ConocoPhillips (COP) Revenue & Revenue Breakdown
ConocoPhillips Revenue Highlights
Latest Revenue (Y)
$82.16B
Latest Revenue (Q)
$14.14B
Main Segment (Y)
Natural Gas Product Line
Main Geography (Y)
UNITED STATES
ConocoPhillips Revenue by Period
ConocoPhillips Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $82.16B | 4.67% |
| 2022-12-31 | $78.49B | 71.28% |
| 2021-12-31 | $45.83B | 143.97% |
| 2020-12-31 | $18.78B | -42.32% |
| 2019-12-31 | $32.57B | -10.57% |
| 2018-12-31 | $36.42B | 25.12% |
| 2017-12-31 | $29.11B | 22.85% |
| 2016-12-31 | $23.69B | -19.86% |
| 2015-12-31 | $29.56B | -43.71% |
| 2014-12-31 | $52.52B | -3.47% |
| 2013-12-31 | $54.41B | -6.13% |
| 2012-12-31 | $57.97B | -76.55% |
| 2011-12-31 | $247.15B | 24.41% |
| 2010-12-31 | $198.66B | 29.98% |
| 2009-12-31 | $152.84B | -37.92% |
| 2008-12-31 | $246.18B | 26.57% |
| 2007-12-31 | $194.50B | 16.06% |
| 2006-12-31 | $167.58B | -8.61% |
| 2005-12-31 | $183.36B | 33.92% |
| 2004-12-31 | $136.92B | 49.87% |
| 2003-12-31 | $91.36B | 59.65% |
| 2002-12-31 | $57.22B | 136.57% |
| 2001-12-31 | $24.19B | 13.95% |
| 2000-12-31 | $21.23B | 53.24% |
| 1999-12-31 | $13.85B | 16.94% |
| 1998-12-31 | $11.85B | -23.20% |
| 1997-12-31 | $15.42B | -2.42% |
| 1996-12-31 | $15.81B | 16.91% |
| 1995-12-31 | $13.52B | 9.33% |
| 1994-12-31 | $12.37B | -1.42% |
| 1993-12-31 | $12.54B | - |
ConocoPhillips generated $82.16B in revenue during NA 2023, up 4.67% compared to the previous quarter, and up 225.60% compared to the same period a year ago.
ConocoPhillips Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $14.14B | 2.08% |
| 2024-03-31 | $13.85B | -5.44% |
| 2023-12-31 | $14.64B | 2.76% |
| 2023-09-30 | $14.25B | 15.38% |
| 2023-06-30 | $12.35B | -16.61% |
| 2023-03-31 | $14.81B | -20.19% |
| 2022-12-31 | $18.56B | -11.68% |
| 2022-09-30 | $21.01B | -0.70% |
| 2022-06-30 | $21.16B | 19.14% |
| 2022-03-31 | $17.76B | 17.47% |
| 2021-12-31 | $15.12B | 33.50% |
| 2021-09-30 | $11.33B | 18.52% |
| 2021-06-30 | $9.56B | -2.75% |
| 2021-03-31 | $9.83B | 78.95% |
| 2020-12-31 | $5.49B | 25.19% |
| 2020-09-30 | $4.39B | 59.55% |
| 2020-06-30 | $2.75B | -55.36% |
| 2020-03-31 | $6.16B | -20.11% |
| 2019-12-31 | $7.71B | -0.62% |
| 2019-09-30 | $7.76B | -2.48% |
| 2019-06-30 | $7.95B | -13.08% |
| 2019-03-31 | $9.15B | -5.34% |
| 2018-12-31 | $9.67B | 2.30% |
| 2018-09-30 | $9.45B | 11.11% |
| 2018-06-30 | $8.50B | -3.34% |
| 2018-03-31 | $8.80B | 8.36% |
| 2017-12-31 | $8.12B | 21.40% |
| 2017-09-30 | $6.69B | -1.37% |
| 2017-06-30 | $6.78B | -9.80% |
| 2017-03-31 | $7.52B | 10.41% |
| 2016-12-31 | $6.81B | 6.14% |
| 2016-09-30 | $6.42B | 19.95% |
| 2016-06-30 | $5.35B | 4.43% |
| 2016-03-31 | $5.12B | -18.62% |
| 2015-12-31 | $6.29B | -13.34% |
| 2015-09-30 | $7.26B | -12.43% |
| 2015-06-30 | $8.29B | 7.48% |
| 2015-03-31 | $7.72B | -31.16% |
| 2014-12-31 | $11.21B | -7.22% |
| 2014-09-30 | $12.08B | -12.60% |
| 2014-06-30 | $13.82B | -10.34% |
| 2014-03-31 | $15.41B | 16.30% |
| 2013-12-31 | $13.25B | -2.85% |
| 2013-09-30 | $13.64B | 2.19% |
| 2013-06-30 | $13.35B | -5.76% |
| 2013-03-31 | $14.17B | 11.84% |
| 2012-12-31 | $12.67B | -13.72% |
| 2012-09-30 | $14.68B | 0.29% |
