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ConocoPhillips COP Exploration Abandonment and Impairment
Exploration Abandonment and Impairment at other companies
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept cop:ExplorationAbandonmentAndImpairmentCashPayments.
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 / Six Months Ended June 30 / 2026 | Millions of Dollars / Six Months Ended June 30 / 2025 |
|---|---|---|
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation, depletion and amortization | 5,889 | 5,584 |
| Impairments | 21 | 2 |
| Dry hole costs and leasehold impairments | 56 | 85 |
| Accretion on discounted liabilities | 196 | 189 |
| Deferred taxes | 149 | 78 |
| Distributions more (less) than income from equity affiliates | 110 | (112) |
| (Gain) loss on dispositions | (19) | (396) |
Item 1. Financial Statements
FAQ
- What is ConocoPhillips's exploration abandonment and impairment?
- ConocoPhillips (COP) reported exploration abandonment and impairment of $22M in Q2 2026.
- How has ConocoPhillips's exploration abandonment and impairment changed year-over-year?
- ConocoPhillips's exploration abandonment and impairment decreased by 8.3% year-over-year, from $24M to $22M.
- What is the long-term trend for ConocoPhillips's exploration abandonment and impairment?
- Over 3 years (2021 to 2025), ConocoPhillips's exploration abandonment and impairment has grown at a 60.2% compound annual growth rate (CAGR), from $44M to $181M.
- What does exploration abandonment and impairment mean?
- Represents cash outflows associated with the abandonment of exploration projects and the impairment of oil and gas properties. This reflects the capital risk inherent in exploration and production activities where projects may not yield commercially viable reserves. High levels of this metric suggest unsuccessful exploration efforts or asset devaluation.
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