Energy · NYSE: COP
ConocoPhillips: how the business works
ConocoPhillips pumps crude oil and natural gas, mostly in the US, with sales and other operating revenues of $58.9 billion in FY2025.
By Hardik Bhandare · Checked against filings: . Editorial policy. Corrections
Follow ConocoPhillips
Email me when ConocoPhillips's page is updated after earnings.
We'll send a confirmation email first. See our privacy policy.
ConocoPhillips · Houston, Texas · Founded 2002
Updated for Q3 FY2026 · checked
- Sales and other operating revenues, FY2025
- $58.9B
- Net income, FY2025
- $8.0B
- Production a day, FY2025 (barrels of oil equivalent)
- 2.375 million
- Proved reserves, end of 2025 (barrels of oil equivalent)
- 7.6 billion
- Employees, Dec 31, 2025
- About 9,900
The short version
ConocoPhillips in 5 points
1 · What it sells
ConocoPhillips produces crude oil, natural gas and natural gas liquids, mostly in the US, with sales and other operating revenues of $58.9 billion in FY2025.
2 · Who pays it
ConocoPhillips names no customers; in FY2025 buyers of crude oil paid 66.3% of sales, natural gas 15.0%, natural gas liquids 6.3% and other products 12.4%.
3 · What it keeps from $100
Of every $100 that came in during FY2025, ConocoPhillips kept $13.0 as net income, including venture earnings and asset-sale gains; pre-tax income plus interest, the nearest operating figure, was $22.0 (Cityfort calculation from FY2025 10-K).
4 · Where the operating profit comes from
ConocoPhillips reports no segment operating income; Lower 48 made 57.7% of its five regions' $9,126 million after-tax FY2025 earnings, before Corporate and Other's $1,138 million loss.
5 · The one thing to watch
ConocoPhillips' Q3 FY2026 net income was $4.0 billion with Brent averaging $97 a barrel, against $1.7 billion a year earlier with Brent at $69.
Sources: From ConocoPhillips' FY2025 10-K and Q3 FY2026 earnings release and supplement · checked
See the full receipt and the management scorecard below
01Where the money goes · FY2025
Where does $100 of ConocoPhillips' money go?
ConocoPhillips · FY2025
Receipt for every $100
| Oil and gas bought to resell | $36.3 |
|---|---|
| Running fields, overheads and exploration | $18.9 |
| Depreciation, depletion and amortization | $18.7 |
| Interest | $1.4 |
| Accretion, impairments, currency and other | $0.7 |
| Income tax and other taxes | $11.1 |
| Kept as net income | $13.0 |
| Total | $100 |
Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.
How this is worked out
Cityfort calculation from FY2025 10-K. Of every $100 that came in during FY2025: each line ÷ total revenues and other income of $61,548 million (sales $58,944 million + equity earnings $1,335 million + gains on asset sales $731 million + other income $538 million). Net income includes those earnings and gains. ConocoPhillips has no operating income line; pre-tax income plus interest, $13,511 million, was $22.0 per $100, the nearest operating figure. Net income on sales alone was $13.6 per $100.
Save this receipt as an image:
1080 × 1350 PNG for Instagram, LinkedIn1200 × 675 PNG for X
Embed this receipt
Paste this code into a blog or website to show the receipt, with a link back to this page:
Each week: one company explained in 5 points, picked by earnings date.
Free, no tips, unsubscribe anytime.
We'll send a confirmation email. See our privacy policy.
02The business in one line
What does ConocoPhillips do?
Buyers of crude oil and natural gas pay ConocoPhillips; most of the money goes on oil and gas bought to resell, running its fields and wear on its wells, and what is left moves with oil and gas prices.
- In FY2025, crude oil made up 66.3% of sales, natural gas 15.0%, natural gas liquids 6.3% and other products 12.4%.
- Of every $100 that came in during FY2025, $36.3 went on oil and gas bought from others to resell and $13.0 was left as net income.
03Who pays it
Who pays ConocoPhillips?
Buyers of crude oil
66%
of revenue
Paid $39,068 million in FY2025.
Buyers of natural gas
15%
of revenue
Paid $8,854 million in FY2025.
Buyers of natural gas liquids
6%
of revenue
Paid $3,705 million in FY2025.
Buyers of bitumen, power, LNG and other products
12%
of revenue
Paid $7,317 million in FY2025.
- Buyers of crude oil66%
- Buyers of natural gas15%
- Buyers of natural gas liquids6%
- Buyers of bitumen, power, LNG and other products12%
How spread out the customers are
ConocoPhillips names no customers. Its FY2025 10-K says Lower 48 sales to one unnamed pipeline company were about $5.3 billion, approximately 10 percent of sales (about $6.7 billion, approximately 12 percent, in FY2024). Buyers in the US paid 79.1% of FY2025 sales.
- Largest customer
- 10%
04Why it makes money
Why does ConocoPhillips make money?
ConocoPhillips' profit moves with oil and gas prices, which it does not set and does not hedge.
Its average realized price was $42.46 per barrel of oil equivalent in Q4 FY2025 and $62.33 in Q2 FY2026, on production of 2,320 and 2,248 thousand barrels of oil equivalent a day. Quarterly net income went from $1,442 million to $3,931 million.
Net income per $100 of sales
$23.8$13.6
FY2022 to FY2025
- ConocoPhillips spends on wells, platforms and plants.
- Those produce oil and gas, which it sells at world market prices.
- Higher prices lift earnings; lower prices cut them.
- Cash pays for new wells, dividends and buybacks.
- Production uses up reserves, so drilling and buying fields has to continue.
↺ Step 5 feeds back into step 1.
05Business segments · FY2025
Which businesses make up ConocoPhillips?
Lower 48
70%Shale oil and gas in the US mainland, including the Delaware and Midland areas, Eagle Ford and Bakken. After-tax earnings were $5,264 million in FY2025, or 57.7% of the five regions' $9,126 million (Cityfort calculation from FY2025 10-K).
