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ConocoPhillips COP Lower 48 — Total Assets

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Alaska Segment
$20.81B+11.9%
EMENA
$10.84B+6.4%
Canada Operating Segment
$9.89B+3.0%
Asia Pacific Operating Segment
$8.33B0.0%

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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$146.51B+19.6%
Enterprise value$163.57B+15.9%
P/E20×+6.7×
P/S2.5×+0.4×

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:Assets.

The official record: ConocoPhillips’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ConocoPhillips's lower 48 — total assets?
ConocoPhillips (COP) reported lower 48 — total assets of $62.68B in Q1 2026.
How has ConocoPhillips's lower 48 — total assets changed year-over-year?
ConocoPhillips's lower 48 — total assets decreased by 5.5% year-over-year, from $66.29B to $62.68B.
What does lower 48 — total assets mean?
This metric represents the total book value of all tangible and intangible assets specifically attributed to the Lower 48 operating segment. It includes property, plant, and equipment, as well as capitalized exploration costs and proved reserves located in this region. This value provides a baseline for assessing the asset intensity and capital base required to sustain production levels.