ConocoPhillips COP Lower 48 — Severance expense
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Where this comes from
Reported directly by ConocoPhillips in its filing.
Tagged under the XBRL concept us-gaap:SeveranceCosts1.
The source filing: ConocoPhillips’s 10-K, filed February 17, 2026.
- Filed
- Feb 17, 2026, 11:32 AM EST
- Fiscal year
- FY2025
- Accession
- 0001163165-26-000009
During 2025, we announced certain restructuring initiatives and reduced our overall employee workforce, resulting in associated severance expense of $286 million, with $214 million reported as “Production and operating expenses” and $72 million reported as “Selling, general and administrative expenses” on the consolidated income statement. Approximately $43 million was in Alaska, $87 million in Lower 48, $29 million in Canada, $48 million in Europe, Middle East and North Africa, $7 million in Asia Pacific and $72 million in Corporate and Other.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is ConocoPhillips's lower 48 — severance expense?
- ConocoPhillips (COP) reported lower 48 — severance expense of $21.75M in Q4 2025.
- What does lower 48 — severance expense mean?
- Costs incurred by the Lower 48 segment related to employee termination benefits and restructuring activities. This metric reflects the financial impact of workforce reductions, often associated with operational efficiency programs or asset divestitures. It is a key indicator of management's efforts to streamline costs and optimize the organizational structure.
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