ConocoPhillips COP Lower 48 — Operating Costs and Expenses

Other segment segments

Similar metrics at other companies

OXYOil and gas — Costs and Other Deductions

$3.93B-1.3%

OVVUS — Results Of Operations Production Operating Costs Production And Mineral Taxes And Accretion

$204.75M+84.0%

OVVCanadian Operations — Direct Operating Costs

$51M+41.7%

EOGUnited States — Lease and Well

$446M+15.8%

PAACrude Oil — Field operating costs

$291M-0.3%

OXYOil and gas — Oil and gas lease operating expense

$1.12B-8.1%

Questions, answered.

What is ConocoPhillips's lower 48 — operating costs and expenses?

ConocoPhillips (COP) reported lower 48 — operating costs and expenses of $1.25B in Q1 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 16.0% year-over-year, from $1.49B to $1.25B.

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?

The total direct costs required to produce and transport oil and gas within the Lower 48 segment.

How do you interpret lower 48 — operating costs and expenses?

A decrease relative to revenue suggests improved operational efficiency and cost control, while an increase may signal rising service costs or operational inefficiencies.

How does lower 48 — operating costs and expenses compare across companies?

Comparable to 'Lease Operating Expenses' (LOE) or 'Production Costs' reported by peers.