1,158,000,000 705,000,000
Exploration expenses 407,000,000 355,000,000 398,000,000
Depreciation, depletion and amortization 11,500,000,000 9,599,000,000 8,270,000,000
Impairments 26,000,000 80,000,000 14,000,000
Taxes other than income taxes 2,146,000,000 2,087,000,000 2,074,000,000
Accretion on discounted liabilities 378,000,000 325,000,000 283,000,000
Interest and debt expense 855,000,000 783,000,000 780,000,000
Foreign currency transaction (gain) loss 11,000,000 (50,000,000) 92,000,000
Other expenses 20,000,000 181,000,000 2,000,000
Total costs and expenses 48,892,000,000 43,281,000,000 42,286,000,000
Income (loss) before income taxes 12,656,000,000 13,672,000,000 16,288,000,000
Income tax provision (benefit) 4,668,000,000 4,427,000,000 5,331,000,000
Net income (loss) $ 7,988,000,000 $ 9,245,000,000 $ 10,957,000,000
Net income (loss) per share of common stock (dollars)      
Basic (in dollars per share) $ 6.36 $ 7.82 $ 9.08
Diluted (in dollars per share) $ 6.35 $ 7.81 $ 9.06
Weighted-average common shares outstanding (in thousands)      
Basic (in shares) 1,252,042 1,178,920 1,202,757
Diluted (in shares) 1,253,446 1,180,871 1,205,675