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ConocoPhillips COP Lower 48 — Depreciation, Depletion and Amortization

Other segment segments

Alaska Segment
$346M-4.2%
EMENA
$241M+21.7%
Canada Operating Segment
$133M-7.0%
Asia Pacific Operating Segment
$107M-9.3%
Corporate
$9M-40.0%

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Other financials

Income statement

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Revenue$19.2B+36.8%
Gross profit$12.4B+39.6%
Net income$3.9B+99.4%
EPS (diluted)$3.23+107%

Balance sheet

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Cash & equivalents$7.0B+33.3%
Total debt$23.8B-0.6%
Total equity$65.3B-0.3%
Total assets$124.26B+1.4%

Cash flow

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Operating cash flow$7.4B+113%
CapEx$3.0B-8.9%
Free cash flow$1.3B+13.6%

Valuation

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Market cap$140.15B+19.2%
Enterprise value$156.95B+15.2%
P/E15.1×+2.3×
P/S2.2×+0.2×

Profitability

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Gross margin62%-1.5pp
Net margin14.7%-1.2pp
FCF margin12.3%-2.3pp

Returns & leverage

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Return on equity14.2%-1.8pp
Debt / equity0.4×0.0×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The source filing: ConocoPhillips’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:39 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001163165-26-000032
Three Months Ended June 30, 2026Millions of Dollars / AlaskaMillions of Dollars / L48Millions of Dollars / CanadaMillions of Dollars / EMENAMillions of Dollars / APMillions of Dollars / Segment TotalsMillions of Dollars / CorporateMillions of Dollars / Consolidated Total
Consolidated sales and other operating revenues1,87313,0281,3042,27667419,155619,161
Significant segment expenses*
Production and operating expenses5221,276290270872,445(14)2,431
DD&A3462,1471332411072,97492,983
Income tax provision (benefit)1597221041,0331102,128232,151
Total1,0274,1455271,5443047,547187,565
Other segment items
Equity in earnings of affiliates(45)(167)(212)(27)(239)

Item 1. Financial Statements

FAQ

What is ConocoPhillips's lower 48 — depreciation, depletion and amortization?
ConocoPhillips (COP) reported lower 48 — depreciation, depletion and amortization of $2.15B in Q2 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 7.2% year-over-year, from $2B to $2.15B.
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 systematic allocation of the cost of tangible and intangible assets, primarily oil and gas properties, over their estimated useful lives or production periods. This reflects the capital intensity and the consumption of the underlying resource base.

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