ConocoPhillips (COP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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COP Revenue Growth
Revenue Breakdown (FY 2025)
COP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
COP Revenue Analysis (2014–2025)
As of May 6, 2026, ConocoPhillips (COP) generated trailing twelve-month (TTM) revenue of $58.31 billion, reflecting slight decline in growth of -2.5% year-over-year. The most recent quarter (Q1 2026) recorded $16.05 billion in revenue, up 20.6% sequentially.
Looking at the longer-term picture, COP's 5-year compound annual growth rate (CAGR) stands at +25.6%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $78.58 billion in 2022.
Revenue diversification analysis shows COP's business is primarily driven by Crude oil product line (76%), Natural Gas Product Line (17%), and Natural Gas Liquids (7%). With over half of revenue concentrated in Crude oil product line, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including EOG (+0.4% YoY), DVN (+6.7% YoY), and APA (-8.4% YoY), COP has underperformed the peer group in terms of revenue growth. Compare COP vs EOG →
COP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COPCurrent | $58.3B | -2.5% | +25.6% | 19.6% | |
 EOG | $22.6B | +0.4% | +18.0% | 35.1% | |
 DVN | $17.1B | +6.7% | +31.5% | 22.0% | |
 APA | $8.9B | -8.4% | +15.0% | 30.8% | |
 FANG | $15.0B | +18.3% | +39.8% | 32.7% | |
 OXY | $21.6B | -16.6% | +4.7% | 17.2% |
COP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $58.71B | +7.5% | $14.46B | 24.6% | $11.49B | 19.6% |
| 2024 | $54.61B | -2.6% | $16.03B | 29.3% | $12.78B | 23.4% |
| 2023 | $56.05B | -28.7% | $17.81B | 31.8% | $15.03B | 26.8% |
| 2022 | $78.58B | +70.6% | $29.63B | 37.7% | $25.64B | 32.6% |
| 2021 | $46.06B | +145.4% | $14.73B | 32.0% | $12.37B | 26.9% |
| 2020 | $18.77B | -42.1% | $-646,000,000 | -3.4% | $-1,830,000,000 | -9.8% |
| 2019 | $32.43B | -10.8% | $8.55B | 26.4% | $7.04B | 21.7% |
| 2018 | $36.37B | +25.3% | $10.58B | 29.1% | $9.13B | 25.1% |
| 2017 | $29.03B | +21.5% | $3.67B | 12.7% | $2.44B | 8.4% |
| 2016 | $23.89B | -18.6% | $-2,908,000,000 | -12.2% | $-4,370,000,000 | -18.3% |
Full COP Stock Analysis
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Start ComparisonCOP — Frequently Asked Questions
Quick answers to the most common questions about buying COP stock.
Is COP's revenue growth accelerating or slowing?
COP revenue growth slowed to -2.5%, below the 5-year CAGR of +25.6%. TTM revenue is $58.3B. The deceleration marks a shift from historical growth rates.
What is COP's long-term revenue growth rate?
ConocoPhillips's 5-year revenue CAGR of +25.6% reflects the variable expansion pattern. Current YoY growth of -2.5% is near this long-term average.
How is COP's revenue distributed by segment?
COP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.