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ConocoPhillips COP Impairment Charges

Impairment Charges at other companies

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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$141.29B+21.0%
Enterprise value$158.09B+16.7%
P/E15.2×+2.5×
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:AssetImpairmentCharges.

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
Line itemMillions of Dollars / Three Months Ended June 30 / 2026Millions of Dollars / Three Months Ended June 30 / 2025Millions of Dollars / Six Months Ended June 30 / 2026Millions of Dollars / Six Months Ended June 30 / 2025
Selling, general and administrative expenses188250381441
Exploration expenses7581184198
Depreciation, depletion and amortization2,9832,8385,8895,584
Impairments21212
Taxes other than income taxes7935721,4001,123
Accretion on discounted liabilities9995196189
Interest and debt expense182232380437
Foreign currency transaction (gain) loss(25)(3)(25)27

Item 1. Financial Statements

FAQ

What is ConocoPhillips's impairment charges?
ConocoPhillips (COP) reported impairment charges of $2M in Q2 2026.
How has ConocoPhillips's impairment charges changed year-over-year?
ConocoPhillips's impairment charges increased by 100.0% year-over-year, from $1M to $2M.
What is the long-term trend for ConocoPhillips's impairment charges?
Over 4 years (2021 to 2025), ConocoPhillips's impairment charges has grown at a -55.7% compound annual growth rate (CAGR), from $674M to $26M.
What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

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