| 2012-06-30 | $14.64B | -74.38% |
| 2012-03-31 | $57.13B | -7.53% |
| 2011-12-31 | $61.79B | -0.87% |
| 2011-09-30 | $62.33B | -5.27% |
| 2011-06-30 | $65.80B | 14.98% |
| 2011-03-31 | $57.23B | 10.64% |
| 2010-12-31 | $51.73B | 9.57% |
| 2010-09-30 | $47.21B | 3.33% |
| 2010-06-30 | $45.69B | -0.17% |
| 2010-03-31 | $45.76B | 4.90% |
| 2009-12-31 | $43.63B | 5.62% |
| 2009-09-30 | $41.30B | 12.76% |
| 2009-06-30 | $36.63B | 17.10% |
| 2009-03-31 | $31.28B | -30.34% |
| 2008-12-31 | $44.90B | -37.09% |
| 2008-09-30 | $71.37B | -2.70% |
| 2008-06-30 | $73.35B | 33.65% |
| 2008-03-31 | $54.88B | 1.08% |
| 2007-12-31 | $54.30B | - |
ConocoPhillips generated $14.14B in revenue during Q2 2024, up 2.08% compared to the previous quarter, and up 95.44% compared to the same period a year ago.
ConocoPhillips Revenue Breakdown
ConocoPhillips Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Financial Derivative Contracts | $-584.00M | $295.00M | $-262.00M | - | - |
| Other Products | $1.44B | $1.29B | $709.00M | $443.00M | $441.00M |
| Natural Gas Product Line | $6.62B | $15.37B | $10.03B | $4.34B | $5.31B |
| Crude oil product line | $143.00M | $495.00M | $757.00M | $395.00M | $804.00M |
| Revenues from contracts outside the scope of ASC Topic 606 relate primarily to physical gas contracts at market prices which qualify as derivatives accounted for under ASC Topic 815 Derivatives and Hedging and for which we have not elected NPNS. | - | - | - | $-55.00M | $-97.00M |
ConocoPhillips's latest annual revenue breakdown by segment (product or service), as of Dec 23: Natural Gas Product Line (86.91%), Other Products (18.87%), Crude oil product line (1.88%), and Financial Derivative Contracts (-7.67%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Natural Gas Product Line | $715.00M | $1.20B | $1.50B | $1.27B | $1.12B | $2.73B | $3.99B | $4.36B | $4.25B | $2.77B | $3.61B | $2.19B | $1.50B | $2.73B | $1.44B | $1.04B | $763.00M | $1.09B | $1.29B | $1.16B |
| Other Products | $235.00M | $366.00M | $414.00M | $423.00M | $246.00M | $355.00M | $536.00M | $510.00M | $93.00M | $148.00M | $301.00M | $213.00M | $72.00M | $123.00M | $124.00M | $138.00M | $67.00M | $114.00M | $101.00M | $104.00M |
| Crude oil product line | $53.00M | - | - | - | $96.00M | $47.00M | $65.00M | $147.00M | $64.00M | $219.00M | $240.00M | $215.00M | $178.00M | $124.00M | $177.00M | $100.00M | $26.00M | $92.00M | $185.00M | $266.00M |
| Financial Derivative Contracts | - | - | - | $-46.00M | $-129.00M | $-280.00M | $124.00M | $33.00M | $22.00M | $116.00M | $172.00M | $-174.00M | $49.00M | $-309.00M | $28.00M | $-26.00M | $-49.00M | $-13.00M | - | - |
| Revenues from contracts outside the scope of ASC Topic 606 relate primarily to physical gas contracts at market prices which qualify as derivatives accounted for under ASC Topic 815 Derivatives and Hedging and for which we have not elected NPNS. | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-8.00M | $-43.00M | - | - | - | - |
ConocoPhillips's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Natural Gas Product Line (71.29%), Other Products (23.43%), and Crude oil product line (5.28%).
