What is ConocoPhillips's lower 48 — asset impairment charges?

ConocoPhillips (COP) reported lower 48 — asset impairment charges of $1.75M in Q4 2023.

How has ConocoPhillips's lower 48 — asset impairment charges changed year-over-year?

ConocoPhillips's lower 48 — asset impairment charges increased by 163.6% year-over-year, from -$2.75M to $1.75M.

Discontinued — last reported Q4 '23

Business Segments · Asset Impairment Charges

Lower 48 — Asset Impairment Charges

ConocoPhillips Lower 48 — Asset Impairment Charges remained flat by 0.0% to $1.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 163.6%, from -$2.75M to $1.75M.

Analysis

StatementSegment

First reportedQ1 2019

Last reportedQ4 2023Feb 15, 2024

Rolls up toImpairment Charges

Metric ID: cop_segment_lower_48_asset_impairment_charges

Historical Data

10 periods

	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	-$89.00M	$84.00M	-$2.75M	-$2.75M	-$2.75M	-$2.75M	$1.75M	$1.75M	$1.75M	$1.75M
QoQ Change	—	+194.4%	-103.3%	+0.0%	+0.0%	+0.0%	+163.6%	+0.0%	+0.0%	+0.0%
YoY Change	—	—	—	—	+96.9%	-103.3%	+163.6%	+163.6%	+163.6%	+163.6%

Range-$89.00M – $84.00M

CAGR-82.6%

Avg YoY Growth+108.0%

Median YoY Growth+163.6%

Current Streak7 quarters growth

Frequently Asked Questions

What is ConocoPhillips's lower 48 — asset impairment charges?: ConocoPhillips (COP) reported lower 48 — asset impairment charges of $1.75M in Q4 2023.
How has ConocoPhillips's lower 48 — asset impairment charges changed year-over-year?: ConocoPhillips's lower 48 — asset impairment charges increased by 163.6% year-over-year, from -$2.75M to $1.75M.