What is ConocoPhillips's EBITDA margin?

Latest reported EBITDA margin for ConocoPhillips (COP) is 38.48% as of the trailing twelve months (TTM) ending March 31, 2026.

How has ConocoPhillips EBITDA margin changed year-over-year?

ConocoPhillips (COP) EBITDA margin changed −5.3 percentage points year-over-year on the latest annual filing.

When did ConocoPhillips EBITDA margin hit its highest annual value?

ConocoPhillips EBITDA margin reached its highest annual value of 52.86% in 2019.

What was ConocoPhillips EBITDA margin in 2024?

ConocoPhillips (COP) EBITDA margin in 2024 was 44.72%.

What was ConocoPhillips EBITDA margin in 2025?

ConocoPhillips (COP) EBITDA margin in 2025 was 39.47%.

ConocoPhillips (COP) EBITDA Margin — Annual & Quarterly %

TTM

38.5%

YoY change

−5.25pp

Trough year (2008)

3.1%

Peak year (2019)

52.9%

EBITDA Margin history chart for ConocoPhillips (COP) from 1985 to 2025

Latest: 39.5%

EBITDA Margin change chart for ConocoPhillips (COP) from 1985 to 2025

Latest: −5.25pp

EBITDA Margin history table for ConocoPhillips (COP) from 1985 to 2025


2025	39.5%	-5.25pp	Dec 31, 2025	Feb 17, 2026
2024	44.7%	-1.27pp	Dec 31, 2024	Feb 18, 2025
2023	46.0%	-1.25pp	Dec 31, 2023	Feb 15, 2024
2022	47.2%	+1.45pp	Dec 31, 2022	Feb 16, 2023
2021	45.8%	+21.69pp	Dec 31, 2021	Feb 17, 2022
2020	24.1%	-28.76pp	Dec 31, 2020	Feb 16, 2021
2019	52.9%	+5.81pp	Dec 31, 2019	Feb 18, 2020
2018	47.0%	+25.50pp	Dec 31, 2018	Feb 19, 2019
2017	21.6%	-5.18pp	Dec 31, 2017	Feb 20, 2018
2016	26.7%	+5.11pp	Dec 31, 2016	Feb 21, 2017
2015	21.6%	-16.87pp	Dec 31, 2015	Feb 23, 2016
2014	38.5%	-4.33pp	Dec 31, 2014	Feb 24, 2015
2013	42.8%	+1.66pp	Dec 31, 2013	Feb 25, 2014
2012	41.2%	+3.13pp	Dec 31, 2012	Feb 19, 2013
2011	38.0%	+21.80pp	Dec 31, 2011	Feb 21, 2012
2010	16.2%	+1.85pp	Dec 31, 2010	Mar 25, 2011
2009	14.4%	+11.25pp	Dec 31, 2009	Feb 25, 2010
2008	3.1%	-14.86pp	Dec 31, 2008	Feb 25, 2009
2007	18.0%	-2.38pp	Dec 31, 2007	Feb 22, 2008
2006	20.4%	+4.28pp	Dec 31, 2006	Feb 23, 2007
2005	16.1%	+0.30pp	Dec 31, 2005	Feb 27, 2006
2004	15.8%	-9.64pp	Dec 31, 2004	Feb 25, 2005
2003	25.4%	+5.43pp	Dec 31, 2003	Mar 2, 2004
2002	20.0%	-0.06pp	Dec 31, 2002	Mar 26, 2003
2001	20.1%	-12.24pp	Dec 31, 2001	Dec 31, 2001
2000	32.3%	+14.10pp	Dec 31, 2000	Dec 31, 2000
1999	18.2%	+1.79pp	Dec 31, 1999	Dec 31, 1999
1998	16.4%	-2.99pp	Dec 31, 1998	Dec 31, 1998
1997	19.4%	+1.65pp	Dec 31, 1997	Dec 31, 1997
1996	17.8%	+1.24pp	Dec 31, 1996	Dec 31, 1996
1995	16.5%	+1.08pp	Dec 31, 1995	Dec 31, 1995
1994	15.4%	+1.96pp	Dec 31, 1994	Dec 31, 1994
1993	13.5%	-0.61pp	Dec 31, 1993	Dec 31, 1993
1992	14.1%	-1.75pp	Dec 31, 1992	Dec 31, 1992
1991	15.8%	-2.89pp	Dec 31, 1991	Dec 31, 1991
1990	18.7%	+0.40pp	Dec 31, 1990	Dec 31, 1990
1989	18.3%	-4.94pp	Dec 31, 1989	Dec 31, 1989
1988	23.2%	+6.79pp	Dec 31, 1988	Dec 31, 1988
1987	16.5%	-2.68pp	Dec 31, 1987	Dec 31, 1987
1986	19.1%	-3.43pp	Dec 31, 1986	Dec 31, 1986
1985	22.6%	—	Dec 31, 1985	Dec 31, 1985

