ConocoPhillips Q4 Realized Price Falls 19%, Net Income Down 37%
ConocoPhillips reported a 19% decline in average realized price to $42.46 per BOE in Q4 2025, driving a 37% drop in net income year-over-year. The company's exposure to sub-$67 WTI crude price levels highlights its vulnerability relative to broader energy markets.
1. Q4 Realized Price Decline
ConocoPhillips' average realized price per barrel of oil equivalent in Q4 2025 fell 19% year-over-year to $42.46, reflecting sustained sub-$67 crude pricing.
2. Net Income Falls
The slide in realized pricing drove a 37% year-over-year net income decline, illustrating the direct correlation between oil prices and profitability.
3. Exposure to Crude Prices
With WTI trading below $67 per barrel, ConocoPhillips' earnings remain highly sensitive to commodity volatility compared with integrated peers that benefit from refining and chemical segments.