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ConocoPhillips COP Lower 48 — Depreciation, Depletion and Amortization

Other segment segments

Alaska Segment
$352M-0.8%
EMENA
$239M+9.1%
Canada Operating Segment
$152M+16.0%
Asia Pacific Operating Segment
$103M-13.4%
Corporate
$9M-50.0%

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$1.26B+76.8%
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$6M0.0%

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-5.7%
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%

Valuation

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Market cap$131.26B+21.2%
Enterprise value$148.31B+18.2%
P/E17.9×+6.6×
P/S2.3×+0.4×

Profitability

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

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:DepreciationDepletionAndAmortization.

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 — depreciation, depletion and amortization?
ConocoPhillips (COP) reported lower 48 — depreciation, depletion and amortization of $2.05B in Q1 2026.
How has ConocoPhillips's lower 48 — depreciation, depletion and amortization changed year-over-year?
ConocoPhillips's lower 48 — depreciation, depletion and amortization increased by 7.7% year-over-year, from $1.9B to $2.05B.
What is the long-term trend for ConocoPhillips's lower 48 — depreciation, depletion and amortization?
Over 3 years (2022 to 2025), ConocoPhillips's lower 48 — depreciation, depletion and amortization has grown at a 18.6% compound annual growth rate (CAGR), from $4.87B to $8.12B.
What does lower 48 — depreciation, depletion and amortization mean?
The non-cash expense representing the wear and tear or depletion of oil and gas assets.
How do you interpret lower 48 — depreciation, depletion and amortization?
Higher levels typically reflect increased capital investment or accelerated depletion of reserves, while lower levels may indicate reduced capital intensity or asset maturity.
How does lower 48 — depreciation, depletion and amortization compare across companies?
Standard non-cash expense across all capital-intensive industries; comparable to 'DD&A' at peer E&P firms.