202539.5%-5.25pp
202444.7%-1.27pp
202346.0%-1.25pp
202247.2%+1.45pp
202145.8%+21.69pp
202024.1%-28.76pp
201952.9%+5.81pp
201847.0%+25.50pp
201721.6%-5.18pp
201626.7%+5.11pp
201521.6%-16.87pp
201438.5%-4.33pp
201342.8%+1.66pp
201241.2%+3.13pp
201138.0%+21.80pp
201016.2%+1.85pp
200914.4%+11.25pp
20083.1%-14.86pp
200718.0%-2.38pp
200620.4%+4.28pp
200516.1%+0.30pp
200415.8%-9.64pp
200325.4%+5.43pp
200220.0%-0.06pp
200120.1%-12.24pp
200032.3%+14.10pp
199918.2%+1.79pp
199816.4%-2.99pp
199719.4%+1.65pp
199617.8%+1.24pp
199516.5%+1.08pp
199415.4%+1.96pp
199313.5%-0.61pp
199214.1%-1.75pp
199115.8%-2.89pp
199018.7%+0.40pp
198918.3%-4.94pp
198823.2%+6.79pp
198716.5%-2.68pp
198619.1%-3.43pp
198522.6%—

EBITDA Margin values are taken from ConocoPhillips's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at ConocoPhillips (COP)

According to ConocoPhillips's latest reported financial statements, the company's latest reported EBITDA margin is 38.5%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending March 31, 2026 (reported April 30, 2026). Chart and table below cover the full reported history back to 1985.

As of the 2025 fiscal year, ConocoPhillips (COP) reported EBITDA margin of 39.47% – contracted 5.3 percentage points year-over-year.

Across the available history, EBITDA margin reached its high of 52.86% in 2019 and its low of 3.13% in 2008.

ConocoPhillips EBITDA Margin by Year

ConocoPhillips EBITDA Margin 2025: 39.5%

2025's EBITDA margin for ConocoPhillips came in at 39.47%, contracted 5.3 percentage points from 2024.

ConocoPhillips EBITDA Margin 2024: 44.7%

ConocoPhillips posted EBITDA margin of 44.72% in 2024, contracted 1.3 percentage points from 2023.

ConocoPhillips EBITDA Margin 2023: 46.0%

In 2023, ConocoPhillips reported EBITDA margin of 46.00%, contracted 1.3 percentage points from 2022.

ConocoPhillips EBITDA Margin 2022: 47.2%

ConocoPhillips EBITDA margin in 2022 was 47.25%, expanded 1.5 percentage points from 2021.

ConocoPhillips EBITDA Margin 2021: 45.8%

ConocoPhillips EBITDA margin in 2021 was 45.79%.

See more financial history for ConocoPhillips (COP).

Sector peers by EBITDA Margin

Energy peers of ConocoPhillips (COP), ranked by their latest EBITDA margin


Williams Companies (WMB)	59.5%
Enbridge (ENB)	27.6%
Chevron (CVX)	21.8%
SLB (SLB)	19.6%
Exxon Mobil (XOM)	18.5%
Marathon Petroleum (MPC)	9.1%
Phillips 66 (PSX)	8.5%
Valero Energy (VLO)	7.2%

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