Operating Expenses
Exploration Expense
ConocoPhillips Exploration Expense decreased by 21.0% to $109.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 6.8%, from $117.00M to $109.00M. Over 4 years (FY 2021 to FY 2025), Exploration Expense shows an upward trend with a 4.3% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
Last reportedQ1 2026Apr 30, 2026
Metric ID:
cop_exploration_expenseHistorical Data
20 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $57.00M | $65.00M | $138.00M | $69.00M | $143.00M | $89.00M | $263.00M | $138.00M | $83.00M | $92.00M | $85.00M | $112.00M | $102.00M | $70.00M | $71.00M | $117.00M | $81.00M | $71.00M | $138.00M | $109.00M |
| QoQ Change | — | +14.0% | +112.3% | -50.0% | +107.2% | -37.8% | +195.5% | -47.5% | -39.9% | +10.8% | -7.6% | +31.8% | -8.9% | -31.4% | +1.4% | +64.8% | -30.8% | -12.3% | +94.4% | -21.0% |
| YoY Change | — | — | — | — | +150.9% | +36.9% | +90.6% | +100.0% | -42.0% | +3.4% | -67.7% | -18.8% | +22.9% | -23.9% | -16.5% | +4.5% | -20.6% | +1.4% | +94.4% | -6.8% |
Range$57.00M – $263.00M
CAGR+14.6%
Avg YoY Growth+19.3%
Median YoY Growth+2.4%
Exploration Expense at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's exploration expense?
- ConocoPhillips (COP) reported exploration expense of $109.00M in Q1 2026.
- How has ConocoPhillips's exploration expense changed year-over-year?
- ConocoPhillips's exploration expense decreased by 6.8% year-over-year, from $117.00M to $109.00M.
- What is the long-term trend for ConocoPhillips's exploration expense?
- Over 4 years (2021 to 2025), ConocoPhillips's exploration expense has grown at a 4.3% compound annual growth rate (CAGR), from $344.00M to $407.00M.