TTM
18.3%
YoY change
−3.83pp
Trough year (2016)
-18.3%
Peak year (2022)
32.6%
Latest annual
19.6%
Operating Margin history chart for ConocoPhillips (COP) from 1985 to 2025
Latest: 19.6%
Operating Margin change chart for ConocoPhillips (COP) from 1985 to 2025
Latest: −3.83pp
Operating Margin history table for ConocoPhillips (COP) from 1985 to 2025
| 2025 | 19.6% | -3.83pp | ||
| 2024 | 23.4% | -3.41pp | ||
| 2023 | 26.8% | -5.82pp | ||
| 2022 | 32.6% | +5.76pp | ||
| 2021 | 26.9% | +36.62pp | ||
| 2020 | -9.8% | -31.46pp | ||
| 2019 | 21.7% | -3.40pp | ||
| 2018 | 25.1% | +16.71pp | ||
| 2017 | 8.4% | +26.69pp | ||
| 2016 | -18.3% | -1.02pp | ||
| 2015 | -17.3% | -34.78pp | ||
| 2014 | 17.5% | -4.76pp | ||
| 2013 | 22.3% | -0.55pp | ||
| 2012 | 22.8% | -1.00pp | ||
| 2011 | 23.8% | +16.38pp | ||
| 2010 | 7.4% | +1.06pp | ||
| 2009 | 6.4% | -4.90pp | ||
| 2008 | 11.3% | -0.85pp | ||
| 2007 | 12.1% | -1.79pp | ||
| 2006 | 13.9% | +2.53pp | ||
| 2005 | 11.4% | +0.10pp | ||
| 2004 | 11.3% | -10.82pp | ||
| 2003 | 22.1% | +6.00pp | ||
| 2002 | 16.1% | +1.42pp | ||
| 2001 | 14.7% | -12.42pp | ||
| 2000 | 27.1% | +15.42pp | ||
| 1999 | 11.7% | +2.87pp | ||
| 1998 | 8.8% | -5.42pp | ||
| 1997 | 14.2% | +2.45pp | ||
| 1996 | 11.8% | +1.73pp | ||
| 1995 | 10.1% | +1.06pp | ||
| 1994 | 9.0% | +2.25pp | ||
| 1993 | 6.8% | -0.56pp | ||
| 1992 | 7.3% | +0.47pp | ||
| 1991 | 6.8% | -6.08pp | ||
| 1990 | 12.9% | +3.48pp | ||
| 1989 | 9.5% | -6.24pp | ||
| 1988 | 15.7% | +7.84pp | ||
| 1987 | 7.9% | -0.07pp | ||
| 1986 | 7.9% | -7.98pp | ||
| 1985 | 15.9% | — |
- 202519.6%-3.83pp
- 202423.4%-3.41pp
- 202326.8%-5.82pp
- 202232.6%+5.76pp
- 202126.9%+36.62pp
- 2020-9.8%-31.46pp
- 201921.7%-3.40pp
- 201825.1%+16.71pp
- 20178.4%+26.69pp
- 2016-18.3%-1.02pp
- 2015-17.3%-34.78pp
- 201417.5%-4.76pp
- 201322.3%-0.55pp
- 201222.8%-1.00pp
- 201123.8%+16.38pp
- 20107.4%+1.06pp
- 20096.4%-4.90pp
- 200811.3%-0.85pp
- 200712.1%-1.79pp
- 200613.9%+2.53pp
- 200511.4%+0.10pp
- 200411.3%-10.82pp
- 200322.1%+6.00pp
- 200216.1%+1.42pp
- 200114.7%-12.42pp
- 200027.1%+15.42pp
- 199911.7%+2.87pp
- 19988.8%-5.42pp
- 199714.2%+2.45pp
- 199611.8%+1.73pp
- 199510.1%+1.06pp
- 19949.0%+2.25pp
- 19936.8%-0.56pp
- 19927.3%+0.47pp
- 19916.8%-6.08pp
- 199012.9%+3.48pp
- 19899.5%-6.24pp
- 198815.7%+7.84pp
- 19877.9%-0.07pp
- 19867.9%-7.98pp
- 198515.9%—
Operating 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 Operating Margin at ConocoPhillips (COP)
According to ConocoPhillips's latest reported financial statements, the company's latest reported operating margin is 18.3%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, ConocoPhillips (COP) operating margin totalled 19.58% – contracted 3.8 percentage points year-over-year.
32.63% stands as the all-time-high annual operating margin, posted in 2022, against a low of -18.29% during 2016.
ConocoPhillips Operating Margin by Year
ConocoPhillips Operating Margin 2025: 19.6%
2025's operating margin for ConocoPhillips came in at 19.58%, contracted 3.8 percentage points from 2024.
ConocoPhillips Operating Margin 2024: 23.4%
ConocoPhillips posted operating margin of 23.41% in 2024, contracted 3.4 percentage points from 2023.
ConocoPhillips Operating Margin 2023: 26.8%
In 2023, ConocoPhillips reported operating margin of 26.81%, contracted 5.8 percentage points from 2022.
ConocoPhillips Operating Margin 2022: 32.6%
ConocoPhillips operating margin in 2022 was 32.63%, expanded 5.8 percentage points from 2021. This figure represents the highest annual value in the available history.
ConocoPhillips Operating Margin 2021: 26.9%
ConocoPhillips operating margin in 2021 was 26.87%.
See more financial history for ConocoPhillips (COP).
Sector peers by Operating Margin
Energy peers of ConocoPhillips (COP), ranked by their latest operating margin
| 38.8% | |
| 15.8% | |
| 14.4% | |
| 9.0% | |
| 8.4% | |
| 5.0% | |
| 4.7% | |
| 4.6% |
- 15.8%
- 14.4%
- 8.4%
Frequently asked questions
ConocoPhillips (COP) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation