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ConocoPhillips COP Capitalized Exploratory Well Cost Sales Of Suspended Well Investment

Capitalized Exploratory Well Cost Sales Of Suspended Well Investment at other companies

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$344M+21.6%
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$2.7M0.0%

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-5.6%
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%
CapEx$3.0B-75.5%
Free cash flow$1.3B

Valuation

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Market cap$146.78B+25.2%
Enterprise value$163.83B+20.6%
P/E20.1×+7.3×
P/S2.5×+0.5×

Profitability

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp
FCF margin12.3%

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 cop:CapitalizedExploratoryWellCostSalesOfSuspendedWellInvestment.

The source filing: ConocoPhillips’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 11:32 AM EST
Fiscal year
FY2025
Accession
0001163165-26-000009
Line itemMillions of Dollars / 2025Millions of Dollars / 2024Millions of Dollars / 2023
Beginning balance$196184527
Additions pending the determination of proved reserves11332
Reclassifications to proved properties(2)(285)
Sales of suspended wells(30)
Charged to dry hole expense(36)(18)(58)
Ending balance$243196184

Item 8. Financial Statements and Supplementary Data

FAQ

What is ConocoPhillips's capitalized exploratory well cost sales of suspended well investment?
ConocoPhillips (COP) reported capitalized exploratory well cost sales of suspended well investment of $7.5M in Q4 2025.
What does capitalized exploratory well cost sales of suspended well investment mean?
This reflects the proceeds from the sale of interests in exploratory wells that were previously capitalized but not yet fully developed. It represents the monetization of exploration assets.

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