ConocoPhillips Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| UNITED STATES | $45.10B | $60.90B | - | - | - |
| AUSTRALIA | - | - | $605.00M | $1.65B | - |
| CANADA | $3.01B | $3.71B | $1.26B | $1.77B | - |
| CHINA | $952.00M | $1.14B | $460.00M | $772.00M | - |
| INDONESIA | - | $159.00M | $689.00M | $875.00M | - |
| LIBYA | $1.73B | $1.58B | - | - | - |
| MALAYSIA | $961.00M | $1.31B | $610.00M | $1.23B | - |
| NORWAY | $2.41B | $3.42B | $1.43B | $2.35B | - |
| Non-US | $5.00M | $5.00M | - | - | - |
| China | - | - | $724.00M | - | - |
| U.S. | - | - | $34.85B | $21.16B | - |
| Other foreign Countries | - | - | $8.00M | - | - |
| Norway | - | - | $2.56B | - | - |
| Malaysia | - | - | $975.00M | - | - |
| Libya | - | - | $1.10B | $155.00M | $1.10B |
| Indonesia | - | - | $879.00M | - | - |
| CA | - | - | $2.49B | - | - |
| Segment Geographical Groups of Countries Other | - | - | - | $12.00M | $14.00M |
| US | - | - | - | $13.23B | - |
ConocoPhillips's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (83.27%), CANADA (5.55%), NORWAY (4.45%), LIBYA (3.19%), MALAYSIA (1.77%), CHINA (1.76%), and Non-US (0.01%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Europe | $1.30B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| CANADA | $1.55B | $936.00M | $906.00M | $808.00M | $449.00M | $843.00M | $1.01B | $764.00M | $1.07B | $869.00M | $435.00M | $454.00M | - | - | - | - | - | - | - | - |
| Lower 48 | $9.05B | $10.98B | $11.71B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Alaska Segment | $1.78B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Asia Pacific and Middle East | $543.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Libya | - | $500.00M | $521.00M | $269.00M | $313.00M | $290.00M | $230.00M | $6.00M | - | $44.00M | $288.00M | - | - | - | - | - | - | - | - | - |
| MALAYSIA | - | $261.00M | $192.00M | $319.00M | $189.00M | $261.00M | $313.00M | $345.00M | $336.00M | $318.00M | $163.00M | $302.00M | - | - | - | - | - | - | - | - |
| NORWAY | - | $624.00M | $591.00M | $589.00M | $577.00M | $651.00M | $704.00M | $1.04B | $737.00M | $932.00M | $380.00M | $568.00M | - | - | - | - | - | - | - | - |
| International | - | $1.00M | $2.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| UNITED KINGDOM | - | $333.00M | $527.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| CHINA | - | $213.00M | $281.00M | $225.00M | $244.00M | $202.00M | $288.00M | $273.00M | $301.00M | $273.00M | $86.00M | $179.00M | - | - | - | - | - | - | - | - |
| Non-US | - | - | $2.00M | $1.00M | $1.00M | $1.00M | $2.00M | $1.00M | $1.00M | $1.00M | - | - | - | - | - | - | - | - | - | - |
| UNITED STATES | - | - | $11.71B | $11.55B | $10.04B | $11.80B | $14.28B | $16.27B | $16.80B | $13.55B | - | - | - | - | - | - | - | - | - | - |
| LIBYA | - | - | $521.00M | $392.00M | $447.00M | $370.00M | $483.00M | $317.00M | - | - | - | - | - | - | - | - | - | - | - | - |
| INDONESIA | - | - | - | - | - | - | - | - | - | $159.00M | $186.00M | $221.00M | - | - | - | - | - | - | - | - |
| LIBYAN ARAB JAMAHIRIYA | - | - | - | - | - | - | - | - | $351.00M | $431.00M | - | - | - | - | - | - | - | - | - | - |
| Norway | - | - | - | - | - | - | - | - | - | - | $855.00M | $678.00M | $618.00M | $412.00M | $358.00M | $242.00M | $446.00M | $632.00M | - | - |
| U.S. | - | - | - | - | - | - | - | - | - | - | $10.87B | $8.96B | $7.31B | $7.71B | $3.15B | $1.84B | $4.22B | $5.16B | $5.08B | - |
| Other foreign Countries | - | - | - | - | - | - | - | - | - | - | $1.00M | $2.00M | $3.00M | $2.00M | $2.00M | - | - | - | - | - |
