COP Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), COP reported revenue of $19.2B, gross profit of $10.0B (52.3% gross margin), operating income of $5.9B, and net income of $3.9B (20.5% net margin). The flow of revenue into costs and profit is visualized below.
What changed
COP was profitable; revenue grew 132263.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +132263.9% | +153996.4% | +2.9 pp |
Consensus estimate data is not available for this report.
COP Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $19.2B | 100% |
| Cost of Revenue | −$9.1B | 47.7% |
| Gross Profit | $10.0B | 52.3% |
| Research & Development | −$75M | 0.4% |
| Selling, General & Administrative | −$188M | 1.0% |
| Other Operating Expenses | −$3.9B | 20.2% |
| Operating Income | $5.9B | 30.7% |
| Interest Expense | −$182M | 0.9% |
| Other Income, net | $386M | 2.0% |
| Income Tax Expense | −$2.2B | 11.2% |
| Net Income | $3.9B | 20.5% |
Source: COP filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.