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ConocoPhillips COP Lower 48 — Operating Costs and Expenses
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:OperatingCostsAndExpenses.
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, 2026 | Millions of Dollars / Alaska | Millions of Dollars / L48 | Millions of Dollars / Canada | Millions of Dollars / EMENA | Millions of Dollars / AP | Millions of Dollars / Segment Totals | Millions of Dollars / Corporate | Millions of Dollars / Consolidated Total |
|---|---|---|---|---|---|---|---|---|
| Intersegment eliminations | — | (3) | (621) | — | — | (624) | (9) | (633) |
| Consolidated sales and other operating revenues | 1,873 | 13,028 | 1,304 | 2,276 | 674 | 19,155 | 6 | 19,161 |
| Significant segment expenses* | ||||||||
| Production and operating expenses | 522 | 1,276 | 290 | 270 | 87 | 2,445 | (14) | 2,431 |
| DD&A | 346 | 2,147 | 133 | 241 | 107 | 2,974 | 9 | 2,983 |
| Income tax provision (benefit) | 159 | 722 | 104 | 1,033 | 110 | 2,128 | 23 | 2,151 |
| Total | 1,027 | 4,145 | 527 | 1,544 | 304 | 7,547 | 18 | 7,565 |
| Other segment items |
Item 1. Financial Statements
FAQ
- What is ConocoPhillips's lower 48 — operating costs and expenses?
- ConocoPhillips (COP) reported lower 48 — operating costs and expenses of $1.28B in Q2 2026.
- How has ConocoPhillips's lower 48 — operating costs and expenses changed year-over-year?
- ConocoPhillips's lower 48 — operating costs and expenses decreased by 13.4% year-over-year, from $1.47B to $1.28B.
- What is the long-term trend for ConocoPhillips's lower 48 — operating costs and expenses?
- Over 2 years (2022 to 2024), ConocoPhillips's lower 48 — operating costs and expenses has grown at a 14.5% compound annual growth rate (CAGR), from $3.63B to $4.75B.
- What does lower 48 — operating costs and expenses mean?
- Encompasses the aggregate costs incurred to operate and maintain production assets in the Lower 48 region, including production taxes, transportation, processing, and field-level overhead. It excludes corporate-level allocations but captures the direct operational efficiency of the segment's asset base.
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