Revenue $41.4B
EMENA
11%Europe, Middle East and North Africa, including Norway, Libya and Qatar's LNG ventures. After-tax earnings were $1,224 million, or 13.4% of the five regions' total; its tax rate has been about 70% to 78%.
Revenue $6.5B
Alaska
10%Oil fields in Alaska, plus the Willow project being developed. After-tax earnings were $730 million, or 8.0%.
Revenue $5.6B
Canada
6%Mainly the Surmont oil sands. After-tax earnings were $741 million, or 8.1%.
Revenue $3.6B
Asia Pacific
3%Australia (the APLNG venture), Malaysia and China. Most of its profit comes from venture earnings, which are not in sales. After-tax earnings were $1,167 million, or 12.8%.
Revenue $1.8B
Corporate and Other
0%Holds most debt interest and head-office costs. It lost $1,138 million after tax in FY2025, which brings the five regions' $9,126 million down to net income of $7,988 million.
Revenue $32M
How the mix changed
- Lower 48
- EMENA
- Alaska
- Canada
- Asia Pacific
- Corporate and Other
Revenue by segment, FY2021 to FY2025.
US$
See the numbers
06The numbers · Consolidated · US$
How has ConocoPhillips done?
Revenue
$58.9BFY2025
Sales and other operating revenues were $78.5 billion in FY2022 and $58.9 billion in FY2025, which includes Marathon Oil from Nov 22, 2024.
US$
See the numbers
Net profit
$8.0BFY2025
Net income fell every year from $18.7 billion in FY2022 to $8.0 billion in FY2025, then was $4.0 billion in Q3 FY2026 alone with Brent averaging $97.
US$
See the numbers
Profit kept per $100 of revenue
$13.6FY2025
ConocoPhillips kept $13.6 per $100 of sales in FY2025, against $23.8 in FY2022; EBITDA is blank on this page because its income statement has no operating income line.
$ of profit per $100 of revenue (net margin)
See the numbers
Free cash flow
$7.2BFY2025
Free cash flow, cash from operations minus capital expenditures and investments, was $7.2 billion in FY2025, down from $18.2 billion in FY2022.
US$ · cash from operations minus spending on plants and equipment
See the numbers
See all yearly numbers
EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Fiscal year ends on December 31 (the calendar year)). Net profit is the share belonging to the company's owners.
Download ConocoPhillips's yearly and quarterly numbers (CSV, with source ids)
Learn: Stock-based compensation and dilution: pay that becomes shares
Sources (5)
- Form 10-K, fiscal year 2023 (ended Dec 31, 2023)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Q4 FY2024 detailed supplemental information (8-K Exhibit 99.2), 2023 and 2024 quarters
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
07Who runs it
Who runs ConocoPhillips, and did they deliver?
Andy O'Brien
President and Chief Executive Officer · since 2026
Became CEO on Sept 1, 2026. He was previously Executive Vice President, Strategy, Commercial and Chief Financial Officer.
Ryan M. Lance
Executive Chair · since 2026
Chairman and CEO until Aug 31, 2026. His 2025 total pay in the proxy's summary compensation table was $23,450,085.
Kontessa Haynes-Welsh
Chief Financial Officer · since 2026
Became CFO on Sept 1, 2026.
What they said, and what happened
4 delivered · 3 too early to tell
Said on Feb 6, 2025
ConocoPhillips said on Feb 6, 2025 that it expected 2025 production of 2.34–2.38 million barrels of oil equivalent a day.
DeliveredWhat happened
FY2025 production was 2,375 thousand barrels of oil equivalent a day.
Said on May 8, 2025
ConocoPhillips said on May 8, 2025 that it had lowered 2025 capital spending guidance to $12.3–12.6 billion, from about $12.9 billion.
DeliveredWhat happened
Capital expenditures and investments were $12,553 million in FY2025.
Said on Feb 17, 2026
ConocoPhillips said it aimed to sell $5 billion of assets by year-end 2026.
DeliveredWhat happened
The Q3 FY2026 10-Q says the target was reached in Q3 2026.
Said on Aug 6, 2026
ConocoPhillips said on Aug 6, 2026 that it expected Q3 2026 production of 2.29–2.32 million barrels of oil equivalent a day.
DeliveredWhat happened
Q3 FY2026 production was 2,302 thousand barrels of oil equivalent a day.
Said on Feb 17, 2026
ConocoPhillips said in its FY2025 10-K that it expected the Qatar North Field East LNG project to start up in the second half of 2026.
Too early to tellWhat happened
On Nov 5, 2026 management said it expects startup in the first half of 2027, citing QatarEnergy.
Said on Feb 5, 2026
ConocoPhillips said on Feb 5, 2026 that it aimed to return 45% of its CFO (the company's cash flow measure) to shareholders in 2026.
Too early to tellWhat happened
The company said on Nov 5, 2026 that it was on track. In the first nine months it paid $3,064 million in dividends and bought back $5,407 million of shares.
Said on Apr 30, 2026
ConocoPhillips said on Apr 30, 2026 that it expected 2026 production of 2.295–2.325 million barrels of oil equivalent a day, down from 2.33–2.36 million, because of Qatar and higher Surmont royalties.
Too early to tellWhat happened
Production was 2,309, 2,248 and 2,302 thousand barrels of oil equivalent a day in Q1, Q2 and Q3 FY2026.
