Filing Flows › ConocoPhillips (COP) › Q2 2026 › vs Q1 2026
ConocoPhillips (COP) Q2 2026 vs Q1 2026 (quarter over quarter)
ConocoPhillips's revenue rose $3.4B (+22%) from $15.8B in Q1 2026 to $19.2B in Q2 2026. Operating margin 31.7% against 21.3% (+10.4 pts).
ConocoPhillips, Q2 2026: revenue $19.2B (+37% year over year), operating margin 31.7%, net earnings $3.9B, operating cash flow $7.4B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.7% | 21.3% | +10.4 pts |
| Net margin | 20.5% | 13.9% | +6.7 pts |
| Free cash flow margin | 23.0% | 8.5% | +14.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $19.2B | $15.8B | $3.4B | +22% |
| Operating profit | $6.1B | $3.4B | $2.7B | +81% |
| Costs & expenses | $13.1B | $12.4B | $681M | +5% |
| Pre-tax earnings | $6.1B | $3.4B | $2.7B | +81% |
| Cost of revenue | $6.7B | $6.3B | $429M | +7% |
| SG&A | $188M | $193M | −$5.0M | -3% |
| Other operating costs | $6.2B | $5.9B | $257M | +4% |
| Net earnings | $3.9B | $2.2B | $1.7B | +80% |
| Income tax | $2.2B | $1.2B | $971M | +82% |
| Depreciation & amortization | $3.0B | $2.9B | $77.0M | +3% |
| Working capital & other | $520M | −$794M | $1.3B | — |
| Operating cash flow | $7.4B | $4.3B | $3.1B | +73% |
| Free cash flow (OCF − capex) | $4.4B | $1.3B | $3.1B | +227% |
| Capital expenditures | $3.0B | $2.9B | $76.0M | +3% |
Questions
How much did ConocoPhillips's revenue grow quarter over quarter in Q2 2026?
ConocoPhillips's revenue rose $3.4B (+22%) from $15.8B in Q1 2026 to $19.2B in Q2 2026. Operating margin 31.7% against 21.3% (+10.4 pts).