ConocoPhillips Exploration Abandonment and Impairment decreased by 55.3% to $34.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 44.3%, from $61.00M to $34.00M. Over 4 years (FY 2021 to FY 2025), Exploration Abandonment and Impairment shows an upward trend with a 42.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Lower values are preferred as they indicate higher success rates in exploration and better asset valuation stability.
Represents cash outflows associated with the abandonment of exploration projects and the impairment of oil and gas prope...
Standard metric for upstream energy companies; peer comparisons depend on exploration intensity and portfolio quality.
is_cop_exploration_abandonment_impairment| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $0.00 | $37.00M | $7.00M | $97.00M | $32.00M | $204.00M | $68.00M | $34.00M | $49.00M | $11.00M | $19.00M | $29.00M | $0.00 | $0.00 | $61.00M | $24.00M | $20.00M | $76.00M | $34.00M |
| QoQ Change | — | -100.0% | — | -81.1% | >999% | -67.0% | +537.5% | -66.7% | -50.0% | +44.1% | -77.6% | +72.7% | +52.6% | -100.0% | — | — | -60.7% | -16.7% | +280.0% | -55.3% |
| YoY Change | — | — | — | — | >999% | — | +451.4% | +871.4% | -64.9% | +53.1% | -94.6% | -72.1% | -14.7% | -100.0% | -100.0% | +221.1% | -17.2% | — | — | -44.3% |