Discontinued — last reported Q4 '25
Investing
CapEx
ConocoPhillips CapEx increased by 5.5% to $3.02B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 75.5%, from $12.34B to $3.02B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 23.9% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2025Feb 17, 2026
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
Metric ID:
capital_expendituresHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.27B | $1.30B | $1.56B | -$2.33B | -$619.00M | -$403.00M | $13.51B | -$188.00M | -$238.00M | -$187.00M | $11.86B | -$173.00M | -$5.00M | -$39.00M | $12.34B | $3.38B | $3.29B | $2.87B | $3.02B |
| QoQ Change | — | +2.9% | +19.6% | -249.8% | +73.5% | +34.9% | >999% | -101.4% | -26.6% | +21.4% | >999% | -101.5% | +97.1% | -680.0% | >999% | -72.6% | -2.7% | -12.8% | +5.5% |
| YoY Change | — | — | — | — | -148.9% | -131.0% | +767.9% | +91.9% | +61.6% | +53.6% | -12.2% | +8.0% | +97.9% | +79.1% | +4.0% | >999% | >999% | >999% | -75.5% |
Range-$2.33B – $13.51B
CAGR+21.4%
Avg YoY Growth>999%
Median YoY Growth+61.6%
CapEx at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's capex?
- ConocoPhillips (COP) reported capex of $3.02B in Q4 2025.
- How has ConocoPhillips's capex changed year-over-year?
- ConocoPhillips's capex decreased by 75.5% year-over-year, from $12.34B to $3.02B.
- What is the long-term trend for ConocoPhillips's capex?
- Over 4 years (2021 to 2025), ConocoPhillips's capex has grown at a 23.9% compound annual growth rate (CAGR), from $5.32B to $12.55B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.