ConocoPhillips's Revenue by Segment

In fiscal year 2024, ConocoPhillips's revenue by segment (products & services) are as follows:

Crude oil product line: $39.01 B
Natural Gas Liquids: $2.89 B
Natural Gas Product Line: $6.44 B
Other Products: $6.40 B

Learn more about ConocoPhillips’s Revenue by Geography

Check out competitors to ConocoPhillips in a side-by-side comparison.

Explore additional financial metrics for ConocoPhillips.


Crude oil product line	40492000000
Natural Gas Liquids	3650000000
Natural Gas Product Line	26941000000
Other Products	6411000000


Crude oil product line	37833000000
Natural Gas Liquids	2609000000
Natural Gas Product Line	10725000000
Other Products	4974000000


Crude oil product line	39010000000
Natural Gas Liquids	2889000000
Natural Gas Product Line	6444000000
Other Products	6402000000

The above chart shows ConocoPhillips's revenue percentage share by segment (products and services).

In fiscal year 2024, ConocoPhillips's revenue by segment is as follows:

Crude oil product line generated $39.01 B in revenue, representing 71.26% of its total revenue.
Natural Gas Liquids generated $2.89 B in revenue, representing 5.28% of its total revenue.
Natural Gas Product Line generated $6.44 B in revenue, representing 11.77% of its total revenue.
Other Products generated $6.40 B in revenue, representing 11.69% of its total revenue.

The biggest segment for ConocoPhillips is the Crude oil product line, which represents 71.26% of its total revenue.
The smallest segment for ConocoPhillips is the Natural Gas Liquids, which represents 5.28% of its total revenue.

Summary Table

Products & Services (Percent Share)	2022	2023	2024
Crude oil product line	52.25%	67.39%	71.26%
Other Products	8.27%	8.86%	11.69%
Natural Gas Liquids	4.71%	4.65%	5.28%
Natural Gas Product Line	34.77%	19.1%	11.77%
Total Revenue	100%	100%	100%

The above chart shows the revenue trend of different segments of ConocoPhillips.

In fiscal year 2024, the Crude oil product line generated the most revenue ($39.01 B), and the Natural Gas Liquids generated the least revenue ($2.89 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

Crude oil product line revenue increased 3.11% ($1.18 B) from $37.83 B (in 2023) to $39.01 B (in 2024).

Natural Gas Liquids revenue increased 10.73% ($280.00 M) from $2.61 B (in 2023) to $2.89 B (in 2024).

Natural Gas Product Line revenue decreased -39.92% ($4.28 B) from $10.73 B (in 2023) to $6.44 B (in 2024).

Other Products revenue increased 28.71% ($1.43 B) from $4.97 B (in 2023) to $6.40 B (in 2024).

Summary Table

Products & Services	2022 Value Change	2023 Value Change	2024 Value Change
Crude oil product line	$40.49 B -	$37.83 B 6.57%	$39.01 B 3.11%
Natural Gas Liquids	$3.65 B -	$2.61 B 28.52%	$2.89 B 10.73%
Natural Gas Product Line	$26.94 B -	$10.73 B 60.19%	$6.44 B 39.92%
Other Products	$6.41 B -	$4.97 B 22.41%	$6.40 B 28.71%
Total Revenue	$77.49 B -	$56.14 B 27.55%	$54.75 B 2.49%