Business Segments · Operating Costs and Expenses
Total Segments — Operating Costs and Expenses
ConocoPhillips Total Segments — Operating Costs and Expenses decreased by 9.4% to $2.25B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 9.4%, from $2.49B to $2.25B. 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
Rolls up toShipping and Handling Costs
How to read this metric
An increase relative to revenue suggests margin compression and operational inefficiency, while a decrease may indicate improved cost management or lower production activity.
Detailed definition
This metric aggregates the total costs incurred to produce, transport, and process oil and gas, including depreciation,...
Peer comparison
Commonly reported as total operating expenses or cost of goods sold in the energy sector.
Metric ID:
cop_segment_total_segments_operating_costs_and_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 | $1.91B | $1.91B | $1.91B | $1.91B | $2.16B | $2.16B | $2.16B | $2.16B | $2.49B | $2.25B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +13.5% | +0.0% | +0.0% | +0.0% | +14.9% | -9.4% |
| YoY Change | — | — | — | — | +13.5% | +13.5% | +13.5% | +13.5% | +14.9% | -9.4% |
Range$1.91B – $2.49B
CAGR+7.7%
Avg YoY Growth+9.9%
Median YoY Growth+13.5%
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Frequently Asked Questions
- What is ConocoPhillips's total segments — operating costs and expenses?
- ConocoPhillips (COP) reported total segments — operating costs and expenses of $2.25B in Q1 2026.
- How has ConocoPhillips's total segments — operating costs and expenses changed year-over-year?
- ConocoPhillips's total segments — operating costs and expenses decreased by 9.4% year-over-year, from $2.49B to $2.25B.
- What does total segments — operating costs and expenses mean?
- The total expenses required to run the company's day-to-day operations.