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ConocoPhillips COP Asia Pacific — Dry hole expense
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:ResultsOfOperationsDryHoleCosts.
The source filing: ConocoPhillips’s 10-K, filed February 17, 2026.
- Filed
- Feb 17, 2026, 11:32 AM EST
- Fiscal year
- FY2025
- Accession
- 0001163165-26-000009
In our Europe, Middle East and North Africa segment, we recorded approximately $40 million before-tax as dry hole expenses, which included $22 million for two partner-operated exploration wells in the Alvheim area in the Norwegian sector of the North Sea, and $18 million for the Busta suspended discovery well on license PL782S in the North Sea.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ConocoPhillips's asia pacific — dry hole expense?
- ConocoPhillips (COP) reported asia pacific — dry hole expense of $20M in Q4 2025.
- What does asia pacific — dry hole expense mean?
- Represents the costs incurred for exploratory wells that did not result in the discovery of commercially viable oil or gas reserves. This expense reflects the inherent geological risk and capital inefficiency associated with unsuccessful exploration activities within the specific geographic segment.
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