Using the latest TTM figures, Conoco Phillips shows a gross margin of 44.2%, an operating margin of 24.1%, an EBITDA margin of 41.7%, and a net margin of 14.2%. Gross margin had the largest decline, decreasing by 1.2 percentage points, while the other available margins also declined.
COP margin history
Looking back over the last 3 years, Conoco Phillips recorded average margins of 45.07% gross, 25.81% operating, 42.05% EBITDA, and 15.79% net. The current gross, operating, EBITDA, and net margins are all below their three-year averages.
COP margin expansion
All available margins contracted year over year, led by gross margin with a decline of 1.2 percentage points.
COP Gross margin
Over the last 3 years, Conoco Phillips's gross margin averaged 45.07%. The current gross margin of 44.2% is 0.9 percentage points below 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 25.81% across the last 3 years. Conoco Phillips currently reports an operating margin of 24.1%, 1.7 percentage points below 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 42.05%. The current EBITDA margin of 41.7% is 0.4 percentage points below its three-year average. During this period, EBITDA margin reached a high of 43.4% in Jun 2024 and a low of 39.8% in Mar 2026.
COP Net margin
The average net margin for Conoco Phillips was 15.79% in the last 3 years. As of the latest period, the current net margin for Conoco Phillips is 14.2%, 1.6 percentage points below 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 44.2%, COP stands above the Energy sector and its peers average but below the industry average. But compared to its Energy sector average of 42.7%, Conoco Phillips's gross margin is only 3.5% higher.
COP margin peer comparison
Frequently asked questions
What is Conoco Phillips's gross margin?
For the period ending Jun 30, 2026, COP recorded a gross margin of 44.2%.
What is Conoco Phillips's operating margin?
The current operating margin for COP is 24.1% as of Jun 30, 2026.
What is Conoco Phillips's EBITDA margin?
The current EBITDA margin for COP is 41.7% as of Jun 30, 2026.
What is Conoco Phillips's net margin?
For the period ending Jun 30, 2026, COP recorded a net margin of 14.2%.
What are the average margins of COP?
Across the last 3 years, COP averaged 45.1% gross, 25.8% operating, 42.1% EBITDA, and 15.8% 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.