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ConocoPhillips COP Lower 48 — Shipping and Handling Costs

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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$135.49B+21.2%
Enterprise value$152.54B+18.2%
P/E18.5×+6.8×
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:OperatingCostsAndExpenses.

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 — shipping and handling costs?
ConocoPhillips (COP) reported lower 48 — shipping and handling costs of $1.25B in Q1 2026.
How has ConocoPhillips's lower 48 — shipping and handling costs changed year-over-year?
ConocoPhillips's lower 48 — shipping and handling costs decreased by 16.0% year-over-year, from $1.49B to $1.25B.
What is the long-term trend for ConocoPhillips's lower 48 — shipping and handling costs?
Over 2 years (2023 to 2025), ConocoPhillips's lower 48 — shipping and handling costs has grown at a 18.1% compound annual growth rate (CAGR), from $4.2B to $5.86B.
What does lower 48 — shipping and handling costs mean?
The costs incurred to move and process oil and gas products to market.
How do you interpret lower 48 — shipping and handling costs?
An increase may signal rising logistics costs or operational inefficiencies, whereas a decrease suggests improved supply chain management or lower transportation tariffs.
How does lower 48 — shipping and handling costs compare across companies?
Commonly reported as 'Gathering, Processing, and Transportation (GPT) costs' in the energy sector.