What is the primary revenue source for ConocoPhillips (COP)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze COP's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out ConocoPhillips's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How ConocoPhillips Makes Money: COP Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

The largest revenue segment accounts for 81.98% of revenue, indicating concentration.

Revenue: USD 34.92B
Largest revenue segment share (Others): 81.98%
Cost of revenue: USD 12.99B
Income tax expense: USD 3.33B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax provision (benefit) · IncomeTaxExpenseBenefit
Largest revenue segment share (Others)Others · segment_value / revenue * 100
RevenueConsolidated sales and other operating revenues · Revenues
Cost of revenuePurchased commodities · CostOfGoodsAndServicesSold

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 91.25B
Cash and cash equivalents: USD 6.57B
Inventory: USD 1.88B
Total liabilities: USD 58.91B
Shareholder equity: USD 65.35B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperty, plant, and equipment and finance lease right-of-use asset, after accumulated depreciation and amortization · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityTotal equity · StockholdersEquity
Total liabilitiesTotal liabilities · Liabilities
InventoryTotal inventories · InventoryNet
Cash and cash equivalentsCash and cash equivalents · CashAndCashEquivalentsAtCarryingValue

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 191.84% of net income.

Net income: USD 6.11B
Operating cash flow: USD 11.73B
Cash conversion: 191.84%

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (loss) · NetIncomeLoss
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Capital expenditure data is missing, so free cash flow cannot be calculated.

Shareholders

Did the money earned actually make its way back to shareholders?

Neutral

The company returned cash to shareholders, but free cash flow data is missing, so coverage cannot be assessed.

Cash dividends: USD 2.06B
Share repurchases: USD 3.01B
Stock issuance proceeds: USD 39.00M
Net shareholder return: USD 5.02B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from issuance of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?