Australia Public Country by Country Reporting
Information reported under Australia's public country-by-country reporting requirements, providing greater transparency into our global tax practices and 2025 reporting amounts.
Approach to Tax
ConocoPhillips publicly discloses our Global Tax Policy, which guides our global tax practices and strategy. The tax management team, with oversight of the Vice President and General Tax Counsel, reviews and approves the tax strategy at least annually. In addition to the Global Tax Policy, ConocoPhillips provides tax disclosures to tax authorities and the public with information on the taxes paid, tax governance, risk management and compliance strategies of the organization. See our Global Tax Disclosures.
ConocoPhillips is committed to full compliance with all applicable tax laws and regulations in jurisdictions where we operate. Our approach emphasizes accurate reporting, timely filing and payments, and proactive and transparent engagement with tax authorities to minimize disputes and reach mutually agreeable outcomes.
Our approach to tax aligns with the company’s Code of Business Ethics and Conduct, including maintaining effective risk management and controls. This approach is also consistent with our published Sustainable Development Policy. ConocoPhillips has implemented formal procedures for submitting proposals, inquiries, or concerns to the company, including those pertaining to tax matters.
2025 Public CbC Data
Specified jurisdictions are shown separately; remaining jurisdictions are presented on an aggregated basis.
| Jurisdiction | Unrelated Party Revenue | Cross-border Related Party Revenues | Profit (Loss) Before Tax | Income Tax Paid | Income Tax Accrued | Number of Employees | Tangible Assets (excluding cash) |
|---|---|---|---|---|---|---|---|
| Australia1 | 783 | 9 | 716 | 0 | 0 | 276 | 37 |
| Bermuda2 | 6 | 12 | 18 | 0 | 0 | 0 | 0 |
| British Virgin Islands | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cayman Islands | 0 | 1 | (27) | 0 | 0 | 0 | 0 |
| Singapore | 1,015 | 44 | (3) | 0 | 2 | 31 | 29 |
| Switzerland | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Aggregated | 59,744 | 8,113 | 11,953 | 4,822 | 4,120 | 9,626 | 95,840 |
| Total | 61,548 | 8,179 | 12,656 | 4,822 | 4,122 | 9,933 | 95,906 |
All amounts in USD millions, except employees
Notes:
- ConocoPhillips Australia pays tax in Australia primarily through its 47.5 percent ownership of Australia Pacific LNG (APLNG), an incorporated joint venture that is taxed in its own right and pays both corporate income tax and royalties. APLNG's income taxes are publicly available through the Fiscal Contributions | ConocoPhillips Australia. ↩
- Bermuda income relates to a historic financing structure that is no longer active and is expected to decrease in future periods.↩