Sources (12)
- 8-K filed Aug 11, 2026 (Item 5.02): Andy O’Brien to become President and CEO Sept 1, 2026; Ryan Lance to Executive Chair
- 2026 proxy statement (DEF 14A), annual meeting May 12, 2026
- Q4 FY2024 earnings release (8-K Exhibit 99.1)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Q1 FY2025 earnings release (8-K Exhibit 99.1)
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q2 FY2026 earnings release (8-K Exhibit 99.1)
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- Q3 FY2026 earnings call transcript, Nov 5, 2026 (LSEG StreetEvents, posted by the company)
- Q4 FY2025 earnings release (8-K Exhibit 99.1)
- Q3 FY2026 earnings release (8-K Exhibit 99.1)
- Q1 FY2026 earnings release (8-K Exhibit 99.1)
08What could go wrong
What could go wrong for ConocoPhillips?
- Raw-material prices
Oil and gas prices drive results
ConocoPhillips does not hedge its prices, its FY2025 10-K says. Brent averaged $63.69 in Q4 FY2025 and $104.52 in Q2 FY2026; quarterly net income went from $1,442 million to $3,931 million.
Watch The realized price and net income in each earnings release.
- Other
Middle East conflict and Qatar
Qatar LNG production "remained constrained through the third quarter of 2026", the 10-Q says; Qatar was 3.5% of 2025 production (Cityfort calculation from the FY2025 10-K: 82 of 2,375 thousand barrels of oil equivalent a day). Investments there of about $2.0 billion were not physically damaged, and the company saw no impairment indicators at Sep 30, 2026.
Watch Equity-affiliate gas production (1,009 million cubic feet a day in Q3 FY2026) and the North Field East start date.
- Legal
Lawsuits and a decommissioning order
The company faces climate suits it says have no factual or legal merit, a certified class action alleging misstatements by Concho Resources, and a federal order to decommission a legacy California offshore lease, which it intends to appeal.
Watch Rulings and any accruals in each 10-Q's contingencies note.
- Execution
Reserves must be replaced
ConocoPhillips replaced 80% of its 2025 production with new proved reserves; the three-year figure was 145%. Proved reserves fell from 7,812 million barrels of oil equivalent at end-2024 to 7,637 million at end-2025.
Watch The reserve replacement ratio in the FY2026 10-K.
- Debt
Payouts above free cash flow
Dividends plus buybacks were 126.0%, 113.8% and 124.4% of free cash flowCash from operations minus spending on buildings and equipment. Learn more in FY2023, FY2024 and FY2025 (Cityfort calculation from FY2025 10-K). Total debt was $18,937 million at end-2023 and $23,262 million on Sep 30, 2026, after taking on Marathon Oil's debt.
Watch Free cash flow against dividends and buybacks, and total debt, each quarter.
- Execution
Large projects take years
The company said on Nov 5, 2026 that Willow in Alaska, approved in Dec 2023, is on track for first oil in early 2029. Alaska took $3,607 million of FY2025 capital spending. Management said on Nov 5, 2026 that it expects Qatar's North Field East project to start in the first half of 2027.
Watch Alaska capital spending and Willow's first-oil date in each release.
- Concentration
One large pipeline customer
One unnamed pipeline company bought about $5.3 billion in FY2025, approximately 10 percent of sales, the FY2025 10-K says, and about 12 percent in FY2024.
Watch The customer disclosure in the FY2026 10-K segment note.
Sources (5)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q3 FY2026 earnings release (8-K Exhibit 99.1)
- Q3 FY2026 earnings call transcript, Nov 5, 2026 (LSEG StreetEvents, posted by the company)
09Both sides
What do supporters and critics point to?
What supporters point to
- Production rose from 1,567 thousand barrels of oil equivalent a day in FY2021 to 2,375 thousand in FY2025, with Marathon Oil.
- The company states long-term debt ratings of A (Fitch), A- (S&P) and A2 (Moody's), all stable.
- Net debt fell from $16,463 million at Dec 31, 2025 to $13,333 million on Sep 30, 2026 (Cityfort calculation from the Q3 FY2026 supplemental information).
- The quarterly dividend rose to $0.93 a share from $0.84, starting with the Q4 2026 payment.
- The company reached its $5 billion asset-sale target in Q3 2026, ahead of its year-end 2026 goal.
What critics point to
- Net income fell every year from $18.7 billion in FY2022 to $8.0 billion in FY2025.
- Dividends plus buybacks were $9,013 million in FY2025, against free cash flow of $7,243 million.
- FY2025 production rose 20%; after adjusting for acquisitions and sales it rose 2.5%, the company says.
- The company replaced 80% of its 2025 production with new proved reserves.
- Qatar's North Field East start moved from the second half of 2026 to the first half of 2027, management said on Nov 5, 2026.
10What to watch next
What should you watch next at ConocoPhillips?
Next event
Q4 FY2026 results
Date not announced yet.
Oil prices and quarterly profit
Q3 FY2026 net income was $4.0 billion with Brent averaging $97, against $1.7 billion a year earlier with Brent at $69.
Qatar output and North Field East
Equity-affiliate gas fell from 1,220 million cubic feet a day in Q4 FY2025 to 865 in Q2 FY2026, then 1,009 in Q3. Management said on Nov 5, 2026 that it expects North Field East to start in the first half of 2027.
Shareholder returns against cash flow
The company said on Nov 5, 2026 that it aims to return 45% of its CFO measure in 2026 and 2027. Buybacks were $2,401 million in Q3 FY2026, against $1,274 million a year earlier.
11Key dates
What are the key dates for ConocoPhillips?
| Event | Date | Source |
|---|---|---|
| Payment of the $0.93 quarterly dividendThe first payment at the raised rate, up from $0.84. | Q3 FY2026 earnings release (8-K Exhibit 99.1) |
12Key facts
Key facts about ConocoPhillips
- What does ConocoPhillips do?
- ConocoPhillips finds and produces crude oil, natural gas and natural gas liquids. In FY2025 ConocoPhillips produced 2,375 thousand barrels of oil equivalent a day and had sales and other operating revenues of $58,944 million. It has had no refineries since the 2012 spin-off of Phillips 66.
- How does ConocoPhillips make money, and what is its business model?
