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
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_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?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.