ConocoPhillips Dry Hole Expense decreased by 6.8% to $109.00M in Q1 2026 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Frequent or high expenses suggest high exploration risk, while low expenses may indicate conservative exploration or high success rates.
Dry hole expense represents the costs associated with exploratory drilling activities that fail to identify commercially...
Common in oil, gas, and mining; peers with high exploration success rates typically report lower dry hole expenses.
is_cop_dry_hole_expense| Q1 '25 | Q1 '26 | |
|---|---|---|
| Value | $117.00M | $109.00M |
| QoQ Change | — | -6.8% |
| YoY Change | — | -6.8% |