- ConocoPhillips' business model is producing oil and gas and selling it at market prices. In FY2025 ConocoPhillips' crude oil sales were $39,068 million, or 66.3% of sales, and natural gas sales were $8,854 million, or 15.0%. It also buys oil and gas from others to resell: those purchases cost $22,325 million in FY2025.
- Is ConocoPhillips profitable?
- ConocoPhillips was profitable in each year from FY2021 to FY2025. Its net income was $7,988 million in FY2025, down from $18,680 million in FY2022, and $4,001 million in Q3 FY2026 alone.
- What is ConocoPhillips' revenue by segment?
- ConocoPhillips reports five regional segments. Of its FY2025 sales of $58,944 million, Lower 48 (the US mainland) made $41,395 million, or 70.2%; EMENA (Europe, Middle East and North Africa) 11.0%; Alaska 9.6%; Canada 6.1%; and Asia Pacific 3.0%.
- Who are ConocoPhillips' customers?
- ConocoPhillips' FY2025 10-K names no customers. It says one unnamed pipeline company bought about $5.3 billion from its Lower 48 segment in FY2025, approximately 10 percent of sales. Buyers in the US paid 79.1% of FY2025 sales and buyers outside the US 20.9%.
- Who owns ConocoPhillips?
- ConocoPhillips is widely held, with one class of common stock. Vanguard Capital Management reported 7.52% at Mar 31, 2026 (13G filed Apr 29, 2026); the 2026 proxy lists BlackRock at 7.0% and State Street at 5.9%. Directors and executive officers as a group held less than 1% on Feb 16, 2026.
- How much oil and gas does ConocoPhillips produce?
- ConocoPhillips produced 2,375 thousand barrels of oil equivalent a day in FY2025, up from 1,567 thousand in FY2021, and 2,302 thousand in Q3 FY2026. Its proved reserves were 7,637 million barrels of oil equivalent at the end of 2025.
- How much of ConocoPhillips' sales come from crude oil, natural gas and gas liquids?
- In FY2025 ConocoPhillips sold $39,068 million of crude oil (66.3% of sales), $8,854 million of natural gas (15.0%), $3,705 million of natural gas liquids (6.3%) and $7,317 million of other products, including bitumen, power and LNG (12.4%).
- What did ConocoPhillips buy when it acquired Marathon Oil?
- ConocoPhillips completed its all-stock purchase of Marathon Oil on Nov 22, 2024, valued at $16.5 billion at closing. It issued about 143 million shares and took on about $4.6 billion of Marathon debt. Production rose from 1,987 thousand barrels of oil equivalent a day in FY2024 to 2,375 thousand in FY2025.
- How much does ConocoPhillips pay in dividends and buybacks?
- ConocoPhillips declared ordinary dividends of $3.18 a share in FY2025. In FY2025 ConocoPhillips paid $3,995 million in dividends and bought back $5,018 million of shares; in the first nine months of FY2026 it paid $3,064 million and bought back $5,407 million.
Sources (6)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Form 10-K, fiscal year 2023 (ended Dec 31, 2023)
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- Schedule 13G, Vanguard Capital Management, 7.52% (event date Mar 31, 2026)
- 2026 proxy statement (DEF 14A), annual meeting May 12, 2026
- Form 10-K, fiscal year 2024 (ended Dec 31, 2024)
Terms on this page
- Capital expenditures (capex)
- Customer concentration
- Debt-to-equity
- Earnings per share (EPS)
- Free cash flow
- Market cap
- Net debt
- Net margin
- P/E ratio
- Revenue vs net income
Each explains the term in plain English, with the same number from other companies on Cityfort.
Go deeper
More detail from the same filings. Open any section.
13What it sells
13What it sells
What does ConocoPhillips sell?
Crude oil
Its largest product: $39,068 million of FY2025 sales, or 66.3%. It produced 1,145 thousand barrels of crude a day in FY2025.
Natural gas
Gas from its fields: $8,854 million of FY2025 sales, or 15.0%. It produced 4,065 million cubic feet a day in FY2025.
Natural gas liquids
Liquids separated from natural gas: $3,705 million of FY2025 sales, or 6.3%, from 419 thousand barrels a day.
Bitumen, power, LNG and other
Heavy oil from the Surmont oil sands in Canada, power, liquefied natural gas (LNG) and other items: $7,317 million of FY2025 sales, or 12.4%.
Stakes in LNG ventures
Its share of profit from partly owned ventures, mainly APLNG in Australia and Qatar's LNG projects, is not in sales. These equity earnings were $1,335 million in FY2025.
Think of it like this
It works like a farm selling its harvest at the market price: it controls how much it grows and what that costs, but not the price.
What it does
- Does: Buys oil and gas from others to resell alongside its own: $22,325 million of purchases in FY2025.
- Does: Produced 1,484 thousand of its 2,375 thousand barrels of oil equivalent a day in the Lower 48 in FY2025.
- Does: Pays a quarterly dividend, raised to $0.93 a share from the Q4 2026 payment.
What it does not do
- Does not: Does not refine oil or market fuels: its downstream business was spun off as Phillips 66 in April 2012.
- Does not: Does not hedge its oil and gas prices, its FY2025 10-K says.
- Does not: Does not report an operating income line, or operating income by segment.
14How the money flows
14How the money flows · FY2025
How does money flow through ConocoPhillips?
Money in
- Sales and other operating revenues$58.9B
- Equity earnings, gains on asset sales and other income$2.6B
The company
ConocoPhillips
$61.5B came in
Money out
- Oil and gas bought from others to resell$22.3B
- Running fields, overheads and exploration$11.6B
- Depreciation, depletion and amortization$11.5B
- Income tax and other taxes$6.8B
- Interest and debt expense$855M
- Accretion, impairments, currency and other$435M
- Net income$8.0B
- Buyers paid ConocoPhillips $58.9 billion in FY2025; ventures, asset sales and other income added $2.6 billion.
