Direct Answer
ConocoPhillips reports revenue across 5 business segments in its fiscal 2025 Form 10-K. Lower Forty Eight is the largest, with $41.4 billion of revenue (70% of the total), followed by Europe Middle East and North Africa at $6.5 billion (11%). 79% of revenue came from the United States.
How Does ConocoPhillips Make Money?
Lower Forty Eight supplies 70% of revenue, so ConocoPhillips's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Corporate grew fastest (+88.2%) and Asia Pacific Operating slowest (-4.2%), so the revenue mix tilts toward Corporate while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Lower Forty Eight | $41.4 billion | $37.0 billion | 70.2% | 11.8% |
| Europe Middle East and North Africa | $6.5 billion | $5.8 billion | 11.0% | 12.0% |
| Canada Operating | $5.6 billion | $3.5 billion | 9.5% | 59.4% |
| Asia Pacific Operating | $1.8 billion | $1.8 billion | 3.0% | -4.2% |
| Corporate | $32 million | $17 million | 0.1% | 88.2% |
Where Does ConocoPhillips's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| United States | $46.6 billion | $43.5 billion | 79.1% | 7.2% |
| Outside the United States | $12.3 billion | $11.3 billion | 20.9% | 9.5% |
What the Segment Figures Do Not Show
The rows above add up to 94% of ConocoPhillips's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value ConocoPhillips reported in the segment note and revenue disclosures of its Form 10-K filed February 17, 2026 (accession 0001163165-26-000009), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are ConocoPhillips's business segments?
In its fiscal 2025 Form 10-K, ConocoPhillips reports revenue for Lower Forty Eight, Europe Middle East and North Africa, Canada Operating, Asia Pacific Operating and Corporate.
Which part of ConocoPhillips brings in the most revenue?
Lower Forty Eight, with $41.4 billion of revenue in fiscal 2025, or 70% of the total.
How much of ConocoPhillips's revenue comes from outside the United States?
21% in fiscal 2025, by the geographic breakdown ConocoPhillips reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.