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 property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

ConocoPhillips COP CapEx

Discontinued — last reported Q4 '25

CapEx at other companies

Exxon MobilXOM

$6.47B+9.7%

ChevronCVX

$4.06B+3.5%

Occidental PetroleumOXY

$1.55B-7.6%

Devon EnergyDVN

$839M-10.2%

Permian ResourcesPR

$1.95M+16.7%

EOG ResourcesEOG

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Other financials

Income statement

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Revenue$15.8B-4.6%

Gross profit$9.5B-8.2%

Net income$2.2B-23.4%

EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.6%

Total debt$23.3B-4.5%

Total equity$64.5B-1.1%

Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%

Free cash flow$1.3B—

Valuation

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Market cap$131.6B+12.6%

Enterprise value$148.65B+9.7%

P/E18×+5.3×

P/S2.3×+0.2×

Profitability

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Gross margin61.5%-2.2pp

Net margin12.6%-4.0pp

FCF margin12.3%—

Returns & leverage

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Return on equity11.3%-5.4pp

Debt / equity0.4×0.0×

Current ratio1.3×0.0×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept cop:PaymentToAcquireProductiveAssetsAndInvestments.

The official record: ConocoPhillips’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.