- Oil and gas bought from others to resell took $22.3 billion, the largest cost.
- Running fields, overheads and exploration took $11.6 billion.
- Wear on wells and using up oil and gas fields took $11.5 billion; taxes took $6.8 billion.
- After $855 million of interest and $435 million of other costs, $8.0 billion was left as net income.
15What it needs to run
15What it needs to run
What does ConocoPhillips need to run?
Oil and gas reserves
Proved reserves were 7,637 million barrels of oil equivalent at the end of 2025, including 1,131 million in partly owned ventures. Production uses them up: it replaced 80% of what it produced in 2025.
Capital spending on wells and projects
Capital expenditures and investments were $12,553 million in FY2025, up from $5,324 million in FY2021. Lower 48 took $6,702 million and Alaska $3,607 million.
Oil and gas bought from others
Purchased commodities, oil and gas bought to resell, cost $22,325 million in FY2025, its largest cost.
Partners in joint ventures
Many fields and LNG plants are run with partners. The 10-K names reduced control over joint ventures as a risk.
People
About 9,900 employees in 14 countries at Dec 31, 2025: 62% in the US and 16% in Norway. About 9,600 at Sep 30, 2026.
16Where it sells
16Where it sells · FY2025
Where does ConocoPhillips sell?
- United States79%
- Outside the United States21%
17Competitors and what protects it
17Competitors and what protects it
Who does ConocoPhillips compete with?
ExxonMobil
NYSE: XOM
In ConocoPhillips' stock-performance peer group. ExxonMobil also refines and sells fuels and chemicals. Its FY2025 10-K reports revenues of $332,238 million and net income of $28,844 million.
Chevron
NYSE: CVX
In the peer group. Chevron also refines and sells fuels. Its FY2025 10-K reports total revenues and other income of $189,031 million and net income of $12,299 million.
EOG Resources
NYSE: EOG
In the peer group. Its FY2025 10-K reports revenues of $22,632 million and net income of $4,980 million.
Occidental Petroleum
NYSE: OXY
In the peer group. Its FY2025 10-K reports revenues of $21,593 million and net income of $2,369 million, of which $1,612 million was available to common stockholders after preferred dividends.
Devon Energy
NYSE: DVN
In the peer group. Its FY2025 10-K reports revenues of $17,188 million and net income of $2,642 million.
What protects the business
Each strength is scored 1 (weak) to 5 (strong) for the business, with the reason. It is not a rating of the share.
- Size of production and reserves4 of 5
ConocoPhillips produced 2,375 thousand barrels of oil equivalent a day in FY2025 and held 7,637 million barrels of oil equivalent of proved reserves at year-end.
- US shale position4 of 5
Lower 48 produced 1,484 thousand barrels of oil equivalent a day in FY2025 and made 70.2% of sales. In Q3 FY2026 the Delaware Basin alone produced 757 thousand.
- Long-life LNG and oil sands stakes3 of 5
Stakes in APLNG in Australia and Qatar's LNG ventures earned $1,335 million in FY2025. It has owned all of the Surmont oil sands in Canada since Oct 2023.
- Borrowing strength3 of 5
The company states long-term debt ratings of A from Fitch, A- from S&P and A2 from Moody's, all with a stable outlook. Debt was 27% of debt plus equity at Dec 31, 2025, as the company states it.
Weak spot
No control over prices
ConocoPhillips does not hedge its prices. Its average realized price fell from $54.83 per barrel of oil equivalent in FY2024 to $47.01 in FY2025, and net income fell from $9,245 million to $7,988 million.
Sources (11)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Exxon Mobil FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000034088-26-000045)
- Chevron FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000093410-26-000078)
- EOG Resources FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000821189-26-000054)
- Occidental Petroleum FY2025 10-K, XBRL facts Revenues, ProfitLoss, NetIncomeLossAvailableToCommonStockholdersBasic (accession 0001628280-26-009059)
- Devon Energy FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0001193125-26-056485)
- Q3 FY2026 earnings release (8-K Exhibit 99.1)
- Form 10-K, fiscal year 2023 (ended Dec 31, 2023)
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q4 FY2024 detailed supplemental information (8-K Exhibit 99.2), 2023 and 2024 quarters
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
18Where growth could come from
18Where growth could come from
Where could ConocoPhillips' growth come from?
ConocoPhillips said in its Q3 FY2026 earnings release (Nov 5, 2026) that it expects Q4 2026 production of 2.32–2.36 million barrels of oil equivalent a day, with full-year capital and cost guidance unchanged. On that day's call, its CFO said: "We anticipate capital spending to be modestly lower year-on-year" in 2027.
Lower 48 shale
Working1,517 thousand barrels of oil equivalent a day, Q3 FY2026
Up from 1,484 thousand in FY2025. The company says Lower 48 growth was more than offset in Q3 FY2026 by Qatar and higher Surmont royalties.
Status: Working, on track against what the company said.
Marathon Oil fields
Working2,375 thousand barrels of oil equivalent a day, FY2025
Production rose 388 thousand barrels of oil equivalent a day, or 20%, after the Nov 2024 purchase. The company says 57 thousand of that, 2.5%, was growth after adjusting for deals.
Status: Working, on track against what the company said.
Asset sales
Working$5 billion target reached, Q3 2026
The company reached its $5 billion disposition target in Q3 2026, ahead of its year-end 2026 goal, including about $1.7 billion of Lower 48 sales.
Status: Working, on track against what the company said.
Qatar LNG expansion (North Field East)
BehindStart moved to the first half of 2027
The FY2025 10-K expected startup in the second half of 2026. On Nov 5, 2026 management said it now expects startup in the first half of 2027, citing QatarEnergy.
Status: Behind, behind the company's own plan.
Willow in Alaska
EarlyFirst oil expected early 2029, the company said on Nov 5, 2026
The final investment decision came in Dec 2023. Alaska capital spending was $3,607 million in FY2025.
