Exploration Abandonment and Impairment Cash Payments
ConocoPhillips Exploration Abandonment and Impairment Cash Payments decreased by 55.3% to $34.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 44.3%, from $61.00M to $34.00M. Over 3 years (FY 2021 to FY 2025), Exploration Abandonment and Impairment Cash Payments shows an upward trend with a 60.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Higher payments suggest unsuccessful exploration efforts or high costs associated with decommissioning, while lower payments indicate efficient project management.
Detailed definition
This represents actual cash outflows associated with the abandonment of exploration projects or the impairment of relate...
Peer comparison
Specific to upstream oil and gas companies; peers report similar costs under exploration and production abandonment categories.
cop_exploration_abandonment_and_impairment_paymentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $0.00 | $37.00M | $7.00M | $97.00M | $32.00M | $204.00M | $68.00M | $34.00M | $49.00M | $11.00M | $19.00M | $29.00M | $61.00M | $24.00M | $20.00M | $76.00M | $34.00M |
| QoQ Change | — | -100.0% | — | -81.1% | >999% | -67.0% | +537.5% | -66.7% | -50.0% | +44.1% | -77.6% | +72.7% | +52.6% | +110.3% | -60.7% | -16.7% | +280.0% | -55.3% |
| YoY Change | — | — | — | — | >999% | — | +451.4% | +871.4% | -64.9% | +53.1% | -94.6% | -72.1% | -14.7% | +221.1% | -17.2% | — | — | -44.3% |
Exploration Abandonment and Impairment Cash Payments at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's exploration abandonment and impairment cash payments?
- ConocoPhillips (COP) reported exploration abandonment and impairment cash payments of $34.00M in Q1 2026.
- How has ConocoPhillips's exploration abandonment and impairment cash payments changed year-over-year?
- ConocoPhillips's exploration abandonment and impairment cash payments decreased by 44.3% year-over-year, from $61.00M to $34.00M.
- What is the long-term trend for ConocoPhillips's exploration abandonment and impairment cash payments?
- Over 3 years (2021 to 2025), ConocoPhillips's exploration abandonment and impairment cash payments has grown at a 60.2% compound annual growth rate (CAGR), from $44.00M to $181.00M.
- What does exploration abandonment and impairment cash payments mean?
- Cash spent to exit or abandon unsuccessful exploration projects.