Using the latest TTM figures, Conoco Phillips shows a gross margin of 45.7%, an operating margin of 26.9%, an EBITDA margin of 43.4%, and a net margin of 16.6%. Operating margin had the largest improvement, increasing by 3.4 percentage points, while the other available margins also improved.
COP margin history
Looking back over the last 3 years, Conoco Phillips recorded average margins of 45.13% gross, 25.9% operating, 42.17% EBITDA, and 15.86% net. Compared with their three-year averages, all four current margins are higher.
COP margin expansion
All available margins expanded year over year, led by operating margin with an increase of 3.4 percentage points.
COP Gross margin
Over the last 3 years, Conoco Phillips's gross margin averaged 45.13%. The current gross margin of 45.7% is 0.6 percentage points above its three-year average. During this period, gross margin reached a high of 46.1% in Jun 2024 and a low of 42.6% in Mar 2026.
COP Operating margin
Conoco Phillips recorded an average operating margin of 25.9% across the last 3 years. Conoco Phillips currently reports an operating margin of 26.9%, 1 percentage point above its three-year average. The highest operating margin for Conoco Phillips was 29.8% in Dec 2023, while the lowest was 21.1% in Mar 2026.
COP EBITDA margin
Over the last 3 years, Conoco Phillips's EBITDA margin averaged 42.17%. The current EBITDA margin of 43.4% is 1.2 percentage points above its three-year average. During this period, EBITDA margin reached a high of 43.4% in Sep 2026 and a low of 39.8% in Mar 2026.
COP Net margin
The average net margin for Conoco Phillips was 15.86% in the last 3 years. As of the latest period, the current net margin for Conoco Phillips is 16.6%, 0.7 percentage points above its three-year average. The net margin for Conoco Phillips moved between 12.1% in Mar 2026 and 18.7% in Dec 2023.
COP margin group comparison
With a gross margin of 45.7%, COP stands above the Energy sector and its peers average but below the industry average. Compared to its Energy sector average of 42.7%, Conoco Phillips's gross margin is 7% higher.
COP margin peer comparison
Frequently asked questions
What is Conoco Phillips's gross margin?
For the period ending Sep 30, 2026, COP recorded a gross margin of 45.7%.
What is Conoco Phillips's operating margin?
The current operating margin for COP is 26.9% as of Sep 30, 2026.
What is Conoco Phillips's EBITDA margin?
The current EBITDA margin for COP is 43.4% as of Sep 30, 2026.
What is Conoco Phillips's net margin?
For the period ending Sep 30, 2026, COP recorded a net margin of 16.6%.
What are the average margins of COP?
Across the last 3 years, COP averaged 45.1% gross, 25.9% operating, 42.2% EBITDA, and 15.9% net.
What are the highest historical margins of COP?
Within the 5-year period, COP recorded its highest margins at 50.3% gross in Mar 2022, 35.8% operating in Sep 2022, 47.2% EBITDA in Mar 2022, and 23.1% net in Jun 2022.
What are the lowest historical margins of COP?
In the last 5 years, the lowest margins reported by COP were 42.6% gross in Mar 2026, 21.1% operating in Mar 2026, 39.8% EBITDA in Mar 2026, and 12.1% net in Mar 2026.