Status: Early, too early to judge.
Free cash flow plan to 2029
Early$7 billion more free cash flow by 2029, as the company expects
Management said on Feb 5, 2026 that a "$7 billion free cash flow inflection by 2029" would double 2025 free cash flow. On Nov 5, 2026 it tied this to a $70 WTI oil price.
Status: Early, too early to judge.
Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.
Sources (6)
- Q3 FY2026 earnings release (8-K Exhibit 99.1)
- Q3 FY2026 earnings call transcript, Nov 5, 2026 (LSEG StreetEvents, posted by the company)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q2 FY2026 earnings call transcript, Aug 6, 2026 (LSEG StreetEvents, posted by the company)
- Q4 FY2025 earnings call transcript, Feb 5, 2026 (LSEG StreetEvents, posted by the company)
19The company's own measures (non-GAAP)
19The company's own measures · FY2025 to Q3 FY2026
What do ConocoPhillips' own measures show?
Official (GAAP): Net income, FY2025
$8.0B
Company's own measure: Adjusted earnings, FY2025
$7.7B
The company leaves out special items, such as gains on asset sales and some tax items.
Official (GAAP): Diluted earnings per share, FY2025
$6.35
Company's own measure: Adjusted earnings per diluted share, FY2025
$6.16
Same adjustments as adjusted earnings, per diluted share.
Official (GAAP): Net income, Q3 FY2026
$4.0B
Company's own measure: Adjusted earnings, Q3 FY2026
$3.9B
The company leaves out a $126 million tax reserve reversal, a $13 million hedge gain, $33 million for pending claims and $23 million of deal and restructuring costs, all after tax.
Official (GAAP): Diluted earnings per share, Q3 FY2026
$3.34
Company's own measure: Adjusted earnings per diluted share, Q3 FY2026
$3.27
Same adjustments as adjusted earnings, per diluted share.
Official (GAAP): Net cash provided by operating activities, FY2025
$19.8B
Company's own measure: Cash from operations excluding working capital ("CFO"), FY2025
$19.9B
The company removes changes in operating working capital, the money tied up in day-to-day trading. Its 45% shareholder-return target is a share of this measure.
Official (GAAP): Net cash provided by operating activities, Q3 FY2026
$7.2B
Company's own measure: Free cash flow as the company defines it, Q3 FY2026
$4.0B
The company's CFO ($7,172 million) minus capital expenditures and investments ($3,133 million). The same subtraction from GAAP operating cash flow gives $4,062 million (Cityfort calculation from the Q3 FY2026 supplemental information).
These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.
Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out
20Financial strength and debt
20Financial strength · Sep 30, 2026
How much debt does ConocoPhillips have?
- Total debt$23.3B
- Cash and investments$9.9B
- Net debt (debt minus cash)$13.3B
- Net worth (shareholders' money)$66.0B
- Debt to equity
- 0.35×
- $ of debt for every $1 of shareholders' money
- Net debt ($13,333 million) and debt to equity (0.35) are Cityfort calculations from the Q3 FY2026 supplemental information; the 0.7 times is a Cityfort calculation from that and the FY2025 10-K. Cash here is $7,765 million of cash and $2,164 million of short-term investments; a further $1.1 billion of long-term investments is left out.
- Debt includes finance leases and leaves out operating leases. Debt was $24,324 million at Dec 31, 2024, after about $4.6 billion of Marathon Oil debt was taken on, and $23,444 million at Dec 31, 2025.
- The company states debt at 27% of debt plus equity at Dec 31, 2025. Interest coverage is left out because ConocoPhillips has no operating income line.
- A $5.5 billion revolving credit facility running to Feb 2030 was undrawn at Dec 31, 2025, with no commercial paper outstanding.
21Who owns it
21Who owns it · ownership as of Feb 16, 2026
Who owns ConocoPhillips?
- Officers and directors (as a group), shares
- 0.2%
Share classes
Holders of 5% or more
From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.
Insider trades · Form 4 data as of Nov 6, 2026
What did ConocoPhillips' insiders report trading?
ConocoPhillips' insiders made 64 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.
They reported 1 purchase (5,768.351 shares) and 15 sales (1.3 million shares) in the open market or privately (codes P and S).
None of the sales were on forms with the Rule 10b5-1 plan box checked.
The same filings report 41 other share transactions (M: 23, F: 16, G: 2).
They also report 51 transactions in options, stock units or other derivatives.
Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.
- P
- a purchase in the open market or privately
- S
- a sale in the open market or privately
- F
- shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
- M
- exercise or conversion of an option or other derivative, exempt under Rule 16b-3
- G
- a bona fide gift
Code meanings: General Instruction 8 of Form 4 (SEC).
The latest 25 of 57 transactions
Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of ConocoPhillips' Form 4 filings on EDGAR.
Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades
Sources (5)
22What it does with profit
22What it does with profit
What does ConocoPhillips do with its profit?
Dividend per share
$3.18FY2025
Dividend paid for each share, by financial year.
$ per share
See the numbers
Buyback · Dec 31, 2021
Shares repurchased in FY2021
$3.6B
Buyback · Dec 31, 2022
Shares repurchased in FY2022
$9.3B
Buyback · Dec 31, 2023
Shares repurchased in FY2023
$5.4B
Buyback · Dec 31, 2024
Shares repurchased in FY2024
$5.5B
Buyback · Dec 31, 2025
Shares repurchased in FY2025
$5.0B
Buyback · Sep 30, 2026
Shares repurchased in the first nine months of FY2026
$5.4B
23Governance signals
23Governance signals
What do ConocoPhillips' governance filings show?
- Auditor
- Ernst & Young LLP
- Auditor changes
- None in the period covered
- Audit qualifications
- None reported
- Related-party dealings
- The 2026 proxy lists three approved related-party transactions, all employment. A son-in-law of the former CFO was paid about $545,209 for 2025, including severance, and a son of the senior vice president for human resources about $163,309, both in non-executive jobs. Director Timothy A. Leach was also an employee until Aug 31, 2025.
