Business Segments · Significant Segment Expenses
Lower 48 — Significant Segment Expenses
ConocoPhillips Lower 48 — Significant Segment Expenses decreased by 3.7% to $3.70B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.7%, from $3.84B to $3.70B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026
How to read this metric
An increase suggests rising operational costs or inflationary pressures, while a decrease indicates improved cost control or operational efficiencies.
Detailed definition
Aggregated major operating costs directly attributable to the segment, excluding depreciation and specific overheads. Th...
Peer comparison
Comparable to 'Lease Operating Expenses (LOE)' or 'Production Costs' at peer energy companies.
Metric ID:
cop_segment_lower_48_significant_segment_expensesHistorical Data
10 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.92B | $2.92B | $2.92B | $2.92B | $3.16B | $3.16B | $3.16B | $3.16B | $3.84B | $3.70B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +8.3% | +0.0% | +0.0% | +0.0% | +21.5% | -3.7% |
| YoY Change | — | — | — | — | +8.3% | +8.3% | +8.3% | +8.3% | +21.5% | -3.7% |
Range$2.92B – $3.84B
CAGR+11.1%
Avg YoY Growth+8.5%
Median YoY Growth+8.3%
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — significant segment expenses?
- ConocoPhillips (COP) reported lower 48 — significant segment expenses of $3.70B in Q1 2026.
- How has ConocoPhillips's lower 48 — significant segment expenses changed year-over-year?
- ConocoPhillips's lower 48 — significant segment expenses decreased by 3.7% year-over-year, from $3.84B to $3.70B.
- What does lower 48 — significant segment expenses mean?
- The primary day-to-day operating costs incurred to run the segment's business.