ConocoPhillips (COP) Gross Margin: 29.18%
Is ConocoPhillips’s gross margin high or low?
ConocoPhillips's gross margin of 29.18% is 15% above its 5-year average of 25.33%, near the high end of its 5-year range (-3.44%–37.70%).
As of Wednesday, June 17, 2026. 8.11% above its 12-month average of 26.99%.
COP Gross Margin Chart
COP Average Gross Margin Chart
COP Current vs Average Gross Margin Chart
COP Gross Margin Metrics
GROSS MARGIN
29.18%
GROSS MARGIN AVG TTM
26.99%
GROSS MARGIN AVG 3Y
30.86%
GROSS MARGIN AVG 5Y
25.33%
GROSS MARGIN AVG 10Y
17.91%
GROSS MARGIN AVG 15Y
25.12%
GROSS MARGIN AVG 20Y
25.87%
CURRENT VS TTM AVG
+8.11%
CURRENT VS 3Y AVG
-5.45%
CURRENT VS 5Y AVG
+15.19%
CURRENT VS 10Y AVG
+62.95%
CURRENT VS 15Y AVG
+16.15%
CURRENT VS 20Y AVG
+12.81%
COP Competitors' Gross Margin
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| ConocoPhillips (COP) | $134.58B | 29.18% | 26.99% | 30.86% | 25.33% |
| Canadian Natural Resources Limited (CNQ)vs › | $90.31B | 30.69% | 35.30% | 33.06% | 27.47% |
| The Williams Companies, Inc. (WMB)vs › | $87.02B | 62.85% | 50.78% | 53.52% | 52.60% |
| SLB N.V. (SLB)vs › | $77.32B | 17.33% | 19.38% | 19.24% | 17.32% |
| Marathon Petroleum Corporation (MPC)vs › | $72.36B | 8.80% | 7.12% | 9.52% | 7.42% |
| EOG Resources, Inc. (EOG)vs › | $71.11B | 71.29% | 71.91% | 76.49% | 71.49% |
| Valero Energy Corporation (VLO)vs › | $70.75B | 7.24% | 4.02% | 6.61% | 4.66% |
| Phillips 66 (PSX)vs › | $67.82B | 7.04% | 4.16% | 5.87% | 4.46% |
| ONEOK, Inc. (OKE)vs › | $54.03B | 23.95% | 22.40% | 22.74% | 22.07% |
| Occidental Petroleum Corporation (OXY)vs › | $53.02B | 26.23% | 34.70% | 37.70% | 30.44% |
Gross Margin Analysis
Gross Margin
29.2%
(Revenue - COGS) / Revenue
ConocoPhillips Gross Margin Formula & Definition
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
ConocoPhillips Gross Margin FAQ
- What is the gross margin for ConocoPhillips (COP)?
- The gross margin for COP stock is 29.18%.
- Is ConocoPhillips's gross margin high or low?
- ConocoPhillips's gross margin of 29.18% is 15% above its 5-year average of 25.33%, near the high end of its 5-year range (-3.44%–37.70%).
- What is the TTM average gross margin for ConocoPhillips (COP)?
- The TTM average gross margin for COP stock is 26.99%.
- What is the 3Y average gross margin for ConocoPhillips (COP)?
- The 3Y average gross margin for COP stock is 30.86%.
- What is the 5Y average gross margin for ConocoPhillips (COP)?
- The 5Y average gross margin for COP stock is 25.33%.
- What is the 10Y average gross margin for ConocoPhillips (COP)?
- The 10Y average gross margin for COP stock is 17.91%.
- What is the 15Y average gross margin for ConocoPhillips (COP)?
- The 15Y average gross margin for COP stock is 25.12%.
- What is the 20Y average gross margin for ConocoPhillips (COP)?
- The 20Y average gross margin for COP stock is 25.87%.
ConocoPhillips Gross Margin History
| DATE | GROSS MARGIN |
|---|---|
| 2025-12-31 | 24.63% |
| 2024-12-31 | 29.35% |
| 2023-12-31 | 31.77% |
| 2022-12-31 | 37.70% |
| 2021-12-31 | 31.98% |
| 2020-12-31 | -3.44% |
| 2019-12-31 | 26.36% |
| 2018-12-31 | 29.09% |
| 2017-12-31 | 12.66% |
| 2016-12-31 | -12.17% |
| 2015-12-31 | -10.95% |
| 2014-12-31 | 22.93% |
| 2013-12-31 | 29.11% |
| 2012-12-31 | 30.79% |
| 2011-12-31 | 31.49% |
| 2010-12-31 | 17.29% |
| 2009-12-31 | 18.15% |
| 2008-12-31 | 20.76% |
| 2007-12-31 | 23.49% |
| 2006-12-31 | 25.17% |
| 2005-12-31 | 22.87% |
| 2004-12-31 | 14.04% |
| 2003-12-31 | 28.43% |
| 2002-12-31 | 25.66% |
| 2001-12-31 | 34.67% |
| 2000-12-31 | 38.20% |
| 1999-12-31 | 24.67% |
| 1998-12-31 | 24.20% |
| 1997-12-31 | 25.38% |
| 1996-12-31 | 22.64% |
Related Metrics
About ConocoPhillips
ConocoPhillips is an energy company that engages in the global exploration, production, transportation, and marketing of various resources, including crude petroleum, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids (NGLs). Its primary operations are centered on both conventional and tight oil formations, shale gas, heavy crude, LNG developments, and oil sands projects. The company's extensive portfolio includes unconventional resources located in North America; established conventional assets spanning North America, Europe, Asia, and Australia; numerous LNG ventures; oil sands properties within Canada; and a significant inventory of potential conventional and unconventional exploration opportunities. ConocoPhillips was established in 1917 and its corporate headquarters are situated in Houston, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Ryan Lance