- Credit rating
- Fitch, S&P and Moody's (as stated in ConocoPhillips' Q3 FY2026 10-Q) A (Fitch) / A- (S&P) / A2 (Moody's) (Stable at all three), Nov 5, 2026
A credit rating describes the company's ability to repay debt. It is not a rating of the share.
Flags to know about
other
Climate lawsuits
Since 2017, government bodies and individuals in several US states and territories have sued oil and gas companies, including ConocoPhillips, over alleged climate change impacts. ConocoPhillips says it believes the suits have no factual or legal merit.
other
Concho securities class action
A federal securities class action filed in July 2021 alleges that Concho Resources, which ConocoPhillips acquired in 2021, made materially false and misleading statements about its business. The class was certified on Apr 7, 2025. The company says the allegations are without merit.
regulatory
California offshore decommissioning order
In Nov 2020 the federal offshore safety regulator (BSEE) ordered the prior owners of a California offshore lease, including ConocoPhillips, to decommission its facilities, after the current owner abandoned them. Phillips Petroleum held 25% of the lease and sold its interest about 30 years ago. The Interior Board of Land Appeals upheld the order on Jun 9, 2026; the company intends to appeal.
other
Venezuela awards being collected
An international arbitration award of about $8.5 billion plus interest against Venezuela was upheld on Jan 22, 2025, and separate awards against the state oil company PDVSA exist. The company had received about $795 million through Sep 30, 2026.
disclosure
No operating income line
ConocoPhillips reports no operating income, overall or by segment, and its segment results are after tax. Its FY2025 10-K prints $58.39 as the 2024 realized price; this page uses $54.83 from the company's quarterly supplement, which gives $58.39 for 2023.
24What the market paid
24What the market paid · price as of Nov 5, 2026
What did the market pay for ConocoPhillips on Nov 5, 2026?
Price as of Nov 5, 2026 (shown for education; prices change daily).
Closing price of $135.46 on Nov 5, 2026, from Nasdaq's historical price table for COP. ConocoPhillips' shares trade on the NYSE. Market value of about $160.2 billion (Cityfort calculation from the Nov 5, 2026 closing price and Q3 FY2026 10-Q) = $135.46 × 1,182.3 million shares on Sep 30, 2026. P/E is price ÷ earnings per share: 14.2 on $9.52, the sum of diluted EPS for the four quarters to Sep 30, 2026 (Cityfort calculation from the Q3 FY2026 supplemental information), and 21.3 on FY2025's $6.35 (Cityfort calculation from FY2025 10-K). P/B = market value ÷ stockholders' equity of $65,991 million on Sep 30, 2026. Dividend yield = $3.72 (4 × the new $0.93 quarterly dividend) ÷ $135.46 = 2.75%. EV/EBITDA is blank because this page leaves EBITDA blank.
- Share price
- $135.46
- Market value (market cap)
- $160.2B
- P/E
- 14.2×
- P/B
- 2.4×
More price-based ratios · as of Nov 5, 2026
Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.
Price to sales (P/S)
2.4×
$160.2B market value ÷ $67.7B revenue (four quarters to Sep 30, 2026) = 2.4×
Cityfort calculation from the Nov 5, 2026 closing price and the Q4 FY2025 to Q3 FY2026 10-Qs and earnings releases. Source: COP historical daily prices, Nasdaq’s table for an NYSE-listed share (close of Nov 5, 2026: $135.46); Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026); Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters and 2 more
How price ratios workFree cash flow yield
4.5%
$7.2B free cash flow (FY2025) ÷ $160.2B market value = 4.5%
Cityfort calculation from the FY2025 10-K and the Nov 5, 2026 closing price. Source: COP historical daily prices, Nasdaq’s table for an NYSE-listed share (close of Nov 5, 2026: $135.46); Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026); Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters and 2 more
What free cash flow means
Shares used for the market value: 1,182.34 million ($135.46 × 1,182.34 million shares ≈ $160.2B). Source: Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026); Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
Source: COP historical daily prices, Nasdaq’s table for an NYSE-listed share (close of Nov 5, 2026: $135.46); Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026); Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters and 2 more
Sources (5)
- COP historical daily prices, Nasdaq’s table for an NYSE-listed share (close of Nov 5, 2026: $135.46)
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- Q3 FY2026 earnings release (8-K Exhibit 99.1)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
25How it got here
25How it got here
How did ConocoPhillips get here?
2002
Milestone
Conoco and Phillips merge
ConocoPhillips was formed by the merger of Conoco and Phillips Petroleum, completed on Aug 30, 2002.
2012
Business-model change
Refining spun off
Its refining and marketing (downstream) business was spun off as Phillips 66 in April 2012, leaving ConocoPhillips an oil and gas producer.
2021
Business-model change
Concho and Shell's Permian assets bought
It bought Concho Resources in an all-stock deal on Jan 15, 2021, and Shell's Delaware Basin assets in Dec 2021 for about $8.7 billion in cash.
2022
Milestone
Highest net income in the five years shown
Net income reached $18,680 million on sales of $78,494 million in FY2022.
2023
Milestone
Surmont bought out and Willow approved
It bought TotalEnergies' 50% of the Surmont oil sands in Oct 2023, and took the final investment decision on Willow in Alaska in Dec 2023.
2024
Business-model change
Marathon Oil acquired
The all-stock deal closed on Nov 22, 2024, valued at $16.5 billion, with about 143 million new shares issued.
2025
Milestone
Venezuela award upheld
An arbitration award of about $8.5 billion plus interest against Venezuela was upheld on Jan 22, 2025; about $795 million had been received on a separate award by Sep 30, 2026.
