ConocoPhillips (COP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown (FY 2024)
COP's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
COP Revenue Analysis (2014–2025)
As of February 28, 2026, ConocoPhillips (COP) generated trailing twelve-month (TTM) revenue of $59.67 billion, reflecting slight decline in growth of -0.3% year-over-year. The most recent quarter (Q4 2025) recorded $14.20 billion in revenue, down 5.5% sequentially.
Looking at the longer-term picture, COP's 5-year compound annual growth rate (CAGR) stands at +26.0%, 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 (71%), Natural Gas Product Line (12%), and Other Products (12%). 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 OXY (-7.9% YoY), WDS (-15.1% YoY), and CTRA (-49.6% YoY), COP has outperformed the peer group in terms of revenue growth. Compare COP vs OXY →
Peer Comparison
Compare COP's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| COPCurrent | $59.7B | -0.3% | +26.0% | 19.8% | |
| OXY | $21.6B | -7.9% | +4.7% | 17.2% | |
| WDS | $13.0B | -15.1% | +29.2% | 29.8% | |
| CTRA | $2.8B | -49.6% | +14.4% | 89.1% | |
| APA | $8.9B | -8.4% | +15.0% | 30.8% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $59.67B | +9.3% | $20.98B | 35.2% | $11.84B | 19.8% |
| 2024 | $54.61B | -2.7% | $16.03B | 29.3% | $12.78B | 23.4% |
| 2023 | $56.14B | -28.6% | $18.20B | 32.4% | $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% |
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Start ComparisonFrequently Asked Questions
Is COP's revenue growth accelerating or slowing?
COP revenue growth slowed to -0.3%, below the 5-year CAGR of +26.0%. TTM revenue is $59.7B. 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 +26.0% reflects the variable expansion pattern. Current YoY growth of -0.3% 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.