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ConocoPhillips COP Accretion of asset retirement obligations
Accretion of asset retirement obligations at other companies
Other financials
Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:AccretionExpenseIncludingAssetRetirementObligations.
The source filing: ConocoPhillips’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 7:39 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001163165-26-000032
| Line item | Millions of Dollars / Three Months Ended June 30 / 2026 | Millions of Dollars / Three Months Ended June 30 / 2025 | Millions of Dollars / Six Months Ended June 30 / 2026 | Millions of Dollars / Six Months Ended June 30 / 2025 |
|---|---|---|---|---|
| Depreciation, depletion and amortization | 2,983 | 2,838 | 5,889 | 5,584 |
| Impairments | 2 | 1 | 21 | 2 |
| Taxes other than income taxes | 793 | 572 | 1,400 | 1,123 |
| Accretion on discounted liabilities | 99 | 95 | 196 | 189 |
| Interest and debt expense | 182 | 232 | 380 | 437 |
| Foreign currency transaction (gain) loss | (25) | (3) | (25) | 27 |
| Other expenses | — | — | 3 | 6 |
| Total costs and expenses | 13,440 | 11,723 | 26,131 | 24,358 |
Item 1. Financial Statements
FAQ
- What is ConocoPhillips's accretion of asset retirement obligations?
- ConocoPhillips (COP) reported accretion of asset retirement obligations of $99M in Q2 2026.
- How has ConocoPhillips's accretion of asset retirement obligations changed year-over-year?
- ConocoPhillips's accretion of asset retirement obligations increased by 4.2% year-over-year, from $95M to $99M.
- What is the long-term trend for ConocoPhillips's accretion of asset retirement obligations?
- Over 4 years (2021 to 2025), ConocoPhillips's accretion of asset retirement obligations has grown at a 11.8% compound annual growth rate (CAGR), from $242M to $378M.
- What does accretion of asset retirement obligations mean?
- Accretion expense represents the increase in the carrying amount of an asset retirement obligation (ARO) due to the passage of time. It is a non-cash expense that reflects the present value of future environmental remediation or decommissioning costs. This is a standard accounting requirement for companies with significant physical infrastructure that must be dismantled at the end of its life.
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