Gross Profit for ConocoPhillips (COP)
According to ConocoPhillips's latest reported financial statements, the company's current gross profit (TTM) is $14.46B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$14.46B
YoY change
-9.8%
5Y CAGR
N/A
Peak year (2008)
$50.01B
Cumulative gross profit
$540.23B
Gross Profit history chart for ConocoPhillips (COP) from 1985 to 2025
Gross Profit history table for ConocoPhillips (COP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $14.46B | -9.8% | ||
| 2024 | $16.03B | -10.0% | ||
| 2023 | $17.81B | -39.9% | ||
| 2022 | $29.63B | +101.2% | ||
| 2021 | $14.73B | -2379.7% | ||
| 2020 | -$646.00M | -107.6% | ||
| 2019 | $8.55B | -19.2% | ||
| 2018 | $10.58B | +188.0% | ||
| 2017 | $3.67B | -226.3% | ||
| 2016 | -$2.91B | -9.5% | ||
| 2015 | -$3.21B | -126.9% | ||
| 2014 | $11.93B | -24.9% | ||
| 2013 | $15.89B | -11.4% | ||
| 2012 | $17.94B | -10.0% | ||
| 2011 | $19.93B | -39.5% | ||
| 2010 | $32.96B | +23.2% | ||
| 2009 | $26.75B | -46.5% | ||
| 2008 | $50.01B | +13.6% | ||
| 2007 | $44.02B | -4.8% | ||
| 2006 | $46.22B | +12.6% | ||
| 2005 | $41.04B | +146.3% | ||
| 2004 | $16.66B | -44.2% | ||
| 2003 | $29.88B | +103.5% | ||
| 2002 | $14.68B | +69.1% | ||
| 2001 | $8.68B | +0.8% | ||
| 2000 | $8.61B | +151.9% | ||
| 1999 | $3.42B | +19.2% | ||
| 1998 | $2.87B | -26.8% | ||
| 1997 | $3.92B | +9.4% | ||
| 1996 | $3.58B | +19.4% | ||
| 1995 | $3.00B | +12.8% | ||
| 1994 | $2.66B | +3.4% | ||
| 1993 | $2.57B | -2.2% | ||
| 1992 | $2.63B | -10.2% | ||
| 1991 | $2.93B | -13.6% | ||
| 1990 | $3.38B | +13.0% | ||
| 1989 | $3.00B | -9.8% | ||
| 1988 | $3.32B | +41.2% | ||
| 1987 | $2.35B | -1.6% | ||
| 1986 | $2.39B | -45.1% | ||
| 1985 | $4.35B | — |
Gross Profit values are taken from ConocoPhillips's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, ConocoPhillips (COP) reported gross profit of $14.46B – declined 9.8% year-over-year.
Between 2008 and 2025, ConocoPhillips gross profit plunged 71.1%, falling from $50.01B to $14.46B.
2008 marks the peak gross profit at $50.01B, with the historical low of -$3.21B recorded in 2015.
ConocoPhillips (COP) sits 5th of 8 Energy peers we track on this metric, against a peer median of $11.39B.
ConocoPhillips Gross Profit by Year
ConocoPhillips Gross Profit 2025: $14.46B
ConocoPhillips gross profit in 2025 was $14.46B, declined 9.8% below 2024.
ConocoPhillips Gross Profit 2024: $16.03B
ConocoPhillips gross profit in 2024 was $16.03B, declined 10.0% below 2023.
ConocoPhillips Gross Profit 2023: $17.81B
ConocoPhillips gross profit in 2023 was $17.81B, plunged 39.9% below 2022.
ConocoPhillips Gross Profit 2022: $29.63B
ConocoPhillips gross profit in 2022 was $29.63B, surged 101.2% from 2021.
ConocoPhillips Gross Profit 2021: $14.73B
ConocoPhillips gross profit in 2021 was $14.73B.
See more financial history for ConocoPhillips (COP).
Sector peers — Gross Profit
Companies in the same sector as ConocoPhillips, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Chevron Corporation (CVX) | $56.09B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| Kinder Morgan, Inc. (KMI) | $7.40B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is ConocoPhillips's gross profit?
- Latest reported gross profit for ConocoPhillips (COP) is $14.46B (period ending December 31, 2025).
How has ConocoPhillips gross profit changed year-over-year?
- ConocoPhillips (COP) gross profit changed -9.8% year-over-year on the latest annual filing.
When did ConocoPhillips gross profit hit its highest annual value?
- ConocoPhillips gross profit reached its highest annual value of $50.01B in 2008.
What was ConocoPhillips gross profit in 2024?
- ConocoPhillips (COP) gross profit in 2024 was $16.03B.
What was ConocoPhillips gross profit in 2025?
- ConocoPhillips (COP) gross profit in 2025 was $14.46B.
Metrics overview
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