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ConocoPhillips COP Europe, Middle East and North Africa — Severance expense

Other segment segments

Lower 48
$87M
Corporate
$72M
Alaska
$43M
Canada
$29M
Asia Pacific
$7M

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$3.8M

Other financials

Income statement

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Revenue$15.8B-4.6%
Gross profit$9.5B-8.2%
Net income$2.2B-23.4%
EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.6%
Total debt$23.3B-4.5%
Total equity$64.5B-1.1%
Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%
CapEx$3.0B-75.5%
Free cash flow$1.3B

Valuation

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Market cap$146.78B+25.2%
Enterprise value$163.83B+20.6%
P/E20.1×+7.3×
P/S2.5×+0.5×

Profitability

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp
FCF margin12.3%

Returns & leverage

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Return on equity11.3%-5.4pp
Debt / equity0.4×0.0×
Current ratio1.3×0.0×

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 europe, middle east and north africa — severance expense?
ConocoPhillips (COP) reported europe, middle east and north africa — severance expense of $12M in Q4 2025.
What does europe, middle east and north africa — severance expense mean?
Represents the costs associated with employee termination benefits and workforce reduction programs within the specific geographic operating segment. These expenses are typically non-recurring and reflect restructuring efforts or organizational rightsizing to improve operational efficiency.

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