Filing Flows › ConocoPhillips (COP) › Q2 2026 › vs Q2 2025
ConocoPhillips (COP) Q2 2026 vs Q2 2025 (year over year)
ConocoPhillips's revenue rose $5.2B (+37%) from $14.0B in Q2 2025 to $19.2B in Q2 2026. Operating margin 31.7% against 21.5% (+10.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.7% | 21.5% | +10.2 pts |
| Net margin | 20.5% | 14.1% | +6.4 pts |
| Free cash flow margin | 23.0% | 1.4% | +21.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $19.2B | $14.0B | $5.2B | +37% |
| Operating profit | $6.1B | $3.0B | $3.1B | +102% |
| Costs & expenses | $13.1B | $11.0B | $2.1B | +19% |
| Pre-tax earnings | $6.1B | $3.0B | $3.1B | +102% |
| Cost of revenue | $6.7B | $5.1B | $1.6B | +32% |
| SG&A | $188M | $250M | −$62.0M | -25% |
| Other operating costs | $6.2B | $5.7B | $527M | +9% |
| Net earnings | $3.9B | $2.0B | $2.0B | +99% |
| Income tax | $2.2B | $1.0B | $1.1B | +106% |
| Depreciation & amortization | $3.0B | $2.8B | $145M | +5% |
| Working capital & other | $520M | −$1.3B | $1.8B | — |
| Operating cash flow | $7.4B | $3.5B | $3.9B | +113% |
| Free cash flow (OCF − capex) | $4.4B | $199M | $4.2B | 22× |
| Capital expenditures | $3.0B | $3.3B | −$262M | -8% |
Questions
How much did ConocoPhillips's revenue grow year over year in Q2 2026?
ConocoPhillips's revenue rose $5.2B (+37%) from $14.0B in Q2 2025 to $19.2B in Q2 2026. Operating margin 31.7% against 21.5% (+10.2 pts).