ConocoPhillips COP Asia Pacific — Dry hole expense

Similar metrics at other companies

APADry Hole Costs

$12M+9.1%

APAOil and Gas, Exploration and Production — Exploration expenses

$32.75M-58.1%

DVNExploratory Well Costs Charged to Expense

$250K0.0%

ARExploration — Cost of Goods Sold

$792K+18.6%

EOGDry Hole Costs

$23M-32.4%

PRExploration expenses

——

Questions, answered.

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?

The cost of drilling exploratory wells that failed to find oil or gas.

How do you interpret asia pacific — dry hole expense?

An increase indicates higher exploration risk or unsuccessful drilling campaigns, while a decrease suggests improved geological targeting or reduced exploration activity.

How does asia pacific — dry hole expense compare across companies?

Standard across upstream E&P companies, often compared as a percentage of total exploration budget.