2026
Crisis
Middle East conflict and Qatar constraints
Brent averaged $63.69 in Q4 FY2025 and $104.52 in Q2 FY2026. Qatar LNG output was constrained from Q1 FY2026, and quarterly net income rose from $1,442 million to $3,931 million.
2026
Milestone
New CEO
Andy O'Brien became President and CEO on Sept 1, 2026; Ryan Lance became Executive Chair.
Sources (7)
- Form 10-K, fiscal year 2025 (ended Dec 31, 2025)
- Form 10-K, fiscal year 2022 (ended Dec 31, 2022)
- Form 10-K, fiscal year 2023 (ended Dec 31, 2023)
- Form 10-K, fiscal year 2024 (ended Dec 31, 2024)
- Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026)
- Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters
- 8-K filed Aug 11, 2026 (Item 5.02): Andy O’Brien to become President and CEO Sept 1, 2026; Ryan Lance to Executive Chair
26Sources and changes
Where every number on this page comes from
Sources (26 documents)
- S1Form 10-K, fiscal year 2025 (ended Dec 31, 2025) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 17, 2026
- S2Form 10-K, fiscal year 2024 (ended Dec 31, 2024) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2025
- S3Form 10-K, fiscal year 2023 (ended Dec 31, 2023) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 15, 2024
- S4Form 10-K, fiscal year 2022 (ended Dec 31, 2022) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 16, 2023
- S5Form 10-Q, Q3 FY2026 (quarter ended Sep 30, 2026) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2026
- S6Q3 FY2026 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2026
- S7Q3 FY2026 detailed supplemental information (8-K Exhibit 99.2), 2025 and 2026 quarters · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Nov 5, 2026
- S8Q2 FY2026 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Aug 6, 2026
- S9Q1 FY2026 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
- S10Q4 FY2025 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 5, 2026
- S13Q1 FY2025 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · May 8, 2025
- S14Q4 FY2024 earnings release (8-K Exhibit 99.1) · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 6, 2025
- S15Q4 FY2024 detailed supplemental information (8-K Exhibit 99.2), 2023 and 2024 quarters · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Feb 6, 2025
- S162026 proxy statement (DEF 14A), annual meeting May 12, 2026 · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Mar 30, 2026
- S178-K filed Aug 11, 2026 (Item 5.02): Andy O’Brien to become President and CEO Sept 1, 2026; Ryan Lance to Executive Chair · ConocoPhillips (SEC EDGAR) · Tier 1: company or exchange filing · Aug 11, 2026
- S20Schedule 13G, Vanguard Capital Management, 7.52% (event date Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
- S21Schedule 13G/A, The Vanguard Group, 0% after Jan 12, 2026 realignment · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2026
- S22COP historical daily prices, Nasdaq’s table for an NYSE-listed share (close of Nov 5, 2026: $135.46) · Nasdaq, Inc. · Tier 1: company or exchange filing · Nov 5, 2026
- S23Q4 FY2025 earnings call transcript, Feb 5, 2026 (LSEG StreetEvents, posted by the company) · ConocoPhillips · Tier 1: company or exchange filing · Feb 5, 2026
- S25Q2 FY2026 earnings call transcript, Aug 6, 2026 (LSEG StreetEvents, posted by the company) · ConocoPhillips · Tier 1: company or exchange filing · Aug 6, 2026
- S26Q3 FY2026 earnings call transcript, Nov 5, 2026 (LSEG StreetEvents, posted by the company) · ConocoPhillips · Tier 1: company or exchange filing · Nov 5, 2026
- S27EOG Resources FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000821189-26-000054) · EOG Resources (SEC EDGAR) · Tier 1: company or exchange filing · Feb 24, 2026
- S28Devon Energy FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0001193125-26-056485) · Devon Energy (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
- S29Occidental Petroleum FY2025 10-K, XBRL facts Revenues, ProfitLoss, NetIncomeLossAvailableToCommonStockholdersBasic (accession 0001628280-26-009059) · Occidental Petroleum (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
- S31Exxon Mobil FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000034088-26-000045) · Exxon Mobil (SEC EDGAR) · Tier 1: company or exchange filing · Feb 18, 2026
- S32Chevron FY2025 10-K, XBRL facts Revenues and NetIncomeLoss (accession 0000093410-26-000078) · Chevron (SEC EDGAR) · Tier 1: company or exchange filing · Feb 24, 2026
Changes to this page (v1 · Nov 6, 2026)
- v1 · Nov 6, 2026First version, through Q3 FY2026 (quarter ended Sep 30, 2026), from the 10-Q and earnings release filed Nov 5, 2026. (first version)
Numbers come only from tier 1 and tier 2 sources. Read how we research.
Disclaimer
For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.
Investing in securities involves risk, including loss of capital. Before making any investment decision, do your own research and consider consulting a registered investment adviser or other qualified professional.
Cityfort, its owners and contributors may or may not hold securities of companies covered. Cityfort is not paid by any company it covers. Content is not an offer or solicitation to buy or sell any security, including in any initial public offering.
Read the positions policyRead the full disclaimerHide the full disclaimer
Cityfort publishes general educational content that explains how listed companies work. Cityfort is not registered with the US Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not a broker-dealer or a member of FINRA. Cityfort does not provide investment, tax or legal advice, recommendations, ratings, price targets or any opinion on whether to buy, sell or hold any security. Nothing on the site is tailored to any person's circumstances.
All information is taken from publicly available sources, mainly company filings with the SEC, which are listed on each page with dates. We work to keep it accurate and correct errors publicly, but we do not guarantee that it is complete, accurate or up to date. Any market price or price-based ratio shown is dated, may be out of date by the time you read it, and is included only to explain concepts.
Statements by company management, including forward-looking statements and guidance, are reported as the company's statements, with their date and source; they are not our forecasts. Adjusted (non-GAAP) figures are the company's own measures and are shown next to the official (GAAP) figures.