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CLAIM #16527 · ConocoPhillips (COP) · 2025Q2 earnings call · Aug 7, 2025 · due Dec 31, 2026

But what we do know is that it's going to be a tailwind for us for next year.

Andy O'Brien · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Cash tax benefit / effective tax rate impact from One Big Beautiful Bill bonus depreciation provisions, fiscal year 2026

It came true if: 2026 tax benefit from bonus depreciation (cash taxes paid reduction or effective tax rate decrease) greater than $0

Where: Company financial statements / management commentary on cash taxes and effective tax rate (10-K, earnings call)

In context

do with the new tax bill. That was largely due to one-off discrete items that we really don't forecast. And then getting probably to the meat of your question in terms of, first of all, the expected benefits, we covered this in our prepared remarks. But this year, we think the One Big Beautiful Bill will have about $0.5 billion impact to us. And that's primarily due just simply to the bonus depreciation rate going from 40% to 100%. Now of course, that's going to carry on into 2026, and we'll continue to benefit from that bonus depreciation. But specifically to get into numbers at this point, it's a little bit too early, and I think you helped answer the question for me in terms of why, we've got to land exactly where the CapEx is, what's happening with, which assets are being disposed of. But what we do know is that it's going to be a tailwind for us for next year. Operator: Our next question comes from Lloyd Byrne with Jefferies. Francis Lloyd Byrne: I think that 30% fewer rigs and frac crews actually equates to almost 100% of what Marathon is running at the time of the deal is very impressive. But let me just -- I guess, I'll my question about LNG and kind of the downstream strategy. And just kind of what you're expecting from regasification and sales deals going forward? And then how do we expect that to contribute over the next few years? Ryan M. Lance: Yes, I'll maybe start and let Andy jump in on the LNG side. But yes, you snuck in 2 for 1 there. Good job, Doug -- or Lloyd, you're good there. Look, yes, I think we're pretty impressed with what Nick and his team have done with the integration in Marathon. But you're right, we've effectively eli

Verify independently

SEC filings for COP · Claim quote is verbatim from the 2025Q2 earnings call.