Asset write-downs
ConocoPhillips Asset write-downs increased by 35.7% to $19.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1800.0%, from $1.00M to $19.00M. Over 4 years (FY 2021 to FY 2025), Asset write-downs shows a downward trend with a -55.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High impairment charges suggest poor past investment decisions or deteriorating market conditions for specific business units.
Detailed definition
These are non-cash charges recognized when the carrying value of an asset exceeds its fair market value. They indicate t...
Peer comparison
Common in insurance and financial services during economic downturns; peers will report these when asset valuations decline.
operating_asset_impairment_chargesHistorical Data
| 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 | $2.00M | -$89.00M | $764.00M | $2.00M | $2.00M | $2.00M | -$18.00M | $1.00M | $0.00 | $11.00M | $2.00M | $0.00 | $34.00M | $0.00 | $46.00M | $1.00M | $1.00M | $10.00M | $14.00M | $19.00M |
| QoQ Change | — | <-999% | +958.4% | -99.7% | +0.0% | +0.0% | <-999% | +105.6% | -100.0% | — | -81.8% | -100.0% | — | -100.0% | — | -97.8% | +0.0% | +900.0% | +40.0% | +35.7% |
| YoY Change | — | — | — | — | +0.0% | +102.2% | -102.4% | -50.0% | -100.0% | +450.0% | +111.1% | -100.0% | — | -100.0% | >999% | — | -97.1% | — | -69.6% | >999% |
Business Segments
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|
| Canada | -$500.00K | -$500.00K | -$500.00K | -$500.00K | $1.50M | $1.50M | $1.50M | $1.50M |
| Alaska | $500.00K | $500.00K | $500.00K | $500.00K | $0.00 | $0.00 | $0.00 | $0.00 |
| Asia Pacific | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Europe, Middle East and North Africa | -$250.00K | -$250.00K | -$250.00K | -$250.00K | $0.00 | $0.00 | $0.00 | $0.00 |
| Lower 48 | -$2.75M | -$2.75M | -$2.75M | -$2.75M | $1.75M | $1.75M | $1.75M | — |
| Total | $2.00M | $2.00M | $2.00M | -$18.00M | $1.00M | $0.00 | $11.00M | $2.00M |
Asia Pacific, Canada are derived from annual filings.
Alaska, Asia Pacific, Canada, Europe, Middle East and North Africa, Lower 48 were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Asset write-downs at Other Companies
Frequently Asked Questions
- What is ConocoPhillips's asset write-downs?
- ConocoPhillips (COP) reported asset write-downs of $19.00M in Q1 2026.
- How has ConocoPhillips's asset write-downs changed year-over-year?
- ConocoPhillips's asset write-downs increased by 1800.0% year-over-year, from $1.00M to $19.00M.
- What is the long-term trend for ConocoPhillips's asset write-downs?
- Over 4 years (2021 to 2025), ConocoPhillips's asset write-downs has grown at a -55.7% compound annual growth rate (CAGR), from $674.00M to $26.00M.
- What does asset write-downs mean?
- A write-down in the value of assets that are no longer worth as much as previously recorded.