| Malaysia | - | - | - | - | - | - | - | - | - | - | $248.00M | $249.00M | $252.00M | $226.00M | $148.00M | $83.00M | $216.00M | $258.00M | - | - |
| Indonesia | - | - | - | - | - | - | - | - | - | - | $245.00M | $231.00M | $207.00M | $196.00M | $167.00M | $132.00M | $204.00M | $223.00M | - | - |
| China | - | - | - | - | - | - | - | - | - | - | $205.00M | $193.00M | $171.00M | $155.00M | $161.00M | $67.00M | $146.00M | $191.00M | - | - |
| CA | - | - | - | - | - | - | - | - | - | - | $921.00M | $561.00M | $450.00M | - | - | - | - | - | - | - |
| Australia | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $168.00M | $437.00M | $412.00M | - | - |
| Other Non US Countries | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.00M | $5.00M | $2.00M | - | - | - | - |
| Canada | - | - | - | - | - | - | - | - | - | - | - | - | - | $562.00M | $328.00M | $165.00M | $333.00M | $360.00M | - | - |
| AUSTRALIA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $365.00M | - | - | - | - |
| US | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.02B | - | - | - | - | - |
ConocoPhillips's latest quarterly revenue breakdown by geography, as of Jun 24: Lower 48 (63.63%), Alaska Segment (12.53%), CANADA (10.92%), Europe (9.11%), and Asia Pacific and Middle East (3.82%).
ConocoPhillips Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| COP | ConocoPhillips | $82.16B | $14.14B |
| OXY | Occidental Petroleum | $28.26B | $5.97B |
| EOG | EOG Resources | $23.18B | $6.00B |
| DVN | Devon Energy | $15.26B | $3.74B |
| HES | Hess | $10.70B | $3.20B |
| FANG | Diamondback Energy | $8.34B | $2.48B |
| APA | APA | $8.28B | $2.54B |
| PR | Permian Resources | $3.12B | $1.25B |
| CTRA | Coterra Energy | $2.37B | $337.00M |
COP Revenue FAQ
What is ConocoPhillips’s yearly revenue?
ConocoPhillips's yearly revenue for 2023 was $82.16B, representing an increase of 4.67% compared to 2022. The company's yearly revenue for 2022 was $78.49B, representing an increase of 71.28% compared to 2021. COP's yearly revenue for 2021 was $45.83B, representing an increase of 143.97% compared to 2020.
What is ConocoPhillips’s quarterly revenue?
ConocoPhillips's quarterly revenue for Q2 2024 was $14.14B, a 2.08% increase from the previous quarter (Q1 2024), and a 14.45% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $13.85B, a -5.44% decrease from the previous quarter (Q4 2023), and a -6.50% decrease year-over-year (Q1 2023). COP's quarterly revenue for Q4 2023 was $14.64B, a 2.76% increase from the previous quarter (Q3 2023), and a -21.09% decrease year-over-year (Q4 2022).
What is ConocoPhillips’s revenue growth rate?
ConocoPhillips's revenue growth rate for the last 3 years (2021-2023) was 79.27%, and for the last 5 years (2019-2023) was 152.27%.
What are ConocoPhillips’s revenue streams?
ConocoPhillips's revenue streams in c 23 are Financial Derivative Contracts, Other Products, Natural Gas Product Line, and Crude oil product line. Financial Derivative Contracts generated $-584M in revenue, accounting -7.67% of the company's total revenue, down -297.97% year-over-year. Other Products generated $1.44B in revenue, accounting 18.87% of the company's total revenue, up 11.73% year-over-year. Natural Gas Product Line generated $6.62B in revenue, accounting 86.91% of the company's total revenue, down -56.91% year-over-year. Crude oil product line generated $143M in revenue, accounting 1.88% of the company's total revenue, down -71.11% year-over-year.
What is ConocoPhillips’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of ConocoPhillips was Natural Gas Product Line. This segment made a revenue of $6.62B, representing 86.91% of the company's total revenue.