ConocoPhillips COP Corporate — Severance expense
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:SeveranceCosts1.
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
During 2025, we announced certain restructuring initiatives and reduced our overall employee workforce, resulting in associated severance expense of $286 million, with $214 million reported as “Production and operating expenses” and $72 million reported as “Selling, general and administrative expenses” on the consolidated income statement. Approximately $43 million was in Alaska, $87 million in Lower 48, $29 million in Canada, $48 million in Europe, Middle East and North Africa, $7 million in Asia Pacific and $72 million in Corporate and Other.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ConocoPhillips's corporate — severance expense?
- ConocoPhillips (COP) reported corporate — severance expense of $18M in Q4 2025.
- What does corporate — severance expense mean?
- Represents the costs associated with employee termination benefits, including severance pay and related exit costs, recognized within the corporate segment. These expenses typically reflect organizational restructuring or workforce optimization initiatives aimed at long-term efficiency. Monitoring these costs helps investors assess the scale of corporate reorganization and potential future cost savings.
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