Company: ConocoPhillips
Ticker: COP
Form: 10-K
Filed: 2026-02-17
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was ConocoPhillips's revenue in fiscal year 2025?
Question Type: value_lookup

Concept: RevenueFromContractWithCustomerExcludingAssessedTax
Answer (Numeric): 51824.0
Answer (Display): $51,824 million
Unit: USD millions

Evidence:
[{"chunk_id": "217", "equivalent_chunk_ids": ["217"], "section": "Notes to Consolidated Financial Statements", "supports": ["main"], "text": "Note 18—Sales and Other Operating Revenues\nRevenue from Contracts with Customers\nThe following table provides further disaggregation of our consolidated sales and other operating revenues:\nMillions of Dollars\nRevenue from contracts with customers\n51,824\n49,418\n48,522\nRevenue from contracts outside the scope of ASC Topic 606\nPhysical contracts meeting the definition of a derivative\n7,201\n5,483\n8,203\nFinancial derivative contracts\nConsolidated sales and other operating revenues\n58,944\n54,745\n56,141\nRevenues from contracts outside the scope of ASC Topic 606, “Revenue from Contracts with Customers,” 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. There is no significant difference in contractual terms or the policy for recognition of revenue from these contracts and those within the scope of ASC Topic 606. Further disaggregation of revenues is provided in\nNote\n22 -\nSegment Disclosures and Related Information\nPractical Expedients\nTypically, our commodity sales contracts are less than 12 months in duration; however, in certain specific cases may extend longer, which may be out to the end of field life. We have long-term commodity sales contracts which use prevailing market prices at the time of delivery, and under these contracts, the market-based variable consideration for each performance obligation (i.e., delivery of commodity) is allocated to each wholly unsatisfied performance obligation within the contract. Accordingly, we have applied the practical expedient allowed in ASC Topic 606 and do not disclose the aggregate amount of the transaction price allocated to performance obligations or when we expect to recognize revenues that are unsatisfied as of the end of the reporting period.\nReceivables from Contracts with Customers\nAt December 31, 2025, the “Accounts and notes receivable” line on our consolidated balance sheet included trade receivables of $\n4,416\nmillion compared with $\n5,398"}]

Derivation: