Lower 48 — Shipping and Handling Costs
ConocoPhillips Lower 48 — Shipping and Handling Costs decreased by 14.0% to $1.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 16.0%, from $1.49B to $1.25B. Over 2 years (FY 2023 to FY 2025), Lower 48 — Shipping and Handling Costs shows an upward trend with a 18.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may signal rising logistics costs or operational inefficiencies, whereas a decrease suggests improved supply chain management or lower transportation tariffs.
Detailed definition
Includes the costs associated with transporting, gathering, and processing produced hydrocarbons from the wellhead to th...
Peer comparison
Commonly reported as 'Gathering, Processing, and Transportation (GPT) costs' in the energy sector.
cop_segment_lower_48_shipping_and_handling_costsHistorical Data
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.05B | $1.05B | $1.05B | $1.05B | $1.08B | $1.16B | $1.18B | $1.33B | $1.49B | $1.47B | $1.43B | $1.46B | $1.25B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +3.2% | +6.9% | +1.9% | +12.7% | +12.1% | -1.1% | -2.7% | +1.6% | -14.0% |
| YoY Change | — | — | — | — | +3.2% | +10.3% | +12.4% | +26.7% | +37.7% | +27.3% | +21.5% | +9.5% | -16.0% |
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — shipping and handling costs?
- ConocoPhillips (COP) reported lower 48 — shipping and handling costs of $1.25B in Q1 2026.
- How has ConocoPhillips's lower 48 — shipping and handling costs changed year-over-year?
- ConocoPhillips's lower 48 — shipping and handling costs decreased by 16.0% year-over-year, from $1.49B to $1.25B.
- What is the long-term trend for ConocoPhillips's lower 48 — shipping and handling costs?
- Over 2 years (2023 to 2025), ConocoPhillips's lower 48 — shipping and handling costs has grown at a 18.1% compound annual growth rate (CAGR), from $4.20B to $5.86B.
- What does lower 48 — shipping and handling costs mean?
- The costs incurred to move and process oil and gas products to market.