Business Segments · Capital expenditures and investments
Lower 48 — Capital expenditures and investments
ConocoPhillips Lower 48 — Capital expenditures and investments decreased by 4.2% to $1.51B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 17.0%, from $1.81B to $1.51B. Over 3 years (FY 2021 to FY 2024), Lower 48 — Capital expenditures and investments shows an upward trend with a 27.7% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2019
Last reportedQ1 2026Apr 30, 2026
Rolls up toCapital expenditures and investments
How to read this metric
Higher spending signals growth-oriented investment, while lower spending may indicate a focus on cash flow generation or capital discipline.
Detailed definition
This metric measures the cash outflows dedicated to acquiring, maintaining, or improving long-term assets within the Low...
Peer comparison
Comparable to capital expenditure (CapEx) figures reported by peers to track investment intensity in specific geographic basins.
Metric ID:
cop_segment_lower_48_capital_expenditures_and_investmentsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $782.25M | $782.25M | $782.25M | $1.41B | $1.41B | $1.41B | $1.41B | $1.62B | $1.62B | $1.62B | $1.62B | $1.62B | $1.65B | $1.65B | $1.59B | $1.81B | $1.70B | $1.57B | $1.51B |
| QoQ Change | — | +0.0% | +0.0% | +79.9% | +0.0% | +0.0% | +0.0% | +15.2% | +0.0% | +0.0% | +0.0% | -0.4% | +2.0% | +0.2% | -3.7% | +13.9% | -6.1% | -7.8% | -4.2% |
| YoY Change | — | — | — | — | +79.9% | +79.9% | +79.9% | +15.2% | +15.2% | +15.2% | +15.2% | -0.4% | +1.7% | +1.9% | -1.8% | +12.3% | +3.3% | -5.0% | -17.0% |
Range$782.25M – $1.81B
CAGR+15.7%
Avg YoY Growth+19.7%
Median YoY Growth+12.3%
Current Streak3 quarters decline
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Frequently Asked Questions
- What is ConocoPhillips's lower 48 — capital expenditures and investments?
- ConocoPhillips (COP) reported lower 48 — capital expenditures and investments of $1.51B in Q1 2026.
- How has ConocoPhillips's lower 48 — capital expenditures and investments changed year-over-year?
- ConocoPhillips's lower 48 — capital expenditures and investments decreased by 17.0% year-over-year, from $1.81B to $1.51B.
- What is the long-term trend for ConocoPhillips's lower 48 — capital expenditures and investments?
- Over 3 years (2021 to 2024), ConocoPhillips's lower 48 — capital expenditures and investments has grown at a 27.7% compound annual growth rate (CAGR), from $3.13B to $6.51B.
- What does lower 48 — capital expenditures and investments mean?
- The amount of money spent on long-term projects and assets in the Lower 48 region.