Filing Flows › ConocoPhillips (COP) › Q3 2026 › vs Q3 2025
ConocoPhillips (COP) Q3 2026 vs Q3 2025 (year over year)
ConocoPhillips's revenue rose $4.4B (+29%) from $15.0B in Q3 2025 to $19.4B in Q3 2026. The biggest changes: Lower 48 +$2.7B (+26%); EMENA +$986M (+62%); Alaska Segment +$339M (+23%). Operating margin 30.8% against 19.5% (+11.3 pts).
ConocoPhillips, Q3 2026: revenue $19.4B (+29% year over year), operating margin 30.8%, net earnings $4.0B, operating cash flow $7.2B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 30.8% | 19.5% | +11.3 pts |
| Net margin | 20.6% | 11.5% | +9.1 pts |
| Free cash flow margin | 20.9% | 20.0% | +0.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Lower 48 | $13.2B | $10.5B | $2.7B | +26% |
| EMENA | $2.6B | $1.6B | $986M | +62% |
| Alaska Segment | $1.8B | $1.4B | $339M | +23% |
| Canada Operating Segment | $1.2B | $941M | $280M | +30% |
| Asia Pacific Operating Segment | $630M | $515M | $115M | +22% |
| Revenue | $19.4B | $15.0B | $4.4B | +29% |
| Operating profit | $6.0B | $2.9B | $3.1B | +104% |
| Costs & expenses | $13.5B | $12.1B | $1.4B | +11% |
| Pre-tax earnings | $6.0B | $2.9B | $3.1B | +104% |
| Cost of revenue | $7.4B | $5.9B | $1.6B | +27% |
| SG&A | $219M | $271M | −$52.0M | -19% |
| Other operating costs | $5.8B | $6.0B | −$164M | -3% |
| Net earnings | $4.0B | $1.7B | $2.3B | +132% |
| Income tax | $2.0B | $1.2B | $779M | +65% |
| Depreciation & amortization | $3.0B | $2.9B | $88.0M | +3% |
| Working capital & other | $189M | $1.2B | −$1.0B | -85% |
| Operating cash flow | $7.2B | $5.9B | $1.3B | +22% |
| Free cash flow (OCF − capex) | $4.1B | $3.0B | $1.1B | +35% |
| Capital expenditures | $3.1B | $2.9B | $267M | +9% |
Questions
How much did ConocoPhillips's revenue grow year over year in Q3 2026?
ConocoPhillips's revenue rose $4.4B (+29%) from $15.0B in Q3 2025 to $19.4B in Q3 2026.
What drove ConocoPhillips's revenue change in Q3 2026?
Lower 48 +$2.7B (+26%); EMENA +$986M (+62%); Alaska Segment +$339M (+23%).