Business Segments · Depreciation, Depletion and Amortization
Lower 48 — Depreciation, Depletion and Amortization
ConocoPhillips Lower 48 — Depreciation, Depletion and Amortization increased by 7.7% to $2.05B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.7%, from $1.90B to $2.05B.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityStable
First reportedQ1 2023
Last reportedQ1 2026
Rolls up toD&A
How to read this metric
Higher levels typically reflect increased capital investment or accelerated depletion of reserves, while lower levels may indicate reduced capital intensity or asset maturity.
Detailed definition
The systematic allocation of the cost of tangible and intangible assets, primarily oil and gas properties, over their es...
Peer comparison
Standard non-cash expense across all capital-intensive industries; comparable to 'DD&A' at peer E&P firms.
Metric ID:
cop_segment_lower_48_depreciation_depletion_and_amortizationHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.43B | $1.43B | $1.43B | $1.43B | $1.61B | $1.61B | $1.61B | $1.61B | $1.90B | $2.05B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.6% | +0.0% | +0.0% | +0.0% | +18.2% | +7.7% |
| YoY Change | — | — | — | — | +12.6% | +12.6% | +12.6% | +12.6% | +18.2% | +7.7% |
Range$1.43B – $2.05B
CAGR+17.4%
Avg YoY Growth+12.7%
Median YoY Growth+12.6%
Current Streak9+ quarters growth
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — depreciation, depletion and amortization?
- ConocoPhillips (COP) reported lower 48 — depreciation, depletion and amortization of $2.05B in Q1 2026.
- How has ConocoPhillips's lower 48 — depreciation, depletion and amortization changed year-over-year?
- ConocoPhillips's lower 48 — depreciation, depletion and amortization increased by 7.7% year-over-year, from $1.90B to $2.05B.
- What does lower 48 — depreciation, depletion and amortization mean?
- The non-cash expense representing the wear and tear or depletion of oil and gas assets.